DislikedLast week the talking heads said the euro was dead and dying...yea right, clueless.
Big money was buying the dollar..another good call. bunch of idiots.Ignored
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- #452,462
- May 31, 2011 9:01am May 31, 2011 9:01am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
oil gapped down awesome
Geppy a brick cable will be too yahoo Bears are back
Geppy a brick cable will be too yahoo Bears are back
If you are new to Forex? Say Goodbye to your account!!
- #452,464
- May 31, 2011 9:03am May 31, 2011 9:03am
- | Commercial User | Joined Feb 2008 | 7,908 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #452,465
- May 31, 2011 9:03am May 31, 2011 9:03am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #452,466
- May 31, 2011 9:05am May 31, 2011 9:05am
- Joined Dec 2009 | Status: Trader | 2,319 Posts
On the H8, it will go further up:
http://www.forexfactory.com/showthre...44#post4654844
But a retracement is happening now,
Once the big black curve (curve 2) breaks, it will fall. Because Curve 2 has more points on it and is a bigger support than the others. The power of the break of Curve 2 will break smaller bubbles.
Again this could be the slightest dip that penetrates Curve 2, thats the signal to go short.
As far as retracement is concerned, this is how I do it.
If price is respecting a curve such as Curve 2 that has a lot of points on it, then when it breaks off Curve 2 and it will land on another curve that is equivalent in strength to it. Now You encounter 2 situations:
1. If there are smaller bubbles in between it will temporary pause, but most probably it will slice them with a lot of force
2. If there are no smaller bubbles in between and you have pure white space between Curve 2 and another important support lower, then price will accelerate real fast to reach that lower curve. In our situation we have Curve 3 in between Curve 2 and Curve 1. Once Curve 2 breaks, then the slightest penetration throgh Curve 3 will introduce a big white space in between Curve 3 and Curve 1. At that moment price will seriously accelerate and drop faster than ever before until it reaches Curve 1.
So thats how retracement is measured.
http://www.forexfactory.com/showthre...44#post4654844
But a retracement is happening now,
Once the big black curve (curve 2) breaks, it will fall. Because Curve 2 has more points on it and is a bigger support than the others. The power of the break of Curve 2 will break smaller bubbles.
Again this could be the slightest dip that penetrates Curve 2, thats the signal to go short.
As far as retracement is concerned, this is how I do it.
If price is respecting a curve such as Curve 2 that has a lot of points on it, then when it breaks off Curve 2 and it will land on another curve that is equivalent in strength to it. Now You encounter 2 situations:
1. If there are smaller bubbles in between it will temporary pause, but most probably it will slice them with a lot of force
2. If there are no smaller bubbles in between and you have pure white space between Curve 2 and another important support lower, then price will accelerate real fast to reach that lower curve. In our situation we have Curve 3 in between Curve 2 and Curve 1. Once Curve 2 breaks, then the slightest penetration throgh Curve 3 will introduce a big white space in between Curve 3 and Curve 1. At that moment price will seriously accelerate and drop faster than ever before until it reaches Curve 1.
So thats how retracement is measured.
Thanks and I respect your analyses. Just to be pedantic, surely it has to break the big black curve in order to go further up ?Or are you saying that from your observations s/t trend would reverse after such a break before further up ? If so, how much of a retracement price/time wise do you envisage at this juncture ?
- #452,468
- May 31, 2011 9:08am May 31, 2011 9:08am
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
ditto..bbl, gl, PTL
- #452,469
- May 31, 2011 9:14am May 31, 2011 9:14am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
i think NY is hung over
sorry 2 more pipsWhat now??
If you are new to Forex? Say Goodbye to your account!!
- #452,470
- May 31, 2011 9:19am May 31, 2011 9:19am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Waiting for a bounce at 74.50 before considering a short:
Don't be a hero. Don't have an ego. Always question yourself
- #452,472
- May 31, 2011 9:21am May 31, 2011 9:21am
- Joined Aug 2010 | Status: Trader | 3,935 Posts
let's keep things simple. no prediction here. we have to look at the market and follow wht it is telling us.
depending on today daily candle, we could see if they will be a huge retracement or not
simple things are better
follow my journal
http://www.forexfactory.com/showthre...254704&page=31
depending on today daily candle, we could see if they will be a huge retracement or not
simple things are better
follow my journal
http://www.forexfactory.com/showthre...254704&page=31
- #452,473
- May 31, 2011 9:22am May 31, 2011 9:22am
- Joined Jan 2010 | Status: Trader | 11,001 Posts
wtf
back, right in time, I guess.
- #452,474
- May 31, 2011 9:22am May 31, 2011 9:22am
- | Commercial User | Joined Feb 2008 | 7,908 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #452,475
- May 31, 2011 9:22am May 31, 2011 9:22am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
No way, USA USA oil gap filled interesting
What now??
Stuff volatility this is awesome go "Bears"
If you are new to Forex? Say Goodbye to your account!!
- #452,478
- May 31, 2011 9:29am May 31, 2011 9:29am
- | Commercial User | Joined Feb 2008 | 7,908 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
