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  • #999,501
  • Jun 9, 2015 12:27pm Jun 9, 2015 12:27pm
Quoting mkvy
{quote} we are in an uptrend, double bottom 16 march and 13 April
Since when does a double bottom mean a confirm uptrend?

Zoom out and you will see that it is still in consolidation.
Could even be a trend continuation flag/pennant.

Current stage can only be called an "upward correction" at best.
  • #999,502
  • Jun 9, 2015 12:28pm Jun 9, 2015 12:28pm
Big sharks are unloading their shorts nicely at maximum profit.
They are driving small fishes by damn money sucker media to sell then they are buying all of them. Small fishes are always remain small cause they can easily be fooled by those money suckers.
You cannot learn better without losing
  • #999,503
  • Jun 9, 2015 12:31pm Jun 9, 2015 12:31pm
Quoting Alex.C
{quote} Since when does a double bottom means a confirm uptrend? Zoom out and you will see that it is still in consolidation. Could even be a trend continuation flag/pennant. Current stage can only be called an "upward correction" at best.
It does not confirm, its just a clue to a possible trend change. higher highs / higher lows on the 4 H chart confirm it
  • #999,504
  • Jun 9, 2015 12:33pm Jun 9, 2015 12:33pm
Quoting mkvy
{quote} It does not confirm, its just a clue to a possible trend change. higher highs / higher lows on the 4 H chart confirm it
makes sense. my bias - long term downtrend became pretty weak, so this may be the start of a new trend...
As Above, So Below
  • #999,505
  • Jun 9, 2015 12:34pm Jun 9, 2015 12:34pm
Quoting mkvy
{quote} It does not confirm, its just a clue to a possible trend change. higher highs / higher lows on the 4 H chart confirm it
Ok I see why you say its uptrend.

I use weekly chart to determine trends.

Cheers mate.
  • #999,506
  • Jun 9, 2015 12:35pm Jun 9, 2015 12:35pm
Quoting tashkent
{quote} makes sense. my bias - long term downtrend became pretty weak, so this may be the start of a new trend...
price may reach 1.16 to make a higher high...
  • #999,507
  • Jun 9, 2015 12:36pm Jun 9, 2015 12:36pm
Quoting Alex.C
{quote} Ok I see why you say its uptrend. I use weekly chart to determine trends. Cheers mate.
Yes, depends on which timeframe completely
  • #999,508
  • Jun 9, 2015 12:37pm Jun 9, 2015 12:37pm
Quoting mkvy
{quote} price may reach 1.16 to make a higher high...
too early for that. there are lots of accounts to be burned until then
As Above, So Below
  • #999,509
  • Jun 9, 2015 12:42pm Jun 9, 2015 12:42pm
Quoting Pharm0r
{quote} ADR and ATR get me. Seems like the same thing- but different names.
Nope they are different . ATR has its own conditions. Look for Average True Range and its formula.
  • #999,510
  • Jun 9, 2015 12:42pm Jun 9, 2015 12:42pm
Quoting mkvy
{quote} price may reach 1.16 to make a higher high...
Even a move to 1.2000 doesn't qualify this as an uptrend imo but as a correction monthly chart.
We watch the charts from every angle so you don't have to!!
  • #999,511
  • Jun 9, 2015 12:46pm Jun 9, 2015 12:46pm
Quoting tashkent
{quote} too early for that. there are lots of accounts to be burned until then
1.1750 on 26th June
  • #999,512
  • Jun 9, 2015 12:48pm Jun 9, 2015 12:48pm
Quoting Rockerzeus
{quote} Nope they are different . ATR has its own conditions. Look for Average True Range and its formula.
But which is better? I've used ATR the whole time, yall folks use ADR.
  • #999,513
  • Jun 9, 2015 12:49pm Jun 9, 2015 12:49pm
Beginning of a strong high. Stay tuned to the fundamental analysis
Attached Image (click to enlarge)
Click to Enlarge Name: Inicio de uma alta forte. Ficar atento com as analises fundamentais.jpg Size: 133 KB
  • #999,514
  • Jun 9, 2015 12:57pm Jun 9, 2015 12:57pm
so we have short winner long winners and we are in a middle
  • #999,515
  • Jun 9, 2015 1:02pm Jun 9, 2015 1:02pm
Thought of the day,

I like to see my account rising, but unfortunately it only rises when i fund it ))
  • #999,516
  • Jun 9, 2015 1:18pm Jun 9, 2015 1:18pm
Elementar meu caro
  • #999,517
  • Jun 9, 2015 1:19pm Jun 9, 2015 1:19pm
Quoting Pharm0r
{quote} But which is better? I've used ATR the whole time, yall folks use ADR.
The ADR misses the gaps, which the ATR takes into account. But for me these 'gap's in forex shoudn't count because they mostly only happen when the market is closed. (Of course it's never really closed but, they happen when the main players aren't in play, and I want to know what the odds are that it will move x or y pips when the main players are playing.)
  • #999,518
  • Jun 9, 2015 1:24pm Jun 9, 2015 1:24pm
Quoting Ken A
{quote} Another go {image}
s 1288
risking 15
  • #999,519
  • Jun 9, 2015 1:27pm Jun 9, 2015 1:27pm
close long @ 1.1286(from 1.1229)


https://charts.mql5.com/8/66/eurusd-...services-2.png
don't predict direction, but dance with flow of water
  • #999,520
  • Jun 9, 2015 1:31pm Jun 9, 2015 1:31pm
Name this candle pattern, and where does it go afterward most times
Attached Image
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