{quote} Slight problem for a bounce now ,closed below the lower tgt from Last quarter inverted H & S pattern ,,,,,,, in between the ext levels from top range but 3 month tgts take precedence over them ,,,,If I do the ext on last 3 day range lower tgts put it working towards 21,, You have the 200sma from 4 hour real close ,, its been touched actually (rough monthly price average ) Looks like it will poke below that ,if it does it will get used for resistance once . Think the sharks took their profits then started selling the highs ,, Qr1 the daily...
caution needed please folks, IMHO
{quote} As we can see the close was above the 38.2 fib, suggests bullishness and a possible bounce to 1.1230 area, (i will be looking for a short around here) last candle closes above opening price and suggests bullishness, Lower high lower low with the last candle suggests bearishness, lower volume on previous days volume suggests weakness to the up side, moving averages are starting to turn down suggests bears are sniffing around, Stochastic and the rsi are looking like they are about to consolidate. All up this is messin with my head man,your...
{quote} Ah it will get sorted out man ,,,giving up 2 weeks of gains may mean the bears are doing a little more than sniffing ,,,,,, the mkt will do what it does ,,,,,have a mixture of what it may do along with a reaction plan to what it actually does ,,all the predicting over a weekend can be changed completely with the 1st few hourly candles even ,,,,,,, ,step away from the charts for a few hours lol,,,,cheers man
Trading has torn my heart into pieces, Today. All profits gone, seems I can't get anything but losers for the last three weeks. Today been the capitulation of my beating. Three months worth of work, gone. I hate the Eur/USD and trading.
