no reason. could be the otherway around, unless you are looking at extensions. i am looking at a range defined by that spinningtop, so it doesnt matter. g

Technical Analysis and a few charts to ponder

seems like you got it qute right. have a look at this chart. weekly chart. also look at the monthly chart. bar for january is currently a huge spinning top. fibs are from the high to low. put that together with a 4 hr chart. look at swing lows. look ...

Technical Analysis and a few charts to ponder

hi there, sorry to intrude, and probably this has been answered before. I prefer to use at least 60 min timeframes to assess support resistance in the following order 1) swing lows-highs 2) price clusters or price congestion area (i.e. ranges) 3) ...

Technical Analysis and a few charts to ponder

what you have is an 8hour spinning top defining a range. breakout will signal direction. how to find the 8 hour spinning top. blend the bars. simple.

Daily Cable Analysis

all "big ben" type breakout traders took a double loss on that day. triggered short, stopped out, triggered long, and stopped out. all of them. no joke. g edit: well, not all. the ones with a bit of a brain cancelled their long orders after being ...

My trade cockup - UK retail sales

and to the benefit of the setup, that was 50% fib of the move up 85xx to 9170ish. yep, remember that one very well.

Trading Naked - Reading Candlesticks and other Price Analysis

and a 4 hr chart err, i used to trade naked. now i just wear underpants. lol.

Trading Naked - Reading Candlesticks and other Price Analysis

have a look at your weekly chart. doji at trendline. my guess is you get a down move to 2370, then assess price there. that should be support. afterthat, move up. my 2 cents.

Trading Naked - Reading Candlesticks and other Price Analysis

sent you a PM g

Braintrend indicators explanation..Do you know it?

well, seems like you broke your own rules. cable analysis only. goodbye

Daily Cable Analysis

guys, I respect your beliefs, and if you take money off the markets for spreading your religion, well, so be it, that is fine. If you take the money for charity, I admire you. But honest, with all due respect, can we leave religion and religious ...

Daily Cable Analysis

you beat me g

Daily Cable Analysis

no worries, i dont see a pitchfork where you want to draw yours. see this chart. current pitfchfork at work against trendline. this will be a waiting game. there is no reversal yet, as ther is no reversal pattern yet. then again, you still dont know ...

Daily Cable Analysis

the live pitchfork is an uptrend low 9265, next 9450, next 9315. draw trendline from 9265 to 9315. that is a trigger line. when that is broken, you have an invalid fork have to go, will post chart later. g

Daily Cable Analysis

so far, and with 30 minutes to go before (at least my 4 hour bar) closes, it needs to jump up 50 pips from current price 9682, to suggest break is not rejected. g

Daily Cable Analysis

Not that I disagree with what you are saying, but attached is a file on pitchforks. article is good, but the best part is price action at trendlines. have a look, see action, and decide if the trend is broken. starts on page 15. IMHO, you need a ...

Daily Cable Analysis

its an area between 50 and 80. look at november monthly bar. close 60 december open 60 no daily bar that closed above has been able to sustain it.

Daily Cable Analysis

no, just indecision at resistance. look into the detailed 15 minute chart. it defines a range. wait for break of range. that should signal direction. edit. you can use it to scalp....but not now obviously.

Daily Cable Analysis

4hour spinning top. hi-low away from open-close which happen to be very close to each other. you could instead call it a long legged doji candle. it is composed of 2 pinbars in the hourly. dig into the detail to identify them.

Daily Cable Analysis