Who's betting on Euro bouncing up?
Attached Image (click to enlarge)
- #14,661
- Feb 26, 2018 9:09am Feb 26, 2018 9:09am
- | Membership Revoked | Joined Aug 2017 | 2,302 Posts
- #14,663
- Feb 26, 2018 9:12am Feb 26, 2018 9:12am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
My Intraday Outlook. (ahead London) The Monthly_Pivot 1.2288 held and today EUR/USD is up to 1.2327, the new Weekly_Pivot. Maybe range until Draghi... Intraday resistance: - 1.2327 (Weekly_Pivot) ; 1.2350-60 Intraday support: - 1.2288 - 1.2300; 1.2260; 1.2220 (Weekly_S1) My Intraday Trading: Although Asian session bullish, I'll sell the Weekly Pivot 1.2327 for 15-20 pips Then I'll buy 1.2288-1.2300 towards 1.2400 Have a good trading day, you all! {image}
Member
- #14,664
- Feb 26, 2018 9:16am Feb 26, 2018 9:16am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Let the institutional traders read carefully 
...then we might have a bias 
...then we might have a bias 
Member
- #14,665
- Feb 26, 2018 9:17am Feb 26, 2018 9:17am
- Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts
Here's what I am watching. Draghi just providing the excuse for the move up to .2450
- #14,666
- Feb 26, 2018 9:22am Feb 26, 2018 9:22am
- Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts
This Daily still applies.
Four Hour Pattern should repeat...
Four Hour Pattern should repeat...
- #14,671
- Feb 26, 2018 9:30am Feb 26, 2018 9:30am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
- #14,675
- Feb 26, 2018 9:36am Feb 26, 2018 9:36am
- Joined May 2017 | Status: Trader | 2,047 Posts
{quote} Maybe Mario is busy with mushrooms at the moment....
- #14,676
- Feb 26, 2018 9:39am Feb 26, 2018 9:39am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
- #14,677
- Feb 26, 2018 9:42am Feb 26, 2018 9:42am
- Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts
{quote} those are two different patterns on the 4 hour :/ 1st is a bullish broadening bottom, 2nd is a bearish pennant
But I tend to think that patterns in these markets repeat.
{quote} Thanks.
you should look into getting a book titled "Encyclopedia of Chart Patterns (second edition) by Thomas N. Bulkowski"
easily the greatest book ive ever read. its my bible and i keep it open each time i trade. practically hands you amazing setups once you learn the patterns
- #14,679
- Feb 26, 2018 10:08am Feb 26, 2018 10:08am
- Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts
{quote} those patterns you highlighted all have names and very specific statistics relative to their likely direction
- #14,680
- Feb 26, 2018 10:11am Feb 26, 2018 10:11am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} those patterns you highlighted all have names and very specific statistics relative to their likely direction
I am in and running with the bulls again
1.2288 st/los is me