This Hammer with a Bullish Harami/IB on the 1d makes me think that I could look much farther for a t/p if I wanted to, but do I want to? There are lots of pips hidden in those swings. 
"Keep your eyes on the helpers" - Mr. Rogers
- #221
- Oct 26, 2015 5:35pm Oct 26, 2015 5:35pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
- #223
- Oct 26, 2015 8:01pm Oct 26, 2015 8:01pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #224
- Oct 27, 2015 10:16am Oct 27, 2015 10:16am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Still holding... I am in against a massive 1w bear run. Will it even break resistance at all, or should I consider getting out the first chance I can with a profit before price turns against me again? I wish I could predict which way price was for sure going to break.
Any one else know????
Any one else know????
"Keep your eyes on the helpers" - Mr. Rogers
- good hidden divergence - Went long this morning {image}
shorted this morning on a sell signal with the NZD/USD - but molasses took over on the EUR/USD and NZD/USD - got out at +14 - confused now
Still holding... I am in against a massive 1w bear run. Will it even break resistance at all, or should I consider getting out the first chance I can with a profit before price turns against me again? I wish I could predict which way price was for sure going to break. Any one else know????
- #226
- Oct 27, 2015 11:20am Oct 27, 2015 11:20am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
I am with you on the long side. I did some additional research, and these charts helped me continue to think long. Nice job on your pips. If your confused, I would say just don't force it you know, and see something that really is not there. I do that sometimes, when instead I should just step away....
Here is a chart from Sept. 2014 which shows strong resistance, now support at that price which gave us that very nice 4hr BEOB a few days ago. This is another reason that it may be a good idea for me to be holding this trade, as that area from Sept. 2014 that was resistance and is not support held. I would not be surprised to see another test of support before it heads of on what is hopefully an exceptional bull run!
The second chart is from June 2015 where the actual resistance was broken and support was retested and held.
Last Friday, and into this week than is the first time since June 2015 that price has come back to this area, and so far, support has held. But, we may see a test lower, but I am thinking that will quickly rebound higher for a nice bull run.
This eur/nzd trade could turn out to be a good one. But. this pair can take them away as quick as it can let me have some.
Here is a chart from Sept. 2014 which shows strong resistance, now support at that price which gave us that very nice 4hr BEOB a few days ago. This is another reason that it may be a good idea for me to be holding this trade, as that area from Sept. 2014 that was resistance and is not support held. I would not be surprised to see another test of support before it heads of on what is hopefully an exceptional bull run!
The second chart is from June 2015 where the actual resistance was broken and support was retested and held.
Last Friday, and into this week than is the first time since June 2015 that price has come back to this area, and so far, support has held. But, we may see a test lower, but I am thinking that will quickly rebound higher for a nice bull run.
This eur/nzd trade could turn out to be a good one. But. this pair can take them away as quick as it can let me have some.
"Keep your eyes on the helpers" - Mr. Rogers
- #227
- Oct 27, 2015 4:46pm Oct 27, 2015 4:46pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
I like that looks of this 1d chart all the way! I am very optimistic that with the bullish close on the 1d, that today, into the next few days might be what I have been waiting for. In my eyes, this is more validation that long is the answer and the direction of what is coming at least in the short term!
"Keep your eyes on the helpers" - Mr. Rogers
Elliott wave analysis of EUR/NZD for October 28, 2015
We are still looking for signs of a bottom being in place. As long as minor resistance is seen at 1.6390, we must accept a possibility of one more decline closer to 1.5882. A break above minor resistance at 1.6390 will be the first indication that the bottom is in place, while a break above more important resistance at 1.6546 will be bullish for a rally to 1.6950 and only above here will confirm the bottom.
Trading recommendation:
We will buy EUR at 1.6080 or upon a break above 1.6390 (one order done cancels the other).
We are still looking for signs of a bottom being in place. As long as minor resistance is seen at 1.6390, we must accept a possibility of one more decline closer to 1.5882. A break above minor resistance at 1.6390 will be the first indication that the bottom is in place, while a break above more important resistance at 1.6546 will be bullish for a rally to 1.6950 and only above here will confirm the bottom.
Trading recommendation:
We will buy EUR at 1.6080 or upon a break above 1.6390 (one order done cancels the other).
- #232
- Edited 5:26pm Oct 28, 2015 5:05pm | Edited 5:26pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #234
- Oct 28, 2015 6:53pm Oct 28, 2015 6:53pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
- #235
- Oct 29, 2015 6:47pm Oct 29, 2015 6:47pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Currently long on yesterdays close and the fact that we are sitting on strong support as mentioned in earlier posts.
"Keep your eyes on the helpers" - Mr. Rogers
- #237
- Oct 29, 2015 7:08pm Oct 29, 2015 7:08pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
"Keep your eyes on the helpers" - Mr. Rogers
