DislikedClosing buy trade here manually: 1.1841 Will watch while staying on sidelines for a while.. Stay GreenIgnored
MAKE IT RAIN
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DislikedClosing buy trade here manually: 1.1841 Will watch while staying on sidelines for a while.. Stay GreenIgnored
That being said I will still try to buy the swing lows. Not at 1.1828 though. Just as mentioned above, I will look to buy again around 1.1780/90 area.
Stay Green
DislikedWhen looking at my M30 chart: Highest high of today was 1.1852... the tiny first retest to achieve a new higher high failed, which keeps the highest swing low still at 1.1784 (not like many would believe at: 1.1828, that is not a swing low yet.. only after a new high it will become a swing low) That being said I will still try to buy the swing lows. Not at 1.1828 though. Just as mentioned above, I will look to buy again around 1.1780/90 area. Stay GreenIgnored
DislikedWhen looking at my M30 chart: Highest high of today was 1.1852... the tiny first retest to achieve a new higher high failed, which keeps the highest swing low still at 1.1784 (not like many would believe at: 1.1828, that is not a swing low yet.. only after a new high it will become a swing low) That being said I will still try to buy the swing lows. Not at 1.1828 though. Just as mentioned above, I will look to buy again around 1.1780/90 area. Stay GreenIgnored
Disliked{quote} I'm lost (once again). My daily chart screams 'sell'. everything is 'overbought'. but 30 min looks like it goes more up soon...? I had the 1.1784 on my chart too. but shouldn't a break rather be a reason to sell? (sorry trying to understand and learn) cheersIgnored
Disliked{quote} I'm lost (once again). My daily chart screams 'sell'. everything is 'overbought'. but 30 min looks like it goes more up soon...? I had the 1.1784 on my chart too. but shouldn't a break rather be a reason to sell? (sorry trying to understand and learn) cheersIgnored
DislikedAlright alright! Look alive 'gents! Big news today in 30 minutes. US CPI/CORE CPI. November the past 2 years has seen a tick up in CPI, and last month was the largest print since at least 2014. Judging by what we saw yesterday (a .4 print of PPI) I'm expecting an inline or better CPI print. Im sure @mbrown is leaning towards an overshoot like he was the PPI considering the expectation is a meager .1%....I'm inclined to agree. All things considered .2%-.4% is my forecast. As I'm pretty sure everyone in the thread agrees....technically this...Ignored
DislikedDaily chart: The unorthodox trendline has potential upside movement being capped at approximately 1.1880. I'm quite excited by what will transpire in 55 minutes time. 13:09 - Just to clarify a point about the H&S I posted earlier because it maybe a little misleading. The orthodox technical view is the H&S already failed at point A when the price breached the neck-line. Back in the day a breach of the neckline was relatively uncommon however in today's markets a breach of the neckline is 50/50. The unorthodox view is H&S failure is confirmed after...Ignored
DislikedNo overshoot- but inline none the less Expecting December FOMC interest rate hike no question, as will the market. Failure to hike will be a bombshell http://www.cmegroup.com/trading/inte...-to-fomc.html/ I'll check in later today- good luck all!Ignored
DislikedSo i think 1.19 - 1.1930, last point for this ride to reverse. MaybeIgnored
Dislikedjust my thoughts about what can happen; I would ignore the H/S are starting looking for a descedent channel. if it fails @ 1.1844 after the data, i will look for @1.17 if not, it's open road to close the gap @ 1.1944 i will stay out for now and make a decision after the data happy trading {image}Ignored