Perhaps you are still not convinced. See The chart below in a bigger time frame. Let me tell you that this is a normal indicator like all other indicators. It prints Blue arrows when price is rising and Red arrows when price is falling. But, When there is abnormality in its behavior that position indicates a good signal for us. In the chart below you can see there are Blue arrows Below Red arrows (Indicated by free hand drawing). Normaly it should be Red Below Red but here it is not so. you can verify in every case there was change in the trend.
This is the simplest example. There are no more simple examples so please don't ask again if you still cannot understand the strategy/System.
So, in the context of posting on a forum where people exchange their ideas and strategies to learn from and help each other, what are you implicating? I don't think we're here to justify to others how brilliant our systems are, but to share and learn openly. How are other forum members supposed to generate those arrows on their own charts to see how it can add to or improve their own system? Are you going to post your 'indicator' as you mentioned for others to use on their charts, or are you going to share how the arrows are generated? I think this is the part that you just, as Patryk put it, 'don't get it'. If you don't want to tell, then what are we supposed to get from your charts? Are we next expected to sign up to follow your service to see when the abnormal arrows appear?
Perhaps you are still not convinced. See The chart below in a bigger time frame. Let me tell you that this is a normal indicator like all other indicators. It prints Blue arrows when price is rising and Red arrows when price is falling. But, When there is abnormality in its behavior that position indicates a good signal for us. In the chart below you can see there are Blue arrows Below Red arrows (Indicated by free hand drawing). Normaly it should be Red Below Red but here it is not so. you can verify in every case there was change in the trend.
This is the simplest example. There are no more simple examples so please don't ask again if you still cannot understand the strategy/System.
GUYS DO WE HAVE TO PRINT THE 2400 LEVEL FIRST THEN RETRACE. OR RETRACE FIRST THEN 2400 LEVEL??
REPHRASE ( IN BOTH WAYS WE ARE GOING TO GET 2400 AS LONG AS WE ARE TRADING BELOW THE 2480 LEVEL)
Well.. SPX failed numerous times into the 1330ish lvl.. Currently working a 4 hrs breakout to the downside.. On 30 mins we are already down and so far staying under to it.. 1318 comes in imp for today as a break under and 1305-08 comes into play in coming days..
USD for today I'm extending the tgt from 10250 to upto 10254....
USD currently 10235 was an initial resis and has provoked a retrace.. though would expect better retrace from 10252-54 spot..
AUD fell from 9801-10 zone hitting min 9745.. 9720-24 is main supp though and 9700 critical for been a possible neck of the HNS on weekly charts..
What I stated earlier on the euro based on 15 mins and 8 hrs; I'm posting charts now on it..
Fair to say, USD is on the driver seat for now.. and until / unless it flip flops, why fight it......
GL...
the trend is showing signs of weakness for the bears. positive diverg on 4 hour and 30 min. if this is a true sign, we can head back up to the weekly pivot @ 1.26xx area.
SO THE NEWS BOUNCE THE EURO FOR AROUND 40PIP REACHED 2470 JUST SHY OF MY HUNTING LEVEL 2480 UMMMMMMM WHAT AM THINKING IS EVEN THO WE GOT A BOUNCE BUT THINGS STILL INTACT TO BEARISH SIDE AS LONG AS THE PRICE ACTION SAYS 2480 IS A RESISTANT LINE
P.S: AM A FAN OF PRICE ACTION NOT A NEWS DRIVEN
FOR THE TIME BEING AM TOTALLY DISAGREE, 2480 IS THE LEVEL YOU HAVE TO WATCH FOR ABOVE 2500 ABOVE WE GONNA REVERSE AND WE MAY MOVE ABOVE YOUR MENTIONED LEVEL BUT TILL NOW THE MARKET SENTIMENT IS TOTALLY BEARISH DON'T BIT ON IT PLZ, MUCH RESPECT
YOUR FRIEND JAMIL
euro zone joint debt? would that brings us one step closer to one world currency?
The world is a tad too big for that. Euro is wobbly and nearly falling apart, and no one-north-American currency in sight (give me a break on the Amero). And don't forget, the Russians and the Chinese are not to be messed with asking them to surrender to one-world-whatever.
The Germans would go to the ballot box in 2013. Then we will truly find out joint debt or joint-hips or not.
the trend is showing signs of weakness for the bears. positive diverg on 4 hour and 30 min. if this is a true sign, we can head back up to the weekly pivot @ 1.26xx area.
Keeping it very simple here.. IF I don't see a 8 hrs opening on euro under 2441 then fun to the short side is over for me for I be cashing out on most and leaving skeleton rider for a it's been an awesome ride the past week or so..
On the retrace the most I see going beyond 2490-97 for today and 2moro into NA session is 2533-36 and I have some moderate orders waitnig there in case it comes and I'm not available..
As of now 2413-18 would satisfy me and a 8 hrs close under 2440 and I for sure to gun 2330ish on the drop......
GL...
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...
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Originally Posted by ssdbsnl
EURO GUESSING ...
