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Chart Imitation Theory

  • #1
  • First Post: Dec 8, 2011 11:40am Dec 8, 2011 11:40am
http://i.imgur.com/ckjOP.png

many time i noticed chart imitating recent candle stick patterns, according to this psychology EU should move to 33940
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  • #2
  • Dec 8, 2011 11:50am Dec 8, 2011 11:50am
Quoting ibpo
http://i.imgur.com/ckjOP.png

many time i noticed chart imitating recent candle stick patterns, according to this psychology EU should move to 33940
What are you saying it is doesn't make any sense. I market what are you missing on the chart !!! Your second yellow eye, it is bottom of the channel, that why price could go up to the top
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Click to Enlarge Name: ckjOP.png Size: 53 KB
  • #3
  • Edited 2:00pm Dec 8, 2011 12:03pm | Edited 2:00pm
There was so many trades. I am not sure about those trades, as i need to see whole chart, in order to find S/R. Can you tell me if price reached your target, because i don't think so
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Click to Enlarge Name: ckjOP.png Size: 57 KB
  • #4
  • Dec 8, 2011 5:56pm Dec 8, 2011 5:56pm
Quoting mavricos
What are you saying it is doesn't make any sense. I market what are you missing on the chart !!! Your second yellow eye, it is bottom of the channel, that why price could go up to the top
you said correct in the known way with SR and trend line but i was looking chart through my PA

that was around 33350
http://i.imgur.com/T9tI3.png

it reached 33750 target was 33940 just below 20 pips it declined but we got 40 pips now.around 33940 was resistance in traditional way
http://i.imgur.com/jPddo.png

i think now it is over, chart is checking new imitation.

now this should back to 33740
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  • #5
  • Dec 8, 2011 6:45pm Dec 8, 2011 6:45pm
Quoting ibpo
you said correct in the known way with SR and trend line but i was looking chart through my PA

that was around 33350
http://i.imgur.com/T9tI3.png

it reached 33750 target was 33940 just below 20 pips it declined but we got 40 pips now.around 33940 was resistance in traditional way
http://i.imgur.com/jPddo.png

i think now it is over, chart is checking new imitation.

now this should back to 33740
33720 worked my TP was at 33700 got 20 pips

http://i.imgur.com/ocgHE.png

waiting for next prediction area
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  • #6
  • Last Post: Dec 8, 2011 7:14pm Dec 8, 2011 7:14pm
3 possible pictures

1,

http://i.imgur.com/rx24V.png

2,

http://i.imgur.com/55gBK.png

3,

http://i.imgur.com/fRj8G.png

"Today is the continuation of yesterday, not continuation of day before yesterday"
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