Aussie Trading Room and Cartoons Gallery

Quoting forexalien

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New M15 candle, and the black 8,3,3 crossed the 80% printing another long candle............. If the M5 green stochastic crosses the 80% more longer term strength will appear............. {image}

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Quoting tashkent

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{quote} the chart itself gives so much clearer view what is going on in the market. i would probably never understand the benefit of all those indicators. it is like wearing sunglasses in the dark to me. bravo if you can trade within such a mess hope someday will understand the secret of using them.

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Quoting forexalien

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This one might be too messy to see, but look at the PA when the Black 8,3,3 stochastic crosses the 80% up or the 20% down. In this example the Black 8,3,3 stochastic crosses the 80% line long , BOTH on the M1 and the M5 together , this is where you get the most movement when more TF's cross the 80% or the 20% together at the same time, If the M15 was crossing at the same time as the M5 and the M1 , this thing would go wild. And on the M1 the black 8,3,3 the second time turned back up pushing PA further up...............well the stochastic did not...

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Quoting mattheweston

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Take this with a grain of salt as I'm still learning myself, but .... IF no one else will offer some insight, I will post my projection. To me, it looks like we've been in a ranging/sideways pattern since the big drop on 6/19. I would think this would mean consolidation and with the bullish ascending triangle we should be looking to breakout to the long side once we break 0.9300. One question though for people who are knowledgeable about drawing trend lines. Do you draw a trend line where I have on the bottom wicks or do it on the fatter part of...

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Quoting HelloOz

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this week is the calm before storm.. next week data can bring alot of tears or smile to alot of people.. be prepared..

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Quoting zOrO2kX

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{quote} Alien, is that Scholastic 21 + SMA 14 and what else?

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Quoting Arman_A

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According to my projection AU will hit the 93500 mark then fall sharply again before the week is out. Agree? disagree?

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Quoting 2+2=4ex

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{quote} It appears to have a clear path to 0.9325 where I see resistance starting to kick in. The resistance area appears to go to 0.9350 and possibly higher. This game is too difficult to nail it down to a pip or even a handful of pips, so I would say around and between 0.9325 and 0.9375 looks like a likely turning point. Of course this is all speculation based on technical analysis. Fundamentals and predominant trend has been short. Personally, I would not enter at current price (0.9262). I find it to be a little bit too risky. I would wait until...

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Quoting Arman_A

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According to my projection AU will hit the 93500 mark then fall sharply again before the week is out. Agree? disagree?

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Quoting oztrader79

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{quote} Show your chart why or why not you think it. Otherwise it sounds like a guess... Also then you can get feedback to help improve your trading.

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Quoting 2+2=4ex

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{quote} You can look at your own chart and you should be able to see what is being talked about.

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Quoting oztrader79

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{quote} Of course, and I do. I think the thread is better served though, that when people make a call on the price directionthat they post a chart showing how they got to that conclusion, otherwise it has little meaning. edit: apologies, I also mean if no chart, to elaborate on the how or why they have come to that conclusion.

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Quoting forexalien

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H1 is making a Flag......... {image}

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