This thread making me dizzy
- #17,424
- Aug 3, 2008 8:45pm Aug 3, 2008 8:45pm
Price continues to move up on... well... nothing.
.5550 sometime today.
- #17,425
- Aug 3, 2008 8:57pm Aug 3, 2008 8:57pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
1.55-1.59 range next weeks maybe
- #17,428
- Aug 3, 2008 11:14pm Aug 3, 2008 11:14pm
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
Morning people,
Looks like a retrace is indeed developing. Watch the first upper trendline of the 3h-4h channel - coming up just above 650 now. Then there's this rougue peak we had and if we pass a parallel there it's now right above 57. Currently we have a slow start but if price goes on and breaks the hourly 100 ema and sma and crosses 56 - all 3 together in a 10 pip range now, then this move closer to 650 and below it seems quite likely and then we might have to wait for a while to see if it turns and sinks or continues north nearer 57. Just my view of course.
Edit: If I might add we've crossed the diagnal parallel of the above mentioned channel which passes about the middle of it and now sitting on top of it. You can draw it if you look at previous congestion areas in the middle of the channel, it's at about 560 now.
Let's all have a great week
Looks like a retrace is indeed developing. Watch the first upper trendline of the 3h-4h channel - coming up just above 650 now. Then there's this rougue peak we had and if we pass a parallel there it's now right above 57. Currently we have a slow start but if price goes on and breaks the hourly 100 ema and sma and crosses 56 - all 3 together in a 10 pip range now, then this move closer to 650 and below it seems quite likely and then we might have to wait for a while to see if it turns and sinks or continues north nearer 57. Just my view of course.
Edit: If I might add we've crossed the diagnal parallel of the above mentioned channel which passes about the middle of it and now sitting on top of it. You can draw it if you look at previous congestion areas in the middle of the channel, it's at about 560 now.
Let's all have a great week
On the path to Enrichment.
- #17,429
- Aug 3, 2008 11:31pm Aug 3, 2008 11:31pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
well, it looks like it is headed up north from here...could be short-lived, but we definitely entered a move upwards on Friday...
- #17,434
- Aug 4, 2008 12:29am Aug 4, 2008 12:29am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
Morning finian
Posted some stuff a few posts above, don't know how good it is yet..
Posted some stuff a few posts above, don't know how good it is yet..
On the path to Enrichment.
- #17,437
- Aug 4, 2008 12:38am Aug 4, 2008 12:38am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Is everyone ready for a great week? I am ready for some profitable moves and a few positive surprises. I think everyone will pick up some dollars. Best of luck, and be careful out there.
FreeTrader
