http://www.mataf.net/fr/tools/01-01-correlation (check eur/usd vs usd/chf and check correlation coeff between 5 min, hours, daily, etc..)
you have the illustration of what gator explained about "decoupling"
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DislikedHey there
I'm assuming 4749 was a typo and you meant 2749, but even still - I drew fib levels from this 2008 downmove (6038 to 2328) and don't have any levels close to 2749, except for 2766. However it is not a level in the mid zone...
So far I have been able to figure out most of the targets- I just wanted to clear up: for bull targets, you use historical downmove fibs, and for bear targets you use historical upmove fibs? (since they would be retracements..?)
Also having difficulty finding where 2799 comes in.Ignored
DislikedHmmph...selling time was that bearish engulfing on a daily chart, swing should have exposed 2590...and thus retest of 2560, after that a clear direction, continuation or a reversal.
PA is still bullish waiting for FOMC minutes..I have already closed my short scalp @ 2720 and was scalping on m5 TF compensating for s/l hit.
Above 2695 candle close we are bullish
And we need 2787 to continue bullish scenarioIgnored
DislikedLook at daily bearish engulfing pattern, watch h4 TF. Those are BEARISH timeframes..
But, EU swing high was a strong bullish move...failure to cap 2787 level is bearish to me....
Elliot points higher....
Charts point lower...
Is Tyson a bull, or is it Ali? Im bear hunter with a knack for poisonsIgnored
DislikedI've got some useful charts for the chaps around.
However, it is so pathetic around here, some good info is virtually buried under pile of useless posts, usually written by "traders" with thousands of posts, who change their mind every now and then.
Good Luck AllIgnored
DislikedI have been following your post for a while now and I would like to thank you for the useful analysis that you make, as a junior trader your analysis has helped me a lot to learn how to read the charts, but I am still learning.Ignored
DislikedI just satrted trading and I am learning from you, my 4h shows bearish signals as well, but still I am not sure if it is the right time to take a position, please help...Ignored
DislikedOn my charts Daily and H4 clearly points lower...I opened a short @ 2720 and closed it at 2697...I opened a short again @ 2686 with t/p 2635....we will see..Ignored