Only registerd users (ie TerraSeeds Tflow® graduates) can view this post. Graduates please log in with your UID and password that you use for Forum. Find out how you can be part of our privileged trading community. Email forex@terraseeds.com

A crystal ball is what many traders desire.

Well, Tflow® uses applied Elliott Wave and advance Fibonacci Techniques to predict future direction and prices.

Yes, we are able to predict if price can go up or down and precisely to what price.

We wrote about Gold resistance at $1200. Indeed it went to high of $1213 (oops…we missed by $13).

Right now, Gold has reached the predicted TL. We are looking at lower timeframe for a trigger.

We will keep you updated on this later. Stay tuned.

Gold Spot on!

By the way, you can have a glimpse of how Tflow® works by joining us on the Free Tflow® Preview.

I want to attend forex tflow preview

USDCAD has been in a series of lower low and lower high.

In the above H4 chart, we see a potential double bottom pattern.  In a double bottom, it signals reversal of this downtrend.  One key thing in a double bottom is the low acts as strong support.

In tflow®, we are able to enter a trade before confirmation of a double bottom (where a double bottom confirmation is via the break of it’s neckline resistance).

First, a flow must establish. Second we see a retracement.  If you are here for tflow® free educational seminar, the trainer will illustrate how to conduct tflow® during the session.

Of course, we will have a trigger (which tflow® uses price action trigger – and believe me, that’s the fastest)

In USDCAD, we are waiting for the trigger. Lastly, tflow® can predict the first price target level.  We have many levels and thus with this technique, we are able to maximise our profit and improve on reward to risk ratio.

Happy Trading!

As mentioned in the previous post : http://daytradeforex.terraseeds.com/2010/03/18/forex-trading-ideas-eurjpy-at-resistance-from-prior-levels-and-advance-fibonacci-retracement

EURJPY moved down, about 100 plus pips from our posting.

In forex trading, it is necessary to adopt mindset of path of least resistance. Do not always assume a support or resistance to be broken. Playing breakout can be dangerous and professionals always like to fake breakouts!

Many Tflow students saw the trigger in M15. Great.

EURJPY Fibonacci Retracement Support

Here’s the big picture on D1 – the Fibonacci retracement support values and confluence of support.

On Dow Theory, we understand that price movement is not a straight line movement.

Subsequently as explained by Elliott Wave theory, price movement follows a fractal movement.

When trading forex, new traders are oftened confused and dis-oriented by multiple timeframe – one timeframe says up, another says down at the same time.

The best way to define trend is to use Highs and Lows.

As stated in Tflow® training, traders will learn how to manage multiple timeframe and to trade in any timeframe according to their profile.

In a major trend, there will be sub-trend (or sub-waves)

Very important, we will answer ‘What are you supposed to do now?’ ‘If you are a swing trader, do you short/long here or wait for a best zone”.

Many times, you will find that you are right eventually, but was stopped out now. We call that attrition. Don’t be stopped by noises. To prevent being stopped out unnecessary, the best way is to be able to predict future prices like we do with Advance Fibonacci and Tflow® Strategy

In Tflow System, we are able to trade with precision and one of the most amazing techniques taught is advanced Fibonacci prediction. This means that even before we enter a trade, we know in advance the actual price of our risk and multiple targets.

This is unlikely a fixed profit target whereby one might be taking 10, 40 or even 80 pips per trade and missed out the possible 100 or even 1000 pips which the trade can give. Remember “cut your losses short, let your profits run“.

The chart below shows you how it can be done.

With advanced Fibonacci prediction by Tflow, we can find an entry shown by the red arrow and projected 5 possible target levels as shown.

So after 8hrs…

Surprised?! The market is so kind that Target 1 and 2 (210 pips and 255 pips) were all hit in 8 hrs, which is 2 bars after the entry, and the profit taking was near to the low of the bar before a pullback. So the prediction turns into reality for the 2 targets.

