Man lie , woman lie , numbers don't
- Joined Mar 2008 | Status: Fooled By Randomness | 8,146 Posts
When life gives you lemons, make lemonade
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DislikedEURGBP is in the zone people ! Weekly trendline {image} Daily {image} check it out on your charts than tell me what you thinkIgnored
DislikedEURGBP is in the zone people ! Weekly trendline {image} Daily {image} check it out on your charts than tell me what you thinkIgnored
Disliked{quote}Is there such thing as "golden continuation pattern" where we can go with the current market move vs. golden levels where we're looking for a counter entry?Ignored
Disliked{quote} In an absolute perfect scenario this is exactly what would happen. In fact, in the presence of a strong trend, you should absolutely be taking a long from a previous resistance level that has now become support. In general you would let the market retrace deeply after breaking through the resistance level before taking longs from it. This is because the longer price takes to return to this level the more large orders are likely to cluster around it. Note that you might need to readjust a resistance level that becomes support (or vice versa)...Ignored
Disliked{quote} EURUSD: it's close now and looks preparing for the jump up, MA200 is there and some other factors too.Ignored
QuoteDislikedGBPUSD: a nice bounce in blue box from Fib-62 was missed on Monday. Now it's close to a good level at 1.4170 in green box to bounce up: MA200, Fib-50 and might be in sync with EU pair.
Disliked{quote} EURUSD: still sitting at the magic number 1.1265. It might be a new range boundary? - either way low or high for the next range. Quinton, may such a visible congestion be used to define future golden level? I see last year similar congestion was right below current level. In both cases (see green boxes on 2nd chart) a reversal point was 250-300 pips from congestion zone and price returned to that zone {image} {image}Ignored
DislikedRegarding main Fib levels. Quinton, you use only 50 and 61.8 Fib levels, but I saw many times with different pairs that major reversals were at Fib-76.4. See for ex. EURAUD daily chart below, Fib-76.4 reversals were in Dec-2015, then 2 times at the same 76.4 level in Jan and Feb 2016 and right now it's sitting at 76.4 of a lower scale probably going to reverse {image}Ignored
DislikedHello Quinton, can 1.4200-4220 be considered as a gold level with GBPUSD? {image}Ignored
DislikedGCAD was also a fairly obvious deal, don't trade it just noticed, since it's up 200+ points pre-market post Doha no deal. {image}Ignored