Quote:
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Originally Posted by HighFireTrend
04.24.2007 for Wednesday 25 (GMT-5)(New York time)
(super intraday)
- 01:00 am - 09:29 am (04.25.2007) - sell +++
"+++" - pluses - means without trade-risk.
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(intraday)
- Down trend
- sell zone 2.0042-2.0078
- stop 2.0118
- target 1.9987
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MAXIMUM PROFIT is waiting you
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WOW, this trade too all night, guess it was based on the DG report. Still,
IDT +++ forecast rules. 
I shorted the market at the high of 2.0055 after the rejection of the R1 pivot was made and alsotop of the Shi-channel on the 15 min. chart was reached. ALSO, this was my expected high CONFLUENCE AREA to short the market based on the following:
- 4 & 1 hr chart fib retracement level in confluence area: (2.0025-65, sell area)
- Also,this was the end of an minor correction ABC Wave 2 count. Based on a simple Elliot wave count. the Expected C point on this correction was at (2.0043-75 sell area)
- Now, a confirmation of all this analysis was made, by entering my price target projection formula to the previous swing low swing high on the 30 min. chart. The projected up side target from my formula was :
Price Targets:
- Target 1: 2.0045002 reached and in confirmation with the other prejected highs.
- Target 2: 2.0079
- Target 3: 2.0134002
- Then, RSI 14, as soon as the price area was reached, was way over 70, indicating a sell opportunity.
- Finaly, to all of this, IDT forecast indicated that the Price area to sell was at the 2.0043-70's area as well.
As you can see this is what I do every night to forecast the expected highs and low SWINGS and try to fade them as soon as they are reached The accuracy is because this levels are based on Fibonacci levels, Simple Wave counts, price target projections that Market Makers use and the orchestration of my set of indicators to confirm my decision. Finaly IDT, ease most of my analysis, by providing and area of resistant or support, I can design my trading off.
For, example, This last trade call from IDT, not only told me to go short @ the sell area of 2.0045-75 area. But, since the prices were at the 2.0000 -2.0020 level, when the forecast was emailed, They, also help me set up a trade, to go long the market until the SELL ZONE is reached.
So, It did gave me a +22 pip trade, to the uppside, by bying at 2.0025 and exiting at the 2.0047 level when RSI reached the 70 mark. THEN, I got ready to Short the market. at the high of 2.0055 and exited as soon as my tergets of 2.0027 and 2.007 were reached. I close the positions at 2.0022. for a nice 33 pip per contract.
Since it was a +++ trade, I shorted the market with 3 lots. = $990.00
I usually trade only one lot.
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God Bless & God Speed ----- OMEGAVUS
zzzzzzzzzzzzzzzzzzzzz WOWOW Nice trade after all!!
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