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- EllisParrish replied Apr 16, 2015
Hi Noob, Thanks for your observation. I have attached what I was viewing at the time I posted the comment. The pink line was my 200 SMA and the Fibonacci was above it. I am using TS software.
- EllisParrish replied Apr 16, 2015
On a 5 minute chart I see it currently holding at the 200 SMA line which is at 1.0693 support. Above is the 1.072 38.2% Fibonacci resistance line, its in a tight trap A break below gets to 1.064 a 23.6% Fibonacci support line or about the 200 SMA ...
- EllisParrish replied Mar 27, 2015
8/12/13: 2 pips and 6/11/12: 2 pips are examples...
- EllisParrish replied Mar 12, 2015
Will short once the cycle clears above 1.0619
- EllisParrish replied Feb 25, 2015
No gap, Not on TD Ameritrade or AXI MT4 Heiken Ashi
- EllisParrish replied Feb 20, 2015
Agreed...
- EllisParrish replied Feb 20, 2015
Todays most important trading Euro lesson: Never trade without a stop. Todays second most important Euro lesson: When trading under the anvil of a possible currency collapse, never get comfortable, move away from the anvil landing area
- EllisParrish replied Dec 10, 2014
Funny thing now all these pairs are trading flat: u/j- g/j- a/u- u/cad- a/j- e/j Which one will break out stronger? G/U Pushing upward N/U almost a pennant after large rise E/u like a small arc
- EllisParrish replied Dec 4, 2014
Agreed, watching with patience...
- EllisParrish replied Dec 3, 2014
Some stats to go along with the Rising Wedge - In 82% of cases, there is a downward exit - In 55% of cases, the rising wedge is a reversal pattern - In 63% of cases, the target of the pattern is reached once the support broken - In 53% of cases, a ...
- EllisParrish replied Dec 3, 2014
It looks like Geppys calls on price action were spot on, congratulations. I like this pair but trading them has been a roller coaster for me. I would assume smaller contracts and longer trades, as mentioned, might be the best way to trade it.
- EllisParrish replied May 23, 2014
image Happier new member ?
- EllisParrish replied May 23, 2014
image Based upon the triangle formed above on a 4 hour chart: A break out occurs when we exit up through about 171.71 or so and will meet resistance at about 172.50 which has been a resistance line for about 4 weeks if not more, it could continue ...
- EllisParrish replied May 6, 2014
Since about 15:15 I have G/J trading in a range on a 15 minute chart between an upper 200 Day EMA of 172.33 and a lower 100 Day EMA of 172.25. Therefore a strong break out above 172.33 may go to 172.60 or below 172.25 thru 172.09 image to 171.80
- EllisParrish replied May 2, 2014
Agreed...All week the big data announcements have been met with instant reaction and then they all fade away and do not peruse their initial direction with any sort of strength. . I would say that maybe with all the FMOC announcements of Japan and ...
- EllisParrish replied May 2, 2014
The percentages are higher that the ascending triangle breaks up more than down.
- EllisParrish replied May 1, 2014
Observation: An ascending triangle has formed from 4 am CST today on the G/J 30 minute chart. Top resistance is 172.90 Bottom support is about 172.81 @11 pm Due to the structure of the triangle, sometime between 11 PM and 3:30 am CST, keep an eye ...
- EllisParrish replied May 1, 2014
"Coiling" As I was just looking at the 30 minute and 1 hour charts, the G/U and U/J Bollinger Bands are again narrowing. The more narrow they compress the moving averages the bigger the explosion or un-coiling if you will. Last night It happened 2x ...
- EllisParrish replied May 1, 2014
image Before Wednesday we had two pennants one broke up and one broke down With formation of the ascending triangle we have seemed to form an up trending S/R channel That, with no real strength, my opinion, broke us up and out over to new support ...
- EllisParrish replied May 1, 2014
Again we get no where fast...