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pedro319 replied Dec 17, 2014Absolutely! I am not saying that market is always rational, only that is logical most time.
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pedro319 replied Dec 17, 2014Not necessarily, even if price is going to move up a touch lower is only logical, 1.2370 would be good.
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pedro319 replied Dec 17, 2014EURUSD This level held, 1.25 is next level where shorts could be added for move to 1.2370.
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pedro319 replied Dec 17, 2014There is a lot to this level. This is a 1.618 Ext Weekly chart, same on H4 chart, only the nature of the candles will tell us whether this is more than a bounce or not.
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pedro319 replied Dec 17, 2014EURUSD 1.2448 is the only level I am interested in, that is .786 Ret H1, the last hope for reversal.
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pedro319 replied Dec 17, 2014AUDUSD Bounce in progress, we shall assess the nature of this move later.
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pedro319 replied Dec 17, 2014EURUSD Price already moved 100 pips down (closed one to cover all costs), now the big question is whether market has finished with the upside or not? Normal bearish development would be price passing WPP down at 1.24. On the upside, MR1 was missed ...
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pedro319 replied Dec 16, 2014AUDUSD I am taking profits here and looking for bounce up at 0.8128.
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pedro319 replied Dec 16, 2014You can read books on Harmonics if you are really interested. For the basics you need to clearly define your swings, something like Zig Zag might help, apply your fib tool and add to the same tool .447, .707, 1.141, 1.732 ...if you read my posts you ...
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pedro319 replied Dec 16, 2014Priced bounced strongly off .707 H4 and WPP, taking out the lows will confirm downtrend on Daily.
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pedro319 replied Dec 16, 2014Market went to extensions which is perfectly normal and Daily 50 % + WR1.
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pedro319 replied Dec 16, 2014EURUSD 0.5 Retracement last 2 swings D1 is touched and patterns completed, price returning to the upside wouldn't be natural if that happens there is MR1 still left and at the moment I don't see anything else.
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pedro319 replied Dec 16, 2014GOLD Nice move, targets still to be figured out, it could go way higher, will update on this one later.
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pedro319 replied Dec 16, 2014Are you not getting the alert emails? Someone said they weren't getting anything.
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