Check out those sticks on the Daily. Price went to 108.74 and was turned away violently for the second time at this level.
Please do not vouch for me.
- #6,585
- Mar 31, 2012 3:59pm Mar 31, 2012 3:59pm
ej finished abc of correction so what's next? 
as wave b and c both did not exceed wave a it looks like 2 converging trend lines are developing which possibly are leading to a 3-3-3-3-3 symmetrical abcde triangle
these triangle formation would favor a reversal to the downside
a break of the upper trend line would negate this scenario
as wave b and c both did not exceed wave a it looks like 2 converging trend lines are developing which possibly are leading to a 3-3-3-3-3 symmetrical abcde triangle
these triangle formation would favor a reversal to the downside
a break of the upper trend line would negate this scenario
- #6,587
- Edited 7:09am Apr 1, 2012 6:52am | Edited 7:09am
I look for more evidence on the Daily. I dont put a whole lot of stock in the 1 hr. 4 hr is better, but I like the daily. If I had a signal of long off the daily and short off the 1hr......its a no-brainer, I take the Daily everytime. Why is it that everyone must trade into the face of the trend.
- #6,589
- Apr 1, 2012 9:01am Apr 1, 2012 9:01am
well if it's works for you then it's good... 
same is for me.. i searched 4 years to find a trading method and style that suits my personality and as long as it works for me and my account size grows i don't give it up.. i strictly trade from the 1h chart so we might have different trade directions anyway
same is for me.. i searched 4 years to find a trading method and style that suits my personality and as long as it works for me and my account size grows i don't give it up.. i strictly trade from the 1h chart so we might have different trade directions anyway - #6,590
- Apr 1, 2012 10:53am Apr 1, 2012 10:53am
You are totally right my friend. I dont like checking my computer every few hours. I like to check once a day and sometimes every 3 or 4 days, because I want a life also. Just keep in mind, the Daily signal will be more sturdy. As long as your way is making $$$$, then your good.
well if it's works for you then it's good...
Please do not vouch for me.
- #6,591
- Apr 1, 2012 11:00am Apr 1, 2012 11:00am
Took me 5 years to start making money. Most never do. For Example, 2 years ago I would have loaded the shorts Friday morning with the rest of them. But expierience has taught me that most spikes are knee jerk reaction to news releases. Killers for the unwary and great opportunities for the learned and expierienced, and I consider myself in that category. I bought again at 109 and had a great Friday.
Tip for newbys....stick with Daily trend direction and keep stop under the last low and you should be fine.
Tip for newbys....stick with Daily trend direction and keep stop under the last low and you should be fine.
well if it's works for you then it's good...
Please do not vouch for me.
- #6,596
- Apr 2, 2012 10:16am Apr 2, 2012 10:16am
i shorted this morning according to my analysis, point D was reached, but not sure if it reaches traget today, maybe better to take profits
exactly same scenario in gj
ej finished abc of correction so what's next?
as wave b and c both did not exceed wave a it looks like 2 converging trend lines are developing which possibly are leading to a 3-3-3-3-3 symmetrical abcde triangle
these triangle formation would favor a reversal to the downside
a break of the upper trend line would negate this scenario
- #6,599
- Apr 2, 2012 12:12pm Apr 2, 2012 12:12pm
G/u will come down when the yen pairs turn long again. probably some time tonight.
i shorted ej and gj on the 1h, not taking profits yet... works well so far too
i just worry about gu refusing to come down
Please do not vouch for me.
