Thanks, Lawgirl. Your answer gives me better understanding about the principle of the 3 Taps. This is a fantastic thread, which I have been enjoying for quite some times although I did'nt post anything in the forum until the New Year.

Trade What You See - Almost Naked Trading

Sorry to interrupt here, but I would really like to know if it is a good short opportunity for GBP/CHF, based on the following considerations: 1. The nearly 1000 pips straight rebound from the bottom 2. The price reaching the tough resistence zone ...

Trade What You See - Almost Naked Trading

That over-sold status, marked by the red line 'A', turned out to be an excellent buying opportunity , and it may be further generalized for the pair EUR/CAD that the low RSI(21) value generates a buying signal.

USD/CAD Trading Room

The downward breakout seems to have been retested and proven valid.

USD/CAD Trading Room

I think he has been disqualified to continue posting in this thread since he became a commercial member.

My Fibonacci trading system

Regarding UC, is it a stop-hunting practice?

Price is everything

At least not a coincidence.

Price is everything

How about this?

EURUSD

The severely over-sold status can be clearly identified by the RSI (21) value in the EUR/CAD 4H chart.

USD/CAD Trading Room

Judging from the RSI(21) level in the 4H chart, an intraday retracement is coming almost for sure.

EURUSD

I think if we really want to buy "the bottom", EUR/CAD will be the better choice.

USD/CAD Trading Room

I am strongly bear-biased.

Price is everything

Be careful! Closing lower than 0.9930 today will potentially produce powerful waves moving downwards.

USD/CAD Trading Room

Absolutely right, I think his original intention could be to show a sense of humor or to draw more attentions to this simple system.

Macd+ma20 trend system

But USD/CHF seems to have some more rooms to go lower.

USD/CHF

3 Tap Signal — Considering that the price in Oanda has gone 30 pips lower, does anybody think the yellow line indicates a valid 3 tap selling signal?

Trade What You See - Almost Naked Trading