Disliked{quote} And the breakout target has been hit. Buy on dips still valid {image} {image}Ignored
- #22,265
- Dec 8, 2015 3:13am Dec 8, 2015 3:13am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #22,269
- Dec 8, 2015 2:03pm Dec 8, 2015 2:03pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Hi T@rantula, Could you please give me candlestick chart recognition indicator,if any. thanks
Here it is , enjoy it.
- #22,270
- Dec 8, 2015 2:03pm Dec 8, 2015 2:03pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Hello Nenad, could you upload the video from yesterday to YouTube, please?
Hi Dedalus,
it has been uploaded
Inserted Video
{quote} Hi Dedalus, it has been uploaded
- #22,272
- Dec 8, 2015 2:30pm Dec 8, 2015 2:30pm
- Joined Sep 2014 | Status: Don't make me use this! | 1,214 Posts
- #22,273
- Dec 9, 2015 2:28am Dec 9, 2015 2:28am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The NZDUSD has broken some bullish order blocks and surged upwards reaching 0.6790 zone. The move was initiated by a technical break of a previous order block just above inverted head and shoulders neckline. The move was rejected from the 0.6790 zone and we can spot head and shoulders pattern in progress.
We have 2 possible scenarios. POC is important here because the pair will either break or bounce. The POC zone (L4, 50.0, E89, ascending trend line) comes within 0.6595-0.6615 and only the break below 0.6690 will target lower 0.6560 and 0.6505 subsequently. If the pair bounces from POC we should watch for 0.6660 and 0.6690. Have in mind that 0.6690 will become the top of right shoulder so we could see some initial selling from that level. If you were following my webinars with Admiral Markets you know that we can use the top of the right shoulder as a confluence for short trades. Additionally our Sentiment Trader tool is telling us tat even lower time frames are indecisive now which confirms the twofold scenario further.
We have 2 possible scenarios. POC is important here because the pair will either break or bounce. The POC zone (L4, 50.0, E89, ascending trend line) comes within 0.6595-0.6615 and only the break below 0.6690 will target lower 0.6560 and 0.6505 subsequently. If the pair bounces from POC we should watch for 0.6660 and 0.6690. Have in mind that 0.6690 will become the top of right shoulder so we could see some initial selling from that level. If you were following my webinars with Admiral Markets you know that we can use the top of the right shoulder as a confluence for short trades. Additionally our Sentiment Trader tool is telling us tat even lower time frames are indecisive now which confirms the twofold scenario further.
- #22,274
- Dec 9, 2015 8:02am Dec 9, 2015 8:02am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
GBPUSD +150 from last session recap- not a single pip of a drawdown
NZDUSD +40 today's analysis
NZDUSD +40 today's analysis
- #22,276
- Dec 10, 2015 7:27am Dec 10, 2015 7:27am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The BOE's MPC voted 8-1 to keep rates unchanged at 0.5 % and there was no surprise for the market. We know that UK policy is determined by UK inflation look, so even fundamentally the pair is still dovish.
Technically any pullbacks within POC zone 1.5180-1.5200 could be sold into as the pair is showing a strong hidden bearish divergence. Remember - hidden divergence hints that the main trend will continue so the bears are still in control. POC zone ( H3, hidden bearish divergence,61.8, bearish order block,near term pin bar rejection) should reject the price towards 1.5100 and 1.5030 target zone. If 1.5200 gets broken we should also pay attention to 1.5260 which is the ultimate resistance point for bears (H4,historical sellers).
Technically any pullbacks within POC zone 1.5180-1.5200 could be sold into as the pair is showing a strong hidden bearish divergence. Remember - hidden divergence hints that the main trend will continue so the bears are still in control. POC zone ( H3, hidden bearish divergence,61.8, bearish order block,near term pin bar rejection) should reject the price towards 1.5100 and 1.5030 target zone. If 1.5200 gets broken we should also pay attention to 1.5260 which is the ultimate resistance point for bears (H4,historical sellers).
- #22,279
- Dec 11, 2015 2:29am Dec 11, 2015 2:29am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The BOE's MPC voted 8-1 to keep rates unchanged at 0.5 % and there was no surprise for the market. We know that UK policy is determined by UK inflation look, so even fundamentally the pair is still dovish. Technically any pullbacks within POC zone 1.5180-1.5200 could be sold into as the pair is showing a strong hidden bearish divergence. Remember - hidden divergence hints that the main trend will continue so the bears are still in control. POC zone ( H3, hidden bearish divergence,61.8, bearish order block,near term pin bar rejection) should reject...
- #22,280
- Dec 11, 2015 2:33am Dec 11, 2015 2:33am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi T@rantula, Any gift for this Christmas !!!
{quote} This whole thread is a gift, the best on the Internet, thanks T@rantula