The Really Useless Thread

Quoting sisse

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{quote} You need to provide context mate otherwise is hard to see what you are looking for. Put some TFs references and name/ref your indicators (you have a collage of indicators std channels, an oscillator and some kind of RSI, you need ref 3? 14? 21?, we need to know what type otherwise is just random and hard to trigger any conversation.... {quote} no not really. I am not talking about candle formation/wicks ...definitively not what i was talking about ... Let's do a live 'fake' bet for this explanation -> I give you 2 levels: ->. 1.130x ->....

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Quoting IMARICH1

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For MIDTERM the TOP could be .14XX but I picked the current range lines and not as a TOP( TOP of RANGE). I mean PA could go thru .1354 but its been a TOP for SHORT TERM. If I am picking a TOP for MIDTERM it would be in the .14XX and LONG TERM it could be .17XX which I doubt for 2016-2017 unless FA changes.

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Quoting IMARICH1

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135X to .14XX it is met with SUPPLY;

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Quoting IMARICH1

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Support is where PRICE stops falling and when BULLS come in to go LONG. Resistance is where PRICE stops climbing and when BEARS come in to go SHORT.

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Quoting hoom

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{quote} Euro map still the same since summer Momentum areas depends on the pattern used no ? in this case while we're in a neutral range , I guess that price should swing to either sides extanding the distribution area on high volume with minimal retrace . Momentum lines 1.130x - 1.119x ? maybe I need to zoom out !! How to spot momentum as accurate as possible ?

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Quoting hoom

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Candle wicks from the upside are longer than the ones from the downside , how to use that as an indicator of what side has the most pressure and how much is it reliable by experience ? what is better for S/R calculations on a breakout and retest for reference , the wick open/close value or the body open/close value ?

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Quoting Pharm0r

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My momentum lines are here..... You have to define momentum sisse, will soft hands be run? sure- but only for 40 to 50 pips either way imo 1.1200 will most definitely run immediately down to 1.1150ish {image}

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Quoting Pharm0r

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My momentum lines are here..... You have to define momentum sisse, will soft hands be run? sure- but only for 40 to 50 pips either way imo 1.1200 will most definitely run immediately down to 1.1150ish, but you're risking being a sucker if it holds and now you've sold the bottom. I hate momentum... {image}

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Quoting IMARICH1

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Oh my....and to think we were having such good relations up until now.....honeymoon is over... Okay, maybe I don't know how to define it.... R= is when price tries to get thru an area/level UPWARD and can't as it is met SELLERS and goes Down which INDICATES BEARS in CONTROL and back to find an area of SUPPORT which is an area where PRICE can't go DOWN more and met with BUYERS and PRICE goes up.

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Quoting Earleone

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B. Momentum Short with 1.120x taken In my view momentum is to the downside. The down legs has stronger momentum then the up legs since the end of April. We have 2 sharp down legs and 5 smaller up legs. Rate hike in September is unlikely IMO. And we can see 1.1425 area before we see 1.0850 area. But momentum to upside will be weak and is limited compared to the downside where I think we can get a knee jerk move with strong momentum. {image}

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