- #185,142
- Jan 26, 2010 6:56pm Jan 26, 2010 6:56pm
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts | Online Now
"If The Fool persists in his Folly he will become wise." - William Blake
- #185,143
- Jan 26, 2010 6:59pm Jan 26, 2010 6:59pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #185,144
- Jan 26, 2010 7:01pm Jan 26, 2010 7:01pm
- Joined Jan 2010 | Status: Trader | 11,001 Posts
oh that is dragon head ... often leading to 10,000 pip drops
the wedge is the head and the bollinger bands on left of chart the body ...
the dragon will eat up all the bulls and then eu will drop like a rock as USD rockets up....
lol..ok i need more sleep
I just the article about Obama's plans to consolidate the American household.
Why do I always have the impression that he is constantly damaging the USD?
- #185,147
- Jan 26, 2010 7:08pm Jan 26, 2010 7:08pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
I guess that one redeeming thing about this oh-so-boring PA is that when the breakout comes, it should be a good one!
Doing what you like is Freedom. Liking what you do is Happiness.
- #185,148
- Jan 26, 2010 7:14pm Jan 26, 2010 7:14pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #185,153
- Jan 26, 2010 7:26pm Jan 26, 2010 7:26pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #185,154
- Jan 26, 2010 7:37pm Jan 26, 2010 7:37pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
High quality post as usual. Mal, is there any MT4 indicators for this?
There may be ... here are a couple but they do not give value area of piror day. You may have to plot theses manually
You have to go in change the date settingso n these also once you have loaded the indicators
Blogging daily now at www.volume.zone
- #185,155
- Jan 26, 2010 7:39pm Jan 26, 2010 7:39pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
What Is Your Idea About 1.4565 !?
Here it is ...
EUR-USD 27-Jan-2010 (updated at 00h00 CET)
Scenario for the month :
Elliott : crucial reversal point
There is bearish potential for a fall to 1.3996 while 1.4569 - 1.4745 resist. After this fall a recovery up to 1.4745 or 1.4920 is expected / possible again ...
Scenario for this week :
Elliott : extension wave down 1.3982
It is likely to fall towards 1.3995 - 1.3938 or 1.3809 while 1.4195 - 1.4277 area offer resistance. Cross beyond 1.4360 - 1.4453 and break above 1.4580 could turn the outlook bullish ...
Scenario for today :
Elliott : irregular flat correction down 1.3990
Market should not go lower than 1.4063/ 57 - 1.4016. After this move down it should go up to 1.4125 - 1.4153 area. Breakpoints beyond 1.4001/ 1.3975 or 1.4213/ 42 zone ...
EUR-USD 27-Jan-2010 (updated at 00h00 CET)
1.4170 Key-point 1.4062
1.4166 Entry-point 1.4117
1.4029 Elliott 1.4194
1.4151 Closing 1.4072
1.4176 Projection 1.4029
1.4132 Trendline 1.4180
1.4191 Trendline 1.4165
0.0066 Écart
1.4290 1.4242 Res-3
1.4234 1.4193 Res-2
1.4179 1.4141 Ex-High
1.4153 1.4117 Res-1
1.4097 1.4111 Pivot
1.4016 1.4104 Sup-1
1.4042 1.4080 Ex-Low
1.3960 1.4028 Sup-2
1.3879 1.3979 Sup-3
Ex-Entry Key-point
1.4166 1.4170
27.01.2010
;-)
- #185,157
- Jan 26, 2010 7:45pm Jan 26, 2010 7:45pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Google "megaphone formation" depending on top or bottom and make sure your time frame is appropriate for what you're looking at... these kind of things don't usually apply to 5m charts.
I google megaphone formation and all i got was this definition
Megaphone .. trader called sky on forex factory screaming USD IS GOING TO CRASH AND GOLD TO $5000
Blogging daily now at www.volume.zone
- #185,158
- Jan 26, 2010 7:49pm Jan 26, 2010 7:49pm
I uyse 99% volume for all trading , vsa and also volume histogram
The value area is typically the 70% ile of volume for the day
The upper value area is the top of 70% bracket
The lower value area is the bottom of the 70% volume bracket
Then in the middle we have the point of control line. This is similar to the daily pivot , how it does change during the course of the day. This line is the price at which maximum volume occurred for the day
In the attached chart the orange / blue lines on right hand side of chart is the volume histogram...
- #185,159
- Edited 8:08pm Jan 26, 2010 7:52pm | Edited 8:08pm
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts | Online Now
"If The Fool persists in his Folly he will become wise." - William Blake