If suppose you went to sleep and work for the remaining days, without checking back on your trades for the next few days…

320 pips pocketed and near the lows after 16 hours or about 2 full working days. And you don’t have to glue to your screen and constant monitoring of the trade. It is as simple as “Set and Forget” or in auto-flight mode. Isn’t that gives you more time for yourself and perhaps a less stress trading strategy?

So let’s see if the next target is coming.

445 pips in 3 days! Yet, if you noticed, the price is very near target 4 then a pull back before dropping below target 4.

In  Tflow system, there is a way to identify the pullback and allow a re-entry to continue shorting GBPJPY.

After 3 days, GBPJPY has moved almost 480 pips, will it reach our projected target of 510 pips?

Whoala! 510 pips in 4 days!

Apart from having a good strategy,  patience and discipline are also important for a good trade to last for a long time.

Noticed again how Price had hit on the Target level and made a pullback.

As you had seen, this is a swing trade which one can made within a week and have the peace of mind to let it run for a long time – 4 days!

A 510 pips might mean USD 510 for a mini lot or USD 5100 for a standard lot.

So the risk / reward ratio will be USD 600 / USD 5100, which is 1 to 8.5.

Have you know of such strategy that you can trade with confidence and yet allowing it to run, without affecting your lifestyle?

If you are in search of one, then make time to hear what Terraseeds can offer you! Come for the coming course preview on the Forex Tflow Course.

When entering a trade, one must have a system that can provide him the following things:

a) Is there a signal to enter a trade?

b) What is my risk / reward ratio?

c) Can I make a good prediction for my profit targets?

Since currency trading is a highly leverage transaction, an average trader may not have large risk capital to withstand the volatility of the price movement.
Therefore, is there a tool to help him to manage his trade, and to know in advance when to enter and exit?

Let’s see the chart below.

Know entry and exit level before trading commence

The above shows that there is a possible entry to sell EUR/JPY with multiple profit target level already forecasted.

After 1 day, here is what happened.

First Target within 1 day or 24 hrs

So, the trader would have gotten 270pips after leaving the trade to run for 1 day. It would be translated to about USD 2700 in a day, if he trade on 1 standard lot, or about USD 270 on a mini lot.

What if he continues to hold on his trade?

Second Target within 3 days or 72 hours

It goes to show that the trade was a right one and after 3 days, a profit of 340 pips.

After falling to 340 pips in 3 days, there will be a tendency to say “it getting cheaper to buy it up”; “bargain hunting”;”fair value”. Perhaps even the technical indicators would have signal for a buy, instead of sell.

Will it move to the next target as forecasted initially?

Third Target within 4 days or 96 hours

Imagine having USD 4500 for 4 days of ‘work’, that you need not glue on the screen, seeing an setup and then make a ‘set and forget’ trading. Will that earnings give you a better life?

What is this tool that helps to predict the profit targets level with precision? It is called Fibonacci Technique.

Will you want to understand how to use it for your trading?

Come to the coming course preview on the Tflow Forex Trading System to know about it.

This is a simple tip for MT4 users.

Before:

The Fibonacci tools are wonder ful and essential for trading but after plotting them on the chart, price levels corresponding to the Fib levels are not displayed. For illustration, see ”50%’ retracement level on chart. To get the precise reading, you may have to use the crosshair function.

After:

By going to ‘Fibo properties’ and adding ‘=%$’ to the description cell for each fib level, you can see the price level displayed beside the fib level like ’23.6=1.32038′.

Tweaking MT4

400 pips move, with target profit already predicted when trade is opened

Trading is a business.
A business must have business plan. Therefore, trading must have a trading plan too!

A trading plan include:

1. Entry level

2. Target level

3. Stop Loss level

4. Position Sizing

To get 400 pips in a trade is not easy.
One way to do so is to have a method that is able to spot turning point. By spotting turning point, a trader will be able to minimise cut loss.

Tflow is a predictive method that is based on applied elliott wave and advance fibonacci confluence ratios.  We are able to spot turning points based on a highly predictive and highly recurring pattern in the forex market.

