in the forex factory of course..but understanding the fundamental this impact happens during the last 3 hours before the market close// see its happening as i said!!
Play it HarD*
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DislikedCarefull with shorts now, as stocks don`t really seem to follow this.... they did go a little lower but not by much.Ignored
Disliked6468 is also a possibility on my chart. Above 65 would most likely negate my count.
I've moved my original target of 6380 to 64 as price action is strong. My wavecount also suggests that there's a bit more room on the upside.
I'm out for a few hours now. Happy trading and good luck.Ignored
DislikedWell I missed my 64 target while I was out and managed to get out at 6350 instead when I got back. Serves me right for not sticking to my plan and for being greedy.
Good news is my previous wavecount remains intact so there is still scope to continue south to break the trendline from here.
I'll join the shorties as soon as there's a good entry. See you later.Ignored
DislikedThank you!
Does anyone know why the sudden move down?
Except the excelent oportunity to get some good scalps.
I`m guessing it`s about what Geithner said but i`m not watching that... Euro took a harder fall...
I`m keeping fingers crossed, maybe he will say something like the time he said another reserve currency is a good ideea and the market did a 500 pips jump up in 20 minutes...
But anyway stocks are still refusing to go lower... S&P is playing with the daily R1 for the last 20 minutes....Ignored
DislikedAlso look at the hourly candle now.... not your short friendly candle right now...
Also S&P move a little higher....Ignored
DislikedWould you look for a long here, based on the bullish 1hr candle that just closed?Ignored
DislikedYes i saw the bounce .. there is a 50% fib the other way at the 6350 area.
Compare the up move and then the sell off. Which had more meat to it?
I must admit, the triangle pattern signals consolidation and faovrs a break higher. Based on the price action though and the new low of the 4-hour, I am bearish.Ignored