Like the title says. EURUSD was gaining steadily but after 12/1-12/3 has been dropping steadily. Did something specific happen? Interest rate announcement? End of fiscal year? Someone killed Santa? What did I miss?
- #3
- Dec 29, 2009 4:00am Dec 29, 2009 4:00am
- Joined Oct 2009 | Status: magic | 1,729 Posts
fundamentally, not a clue
but technically, on a day chart we have a beautiful rejection bar that closes under that down sloping red line (see area at yellow circle), from there,
there is an 80% chance price will reach the middle red line, and then,
if it breaks that line, a 70% chance price will reach the lowest red line,
at this point if it reverses, which it has, there is a whooping 90% probability price will reach that middle red line again, which is where it is presently headed.
..........systematic trading backed up by solid statistics
but technically, on a day chart we have a beautiful rejection bar that closes under that down sloping red line (see area at yellow circle), from there,
there is an 80% chance price will reach the middle red line, and then,
if it breaks that line, a 70% chance price will reach the lowest red line,
at this point if it reverses, which it has, there is a whooping 90% probability price will reach that middle red line again, which is where it is presently headed.
..........systematic trading backed up by solid statistics
- #4
- Dec 29, 2009 4:30am Dec 29, 2009 4:30am
- Joined Nov 2007 | Status: Trying manual mode again | 2,210 Posts
Like the title says. EURUSD was gaining steadily but after 12/1-12/3 has been dropping steadily. Did something specific happen? Interest rate announcement? End of fiscal year? Someone killed Santa? What did I miss?
*sigh*
Never whishing, always trading.