See an execution plan by our trainer in GBPUSD.  The movement of GBPUSD is clearly predicted during intake 9 live hands on class.

Trading plan of our student

The Euro remains on an uptrend in the daily charts although it is on retracement mode for Week 47.

Based on the 4-hour charts, this week is a 76.4% fibonacci retracement of the rally last week. Some levels that might be tested this week is last week’s mid-week support at 1.4940~ and yesterday’s resistance at around 1.5000~.

Trendlines for Euro on daily chart

In the shadow of week 46

Traders will be looking for clues to where the EURGBP will go. While it has apparently found support at .8900 recently (50% retracement of August to October rally), the direction is unclear if we look at the action from week to week.

Movement out of the supports and resistances in the past two weeks will give clue to the final direction of the pair.

50% retracement of 2 month rally

Week to week action

Thanks to Erwin for pointing out how relevant this song is to us.

1-2-3-4

Feist\’s appearance in Sesame Street\’s 39th season.

* 1-2-3-4 is a special setup taught in the FX Tflow® System. As a price-based setup, it is faster and superior to indicator based strategies. The setup can be used in any timeframe for any currency pair. Traders can use it to make both with the trend as well as counter-trend trades. It also has superior predictive value when used in conjunction with Fibonacci techniques.*

The Aussie has retraced less than on the Euro based withdrawal from the October rally. This is the 50% fibonacci retracement level. It appears to be in a channel this week. Similar to the bear trap that we saw in the Euro two days ago, Aussie subsequently moved to a higher intra-week level although it has not been able to close above that based on the 4-hour chart.

Long term trend seen in the daily chart

Weekly chart shows the retracement, bear trap and subsequent overnight rally

There is no reversal of daily chart yet although there is a hint on the H4 chart. Price movement in both directions in the past 2 days are very strong so be mindful of volatility ahead.

It’s a long time since I’ve posted.

Been too busy with trading – everyday there’s many great opportunities in the Forex and Stock market.

On Friday, I did a scalping trade while watching DVD on my computer. I’m hardly a scalper, but when opportunities come, I’ll grab. The EURJPY trade is a low risk trade because:

- in higher timeframe, we see a market level

- also in lower timeframe, we also have a very clear market level.  With market level, this would help to determine risk of trade.  Basically, the market has told us what they are doing

- most important,  many knows how to trigger a trade. BUT DO NOT KNOW WHERE TO TAKE PROFIT.  This is a huge problem.  Many take profit on a fix pips, e.g. risk 21 pips with a profit fixed at 18 pips.  When they take profit at 18 pips, price gushed up or down by another 100 pips (isn’t that painful)

- for tflow, we do not take profit with fixed pips.  instead, we are able to PREDICT where is the profit level AT THE SAME TIME we open the trade.  The predictive style (NOT REACTIVE) allows us to maximise a trade and ride it fully

See the EURJPY trade that I did.  I took profit at near to the low before it turned. How do I know that? Yes, we are able to predict this level well in advance and place a limit order here

If your method is reactive, it will create a lot of panic flies when you are trading (think of all the butterflies in your stomach…. ).

How do I know when to short and What level to take profit

Predict with Tflow. That's the method for us to take profit at a predetermined level

Cheers,

Binni Ong, Chief Trainer

This is another execution by a student. The analysis is flawless but strong market momentum may have stopped this trade out. There was a bearish candlestick pattern in the hourly chart that was apparent in the second attempt on the resistance line. A valid but unfortunate short.

Hi All,

Last night i notice a huge movement in the EUR/USD.

1) initial thoughts at chart “eurusd1 h4″ was to long once the candle close above the “purple channel”

But some teaching by Binni and Tiong Hum came into my mind  “bigger picture”, “false break”, “huge increase is hard to sustain”.

By looking at the bigger picture i manage to draw another channel (in blue) and when i put in the fibo level it is clear to me that shorting this pair is more in line with what i learn.

