Could this be an ascending triangle formed by the TL and the 1.8400 psych-line? Time will tell...............
Edit: Nope. Price has broken to the upside.
Edit: Nope. Price has broken to the upside.
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DislikedWould you keep posting your charts showing us more examples of how you incorporate the 34ema into your trading?
I, for one, would find them very helpful.
Cheers for now.
(Probably won't be on again today, as I'm pretty busy elsewhere, so hope everybody has a good weekend, and I'll see you on Monday, hopefully.)
Cheers
Ignored
DislikedGood day guys! Here's a descending triangle breakout on cable. It broke through the confluence of MS3-1.8254 and psyche level-1.8250. It's currently a few pips above S3-1.8228. Let's see where this goes.Ignored
DislikedFirst price was supported by the 34 ema and MR1 line and rallied 75 pips before pulling back to the 950 level for a mini double bottom and then moving north again.
The small pull back to the 34 at FO was a nice confirmation long for the 55 pip run up to the R3 level. Now to see what the Brits do....Ignored
DislikedNice trade Islander. If you don't mind me asking, what does FO and LO mean?
Ignored
DislikedFO = Frankfurt Opening
LO = London Opening
Nice charts earlier, mate. Been a big drop since I went to bed! I've always wondered what one does when we've run out of Pivot Supports or Resistances? I've tried working them out (S4, R4 etc), but they don't seem right, somehow. I guess we'll just have to rely on psych-lines from here on in?Ignored
DislikedHere's a nice fib trade. Sold after 61.8% retracement and the lower swing high. The doji followed by the shooting star pushed price down. TP at 100% extension just above confluence of S3-1.7999 and psyche level-1.8000.
.. If cable still falls below S3 (of midnight EST settlement hour), I'm gonna run out of pivot levels.
Edit: Looks like it still is.Ignored