The Really Useless System 25 replies
The Really Really Boring Forex System 97 replies
Dislikedi have my uk account open now so ill be able to dabble in oil along with you and some metals as wellIgnored
Dislikedcould you explain a bit further, I see we have been back and forth against 95, in what capacity are you watching that level, hourly, daily close? thanks, PTL...Ignored
DislikedThis is yesterday's low.
Take the 3 last days and 1.3495 is the lowest point for that period, once breached you have what is called a 3DB (3days break), and this point become important, because market will either start to make new 3 days lows, or if it can't will reverse and try to make new 3 days highs...
So far if buyers can't push above 1.3495 and stay above it, the sellers will continue and push for new 3 days lows.
Not sure if it's clear...Ignored
DislikedPretty clear, one question, when you say stay above it then, do you speak of the buyers closing above it on the close then?Ignored