Thought I'd post an obvious update; PA has hit 60 MA on daily chart, looks like it might close above it. Weekly trend is still technically down, but MACD looks ripe to cross, however is about 500 pips away from 60 MA (weekly). Thoughts?
- #13,663
- Edited 8:08am Oct 23, 2009 7:51am | Edited 8:08am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
Thoughts?
my thoughts are that it somehow gives credence to the elliot waves of USD index chart posted earlier. http://www.forexfactory.com/showthre...11#post3155311
for everyones benefit (and in a way for pocetong query) , perhaps u could re-draw the earlier macd screenshot with a major downward channel(apr09) and the current upward channel(oct09) for my thoughts .
while at it , how about the double bottom (at around 88.37) weekly chart with the channels too .... hahaha !
- #13,665
- Oct 23, 2009 9:00am Oct 23, 2009 9:00am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #13,668
- Oct 23, 2009 9:47am Oct 23, 2009 9:47am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #13,669
- Edited 7:51pm Oct 23, 2009 5:31pm | Edited 7:51pm
- | Joined Jan 2008 | Status: Metered Temerity | 315 Posts
1
for everyones benefit (and in a way for pocetong query) , perhaps u could re-draw the earlier macd screenshot with a major downward channel(apr09) and the current upward channel(oct09) for my thoughts .
Everyone have a great weekend.
- #13,670
- Oct 24, 2009 12:28am Oct 24, 2009 12:28am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
Here are two graphs with the trendline....Thoughts?
Everyone have a great weekend.
Beautiful , simply beautiful .. both the charts and the mind !
also note the divergence between the macd and the price , i think it is a reason to remain bullish
(i have removed the gridlines in my charts , less cluster )
- #13,672
- Oct 24, 2009 1:01am Oct 24, 2009 1:01am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #13,673
- Oct 24, 2009 4:09am Oct 24, 2009 4:09am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
Its not open today!
hahaha !
i suppose u are right, it was just a slip of the tongue !
actually its Saturday in our country ... so tomorrow would be sunday .. i guess my mind was fixed on the early hours after sunday , when it opens at wellington, new zealand while we here will still be sleeping ...
should have said " hope it turns positive when the market opens on monday "
hope no harm was done with that "slippage" ..hahaha !
- #13,675
- Oct 25, 2009 7:51pm Oct 25, 2009 7:51pm
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #13,679
- Edited 8:42pm Oct 25, 2009 8:02pm | Edited 8:42pm
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
- #13,680
- Oct 25, 2009 8:12pm Oct 25, 2009 8:12pm
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
oops
james16 would be happy to hear this !
http://www.forexfactory.com/showthread.php?t=2331
"Your goal should be this. Learn, learn and learn some more and don't do anything stupid while your getting your feet on the ground. " .. james16