- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
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DislikedSeems to me, you believe current TL will continue for sometime to come. But, there is a high probability of 'railway switch' as depicted in DB's cartoon today. It is this reason I believe FIB 50.0 is not a remote possibility. -IMHO-Ignored
Dislikedthanks papa....I appreciate the lures you suggested it's making it that much more interesting...by the way I'm using fxcm tradestation and they don't have DMIN or DMIP would you know where i can download them...thanks again...Ignored
DislikedI have no idea as of yet, maybe around 1.0200, but it's not going to get there easily, at least not today. No body seems keen on the USD latelyIgnored
DislikedI have no idea as of yet, maybe around 1.0200, but it's not going to get there easily, at least not today. No body seems keen on the USD latelyIgnored
DislikedWhat is next? The probability of a retracement is higher than a reversal. The rationale behind this judgement is that the current counter trend move since June 1 is incomplete IMHO. This was my vision against the half picture view of bears last week. And, this is still my vision of the bigger picture now.Ignored
DislikedWhen nobody seems keen on the USD, it's time to be careful of risk assets. -IMHO-Ignored
DislikedProblem is FIB 50.0 is based on a VERY recent high, which we don't know if that will actually be the high, even a few minutes from now. I think there is quite a good chance that there will be NO retracement, maybe not even back down to 1.0360, and it could just keep going past 1.0500. Its a dangerous place to be shorting IMO.
Earlier you mentioned the 61.8 retracement from the February high and the June low as a significant level, and I think it was. You later said it wasn't the correct level to use, but I think it was, it just got broken. I...Ignored
DislikedI agree ...would like to take a long from 1.0395 if it's reached.....Ignored
Dislikedthanks papa....I appreciate the lures you suggested it's making it that much more interesting...by the way I'm using fxcm tradestation and they don't have DMIN or DMIP would you know where i can download them...thanks again...Ignored
DislikedI looked at your chart again and found that fxcm tradestation does have DMIP (blue line) and DMIM (red line). You are in good hands. The only issue is fxcm separates ADX from DMIP and DMIM so you cannot see the crossovers among them. This is a drawback for sure.Ignored
DislikedAldente, very good point. However, I look at chart with pattern language. I add 4 circles to your chart. The same color represents the same patterns. I believe that the same red pattern may happen again at current level. -IMHO-Ignored
DislikedFurthermore, when placing an imaginary mirror between two blue patterns, one can see a reversed reflection at current level. I see this image with my mind not with my eyes. This vision may be denounced by some people in A/U thread but not here. We are born free people in this thread not online slaves anymore!Ignored