moning guys!
is this a good 'rising wedge' pattern on GJ right now?.. tf H1. can u guys give your opinion or say something abt this?
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: Well, since i already up, i might as well have a look on today's GJ chart. Triple interest wednesday , swap taking day, we will c more action today, profit making or maybe lose more. Today we might c a bull GJ again as more ppl will opt for long, but i wouldnt bet on big bull, i think it will consolidate around area 213.50-213.90. Chances of going down 209.00 area is very high.
Hi nasi lemak, so earlier! I wouldnt have wake up if not for my kid .
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Hi Savant,
I have been following every of your posts especially the pivot that you always give.I use it to compare mine and i must say it been great using PP with you.You actually encourage me to start using it.
So pls i always want to know your next move:whether to S OR R.
Thanks.http://forexfactory.com/images/icons/icon14.gif
moning guys!
is this a good 'rising wedge' pattern on GJ right now?.. tf H1. can u guys give your opinion or say something abt this?
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nasi lemak,
the drawing of the triangle just does not seem right, just a feeling. it is a short term uptrend and down a little bit. so shouldnt we start from the start of the top rally, connecting all the tops and all the lows to form a trianglemaybe draw too soon? anyway, triangle is one of the most common patterns and normally considered as least reliable because it can be signal continuing of trend and can be reversal. the furthest a triangle can break away, maybe one half or 2/3 of the distance of the top (start/highest) to its bottom (apex). failure of significant break will make it a horizontal consolidation. maybe you can draw a line (similar with your wedge bottom line), make it a channel if break maybe worthwhile targeting the upper channel . but i think maybe too soon to draw a triangle. maybe i am wrong.
Just a view.
As for NU, we could see it moving around the 0.7700-0.7800 range. Possible of going up till 0.8000?
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sorry, after re-think, i made a correction. maybe i am wrong again. get myself confuse
. thanks for commenting abt the chart i posted earlier. Hi and welcome ZA_XC03. What a name! Anyway ,what i can say is there is really no best indicators, there r only indicators that u used often and get use to them, so practice makes perfect. Try using simple indicators like RSI, CCI, Stoch or Momentum which all are available n come with your metatrader. Im sure many other members here can help you out too. Dont worry, keep asking anything u want, we will be glad to help u.
Thank you for your reply ..... but all indicator is lagging that can make me late to enter market and i can lost some of my money .....do you thing trend line is the best of TA to measure market strength
hehe savant my friend, i already pick a nzdusd long yesterday and still holding it. but still not moving much.
Anyway ,got to becareful when NU reach 0.8000, they seldom go over that point and NZ gov mostly will hold back the raise of their currency.
