On the other hand, we're about 200 pips away from the 4000 pips drop called by PandoraBox.
What did skyzer said about chart reading again? lol learn to read charts instead of yappin on about things that you don't know.
Okay back to business
It does seem likely that this eu drop might not go on much longer without a decent retrace. By decent I do mean 500-1000 pips. I do see this solely based on my dx targets, which also coincides with PB's 4000 pips target.
This was where the DX was:
1. http://www.forexfactory.com/showpost...postcount=3633
2....
Descending Triangle Target #924
I drew this chart yesterday, and couldnt figure out how to make a jpeg
from it - finally (!)
Anyway, for what its worth...essentially it has the same lines as your chart TLC, but I added others that seem to be coming into play at the same time.
A coupla major Fib levels, and a coupla extra TL's.
Good chart , you can count your 1.1750 cross line to 1.1697 as major supply next, no any good demand also before that and if fail next 1.1200 .perhaps market is no any position to create a new supply line now or even risk to back to the supply above ( previous bottom ) again & oneway movements perhaps till it done or risk totally fails.a bottle neck problem or point of no return as no normal pa
fontu
Thanks
Thanks for that Fontu.
Im not a very experienced trader by any stretch of the imagination, but lately I've learned a lot, and now my mind is playing the "what if?" game with my new found knowledge.
This is that same Monthly chart >Weekly
I hope this isnt too confusing...I am probably way out of range here but, is it possible that "at times" (?) the distance an ABCD move travels, is daynamic relative to a strong TL?
ie like the pic.
Am I tripping?
Its all ok & even if not any perfect . perfect is very relative thing we all not know for sure & even nobody can know ever , it is so relative & absolute . what you actually see may not the real thing seeing or feel may be a totally wrong perception . So what you see in your own chart , feel in your own way , devloped by time & experience with your own money & time , is some thing real to only you , never bother what others say , feel or try distraction. Simply ignore & do your own way .
I am [font=Arial][size=2]astonished...
1.we had a lot of shorts closed in NFP by the big boys.(!!!)
2. price dropped on very low vol after NFP
so the big boys where not selling in to the dip.(!!!)
Maybe you can make me understand something regarding volume and price: if everybody (or at least the majority) is selling, why would the volume be high since in Forex it's tick based? I know the concept of distribution/accumulation ( there the volume is high and it's understandable because for every lot somebody is selling/buying there is another one who's taking the opposite part of the trade with even more lots), but when everyone agree on one direction, let's say short, shouldn't then the volume be lower because there are not many buy orders,...
Thanks for the information & views , I do not have a dx chart & so seeing yours . Apparently the dx unfolded big upside like gold did and just a start if not failed somewhere . Market can do anything but we can't follow it all the time as we see only the old chart ,not the real market.
Then next few hundreds ( suppose 1.1697 monthly 200ma low , not any far , now at close ) should be most cretical & can do lots of sideways before the decision in eu , obviously down if no further disaster again, and if any everything can be just upside down..
fontu...
just to piss off those holding shorts, the market looks like a gap up of over 50 pips is in the making.
Let's wait few more hours for confirmation.
just to piss off those holding shorts, the market looks like a gap up of over 50 pips is in the making.
Let's wait few more hours for confirmation.
.