me thinks that it would headed back up and then down we go to the promise land*
*terms and conditions apply
There are those who know, and there are those who don't know.
Aussie Trading Room and Cartoons Gallery
- #3,581
- Aug 2, 2012 7:40pm Aug 2, 2012 7:40pm
- Joined Jan 2005 | Status: ~ Noblesse Oblige ~ | 1,663 Posts
- #3,583
- Aug 2, 2012 7:42pm Aug 2, 2012 7:42pm
- | Joined Jan 2009 | Status: Trader | 1,392 Posts
who wouldn't like this kind of pillow fight bro? even my gay neighbor likes it
.....
- #3,587
- Aug 2, 2012 7:58pm Aug 2, 2012 7:58pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
- #3,591
- Aug 2, 2012 8:04pm Aug 2, 2012 8:04pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
- #3,593
- Aug 2, 2012 8:10pm Aug 2, 2012 8:10pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
- #3,595
- Aug 2, 2012 8:15pm Aug 2, 2012 8:15pm
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
Just wanna share my view guys..
Here are my W1 chart targets
10323
10439
10522
10578
10650
10716
of course four of them have been taken out or reached, and two are left to be next.
The D1 chart is giving me these numbers
10557
10607
10699
10791
But it my opinion, I shouldn't pay more attention on what D1 is giving me when we're heading north, because I think W1 is ruling this north bus all along starting from the time we reached 1.0222 (June 20th 2012). D1 has been playing it's role for a few corrections (south) such as 0.9970, 1.0105 and the last one we had last week 1.0161 (although it bounced by the time it touches the lower ascending TL 1.0179)
The question now is, would we get there (W1 targets above) without even going bellow 1.0400 or even 1.0300 where lies the bottom of the ascending TL?
As for now I see 10367 and 10343 as a potential H4 target if we're heading south for a correction, it could be deeper depends on how low could we get on today's D1 candlestick.
My bet is this pair really overdue for a decent correction as I'm seeing a divergence on the D1 chart just like the one we had in early July where NFP triggered the bearish move and sent us down for around 200 pips
I know, it's been one week since I been saying we're overdue for a correction, we're overdue for a correction, we're overdue for a correction over and over...yet this thing keeps going up and been ignoring all the divergence which lies on H1 and H4, let's see if today it would wave its middle finger to the D1 divergence as well, or maybe it would nod and obey just like early July.
I'm staying on the sidelines until NFP today, or maybe just to scalp a view pips before it really makes it's decision.
So...what do you guys think?
Here are my W1 chart targets
10323
10439
10522
10578
10650
10716
of course four of them have been taken out or reached, and two are left to be next.
The D1 chart is giving me these numbers
10557
10607
10699
10791
But it my opinion, I shouldn't pay more attention on what D1 is giving me when we're heading north, because I think W1 is ruling this north bus all along starting from the time we reached 1.0222 (June 20th 2012). D1 has been playing it's role for a few corrections (south) such as 0.9970, 1.0105 and the last one we had last week 1.0161 (although it bounced by the time it touches the lower ascending TL 1.0179)
The question now is, would we get there (W1 targets above) without even going bellow 1.0400 or even 1.0300 where lies the bottom of the ascending TL?
As for now I see 10367 and 10343 as a potential H4 target if we're heading south for a correction, it could be deeper depends on how low could we get on today's D1 candlestick.
My bet is this pair really overdue for a decent correction as I'm seeing a divergence on the D1 chart just like the one we had in early July where NFP triggered the bearish move and sent us down for around 200 pips
I know, it's been one week since I been saying we're overdue for a correction, we're overdue for a correction, we're overdue for a correction over and over...yet this thing keeps going up and been ignoring all the divergence which lies on H1 and H4, let's see if today it would wave its middle finger to the D1 divergence as well, or maybe it would nod and obey just like early July.
I'm staying on the sidelines until NFP today, or maybe just to scalp a view pips before it really makes it's decision.
So...what do you guys think?
- #3,596
- Aug 2, 2012 8:20pm Aug 2, 2012 8:20pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
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