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Thread: 1M 121 to ab=cd with rainbow and or uppertimeframe support resistance confirmations.

  1. #1
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    1M 121 to ab=cd with rainbow and or uppertimeframe support resistance confirmations.

    hey guys just wanted to share another great confirmation for 1:1 patterns in the 1m chart. i am astonished by the symmetry of the 1m chart. thanks to kor for pointing it out. also in pretext the 1m 1:1 offers ideal advantage in setting up stops bec. whatever happens if u set a maximum risk of 7 pips(w/c may look excessively wide in some cases), eu, gu, uj will move on average 7-11 pips in any direction before it pulls back so setting a stop that small is advantageous. imho. few things to consider, use the 1h TF as ur candle by candle directional time frame. what i mean by this is that this is the tf where you look if support and resistance is holding, ur up or down based on the recent candles close, open and swings. this will help you in picking/timing the nice 1m 1:1 patterns. why 1hr? bec there is no disagreement in traders when a 1h close is. same with 1 min,


    the rainbow is simply 10 -240 lwma in increments of 10
    black line is 200 sma red is 50 sma and bright blue is 21 ema

    i use daily weekly and monthly pivots and fibs on daily weekly charts.

    the stair stepping line on my charts are the upper time frame moving averages printed on a lower tf. i use invtervals of 4-6 candles so 1m upper time frame is 5 min and so on. 15m-1h, 1h-4h, 4h-daily..

    samples

    http://content.screencast.com/users/...12-24_1213.png

    http://content.screencast.com/users/...12-24_1240.png

    http://content.screencast.com/users/...12-20_1151.png

    http://content.screencast.com/users/...12-21_0946.png


    http://content.screencast.com/users/...12-20_1153.png

    http://content.screencast.com/users/...12-19_1250.png

    http://content.screencast.com/users/...12-19_1034.png

    http://content.screencast.com/users/...12-19_1239.png
    Last edited by nopi240; 12-24-2012 at 05:49 PM.

  2. #2
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    gu 1m 1:1 pullback to monthly support 1, also a role reversal level and a rainbow yellow wma and red 50ema cluster in a bearish direction market derived from 1h chart.

    1M 121 to ab=cd with rainbow and or uppertimeframe support resistance confirmations.-2013-01-08_1043.png

  3. #3
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    gu 1:1 and the 1h200sma w/in a bearish bias range scenario

    http://content.screencast.com/users/...01-15_1402.png
    Attached Thumbnails Attached Thumbnails 1M 121 to ab=cd with rainbow and or uppertimeframe support resistance confirmations.-2013-01-15_1402.jpg  
    kor4x likes this.

  4. #4
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    uj 1h bearish 121 and wpp broken,

    1M 121 to ab=cd with rainbow and or uppertimeframe support resistance confirmations.-2013-01-16_1126.png

    ok np

    1m bullish 121 on wpp role reversal level is this seriously going to the daily pp for a range day today?

    1M 121 to ab=cd with rainbow and or uppertimeframe support resistance confirmations.-2013-01-16_1122.png
    kor4x likes this.

  5. #5
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    121 and a daily fib in context of a 1h range with a longer term bear bias

    courtesy of boe gov king

    http://content.screencast.com/users/...01-22_1500.png
    Last edited by nopi240; 01-22-2013 at 08:06 PM.

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