Lets say..............I was here....and saw this POST........
How can I benefit from this kind of post............ ( I always do that...lol)
does his comment in his Chart make any sense to you ?
He was talking about past trade in Tokyo. And 1.027 ?????? Resistance.
Open you Chart........Plot all the SR lines.........See to find where (if) any obstacle along the way may halt price going to 1.027XXX
Why he said.1.027 ? Because there is 800EMA and ADR there, and previous Resistance.
I analyse this using 15MT. See Chart for explaination. This is what I see, when price move in Tokyo for 50 odd pips.....it's going to pull back when it hit the overhead resistance. Will return to MEDIAN
This is how I benefit from this Thread.........I don't asked question.....I seek for answer from other people posting.......... Am I selfish ? lol...
does his comment in his Chart make any sense to you ?
He was talking about past trade in Tokyo. And 1.027 ?????? Resistance.
Open you Chart........Plot all the SR lines.........See to find where (if) any obstacle along the way may halt price going to 1.027XXX
Why he said.1.027 ? Because there is 800EMA and ADR there, and previous Resistance.
I analyse this using 15MT. See Chart for explaination. This is what I see, when price move in Tokyo for 50 odd pips.....it's going to pull back when it hit the overhead resistance. Will return to MEDIAN
DislikedNature loves a balance and people instinctively understand that.
[left]As a result traders "expect" price to return to the "median" or to seek it's
"balance" though there is no "rational" reason for this other than it being a
self fulfilling prophecy.
[font=TimesNewRomanPSMT]What goes up must come down, everyone...Ignored