Dislikednothing is so special about 3126 actually Tom, it's just my prediction of W1 100% target,..Ignored
T
"I know one thing, that I know nothing." Sokrates
EurAnalysis Kindergarten 24 replies
Dislikednothing is so special about 3126 actually Tom, it's just my prediction of W1 100% target,..Ignored
DislikedHa Ha! Ok I understand it is very risky doing counter trend with bullish PA.
Lets see What I have.
1. Picking up the Top: If I am buying it then it applies to Me, Since I am selling so I am actually taking the good values for the day to Short.
2. Overbought Pairs: All the EUR pairs were over 150 + pips for the day and it is not any intervention. It is Smart Money which is playing for hunting Stops.
3. Weekly Target: To me it is best RnR. In Monthly we have strong Resistences till 1.3080 and Heavy Supply. On the Low there is enough room...Ignored
When a "full marubozu" occurs, or one that is very close to
full, it is very well worth noting. If it is a white candle, then
it signals extreme conviction among buyers. Conversely, if it
is a dark candle, then it indicates sellers were eager to flee.
As always, you should pay careful attention to the next day's
trading to see if there is follow through. A full or nearly full
Marubozu implies that there is strong buying or selling
interest depending on the color. If there is follow-through
early the next day, the stock is likely to trend in that same
direction for the next few sessions. That awareness can be
important for the trader.
DislikedYes, I have understood it is your prediction, I was just hoping you could share part of your analysis. I am now recalculating my targets because of this move and would like to know what others think of it. And I like math, to be honest .
TIgnored
DislikedCan't argue with #1. We pick the best place for our entries based on our conviction and they pray for the best.
For #2, the is no overbought condition in an uptrend as there are no oversold conditions in a downtrend.
For #3 and 4, if you are convinced there's good resistance at the 1.3080 level, wouldn't it be better to wait for that level and pick that top as you seem to believe it will offer good resistance? Once we near that level and your now 270 pips in the hole, you'll start to wonder "well, maybe I should have waited for...Ignored
DislikedWhat I'm saying is that every resistance level and "it will go down from here" all of us have called for (the bear crow in this thread) has proven to be as solid as wet toilet paper, barely pausing, if at all, before pressing hard north.Ignored
DislikedI use 2146 as 0 fib level which is the low point of the candlestick which is vertically aligned with the lowest value stochastic line,
and 2636 as 50 fib level which is the high point of the candlestick which is vertically aligned with the stochastic line that crosses level 50 stochastic
.Ignored
DislikedNow that is very interesting system of measuring possible trend strength. I knew doblece wouldnt vouch for you otherwise, so I was really looking forward for it.
Stoch can be usefull indicator and setting it at 98 days really could be good setup for wave of this lenght. Good luck with your research, I hope it pays out.
Thx,
TIgnored
DislikedCGB Mate,
Please don't mind I find you little disturbed from last two weeks. Everything ok there?Ignored
DislikedWhen the markets hit their top and we're very, very close to that point, where will the money go? Into the US dollar? Some of it will, alot will go into gold/silver but what about the rest? Best short term yields right now are in Europe and they are guaranteed by the ECB as the ECB no longer has preferred status anymore.
To me the question is now; Which one fill fall harder? Europe or the USA.Ignored
DislikedYes, I have understood it is your prediction, I was just hoping you could share part of your analysis. I am now recalculating my targets because of this move and would like to know what others think of it. And I like math, to be honest .
TIgnored
Disliked.Now since 7 (a prime) is not on the default FibTime tool, add it. What's the date of that? Wanna bet we'll see another explosive move then?Ignored
DislikedCGB agreed!
Now as far as candle stick pattern is concerned, we have to wait for Monday candle close to agree on Marubozu.
I am pretty much sure I do not have to wait for 1.30 level for break even my positions, Monday UK session first half will be enough for me to set those at BE.Ignored
DislikedThanks for asking Rekon, just pissed because I didn't close some shorts from a far lower level and feeling the pain from them right now.
There's also a growing concerns I have about the US dollar. I am more and more of the belief that it will continue to weaken and collaps under it's own weight. Forget the issues in Europe being solved or not, forget the notion if Spain/Italy will come crying for a bailout on their knees, or if Greece is not meeting the Troika's requirements for their bailout.
Indications right now are that the US ecomony is...Ignored
DislikedMate, I think you wanted to say lower IR at start.
Otherwive, you have made very good point here. They are not guaranteed yet, but once Nations apply, there really will be party in bond markets here.
For me, question is not who will fall harder, but who will fall first. I am still betting Europe .
Edit: Btw, sorry for your loss. Didnt knew you had any, I still dont watch those other pairs that much, so i cant watch entries.
TIgnored
DislikedA Marubozu candle is a single candle pattern. What we need to see over the next few days is confirmation of trend (bull continuation or reversal).
http://www.candlesticker.com/Cs14.aspIgnored
DislikedOkey, I understand now.
Without discussing further E/U will go up more or down on Monday can you do one thing?
Can you hedge the position with some other pair say UsdJPY or EURCHF or EURJPY.
Do not touch E/U or add further positions untill a confirmation candle on Weekly.
My 1+1 = 2 cents
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