Very very exciting - thrust out of a triangle on short term charts is terminal under EW theory - 2pm candle? Short under daily pivot waiting. Target increased to 1.3055. Glad I banked at 1.3170!!
Last edited by Clivewaverider; 04-27-2012 at 09:02 AM.
when weekly time frame is in play expect any thing in lower time frames, specially wrong signal on both sides of lower time frame, to me if daily candle closes above 1.3251-52ish then my 1.3125-26 number will be invalidated, upside 1.3272-74 is important, then we are most probably heading towards 1.3474
good luck all!! check my daily charts for more clear viewing !
bulls and bears are fighting around the line both trying to keep the line!
thank you!
Because you are a breakout trader, I thought that you would mention that very obvious consolidation basing pattern. So I had to give a heads up when you didnot.
Very very exciting - thrust out of a triangle on short term charts is terminal under EW theory - 2pm candle? Short under daily pivot waiting. Target increased to 1.3055. Glad I banked at 1.3170!!
thumbs up mate i bought this babe right where you banked, took some bucks @ 3230 and other 50% i will hold bit longer lets see how this number "1.3272-74" plays off
Because you are a breakout trader, I thought that you would mention that very obvious consolidation basing pattern. So I had to give a heads up when you didnot.
no i am not a break out trader i take position "well before" break outs happen; if you have had following my post you could never said that
are also appr. equal in value. And only some 30-40 pips away makes it likely that we get there today.
The upper Boll20 bands in all the intraday timeframes have been tagged. It's still a little early to expect a reversal, but this is where to expect negative divergence to start developing.
are also appr. equal in value. And only some 30-40 pips away makes it likely that we get there today.
The upper Boll20 bands in all the intraday timeframes have been tagged. It's still a little early to expect a reversal, but this is where to expect negative divergence to start developing.
The more likely it will continue to be supported by those with deep pockets.
The weekly upper Boll20 band is currently around 1.34745 and dropping. Maybe sometime next week ???
The settings for the Boll20 is 20 period Moving Average with 2 standard deviations.
I keep the 2 standard deviation setting for all the Bollinger bands I use; I just vary the Moving Average parameter.
For a Boll300, the Moving Average parameter would be 300 instead of 20.
On a 1min chart, using a Boll300 would be equivalent to viewing a 15min Boll20 or a 5min Boll60.
The settings for the Boll20 is 20 period Moving Average with 2 standard deviations.
I keep the 2 standard deviation setting for all the Bollinger bands I use; I just vary the Moving Average parameter.
For a Boll300, the Moving Average parameter would be 300 instead of 20.
On a 1min chart, using a Boll300 would be equivalent to viewing a 15min Boll20 or a 5min Boll60.
good i like it!
price may come down to check the break out zone to confirm is it real break or fake plus i will tell you another parameters for BB which real pro traders use and it will help you alot i guess, have you seen my BB chart with other indicator "atr" how they both perfectly work with each other ?
Spanish govt given a very dismal outlook in its eco report. Proj 24.2% unemployment to peak in 2013. Sees GDP growth of less than 2.0% for next three years and 2013 less than 0.5%.
Uh, this is a problem yet the mkt seems to be ignoring all this. Come on traders, get your head out of the sand.
I was just looking the the spread between Spanish and Germany 10yr government bonds. See image below. It looks like the downgrade was already priced in. We can trade this "spread" if we see that we a drop under 4% then this is EUR/USD bullish. If we trade above the most recent highs (4.36) then this is bearish.
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Originally Posted by turmaz 
