So, does anyone here trade using Ichimoku? I've been to ichi360 site and got a few, ideas....I just wanna discuss how to trade using this indicator, anyone up for it?
ANYONE HEAR WWHATS GOING ON IN EQUITY WORLD? DOW DOWN 40 POINTS IN LAST FEW MINS
The Dow might be negative if not for Exxon and Chevron both up strongly on oil prices. This is not a real rally. Alcoa sold off after earnings which could be a harbinger for the market's reaction to good earnings which may already be priced in.
The last HnS I identified is now nearing completion.
If e/u takes a negative gradient breather and starts the 2nd leg down then we might improve the low but this is the best part new high expected as per simulation at 29021! Yes only 2 pips lower!
The Dow might be negative if not for Exxon and Chevron both up strongly on oil prices. This is not a real rally. Alcoa sold off after earnings which could be a harbinger for the market's reaction to good earnings which may already be priced in.
I think these stock markets are grossly overbought but I honestly don't think we'll have a real market collapse while the Fed is continuing this QE program. Its kind of a strange situation with artificial support to the markets, and a healthy correction needed in my opinion.
EUR/USD 5-minute Wave 4 Termination Bounce on Progress
EUR/USD 5-minute Chart Wave 4 Termination Bounce on Progress
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