EURUSD

I think you should try it on a couple of diffrent periods, there is no good definite settings for it. I tried it and found that it works every now and then, but that its a little too general in its function to be of enough use, as its clutters youre logic/graph, and can get confusing.

From my experience and research the idea is to divide the graph into 1/8, you just give it a value of X many candles to divide the graph into eights. I would think that not enough money is behind using that indie in a forseable manner. You should perhaps know that it its recomended usage is for Daily TF or perhaps H4 Tf, which i am not interested in and havent used it for.

But of course there is many other ways of thinking about that indie, especially since i dont have experience in using it the way its supposed to.

Lycka till anyway

I agree, but my comment was targeted at the fact that until 2 months ago I hadn't heard it quoted on this forum much, and before that it was something else that was quoted. But I agree MM is useful I use it myself.

European Forex Technicals: GBP/USD Heads Higher To 1.5725
16 Sep 2010, 08:26
By Francis Bray
A DOW JONES NEWSWIRES COLUMN


LONDON (Dow Jones)







Intraday EUR/USD: Testing resistance at 1.3037 is still the main threat as dominant short-term bulls look to secure a foothold above 1.3000. A break above 1.3037 would open 1.3075, but Tuesday's break above 1.2920 has created scope for further gains towards the 1.3155/80 resistance cluster. Initial support lies at 1.2955, but corrective downside risk should be limited to the 1.2895 area.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: Resistance in the 86.00 area is holding firm as it looks to combat the effect of BOJ intervention Wednesday. Support at 85.23 is under threat and a break below 85.23 would prompt further weakness towards 85.02 and the 84.74 intraday higher low. A push above Wednesday's high at 85.78 would open 86.00 and the Aug. 13 high at 86.39.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: Extends the short-term recovery to force a break above 1.5532 and is tackling resistance at 1.5652. 1.5652 represents 50% retracement of the dominant 1.5998/1.5297 decline and stands in the way of the 1.618 extension target at 1.5725. Only a break below 1.5525 would question the bullish outlook, exposing Tuesday's low at 1.5451.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: Stages a corrective recovery off 0.9933, but Wednesday's inside day suggests a return move to 0.9933 is on the cards. A break below 1.0011 would pave the way for weakness to 0.9963, which is the last line of defense for the 0.9933 low. The November 2009 reaction low at 0.9916 is still the main bear target. Strength above 1.0049 would lift the tone and open resistance at 1.0115.

Weekly chart USD/CHF trend: Bearish.


;-)

palim palim

Sure , I'm testing it too! Life's a never-ending experiment!

Its not a simple indicator, its a science. For me its fashionable a lot longer

Here we go. Target reached @1.3059.

Wow what news came out for that push?!?!?!?!

out from my short..sl hit..neutral now..

Thats about the sharpest spike ive seen since Wall street did theyre "tests" in the spring and early summer.

Right I'm off to kick myself royally, I came out just before the rise cos I had to leave the pc grrrrrrr

well breakout... im be for now was aiming downwards... would be nice to see a retest

Whow glad i've changed my analysis, and went long at 1,3018 when price didn't want to go lower and bounced off 1,3010 on the 5mn.
Will hold this one for 1,3074 as first resistance then 1,3123

PA analysis just owns!

Quick cover your shorts....keep the rally going!

to you too!

Next target may be 1.3075, then 1.3123.

66% are short. I am long until 1.32

sorry, i hit the wrong button, purchased 20k lots instead of 2k lots, position closed

Needs to close above 3062

Ciao T.,

do you think it could reach 3120 before NY open??


Thanks

I.

Múc and Múc now...