Quote:
Originally Posted by bmwboyee http://www.forexfactory.com/images/buttons/viewpost.gif
looking for a long at 231.80 range, should have gotten it earlier.
Aus, how soon in your opinion ??
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #14,401
- Aug 23, 2007 1:25pm Aug 23, 2007 1:25pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #14,402
- Aug 23, 2007 1:26pm Aug 23, 2007 1:26pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Thanks for your availability, the only bad thing I read about these things is that reversal doesn't necessarily represents an upward trend it merely states that the down movement has finished and may also come a ranging period, and it is also on the 30 min charts, but momentum on 4h isn't pointing down anymore so it must mean that it will resume it's up trend in some while
Yeh it's true , it doesn't mean the trend will be reversed.
But it also depend if the bullish engulfing candle appears on an old support, it also depends if it 'eats' a doji , an hammer , etc..
There are way too much things to take into consideration
I've watch a lot of dvd's from Nison , and it seems that the candle formations are working pretty fine on Futures and Stocks , but on the Forex it ain't as good as them
COT: The precious data ignored
- #14,403
- Aug 23, 2007 1:28pm Aug 23, 2007 1:28pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Yeh it's true , it doesn't mean the trend will be reversed.
But it also depend if the bullish engulfing candle appears on an old support, it also depends if it 'eats' a doji , an hammer , etc..
There are way too much things to take into consideration
I've watch a lot of dvd's from Nison , and it seems that the candle formations are working pretty fine on Futures and Stocks , but on the Forex it ain't as good as them
Trade what you see, not what you think.
- #14,404
- Aug 23, 2007 1:29pm Aug 23, 2007 1:29pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #14,408
- Aug 23, 2007 1:33pm Aug 23, 2007 1:33pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #14,410
- Aug 23, 2007 1:34pm Aug 23, 2007 1:34pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Good buy point around 232.45 I'm thinking... would you agree?
- #14,411
- Aug 23, 2007 1:35pm Aug 23, 2007 1:35pm
- | Joined Aug 2007 | Status: Senior Member | 1,798 Posts
To Live is the rarest thing in the world , Most people exist , that is all
- #14,412
- Aug 23, 2007 1:36pm Aug 23, 2007 1:36pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #14,413
- Aug 23, 2007 1:36pm Aug 23, 2007 1:36pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
I'm long since 225'ish and hoping to go till 240'ish level and then wait for the big big big down fall to 200 or below level 
...My RS, Fib. Ave., Murrey, JMA, RSIOMA, Ergodic, ZUP, are all pointing long.....my stop loss is 600 PIPS...as GJ is quite a bull
Good Luck..
...My RS, Fib. Ave., Murrey, JMA, RSIOMA, Ergodic, ZUP, are all pointing long.....my stop loss is 600 PIPS...as GJ is quite a bull
Good Luck..
- #14,417
- Aug 23, 2007 1:39pm Aug 23, 2007 1:39pm
- Joined Nov 2006 | Status: Trader | 3,112 Posts
those little numbers for the dow just do not want to turn green.
- #14,418
- Aug 23, 2007 1:40pm Aug 23, 2007 1:40pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #14,419
- Aug 23, 2007 1:40pm Aug 23, 2007 1:40pm
- | Joined Aug 2007 | Status: Senior Member | 1,798 Posts
yes a new fib level, draw a fib from the last high of 234.88 to the low of 231.67 on 30m chart
To Live is the rarest thing in the world , Most people exist , that is all
