Dislikedit has come to my attention yet again that i am fully misunderstood. i realize most of you are much older then i am and probably are thinking who is this 22 year old with one year experience in forex and 1200 posts in one month and who does he think he is? always talking like he has all the answers and knows all possible outcomes and every time you list your own personal opinions he comes back with some comment to make your observation seem meaningless. the greatest forex analysts in the world are struggling to understand this market and this punk thinks he knows it all. i understand why you would feel insulted especially if you have been trading currencies for a long time, and are twice the age this 22 year old is. i probably would feel insulted myself. but i truly hope you all understand this. i believe i was born to do forex. the way my mind works with my psychological attributes make me the perfect candidate for this job. i believe just like it was manifest destiny for early americans to cover this whole continent, i believe it is manifest destiny for me to become one of the greatest currency traders ever born. combine my age with my idea of who i am, i feel no remorse in listing my own opinions even based on what you say. but do not make the mistake of thinking i am insulting you...i am merely giving my interpretation because after all this is a forum and in forums opinions are listed and opinions can be wrong or right. you do not have to consider my opinion if you dont agree with it just like i may not consider yours. call it just an exchange of ideas.
dedicating my life to forex for now until i get off the ground has made me have no social life. i post so much because all i do all day is trade and sleep...it gets lonely and thats why i consider you all my friends and talk to you all just like you would be my friends. this means a 22 year old talking to someone 40 + without taking into account the respect someone my age should give someone your age. this causes misunderstandings i just hope you realize now there is no harm intended.
on another note.
i took the past 6 hours to think about why after the last small bull rally this pair went south so quick but not much lower. i then came to a brilliant conclusion...one that i wish i would have noticed sooner. we are in bear territory. we have been since 1.6. what this means is there is a common candlestick pattern that one must always be aware of. its really candlesticks 101. in a pattern, 3 candlesticks going in the same direction suggest a rally in that direction...momentum just picking up. currently we have been going down since august. the daily candlesticks shows this clearly. very rarely has it happened that 3 candlesticks are bullish in a row as that would suggest the start of a bull rally. which brings us to this week. 2 candlesticks closed bullish even though there was huge spikes. the third candlestick which just recently closed HAD to be bearish to not let anyone assume we are entering bull market. which is why i would not be surprised if this daily candlestick is a full bull candle and closes above 1.38Ignored
I agree we may see .38 or even .40 before the next wave down.
as long at 344x area holds.
30m, 1H are both OB and looking to head up.
4H is also breaking back above the 50.0 on the RSI.
A 1H and subsequent 4H close above 3633 and we see 3774 for sure.
A bounce at 38xx and we make the next move down, a break of 38xx and we move up towards .4000 before next correction wave down.
just my quick .02
People take web forums WAY too seriously.........
back to work... Ms Applegate's back on set.