DislikedI see what you are saying as that one is contrived where as one on top seems quite legitimate.
But what about:
http://www.forexfactory.com/attachme...1&d=1358758220
...Ignored
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DislikedI see what you are saying as that one is contrived where as one on top seems quite legitimate.
But what about:
http://www.forexfactory.com/attachme...1&d=1358758220
...Ignored
DislikedThis channel may not be sustainable. I have come to realize the reason behind the failure of a bullish channel or flag. It is because the EWC was not conforming to the preset market paths.Ignored
DislikedThere are three ways to look at this retracement either from the point 1.0345 , 1.0395 or 1.0469. I'd prefer to use 1.0345 at this point.Ignored
DislikedMy rationale is that this is a major retracement before a thrust to the upside beyond 1.0600.Ignored
DislikedMy rationale is that this is a major retracement before a thrust to the upside beyond 1.0600.Ignored
DislikedSo would 38% qualify as a major retracement? Or would you need more?Ignored
DislikedIMO 38.2% is a minor. The issue now is that this Fib line was broken last week. I was looking for an upward move before Sunday Open. Then the market has revealed more clues to us since then. I would change my view and positions accordingly. This is not saying that I am correct but only to share my opinions.Ignored
DislikedThe BIG BEAR SCREAMS (DB is right - major major major downside correction coming) 38% = 9100 area and 50% = 8500 territory. The COT commercials (the BIGGEST boys of all are selling the hell out of the AUD) They will eventually prevail - they always do.Do those low numbers sound impossible? Think again. Look at your longer term charts.Ignored
DislikedRight that is what I figured you meant.
50% would bring us back to bottom of support zone. 61.8% would be pb zone of first big move.Ignored
DislikedHey Chik, I do have some reservations about your assessment. I agree the Aussie will be heading to the direction you just pointed out. However, the timing may be too soon in you end. I am looking for a new high before your scenario plays out.Ignored
DislikedCould be deeper. A bull has to fall to the ground and dies before he can gain a new life........Ignored
DislikedThe BIG BEAR SCREAMS (DB is right - major major major downside correction coming) 38% = 9100 area and 50% = 8500 territory. The COT commercials (the BIGGEST boys of all are selling the hell out of the AUD) They will eventually prevail - they always do.Do those low numbers sound impossible? Think again. Look at your longer term charts.
http://www.forexfactory.com/attachme...1&d=1358783682Ignored
DislikedHey Chik, I do have some reservations about your assessment. I agree the Aussie will be heading to the direction you just pointed out. However, the timing may be too soon in you end. I am looking for a new high before your scenario plays out.Ignored
DislikedThis is the daily chart as of 01/18/13.
Based on patternology, two implications can be visualized:
1. Yellow = Yellow implies next upward move.
2. Cyan = Cyan implies next downward move.
http://www.forexfactory.com/attachme...1&d=1358613922Ignored
DislikedChik, your big bear has to clean up his teeth at a dental office...Ignored