Moved: Martin's MOR/Control analysis

[Martin Webber]

Hello to all Academy members. Using the rules for MOR and control from the course so far, i.e. only referring to the daily and 4 hour charts for EURUSD and GBPUSD;

In the GBPUSD at around 8.00 on 4th May there was a sell opportunity at level 1.5109, based purely on the 4 hour chart, as price was below MOR, and sellers were in control.

In the GBPUSD at around 12.00 on 11th May there was a buy opportunity at level 1.5530, as price was above MOR and buyers were in control.

In the EURUSD at around 4.00 on 5th May there was a sell opportunity at level 1.1170, as price was below MOR and sellers were in control.

In the EURUSD at around 8.00 on 7th May there was a buy opportunity at level 1.1380, as price was above MOR and buyers had control.

Please let me know how I’m doing. Thanks.

 

[Rich Fitton]

Great stuff, Martin. Can you post a screenshot of a chart or two so we can see your analysis?

[Martin Webber]

Please find attached a screen shot of the sell on 4th May and the buy on 11th for GBPUSD, as described in the first post. Timings were approximate.

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[Rich Fitton]

Looking good Martin, I’ve transferred it over to the daily chart:

Early in the month (below MOR & Buyer’s control) = weak sell
Above MOR & Buyer’s control (highlighted green) = strong buy

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