The More You Learn, The More You Earn.....
Alien's Extraterrestrial Visual Systems
- #3,905
- Feb 6, 2014 11:46am Feb 6, 2014 11:46am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #3,906
- Feb 6, 2014 11:47am Feb 6, 2014 11:47am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #3,910
- Feb 6, 2014 12:26pm Feb 6, 2014 12:26pm
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{quote} DRAG-HIGH are rock!!I think my conditions is smaller than you (including my bad-SELL-entry
) let me share my view H1 : RSI Long, DS also heading north, but without significant strength (ADX) behind it H4 : RSI going Long (but personally I don't admit it as already long), DS already on top, also without significant strength (ADX) behind it. And at this TF, I still bear still have control (indicated with ADX) D1 : RSI going short (we can say it not yet short), DS try to climb from bottom, ADX bear weakening. But be...
Journey is more important than destination
- #3,911
- Feb 6, 2014 1:56pm Feb 6, 2014 1:56pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
This is what i think will happen to EU because of today's market.
Below is a screenshot of daily chart,if you take a closer look to weekly you will see that is forming a DS setup, it could cross right away at 50 line or at 20 line.
Also there is no bearish divergence at the past of the run on weekly tf, so this is what i'm thinking:
► Price will test the last high 1.3890 or break through it
► Once tested or broken it will form a divergence on RSIOMA weekly tf (because it is already falling and further rising on price will not make too much impact now, IMO)
► In Alien words, i would think this is the 1st wave down,2nd wave is coming.
► Also look to heiken ashi candles on weekly, they have upper and lower wicks and a small body indicating indecision or consolidating.
Just my 2 cents.
Below is a screenshot of daily chart,if you take a closer look to weekly you will see that is forming a DS setup, it could cross right away at 50 line or at 20 line.
Also there is no bearish divergence at the past of the run on weekly tf, so this is what i'm thinking:
► Price will test the last high 1.3890 or break through it
► Once tested or broken it will form a divergence on RSIOMA weekly tf (because it is already falling and further rising on price will not make too much impact now, IMO)
► In Alien words, i would think this is the 1st wave down,2nd wave is coming.
► Also look to heiken ashi candles on weekly, they have upper and lower wicks and a small body indicating indecision or consolidating.
Just my 2 cents.
Work smarter,not harder
- #3,915
- Feb 6, 2014 3:15pm Feb 6, 2014 3:15pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Work smarter,not harder
