DislikedGot married recently , It's great to be back here on FF and trade the beast with y'allIgnored
life is beautiful, isnt it?
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DislikedGot married recently , It's great to be back here on FF and trade the beast with y'allIgnored
DislikedI understand you trade breakouts from previous week´s ranges, while doing this, do you wait for a candle to close above/below said level or the mere fact of price touching it is enuff confirmation to get in?
do you have a journal of your own or could you please direct me to your most important posts so I can get the details of your techniqueIgnored
DislikedGood Day,
ive been following this thread for a very long time as a visitor and i have reserved respect for the owner .
anyway i am a daily trader am if am not missing it i think the GJ would go down at lest 50pips form now on
reason
1 the current high for the day is below yesterdays high ( candystick dialy)
2 todays trading bias is down and fib retracement of 100% is a strong support, and the price looks set to challange bit agaian ( change candle sticks to line.
3 parabolic sar for hourly four shows the thrend for buys is at its weakest currntly.......
there are more reasons to this......
any comments to my current trade .would be highly appreciated
still a 3 months old foorex trader and ive managed to double my money on monthly bases with my odd methods..
regards
ngpayIgnored
DislikedGood call. Your short worked. Looking at the daily, we had a nice lower close yesterday around a visual resistance point 208. The MACD has also turned bearish. I'm putting a short order 206.25 with a 50 pip stop.Ignored
DislikedKarmo is back
Time for some simple and effective analysis
We all know that price has been in a downward channel since late 2007 and that channel was broken a month ago but on the daily chart price never came back and re-tested it. We also had a bear flag (small bullish channel) formed and this past week it was broken to the downside (see the chart). Price has also closed below the lower BB (bollinger band) , all of these indicate strong bearish movement.
Now my TP for shorts is the 78.6 or 88.6 fibo of the big move up we had from 192.xx to 209 , we also have a confluence of that downward channel that was broken a month ago and never re-tested, so that area should act as support.
WARNING! the beast may do anything so be careful
At the beginning of the week we might have a small retracement up towards the 38.2 or the famous 50 before it resumes downwards.
Now let's go to the Daily QQE and the gann, price has closed below the gann and the QQE has crossed down, I'd assume we will have a daily 5sma retrace before resuming, and that should coincide with the 38.2 or 50 fib level, we'll know for sure once the market open so keep your eyes open
Ignored
DislikedWelcome back Karmo.
It's great to have your analysis back on-line. It has been missed.
JimIgnored