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User Time Action Performed
  • EURUSD – Enters Correction as Resistance Broken

    From marketpulse.com

    The euro failed to hold on to early gains against the dollar yesterday and extended its losing streak against the dollar to four sessions. But that doesn’t necessarily mean that any consolidation or correction has already played out and today’s price action supports this. Of course, it’s easy to say at this now, with price today having already taken out yesterday’s highs and still trading above them. But there were warning signs prior to this. Yesterday’s candle represents indecision and while it’s regarded as being more bearish than bullish, as the bulls were unable to hold onto gains, it does require ... (full story)

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  • Comment #1
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  • Jul 21, 2015 2:48pm Jul 21, 2015 2:48pm
  •  Alexeii
  • | Commercial Member | Joined Oct 2012 | 594 Comments
Seriously - what a bunch of crap, These articles always tell you the obvious that you have seen already on your chart, but with another 255 unnecessary lines and indicators on the chart. And they always talk in that matter so sophisticated, which could be explain with a two simple sentences.
Once a guy called me on the phone, trying to catch me as a fish and potential client for his broker. He insisted, tried to explain to me how a good buy is the apple stock at the moment(2 months ago). He even send me an email with some technical analysis, to convince me again in his theory. I am serious if you see those charts -they were looking like fakin Star Destroyers construction plans from Star Wars, with some triangles and idiotic lines all over the chart, that you even forget at what you looking after 5 seconds in the first place.
When I downloaded the images form the mail and look at it, I laughed my ass off, could not stop laughing for half an hour. I even dropped a tear or two from laugh.
Funny stuff. Only of I could post them for you to see, i am sure you will do the same thing I did
 
 
  • Comment #2
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  • Jul 21, 2015 2:52pm Jul 21, 2015 2:52pm
  •  gc44
  • | Joined Apr 2015 | Status: Member | 517 Comments
should be called the marketflatliners as I don't even think they got a pulse today
 
 
  • Comment #3
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  • Jul 21, 2015 4:37pm Jul 21, 2015 4:37pm
  •  Russell412
  • | Joined Dec 2010 | Status: Member | 26 Comments
I took advantage of the of the support @ 1.0818. In a little early but worked out fine. Should I try to sell my complicated system? lol I may miss some trades but it's support and resistance for me. That's all I trade.
 
 
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  • Story Stats
  • Posted: Jul 21, 2015 2:37pm
  • Submitted by:
     craigoanda
    Category: Technical Analysis
    Comments: 3  /  Views: 2,573
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