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  • #16,621
  • Nov 28, 2012 12:48pm Nov 28, 2012 12:48pm
Quoting maximmm
If I didn't know any better - just by judging by the momentum alone, it seems feasible that we'll see 1.05+ in the next 24 hours - yet... who knows.
May not so fast.
daddybearforex. com
  • #16,622
  • Nov 28, 2012 12:54pm Nov 28, 2012 12:54pm
The last 4 hour candle has shown the highest volume since august.
This is usually very bullish when PA is at the bottom of a trend, but at the top, and we are pretty much at the top, this may imply that this was the last push up that will be followed by a much bigger move down.

So, while PA may appear very bullish now, it may actually signify the end of the move up and beginning of reversal. This is something to consider.

Volume, is one of the most important indicators in forex, IMO.
  • #16,623
  • Nov 28, 2012 1:02pm Nov 28, 2012 1:02pm
Quoting maximmm
The last 4 hour candle has shown the highest volume since august.
This is usually very bullish when PA is at the bottom of a trend, but at the top, and we are pretty much at the top, this may imply that this was the last push up that will be followed by a much bigger move down.

So, while PA may appear very bullish now, it may actually signify the end of the move up and beginning of reversal. This is something to consider.

Volume, is one of the most important indicators in forex, IMO.
But then again, all that volume just might be the result of the Fiscal Policy hype. Big news like that acts as a catalyst to the upcoming PA. IMO, if it does consolidate with a bigger move down, I doubt we will see that this session. Perhaps Japan open followed by London Open tomorrow.
  • #16,624
  • Edited 2:26pm Nov 28, 2012 1:04pm | Edited 2:26pm
Quoting maximmm
The last 4 hour candle has shown the highest volume since august.
This is usually very bullish when PA is at the bottom of a trend, but at the top, and we are pretty much at the top, this may imply that this was the last push up that will be followed by a much bigger move down.

So, while PA may appear very bullish now, it may actually signify the end of the move up and beginning of reversal. This is something to consider.

Volume, is one of the most important indicators in forex, IMO.
Going to the top has never been straight ......

http://www.forexfactory.com/attachme...1&d=1345605404
daddybearforex. com
  • #16,625
  • Nov 28, 2012 1:04pm Nov 28, 2012 1:04pm
Quoting DaddyBear
Well, my projection only shows the general paths but no details. I don't have an answer to this matter. You have to look into current PA with a view of a consolidation.
Aud H1
Attached Image (click to enlarge)
Click to Enlarge Name: aud h1.gif Size: 29 KB
  • #16,626
  • Edited 2:27pm Nov 28, 2012 1:05pm | Edited 2:27pm
Quoting DaddyBear
Going to the top has never been straight ......
And, is 1.050X the top?
daddybearforex. com
  • #16,627
  • Nov 28, 2012 1:08pm Nov 28, 2012 1:08pm
Quoting m1dnightshad
But then again, all that volume just might be the result of the Fiscal Policy hype. Big news like that acts as a catalyst to the upcoming PA. IMO, if it does consolidate with a bigger move down, I doubt we will see that this session. Perhaps Japan open followed by London Open tomorrow.
Right, but we've already had fiscal cliff positive news events - ones which led to much bigger moves up yet with lower volume.
The point being, there may be a bigger significance to that volume uptick than most realize.

By the way, I agree that we are unlikely to see a straight up reversal tonight -
  • #16,628
  • Nov 28, 2012 1:09pm Nov 28, 2012 1:09pm
Starting to look bullish on the 1H - Price still holding above the cloud (Ichimoku)
However, this might be a good area for a strong future support level.
  • #16,629
  • Nov 28, 2012 2:32pm Nov 28, 2012 2:32pm
Quoting HelloOz
im so sad right now, that was 50pips i could gain tonight :'(
Don't look at what you could of had. Focus on your next trade. Learn and Move on
Good luck and may the odds be ever in your favor!
  • #16,630
  • Nov 28, 2012 3:16pm Nov 28, 2012 3:16pm
Quoting dbutton1990
Don't look at what you could of had. Focus on your next trade. Learn and Move on
couldn't agree more. gotta do that to thrive in trading.
  • #16,631
  • Nov 28, 2012 3:36pm Nov 28, 2012 3:36pm
Has current consolidation completed? If not, then at least 1/3 of it is still ahead. IMO
daddybearforex. com
  • #16,632
  • Nov 28, 2012 3:57pm Nov 28, 2012 3:57pm
Quoting DaddyBear
Has current consolidation completed? If not, then at least 1/3 of it is still ahead. IMO
if you long since the data release, congratulations.
50pips + 3 days swap.
  • #16,633
  • Nov 28, 2012 4:00pm Nov 28, 2012 4:00pm
Due to the railway switch, the red circle at blue arrow's end may fall off the LTL.

Note: This projection is not a recommendation of entering long or sort positions.

http://www.forexfactory.com/attachme...1&d=1342737455


http://www.forexfactory.com/attachme...1&d=1354077633
daddybearforex. com
  • #16,634
  • Nov 28, 2012 4:01pm Nov 28, 2012 4:01pm
Quoting HelloOz
if you long since the data release, congratulations.
50pips + 3 days swap.
Don't look back on your rear view mirror.
daddybearforex. com
  • #16,635
  • Nov 28, 2012 4:03pm Nov 28, 2012 4:03pm
Quoting DaddyBear
Don't look back on your rear view mirror.
sleep is more important
  • #16,636
  • Nov 28, 2012 4:07pm Nov 28, 2012 4:07pm
Quoting HelloOz
sleep is more important
Yes.
daddybearforex. com
  • #16,637
  • Nov 28, 2012 4:09pm Nov 28, 2012 4:09pm
Quoting DaddyBear
Yes.
do you sleep DB ?
http://www.forexfactory.com/attachme...%20hr%20ago%29
  • #16,638
  • Nov 28, 2012 4:15pm Nov 28, 2012 4:15pm
Quoting HelloOz
do you sleep DB ?
I am the one at lower left corner. BTW, what was so wrong about this cartoon?
daddybearforex. com
  • #16,639
  • Nov 28, 2012 4:24pm Nov 28, 2012 4:24pm
Quoting DaddyBear
I am the one at lower left corner. BTW, what was so wrong about this cartoon?
They are sleeping like babies. I guess you were thinking something abnormal.
daddybearforex. com
  • #16,640
  • Nov 28, 2012 4:24pm Nov 28, 2012 4:24pm
Quoting DaddyBear
I am the one at lower left corner. BTW, what was so wrong about this cartoon?
Apparently the Bear was on top before they both fell asleep, is what was so wrong.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
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