Well that has got me scratching my head! The 1.618x calc stands though - the pivot line was only for correlation or confluence. I wont be hanging out that long on any first move up anyways - daily pivot to 3 day high, more than sufficient to top up my swag bag today. Interesting issue.
It's really quite simple. GMT charts start a new week from Sunday/Monday midnight at 0000. This week's big difference comes from the big range gap down trade on Sunday night.
i suspect when yankies join the party they might say come on man lets change the music shall we? from dread full to cheer full or cheer full to dread full
who knows???
or they might just say ok kool; music is fine just increase the bass
i suspect when yankies join the party they might say come on man lets change the music shall we? from dread full to cheer full or cheer full to dread full
who knows???
or they might just say ok kool; music is fine just increase the bass
Well, that looks like a spike to me - we also at MyWave 13 on the intermediate 240min chart. Anyone recall those?
So that is a thrust out of a descending triangle on a MyWave 13...ummmm....Looking for reversal..........
next barier is 1.29 - buys ahead -but this could be on of theese "take no hastages" days - 61.8% fib broken - those who waited for the gap filling may start to chase
following up with my 2900/10ish area target see yellow box for support, i think while below 50 we can make a stab at it today. double abcd targets in the 2900 area making buying against 2900 a good risk reward for a big rally.
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
English
Español
Français
中文
Deutsch
Italiano
العربية
Sverige
Ελληνικά
Posting Permissions 
Originally Posted by Clivewaverider 