2) Zoom out to look at the bigger picture draw another 2 channel (blue)

Went in to fine tune at H1 Short after forming of the doji red candle

Regards,
Ivan

EUR meeting resistance

Confluence met

There was apparently a evening star candlestick

The postings here are analyses made for educational purposes. None of the authors, contributors, trainers or management has license to give investment analysis or advice. It is made purely for learning purposes and at no time should be taken as advice to buy or sell. We are not liable to any damange or loss in anyway.

Posting in terraseedsgooglegroups by Swee Beng. In the 15 min and 60 min charts, Swee Beng has pointed out the excellent setups that were available. It is also an excellent illustration of charts in different timeframes yielding different results to their users.

Traders need to bear in mind then to constantly check the higher timeframe and to select the setup that will provide a higher reward-risk outcome.

Finally in the 4-hour chart, we have some zones to wait for.

My descriptions is as follows:

M15 Chart

1) This chart shows a potential short trade because the trendline from the 1234 setup has been broken by the downward momentum movement therefore sellers will be looking for candlestick formation signal to confirm a short entry.

2) The potential exit targets for short-sellers will be fibo-E 138.2 and 161.8.

H1 Chart

1) The fibo-E from the M15 timeframe meets with fibo-R 76.4 of the H1 timeframe. This means that sellers want to get out and buyers want to get in at this optimum level. It’s a marriage made in heaven.

2) This is confirmed by the tail of the candle briefly touches fibo-R 76.4 and immediately rises to break trendline from downtrend. This shows price respect fibo-R 76.4.

H4 Chart

1)  Price break trendline convincingly and this move might be the first indication of reversal.

2)  Price retraced to form a double bottom and a potential equidistant channel is created.

3)  Buyers will be looking for an optimum entry zone somewhere near the lower half of the equidistant channel where there is a horizontal support line and fibo-R level.

4) The potential exit target will be at fibo-E 138.2 which is at the upper half of the equidistant trendline.

Thanks
Swee Beng

15 minute chart

Hourly chart

4 hour chart

The postings here are analyses made for educational purposes. None of the authors, contributors, trainers or management has license to give investment analysis or advice. It is made purely for learning purposes and at no time should be taken as advice to buy or sell. We are not liable to any damange or loss in anyway.

This analysis is posted to terraseedsgooglegroups by one of Tflow students. He is also a trainer of some of our TA courses.

Hi!

Here is my analysis of AUDUSD in D1.

The 4 days price advance from 0.6592 found resistance at 0.7225, which
is the 76.4% Fibonacci retracement of the down swing from 0.7325 to 0.6952.
This level also confluence with the horizontal price resistance levels.
A support zone exist at the region of 0.6810, which is the confluence of the
138.2%
Fibonacci extension, the 50% Fibonacci retracement of the up swing from
0.6285 to 0.7325,
and multiple horizontal price supports.
Please see attached chart.

Feel free to comment. Thanks.

Bee Heng

AUD Evening Star at Confluence

The postings here are analyses made for educational purposes. None of the authors, contributors, trainers or management has license to give investment analysis or advice. It is made purely for learning purposes and at no time should be taken as advice to buy or sell. We are not liable to any damange or loss in anyway.

The Euro has a consolidation pattern that may hint of a continuation move. We see a support (A) above the 50% fibonacci retracement level and the trading in the past 24 hours show indecisiveness. In order to move out of the current triangle, Bulls have to clear the common resistance trendline (1) followed by the extreme resistance (2).

EUR in consolidation pattern with hint of continuation

The EURCHF has a similar setup

EUR support and resistance still valid

Whether last night’s news was really a surprise is questionable but we find that the market or more importantly the charts contain a lot more predictive value.

A low-high (March) fib measurement of the EUR on the daily chart will show that yesterday’s trading low for the was really a 23.6% retracement support. This was also confluence of an equidistant channel that could be drawn using points which were already available over the past few days.

A 170 pip rally brought the EUR to the top of the channel and touching the resistance nicely. It really isn’t a surprise. Its a bet of 30 pip stop versus a 170 pip target.

What’s more, until the channel is violated conclusively, it is still valid.