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  • #128,201
  • Aug 4, 2009 8:47am Aug 4, 2009 8:47am
Quoting SWTRADE
The reason i mentioned it was because if the line is invalid, then any signal given by any of the lines would more than likely also be invalid (even the retest). But your new pitchfork seems right from what you say.
ah, but it keeps you from entering long until the retest, that's gold baby. Knowing when and why to wait is half the entry. Also, sometimes the market drops back into the old channel, which I don't think will happen with this one.
  • #128,202
  • Aug 4, 2009 8:49am Aug 4, 2009 8:49am
Quoting predictable
i'm just confused..
"SOMETIMES" that was not happened like we predict it before.
That's fact of life (Forex), sometimes it stinks, sometimes it reasons the other way, sometimes there's no correlation.

But seriously, I would suggest do not look too much at these correlations.....
Don't be a hero. Don't have an ego. Always question yourself
  • #128,203
  • Aug 4, 2009 8:49am Aug 4, 2009 8:49am
Nice fight at 5 mins chart. Every next candlestlick has its high 1-2 pips lower than the previous one.
"I know one thing, that I know nothing." Sokrates
  • #128,204
  • Aug 4, 2009 8:51am Aug 4, 2009 8:51am
Quoting Tom_D_Trader
Nice fight at 5 mins chart. Every next candlestlick has its high 1-2 pips lower than the previous one.
It's called a "triangle"
Don't be a hero. Don't have an ego. Always question yourself
  • #128,205
  • Aug 4, 2009 8:52am Aug 4, 2009 8:52am
Quoting gatorinla
ok lets suppose your right... guess who follows the minute after? quit believing the bs..
much prefer the new pic.
  • #128,206
  • Aug 4, 2009 8:55am Aug 4, 2009 8:55am
Quoting USD-Bear
It's called a "triangle"
Then the false breakout on the upside, then the real breakout on the downside, not to be trusted those Americans.....
Don't be a hero. Don't have an ego. Always question yourself
  • #128,207
  • Aug 4, 2009 8:55am Aug 4, 2009 8:55am
Quoting USD-Bear
That's fact of life (Forex), sometimes it stinks, sometimes it reasons the other way, sometimes there's no correlation.

But seriously, I would suggest do not look too much at these correlations.....
yea that is the fact of forex.

what gonna happen in next 20minutes anyway?
another bounce?
after that , move to the south xP
  • #128,208
  • Aug 4, 2009 8:56am Aug 4, 2009 8:56am
Quoting USD-Bear
It's called a "triangle"
I know, we are heading to the end of it. Mine has already been broken down once and thats why I am shorting.
"I know one thing, that I know nothing." Sokrates
  • #128,209
  • Aug 4, 2009 9:03am Aug 4, 2009 9:03am
And now break up. Looks like a "obvious" way where to go.
"I know one thing, that I know nothing." Sokrates
  • #128,210
  • Aug 4, 2009 9:08am Aug 4, 2009 9:08am
is anyone else still bearish, or is it just me?
  • #128,211
  • Aug 4, 2009 9:10am Aug 4, 2009 9:10am
hmmm... no big move. will be playing the waiting game again. me so bored.
  • #128,212
  • Aug 4, 2009 9:11am Aug 4, 2009 9:11am
Quoting SWTRADE
is anyone else still bearish, or is it just me?
Most probably the majority are holding long positions as the general trend has lately been on the up side.
  • #128,213
  • Aug 4, 2009 9:12am Aug 4, 2009 9:12am
News came positive for us
  • #128,214
  • Aug 4, 2009 9:13am Aug 4, 2009 9:13am
Quoting SWTRADE
is anyone else still bearish, or is it just me?
I am with you for a rebounce at 4340
"I know one thing, that I know nothing." Sokrates
  • #128,215
  • Aug 4, 2009 9:14am Aug 4, 2009 9:14am
every good news from US taking EURo higher...strange to find out this effect...any body have any idea whats going on? why this happening?
  • #128,216
  • Aug 4, 2009 9:17am Aug 4, 2009 9:17am
Quoting Alihuzaifa
every good news from US taking EURo higher...strange to find out this effect...any body have any idea whats going on? why this happening?
Good news -> less risk aversion -> weaker dollar
Don't be a hero. Don't have an ego. Always question yourself
  • #128,217
  • Aug 4, 2009 9:18am Aug 4, 2009 9:18am
Quoting ashlee_17
Most probably the majority are holding long positions as the general trend has lately been on the up side.
I think so ,it should breakout upside at the end ,my tp 1.45. but now I am closing all positive trades & retake only longs again at lower level ,moving to & fro.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #128,218
  • Aug 4, 2009 9:19am Aug 4, 2009 9:19am
Actual > Forecast = Good for currency (Note: While this is the 'usual' effect, under current market conditions the reverse tends to be true against some currencies, as bad data has been triggering the purchase of US bonds);


????
  • #128,219
  • Aug 4, 2009 9:21am Aug 4, 2009 9:21am
With this very good housing news from US my guess is that DJI, OIL and EURUSD will remain range bound today.
  • #128,220
  • Aug 4, 2009 9:21am Aug 4, 2009 9:21am
Quoting Alihuzaifa
every good news from US taking EURo higher...strange to find out this effect...any body have any idea whats going on? why this happening?
same with you..
confused
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