Dislikedand theres a gap to fill, however the trend is still strong south, and the target from the rising wedge is way way south, but of course it wont be in a straight line .
mikeIgnored
james16 Chart Thread
- #101,921
- Sep 19, 2011 1:27pm Sep 19, 2011 1:27pm
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
- #101,930
- Sep 19, 2011 6:07pm Sep 19, 2011 6:07pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
usd/cad
very simple play off the retracement to the box it broke out of!
Your Chart caught my interest. Don't know if this one will catch yours. If so, happy to help.
B
- #101,932
- Sep 19, 2011 7:05pm Sep 19, 2011 7:05pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #101,933
- Sep 19, 2011 7:55pm Sep 19, 2011 7:55pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
Firstly, Here's an Updated Chart of the one I posted. Zoomed in which distorts it a little but the Numbers suggest to me Bears have the Helm.
Why?
Chart. 4Hr USDCAD Sept 19 8:00 PM EST
The Goldenrod Solid Line (low left, high right) is imprtant to me.
The dashed Red Bear Diags are equally as important to me as the dashed Blue Bull Diags.
As I see it:
0.9850 has 2 different Support systems behind it to coax a Bull.
The Blue Dashed Line (Variable Value through Time) & the Solid 61.8% Horizontal who's value will remain Constant.
Yeahh... OK. But What Values. & How do I use that to gain cargo?
I, like every other honest pundit, have no garauntees but here is how I read it (& since you brought it to my attention. Trade it.)
I Expect a six to eight bar Fall on the 4 Hr.
The Golden Held Strong.
I expect a fight @ 0.9895. (Will I Jump when I see my Profit Drop? Not likely but rest assured I will perform Before I post.)
I would Then expect an Easy Bear through 0.9880
heading toward 0.9845.
Two more assaults where I would expect little resistance & I would Target 0.9800
as an Exit.
Got that?
OK. So let's look at the Other side.
What if it Heads UP?
R @ 0.9940, then ~0.9950 then ~0.9961 then ~0.9980
BEFORE we Re-Challenge Parity.
Sooooo... What do you Think?
Parity or continuation?
Wrong or right. Tonight I am a Bear.
B
Why?
Chart. 4Hr USDCAD Sept 19 8:00 PM EST
The Goldenrod Solid Line (low left, high right) is imprtant to me.
The dashed Red Bear Diags are equally as important to me as the dashed Blue Bull Diags.
As I see it:
0.9850 has 2 different Support systems behind it to coax a Bull.
The Blue Dashed Line (Variable Value through Time) & the Solid 61.8% Horizontal who's value will remain Constant.
Yeahh... OK. But What Values. & How do I use that to gain cargo?
I, like every other honest pundit, have no garauntees but here is how I read it (& since you brought it to my attention. Trade it.)
I Expect a six to eight bar Fall on the 4 Hr.
The Golden Held Strong.
I expect a fight @ 0.9895. (Will I Jump when I see my Profit Drop? Not likely but rest assured I will perform Before I post.)
I would Then expect an Easy Bear through 0.9880
heading toward 0.9845.
Two more assaults where I would expect little resistance & I would Target 0.9800
as an Exit.
Got that?
OK. So let's look at the Other side.
What if it Heads UP?
R @ 0.9940, then ~0.9950 then ~0.9961 then ~0.9980
BEFORE we Re-Challenge Parity.
Sooooo... What do you Think?
Parity or continuation?
Wrong or right. Tonight I am a Bear.
B
- #101,935
- Sep 19, 2011 8:18pm Sep 19, 2011 8:18pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #101,936
- Sep 19, 2011 9:02pm Sep 19, 2011 9:02pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
I was going to ask Tom if he took the Weekly Lowest Close of Support level since Price Broke Through and Close Below it, since I saw the "Weekly LCS" on his chart. . . many got into this one.
Price hit their targets nicely, Weekly Lows . .Weekly setup; Weekly targets. . . interesting to see how Price respects these targets on the Hourly . . .
Indicators show the past. Price Action "Indicates" the future.
- #101,937
- Sep 19, 2011 9:42pm Sep 19, 2011 9:42pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #101,938
- Sep 19, 2011 9:49pm Sep 19, 2011 9:49pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
- #101,939
- Sep 20, 2011 12:27am Sep 20, 2011 12:27am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
