a dozen of last m15 candles strugling to close above 50% of the down channel. Make-or-break moment comming..
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EurAnalysis Kindergarten 24 replies
Disliked50% rule is just a part of the context. There are many levels which are preferable for bulls or bears..Many talk about 2750 - if we close below that - some panic selling may occur..
All depends on the bastards now... My guess is that in friday some of the big-ass E/U longs may be closed to prevent exposure to possible Spanish or Greece related weekend risk events..Ignored
DislikedLooking at my monthly chart 2750 will still leave the option open for me although a strong PB would suggest bearish but with the higher time frames direction can either be taken early or as in this case late in the month. I'm sure next month will prove to be very interesting times...Ignored
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...If you put charts E/U, A/U, G/U, USDX, etc each on one screens the correlations are there. They don't move at the same time. But to get 20-30 pips are still possible.Ignored
DislikedKen remember you did ask.
... Since i do not for a moment believe that the Euro/USD is a freely traded pair but is highly subject to intervention to artificialy keep it elevated, on that premise asked myself what does an intervention do to other Euro based pairs. So i started to bring up other pairs such as the EURO/CAD in the same time frame (15 minute bar) just to see what happened. I started to notice that during the reversals from down to up in the EURO/USD there were many times when the down leg should have continued but simply stopped for...Ignored
DislikedKen remember you did ask.
We all have our own theories about why price does what it does. One thing i look for is repeat events. Think it makes trade sense because if something happens enough then when a situation sets up you have a decent idea what are the results.
This morning before it happened i made a post about what the outlook for today might be. Since i do not for a moment believe that the Euro/USD is a freely traded pair but is highly subject to intervention to artificialy keep it elevated, on that premise asked myself what does an...Ignored
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DislikedEU... Started @ Price 1.2836 it's Time go UPWARD
NOTICE :
For Anyone who interest with my (ALL) MT4 Indicators in my Chart.
I shared & found in HEREIgnored
Dislikedthanks for share but how to use it?
seems interesting, how can you op, sl, tp with that much indicator ??Ignored