Once A Trader Always A Trader.
Charts, Charts, Charts! 1 reply
Observations Of A Newbie Trader 13 replies
Bemac's GBP/USD Observations 9 replies
Rainbow Patterns/Observations 171 replies
Some Trading Observations from Dr. Brett Steenbarger 0 replies
DislikedI agree with you about price may go up first... but over all, for a little while longer, I think prices would still soon come down to my target level. I know it sounds dumb, but a train donesn't just stop on a dime... and the train has gotten going over the past week or so...
Also, I compare to the drop earlier this year... I know it may not be the same kind of move... but it sure looks like it on the charts, and as I look back over charts in so many pairs... it is amazing the patterns that repeat over and over again... ( GBP/USD daily for example )
OK, we stopped on a fib line... and you are right about maybe back u p a bit... but for me anyways... I have stopped trying to make pips on 5 min charts or even 15 min... I rarely anymore look at the 1 hour charts... I stay daily and above... so up a bit first is fine with me... That is a VERY big bearish weekly bar... price for the week retraced to the fib line... and generally on BEB price will retest the low...
Don't pay too much attention to me, I probably am the least qualified to be posting anything !!!Ignored
Dislikedhere is a very good signal to enter, even better when it happens on the dailyIgnored
DislikedI have heard about the cup, but I don't remember what is important about it... can't remember if I read something about in IGROK's book or in a Mortin Pring book... I do see the cup though.Ignored