Next target looks to 228.76, then 230's. . .
If it breaks above 228.40 stops will be triggered above.
If it breaks above 228.40 stops will be triggered above.
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DislikedKarmo,
are u using the normal ZUP67 indicator with default settings ?
or that one is different..?
thanks in advanceIgnored
DislikedHi friends,
Sorry to ask an irrelevent request.but I was wondering anybody has
"Parabolic Sar" indicator for MT4 with sound and E-mail alert or give me the linke to download it?
Regards
MikeIgnored
DislikedNext target looks to 228.76, then 230's. . .
If it breaks above 228.40 stops will be triggered above.Ignored
DislikedIMO a good retracement is due before we go any higher unless the DOW goes nuts n rallies like no tomorrow. I'm expecting the DOW to have a bit of sell-off by the end of the session.Ignored
DislikedI've got zup69 with the default setting, I saw people using v71 recently but haven't checked it out yet.Ignored
DislikedRisky game you're playing there gentlemen, trying to pick tops, especially on a Wednesday. I wouldn't make a habit of it.Ignored
DislikedJust closed my long at 100sma and R1
I opened a short now, the bearish pattern has just completed.
Enjoy.Ignored
Dislikedhia ll new and trying to learn thank you all for this thread! here is part of an article posted on yahoo finance :
12:00 pm : Stocks have rallied, as comments from a Fed official overshadowed some bearish mortgage news. At midday, the stock market is trading slightly below its session highs.
Federal Reserve Vice Chairman Donald Kohn helped fuel the rally after he said the Fed must be "flexible and pragmatic" in policy. That suggests he leans towards cutting rates at the Dec. 11 policy meeting.
so my question is this? rate cut was not expected until today but the markets have "priced in a USA rate cut in december..... what will happen to USD and gpb if there is actually a rate cut and what will happen if there is not a rate cut in december? what will happen to gpb/jpy? today it seems they are indicating a cut and geppy is rising like crazy? can someone explain the logic here?Ignored
DislikedHey Karmo...
I've been reading that once a harmonic (Butterfly) wave completes and price reverses, it's usually good for a 61.8 fibo retrace. I use the word "usually" as I realize there are other factors that may prevent this from happening.
Based on a 61.8 fibo retrace, that would take price down to 244.50 area.
Any thoughts on this?
Thanks for all you do in this forum. It's great stuff!
Cheers,
PiPsAddictIgnored
DislikedI'm looking to see a stall at 229, maybe even a bit earlier. There are a few reasons for this, but the main reason is that this is a solid area of resistance. I'm not entirely sure as to what price should do at this area, maybe retrace or reverse. Time will tell, I guess.
229.20 could be a top for now. If I see a reversal signal at that point, I plan on shorting. Just as Karmo said earlier, I think we at least need a retracement, which could supply us with a fairly good trade.Ignored