DislikedAin't nothing until you spend a couple of days watching the Eur/Chf. 15 pip range for the last two day with a couple of spikes extending it to a 30 pip range.
Going crazy here.Ignored
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EurAnalysis Kindergarten 24 replies
DislikedAin't nothing until you spend a couple of days watching the Eur/Chf. 15 pip range for the last two day with a couple of spikes extending it to a 30 pip range.
Going crazy here.Ignored
DislikedJPY weakening around all major currencies so may be some news is about to come (just a thought)Ignored
DislikedItaly To Provide €23.5 Billion In IMF Cash To Bailout Italy
http://www.forexfactory.com/news.php?do=news&id=337445
I think I will take a loan out from myself so I can make some interest on me when I pay me back. That thought is just as rational as that headlineIgnored
DislikedHow are you bro..? I know you are busy these days because of your project or job regarding 'Philips'.But keep posting bro because i learned these trend lines and I am still learning from you and Goldman.
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DislikedFor those who don't know (most probably do) this is a price compression. These dips on the way up are absorbing demand and usually mean a clean move south. This happens when price is near a critical level like it is now.
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Disliked... And this is what gets me. If you've traded stocks, this is a continuation pattern, not a reversal. See StockCharts for details (and also the Encyclopedia of Chart Patterns) ... http://stockcharts.com/school/doku.p...ing_triangle_c
Forex seems to be backwards to all the standard stock patterns!
Sheesh!Ignored
Dislikedbut it is a continuation pattern. We're in a downtrend Just kidding of course.
Yes you are correct. Everything I have learned about chart patterns says that price should break to the upside. It actually does sometimes but we in Forex call it a failure when it doesIgnored
DislikedFor those who don't know (most probably do) this is a price compression. These dips on the way up are absorbing demand and usually mean a clean move south. This happens when price is near a critical level like it is now.
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DislikedDadeda..... umm.. here we go. If price moves up and the compression is falling down then that is a sign of a continuation. If price however moves up and the compression also moves up it is a sign of a reversal.
I posted this pattern the other week at supply and we got a reversal and a retest then that fat fall.
Not saying it's going to happen, just sharing my knowledge in context.
https://sites.google.com/site/rtp505...s_diag_001.gifIgnored
Dislikedbut it is a continuation pattern. We're in a downtrend Just kidding of course.
Yes you are correct. Everything I have learned about chart patterns says that price should break to the upside. It actually does sometimes but we in Forex call it a failure when it doesIgnored