The DX M15 had a bearish harmonic but I dont see one on the EU at the momo. I have an indi I keep on one set of charts to just alert me to it. I dont trade by them but I do like to know if they present themselves.
What are the dotted lines attilla? (if you dont mind my asking
High level overview here PC. There is another post on the same page...
http://www.forexfactory.com/showthre...69#post4887269
Daily made an U turn from around 4270ish, H4 is right above 4354, both these numbers being some kind of mofus respectively...
that's where we are, have been and most likely die... not a single candle crossed this one lately, except a daily, which was sucked back in immediately.
btw: a shitload of info on mofu in brown's book.
that's where we are, have been and most likely die... not a single candle crossed this one lately, except a daily, which was sucked back in immediately.
btw: a shitload of info on mofu in brown's book.
I agree. It can go either way.... However the down side I think will be limited... In other words, we're not going to 1.2 just yet...
Right. Mofus are the 50% and the price always goes and at least retests it before continuing...
I use a Price Channel 20 periods indi for that. It adjusts and the mofus are pretty accurate. If the price makes it passed it, it goes to the other side of the channel. If not, it means continuation.
trading inside a mofu is a big no no, except from the very edges. learnt the hard way.
Would you mind sharing the indi? If you wish not to, I completely understand
TY Attila. I will be checking it out
