I'm out.
Thanks for the company you guys.
Thanks for the company you guys.
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DislikedHey Karmos,
How did you get those price projection levels?![]()
Using Fibs? Trendlines? EMA support/resistance?Ignored
DislikedI think Karmostaji went to do something fun, not sit glued to his screen like we do waiting fo the price to drop...
But I have to say my confidence in this dropping is not that high even tough my previous analysis told me that, you guys what do you think what could hold the price for that long, is it the DOW that's rising?Ignored
DislikedYou are wrong 90% of the time, but still you keep on wasting your time..Ignored
DislikedPosted this Monthly Chart in the other thread as well. Notice whenever RSI breaches 70 a retracement occurs, sometimes even a change in trend. Every 8 to 10 years (1980, 1990, 1998, 2007) there seems to be a shake out. I know some people think that carry trades are unstoppable but something caused the major reversals in these other years. Besides, ultimately there is more money to be made in pips than in interest in any trade. What do you think? I'd be interested in comments on this chart from either a fundamental or technical point of view.
M2BIgnored
As you can see in the chart, we are in a nice triangle.. the last candle closed as a bearish engulfing which indicates strong bearish movement. Based on the daily chart, next targets might be 239.60 and 236.05
http://img151.imageshack.us/img151/1833/gjsb2.gif
You can see on the chart the price touched the 38.2% fibo level twice and fell, it couldn't break it. It's very close to it's 23.6% fibo (240.70), it will be easy to break as you see price has cut through it before several times.
http://img526.imageshack.us/img526/5355/gjst6.gif
After reaching 243.11, we got stuck in a boring range for hours, then price penetrated the 23.6% fibo but it came up again, the second attempt it took out the 23.6 and 38.2 fibo, then the market closed for the week
The 61.8 fibo of this last bull run and the daily 38.2 fibo are very close to each other, we might have good support there and it might take a little while till it breaks it.
http://img245.imageshack.us/img245/577/gjcz2.gif
Disliked1H chart:
- Fibonacci Retracement levels (237.58 to 243.11)
After reaching 243.11, we got stuck in a boring range for hours, then price penetrated the 23.6% fibo but it came up again, the second attempt it took out the 23.6 and 38.2 fibo, then the market closed for the week
The 61.8 fibo of this last bull run and the daily 38.2 fibo are very close to each other, we might have good support there and it might take a little while till it breaks it.
http://img245.imageshack.us/img245/577/gjcz2.gifIgnored
Disliked1H chart:
- Fibonacci Retracement levels (237.58 to 243.11)
After reaching 243.11, we got stuck in a boring range for hours, then price penetrated the 23.6% fibo but it came up again, the second attempt it took out the 23.6 and 38.2 fibo, then the market closed for the week
The 61.8 fibo of this last bull run and the daily 38.2 fibo are very close to each other, we might have good support there and it might take a little while till it breaks it.
http://img245.imageshack.us/img245/577/gjcz2.gifIgnored
DislikedBut how do you interpret the daily trend line that goes right between the 50 level on H1 and 23.6 on H4, and also those levels, aren't those also strong levels?
Maybe the price will range there or do you think it will fall right through to 239.7-239.6 area of those to other fibs?Ignored