{quote} The line? The range? {image}
I disappear. Bye!
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #19,221
- May 7, 2014 9:33am May 7, 2014 9:33am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
I disappear. Bye!
- #19,227
- May 8, 2014 1:20am May 8, 2014 1:20am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Asia very important today not understand why no one here Maybe I'm excited much !! Ok will know soon
Today I dont think much will happen prior to Bid rate announcement and ECB press conference. The only way i can analyse this ( because this is fundamental day) is to go through the levels. We can see a bullish pennant with a flag. The height of Flag pole gives us potential price target. If the pennant is broken to the upside intraday targets suggest 3985 and 1.4000 ( important psych level also ). Now according to flag analysis, the price may extent to 1.4058 but i dont think it will happen today. The targets which we should concentrate on are 1.3895 and 1.4000 to the upside.
To the downside we can see 1.3880 as important level. Break of it targets 1.3851 and 1.3815 subsequently. If rate is cut we may see 1.3785.
- #19,228
- May 8, 2014 2:23am May 8, 2014 2:23am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #19,230
- May 8, 2014 3:37am May 8, 2014 3:37am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #19,232
- May 8, 2014 4:48am May 8, 2014 4:48am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} I will do as always respect my chart and trade it News will do what chart says BTW You keep posting mostly same point like mine i see it and smile and of course give me more confidence catch u later
The speed of the this line is 1/4 of normal speed, which speed is 2.54 pips / bar H4.
2.54 / 4 = 0.63 pips / bar H4.
There are already 13 H4 bars.
A more important question is what do you expect from this level?
I write several times, for me, the support is important to attack the 1.41. What about you?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #19,234
- May 8, 2014 6:31am May 8, 2014 6:31am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
G/U ALL TF Bearish pattern and many long looks to me drop will come but where can put SL 7020 maybe T?
For short trades its not good r:r as stops should be where u said- 7020. Still id rather wait. Sometimes not having a position is equal to a profitable one
- #19,235
- May 8, 2014 6:40am May 8, 2014 6:40am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
{quote} I had a long today at 6950, closed for 15 pips. No big volatility as expected. For me it looks like a potential drop first towards 6950-20 then possibly towards 7020. For short trades its not good r:r as stops should be where u said- 7020. Still id rather wait. Sometimes not having a position is equal to a profitable one
I will sell with small sl 7015 and sell limit 6980 and target zone 6890
- #19,237
- May 8, 2014 7:42am May 8, 2014 7:42am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} I was sleeping
