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im in since 2720 but if i wasnt i would not enter now.. then again im not a scalper much.. that was a hell of a bounce..Ignored
Different opinions highly valued, ignorant to slander.
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im in since 2720 but if i wasnt i would not enter now.. then again im not a scalper much.. that was a hell of a bounce..Ignored
DislikedIt is actually a bear flag and has been pointed out umpteen times in the past few hours.
Don't worry, I was just toying with you.Ignored
DislikedShow me your chart and show me 'your' bear flag on this chart, 'cause I have no idea what you're talking about.Ignored
DislikedLooks like you have a nice bear flag formation there... Also visible on the daily.Ignored
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I am for real!!
Price stopped where it should!
1.2624 was the Bottom for this drop!Ignored
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DislikedLol. For me it's too far-fetched. I consider something a bear flag in much steeper down trend.Ignored
DislikedLol. For me it's too far-fetched. I consider something a bear flag in much steeper down trend.Ignored
DislikedPerhaps you should read up on some basic TA. If it does not take out the high of the move down, it is in-fact a bear flag. I prefer at most a 61.8% retrace, but it can go higher.Ignored
Dislikedmaybe you could post 2 charts describing the correct terminology for us not so well educated folks (mainly myself) which shows the difference between a flag and a penant. I have been told before that what i portray as flags in some cases are pennants and vice versa. Your observations are showing that contradiction so please....take me back to kindergarten basics in pattern recognition with 2 simple charts showing flags/pennats. Now i could google that but thats no funIgnored
DislikedFlags are a more of a channel (parallel), pennants are more of a triangle/wedge.Ignored
Dislikedyou all know my views by now on eur/usd direction for tonight but you may be wondering why no open positions (had a quick 20pip scalp only off the low). There are 2 reasons for that. 1)Before a big push nowadays in the guestimated direction pa will consolidate either at the high or the low before pa moves off in that direction. Call it the market makers building their positions at levels they consider to be cheap. 2)...We are currently consolidating in what appears to be a bear flag which does suggest a retest of 1.2625 will come before further...Ignored
Dislikedoh noes...that means 95% of my posts that showed bear flags were really pennants. sorry for the wrong terminology everyone for the past 6months...ill try to get it right next timeIgnored