Nose diving. Is there any divergence to describe this ?
M20
any similarity with this one:
M20
any similarity with this one:
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
- #7,744
- Edited 6:44am Jan 3, 2018 6:28am | Edited 6:44am
- Joined Oct 2017 | Status: Trader | 3,500 Posts
- #7,746
- Jan 3, 2018 6:31am Jan 3, 2018 6:31am
- Joined Jan 2016 | Status: back to the lab again | 425 Posts
An important update on the scan today. I actually ran the spell checker... ugh. Progress???
The EUR/USD is getting back into the trend-zone. It has room to move lower and some momentum behind it, but it's going to lose some of the broader index drag which has pulled back to completely neutral territory. Unless a fundamental jar triggers the Index lower, the EUR/USD is likely on its own here. Probably worth noting that this small sell-off has also pushed it slightly below it's oscillator support band (orange line on the chart). Price action on the whole doesn't typically spend a lot of time outside of those areas unless strong fundamentals are in play. - JP
The EUR/USD is getting back into the trend-zone. It has room to move lower and some momentum behind it, but it's going to lose some of the broader index drag which has pulled back to completely neutral territory. Unless a fundamental jar triggers the Index lower, the EUR/USD is likely on its own here. Probably worth noting that this small sell-off has also pushed it slightly below it's oscillator support band (orange line on the chart). Price action on the whole doesn't typically spend a lot of time outside of those areas unless strong fundamentals are in play. - JP
When you hit 50, coffee becomes part of a proper modeling pipeline.
- #7,748
- Jan 3, 2018 6:46am Jan 3, 2018 6:46am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,060 Posts
Nose diving. Is there any divergence to describe this ? M20 {image} any similarity with this one: {image}
- #7,749
- Jan 3, 2018 6:47am Jan 3, 2018 6:47am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
Nose diving. Is there any divergence to describe this ? M20 {image} any similarity with this one: {image}
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A little beginner trader since 2006
- #7,751
- Jan 3, 2018 6:50am Jan 3, 2018 6:50am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
A little beginner trader since 2006
- #7,752
- Edited 7:05am Jan 3, 2018 6:55am | Edited 7:05am
- Joined Oct 2017 | Status: Trader | 3,500 Posts
- #7,754
- Jan 3, 2018 7:03am Jan 3, 2018 7:03am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #7,755
- Jan 3, 2018 7:05am Jan 3, 2018 7:05am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #7,757
- Jan 3, 2018 7:09am Jan 3, 2018 7:09am
- Joined Jan 2016 | Status: back to the lab again | 425 Posts
please translate this: {quote}
I know my stuff gets pretty wordy and the analysis can feel a little complex, especially given some of the uniqueness of the CS. I do think though as you read it and watch the charts and the scan itself over time, you'll find it makes more sense (be sure to follow me here so you can see all the updates - exposure to the analysis and watching the subsequent price action, whether I was right or wrong will help a lot I think).
In the near future I'll be launching a companion site to the scan that will try to clarify things a little, break each component down into easy to understand terms so you can see how they might help you in your own research and analysis. That project is actually getting pretty close to launch.
The site will also go into pretty excruciating detail on the back-end stuff (data-set and model construction, programming stuff, etc.) but that won't be of much interest to the average CS reader. It's more about establishing a basis for the quality of the scan and showcasing a skill-set that will hopefully get me into an FX related job somewhere. - JP
When you hit 50, coffee becomes part of a proper modeling pipeline.
- #7,759
- Edited 7:59am Jan 3, 2018 7:22am | Edited 7:59am
- Joined Oct 2017 | Status: Trader | 3,500 Posts