I think if this monthly pivot pt at 243.40 breaks we may see a drop to the former resistance line at 242.70 area before it goes back up
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DislikedI think Auslanco also mentioned something about volume being an important part in his system. Don't we have low volume at this time of day?Ignored
DislikedYes. I believe he said if the price action moves on low volume, the SI can give a false reading.
On VT, I have volume with a 50 SMA added to it. The last 8 hours on 1h have been way below average volume, except for the dragonfly doji (bullish candle). I would think this could be a false bear signal on the 1h SI. Plus, D & 4h SIs are bullish. Shorting is a risky trade as previously mentioned by Karmonji.Ignored
DislikedI think if this monthly pivot pt at 243.40 breaks we may see a drop to the former resistance line at 242.70 area before it goes back upIgnored
DislikedIt's actually listed as 'Volume' in the indicator section and there is no place to set a value, it's just default.
DislikedIf bottom red lines hold we may see a rise toward thick red,blue and green linesIgnored
DislikedSorry having trouble trying to zoom it in so that it can be seen more clearly. Basicly it is a 4 hr gbp/jpn chart that shows resistance and support areas along with daily,weekly, and monthly pivot pts. Also has a 6 day rsi which in my opinion is pretty reliable which gives out sell/buy signals that correlate with a blue(buy) and yellow(sell) signal. As soon as I can make this image more crisp I will repostIgnored
DislikedYes. also add a sma to the volume window. I use 50 but there is no magic number. The SMA will let you know if it is above/below ave volume.Ignored
Dislikedhere is my analysis of GJ and its expected next movehttp://farm2.static.flickr.com/1105/...b836b65b55.jpgIgnored
DislikedI hope that you are right, for I am still holding my shorts to 242.75.
I heard that there is ascending triangle forming, and the other one said a bull trap.
Not sure what to do, now?Ignored