DislikedRegarding the poll, so far nobody votes for Fibonacci Numbers. This is a surprise to me.Ignored
Fibonacci levels would be my 2nd choice.
:-)
Happy Trades,
fxstir
Trading Cartoons and Pics 2,829 replies
EUR/USD Trading Room 328 replies
Do The Trading Room 20 replies
DislikedRegarding the poll, so far nobody votes for Fibonacci Numbers. This is a surprise to me.Ignored
DislikedHello DB,
Fibonacci levels would be my 2nd choice.
:-)
Happy Trades,
fxstirIgnored
DislikedShort signals for Aud against most of currency.. What do you think?
Aud/Cad
Harami pattern at the resistance.
Attachment
Eur/Aud
Inside candle.
It should retest the broken support level
Attachment .Ignored
DislikedShort signals for Aud against most of currency.. What do you think?
Aud/Cad
Harami pattern at the resistance.
Attachment
Eur/Aud
Inside candle.
It should retest the broken support level
Attachment .Ignored
DislikedSo far the leading component is still R/S. Seems to me most people are using R/S as their major tool of trading decision making.Ignored
DislikedSo far the leading component is still R/S. Seems to me most people are using R/S as their major tool of trading decision making.Ignored
DislikedI find that r/s may be good for determining double tops/bottoms and finding retraction levels. Yet, trend lines are good at helping to figure out where a retraction may take place even in an uncharted territory - and it helps to find possible reversals (though a breach of a trendline may simply indicate a two wave retraction, rather than a full on reversal).
In the end, it is equally useful to use trend lines, fibonacci levels as well as support/resistance lines. As for time.... it should not be completely ignored. Fridays, for example, are...Ignored
DislikedAfter looking into D1 chart carefully, I'd say the Bulls are not done yet in the daily context. The daily has formed a super Doji and H4 has a hammer. This hammer is a part of the super Doji. Both are sitting on the LTL.
Sunday open may see a drop toward the TL then a move up for another Bulls' attempt to retest 1.0480x or beyond. IMOIgnored
DislikedCurrent Rate: 1.03855. China news did not prop up the Aussie. Now I may have to revisit my first instinct of Sunday open.Ignored
DislikedIf a gap down happens on Sunday open, it would mean the retracement was not completed on last Friday due to low liquidity. Is it an opportunity to long?Ignored
DislikedIf a gap down happens on Sunday open, it would mean the retracement was not completed on last Friday due to low liquidity. Is it an opportunity to long?Ignored
DislikedI'm shorting medium term - as I've mentioned before, I was never good at timing retractions and moves down/up can be very long - I'm talking daily charts. I always hated getting shorted out in anticipation of a retraction - since continuous moves always prove my initial medium term as being correct, yet losing money on the hope for a retraction never felt good. This is why these days I either only sell/buy based on my medium term projection, but never buy/sell against the projected direction.
In fact, I am hoping for aud and nzd to move higher...Ignored
Dislikedbtw, this is why the Chinese news might be ignored by the market - http://www.cbc.ca/news/world/story/2012/11/10/eu-budget-talks-collapse.htmlIgnored