DislikedIro, this TL could be crucial based on the latest unfolded waves. I believe it is the bottom line. IMOIgnored
daddybearforex. com
Trading Cartoons and Pics 2,829 replies
EUR/USD Trading Room 328 replies
Do The Trading Room 20 replies
DislikedIro, this TL could be crucial based on the latest unfolded waves. I believe it is the bottom line. IMOIgnored
DislikedThis 1.0322 level is a bull traps zone. A lot of bulls have been caught here.Ignored
DislikedI use simple approach to trading that is to keep neutral at all times, and open up to 2 possibilities at all times. Especially on aud/usd, it respect support/resistance and ABCD quite well.
I usually pick a trade when it's outside of a tight box zone of support/resistance which made it range bound. Being range bound, price usually have a tight consolidation, sometime it looks bullish after a breakout phase, sometime it look like a reversal, so i am least likely to pick a trade while price is trapped in a consolidation box.
It's important...Ignored
DislikedI use simple approach to trading that is to keep neutral at all times, and open up to 2 possibilities at all times. Especially on aud/usd, it respect support/resistance and ABCD quite well.
I usually pick a trade when it's outside of a tight box zone of support/resistance which made it range bound. Being range bound, price usually have a tight consolidation, sometime it looks bullish after a breakout phase, sometime it look like a reversal, so i am least likely to pick a trade while price is trapped in a consolidation box.
It's important...Ignored
Disliked"I never believe buying low or selling high, it's better to sell when it wants to move down, and buy when it wants to move up, so a trader don't catch a top or bottom, along side with some technical perspectives/indicators."
This has been my goal and still working on it. Not to guess or to pick the reversal points is a hard work.Ignored
DislikedNow, the bear party resumes. When will it end? I guess better off not to guess according to 5%'s message.Ignored
DislikedNow, the bear party resumes. When will it end? I guess better off not to guess according to 5%'s message.Ignored
DislikedThere are many different kinds of macd indicators out there i personally have a few, and because of the 1 minute time frame on LIVE RATE it's easier to pick a earlier entry especially when 23.6 is either controlled to target towards a retracement or 61.8 is rejected to fall back to 0/23.6, the main thing about macd is to pick a 0 or -0 position and to get into a ride and when volatility kicks in on a breakout/trend momentum, it's likely to be within the green side or -negative side right after the 0. I use a few ma to assist me as well, particularly...Ignored
DislikedIt seems to me that the odds of bear move to continue are equal to the odds of another bullish run.
Another thing to consider - monthly cycles - this was a bullish month and is bound to move aud to the new high by the end of the month (next week) - prior to starting a major reversal next month.Ignored
DislikedThe daily chart has a Doji conformed today. I'd say the Bears have upper hand until another Doji appears at the "bottom".
I don't follow monthly cycle. Have no idea abut it.Ignored
DislikedOne more point about the bearish view is based on EWP. I believe a down wave has been in the cards. This is to complete the pattern.Ignored
DislikedWell, Fibonacci says that 1.03 completes 0.618 retractment for the 3 wave pattern from 1.015 to 1.04 -Ignored