Here is why this has gone up as it is. On all three charts is a circled area. They are showing the penetration of the Outer Bands. With the Bands flat a penetration, such as this across the board will send price in the opposite direction. Resistance ...

Against Conventional Wisdom

The two indicators that the arrow is pointing to is the Support I was referring to. It was broken Tuesday night / Wednesday morning and re-tested again last night.

Against Conventional Wisdom

I won't embarrass this person by posting their name, but these are the types of statements made by people who really don't understand. The first one is basically someone who relies on the Illusion of PA. "You are not the only one.. Can't remeber ...

Against Conventional Wisdom

As Dove pointed out yesterday, this system is all about balance. I have mostly been pointing out the Daily to you with the M30 ST and H1 that we use. But the chart that is the heart of this system is the 2 Hour (H2). I don't use FA, but I do check ...

Against Conventional Wisdom

Your very welcome. I got your info and will be getting back with you before too long.

Against Conventional Wisdom

It's just one of the indicators. We have names, mostly basic, for each indicator.

Against Conventional Wisdom

I posted this at the time of the new Daily. And yes there was a hit to that Weekly support. That came soon after the hit on the lower charts resistance. This one didn't work out as I thought it would. Another really good thing about this system is ...

Against Conventional Wisdom

And even if this decides to go up, it doesn't bother me. As I've said numerous times, anything can happen in this market. So if that happens, the next time I sit down to trade I re-evaluate what my charts are telling me and go from there. As I type ...

Against Conventional Wisdom

Even though this one has not worked out (yet, as it still might), with this system I saw the possibility for a potential trade hours ago. Because of that, you have the freedom of checking the charts every 30 minutes to see how things are ...

Against Conventional Wisdom

Asian session does not want to co-operate tonight. This seems to happen the night before the weekly US unemployment release quite a bit.

Against Conventional Wisdom

Almost there. Just need price to move down a bit more. That will give the crossing of TI and EMA (1) and the flip of the parabolic (2) on the M30 ST. And the Parabolic flip on the H1 (3).

Against Conventional Wisdom

Well, this may be one of those slide sideways until London nights. We shall see.

Against Conventional Wisdom

The H1 is in a full cycle (1) and I missed it. I have already discussed this with Dove. The best entry was the hit on resistance that I mentioned. But - we should be getting a classic entry before too long and I will show you that when it happens if ...

Against Conventional Wisdom

No problem.

Against Conventional Wisdom

It looks as if it has decided to test the resistance (1) I mentioned. This puts everything into a holding pattern.

Against Conventional Wisdom

Not in my cards. But you never know 100%.

EURUSD

Here is a quick view of the analysis when looking for an entry. On the M30 ST there is the hit to the upper flat Bands. On the H1: (1) The Gold is in what we call a cycle and is at the upper Bands. This means it has crossed the yellow and is now ...

Against Conventional Wisdom

This is not an uptrend. It's just a retracement of the current Daily downtrend. And I believe most of the up move is done for now.

EURUSD

Thanks Dove, that truly means a lot.

Against Conventional Wisdom

Nope can't imagine it. Even apparently safe countries, such as Germany, are loaded down with debt.

EURUSD