Another way of drawing them linesBulls seems strong so far.
... Hope so Able to break upperline of acending and decending trendlines...
... 
Drawing correct resistance and support-lines
- #1,182
- Apr 8, 2008 3:20am Apr 8, 2008 3:20am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Difference Is just acending and decending lol...
... Hope so Able to break upperline of acending and decending trendlines...
Lets see if we can get more upside action if old resistance-line turn into support.
Measure twice, cut once
- #1,184
- Apr 8, 2008 4:19am Apr 8, 2008 4:19am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Hi aediaz and umairs,
Couldn't this be a bull flag too?
I was expecting more upside but market seems quiet. Seems like traders is waiting for news, like Dcb asked for.
Measure twice, cut once
- #1,185
- Apr 8, 2008 4:23am Apr 8, 2008 4:23am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
Yes, correct. Lol now we have 3 different formations
I was expecting more upside but market seems quiet. Seems like traders is waiting for news, like Dcb asked for.
- #1,187
- Apr 8, 2008 4:28am Apr 8, 2008 4:28am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
- #1,192
- Apr 8, 2008 5:41am Apr 8, 2008 5:41am
1.9736
This was the most Important Support Level & Now see its break Now In 4-Hour Chart ...
+72 Pips So Far & More is expected...
ride it well,
i'm afraid to enter now. so i wait for a good opportunity.
- #1,193
- Apr 8, 2008 7:25am Apr 8, 2008 7:25am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Measure twice, cut once
- #1,194
- Apr 8, 2008 7:32am Apr 8, 2008 7:32am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Handy Breakdown In Euro/Usd...A perfect One...
I Just came and see this... For More than +35 Pip's...
See the Screenshot...
Also, cable was falling. Breakout from currently pattern at daily should generate good movements, IMO. Lets see;
Measure twice, cut once
- #1,195
- Apr 8, 2008 7:58am Apr 8, 2008 7:58am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
Ive seen movement in geepy..
TF30.. i think its descending but i guess its better for flag... what say you people?
TF30.. i think its descending but i guess its better for flag... what say you people?
- #1,196
- Apr 8, 2008 8:12am Apr 8, 2008 8:12am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Measure twice, cut once
- #1,197
- Apr 8, 2008 8:14am Apr 8, 2008 8:14am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
I would flag it on 30m;
Also remember to combine other TF too.
Thanks aediaz!
- #1,198
- Apr 8, 2008 10:31am Apr 8, 2008 10:31am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
i second that... thats why i felt a lil bit reluctant..
Thanks aediaz!
Both cable and g/j have formed flag pattern on 1h chart. "Predicting" where price is heading is hard. But 1 way to do this on flags is measuring flagpole length (pips) and divide the amount by 2 and add it from breakout level.
Some traders would measure down-side target from swing-high inside flag but I find this method ok for my purpose.
Charts;
Measure twice, cut once
- #1,200
- Apr 8, 2008 10:58am Apr 8, 2008 10:58am
- | Joined Oct 2007 | Status: Technical Trader | 765 Posts
Both cable and g/j have formed flag pattern on 1h chart. "Predicting" where price is heading is hard. But 1 way to do this on flags is measuring flagpole length (pips) and divide the amount by 2 and add it from breakout level.
Some traders would measure down-side target from swing-high inside flag but I find this method ok for my purpose.
Charts;
...