us dow, almost at the collapse line. We neeeeeeeeeeed medics
- #7,884
- Oct 3, 2011 3:36pm Oct 3, 2011 3:36pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
AU monthly
Looking to reach 9513 before moving up into yellow highs next year, then back down again.
- #7,886
- Oct 3, 2011 4:01pm Oct 3, 2011 4:01pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Daaaaaaaaaan, Volume meter saying more down on the monthly
- #7,887
- Oct 3, 2011 4:37pm Oct 3, 2011 4:37pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
almost there Fibonacci man
After it worked its way thru the 240 (in the post quoted above), It turns to the next time frame targets. Fibonacci...level by level.
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Dan
- #7,889
- Oct 3, 2011 5:14pm Oct 3, 2011 5:14pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Here we go, we got more confirmation.
, same here, just small this time
, same here, just small this timeI'm still holding short, I have my eye on 9391 and 8827 now, just playing it day by day.
- #7,890
- Oct 3, 2011 6:06pm Oct 3, 2011 6:06pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
I'm still holding short, I have my eye on 9391 and 8827 now, just playing it day by day.
Nicely done!
- #7,891
- Oct 3, 2011 6:51pm Oct 3, 2011 6:51pm
- Joined Sep 2009 | Status: Trader | 1,686 Posts
Nicely done!
- #7,892
- Oct 4, 2011 1:21am Oct 4, 2011 1:21am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Each candle must tell a story of it's timeframe. We cannot get an idea of what that candle is trying to tell us unless we read ALL timeframes. We start with the largest timeframe first, the Monthly Candle timeframe. Then we go to the next timeframe, in this case the Weekly. We continue to do this looking the relationship between this new candle and the ones that came before it. We can apply various tools to help us get an idea of the story ahead.
While we analyze from the largest time frame to the smallest, the price movement starts in the smaller timeframe and moves up to the largest. This is why we must be patient. If we're looking for a larger timeframe target, we cannot take it until the entry is right. We must wait for the smaller timeframes to reach our entry. If it doesn't then we do not take a trade in that larger timeframe and we work in a timeframe that we do have an entry in.
We cannot tell the market where to go, but we can read what it is trying to tell us. What is this new Monthly candle doing in relationship? What is the new Weekly candle doing? Etc.
EUR/USD
Weekly
Dan
- #7,893
- Oct 4, 2011 3:58am Oct 4, 2011 3:58am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Oil Down to 75.900
USOIL
same as UK oil, they go up and down together, last two quarter weak, if we break under 77.13 we going to 75, under 75 we going to 70.69
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- #7,895
- Oct 4, 2011 4:05am Oct 4, 2011 4:05am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
GOLD
Hanging around our 100%
- #7,896
- Oct 4, 2011 4:22am Oct 4, 2011 4:22am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Aussie down to .9413
http://www.forexfactory.com/attachme...2&d=1317718660
Daaaaaaaaaan, Volume meter saying more down on the monthly
- #7,897
- Edited 4:39am Oct 4, 2011 4:24am | Edited 4:39am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/USD 480
Old 480 swing is complete, we have a new one.
Dan
edit add:
EUR/USD 480
Here is a larger swing added in the chart, notice how the Full Target 2 of the smaller (current) swing matches up with the 100% Target 1 of the larger swing.
EUR/USD 480
Why not add another chart in the 480. Here we get a bigger picture of what we have, have had, and may have.
Dan
- #7,898
- Oct 4, 2011 4:31am Oct 4, 2011 4:31am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
GBP/USD Support & resistance
http://www.forexfactory.com/attachme...2&d=1317718660
[size=3]GBP/USD Support & resistance
Monthly done and gone With Bernanke 400B, he shorted Gbp and The Euro,and focused on the smaller time frame for price action and next move, way to go Ben
http://mancavealpha.com/wp-content/u...7/Bernanke.jpg
...
- #7,899
- Oct 4, 2011 5:10am Oct 4, 2011 5:10am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
1.3124 MY MAN, TAKE A LOOK AT THE WEEKLY CHART WAY BACK
http://www.forexfactory.com/attachme...2&d=1317718660
EUR/USD 480
Old 480 swing is complete, we have a new one.
Dan
edit add:
EUR/USD 480
Here is a larger swing added in the chart, notice how the Full Target 2 of the smaller (current) swing matches up with the 100% Target 1 of the larger swing.
EUR/USD 480
[center]Why not add another chart in the 480. Here we get a bigger picture of what...
- #7,900
- Oct 4, 2011 5:16am Oct 4, 2011 5:16am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Level by level
1.3124 MY MAN, TAKE A LOOK AT THE WEEKLY CHART WAY BACK