This is almost too perfect.. Under this chart at 3311 there is a similar line from previous major bottom. I have asked this before but will ask again: What is under each line? Where is the next similar line up? Where the price will more likely go ...

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Any strategy that is clear and mechanical can be coded as an indicator. If you trade by price action, it's pretty simple to code an indicator that finds the exact price patterns you want to trade with. If you use some kind of volatility breakout ...

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Just another note, interestingly crude is in very similar position. If crude bounces up, it usually means that dollar will weaken. This is far from certain right now however, world economy is also in similar important point

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We are in a very important position right now

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I totally agree with shadow, the pa is positioning. Then there is this little thing that's about to break somwhere.. edit: (yes it's not the perfect triangle of trendline but the price has been following it for couple of hours)

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Is anyone here trading with p&f by the way? Just interested.

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You might notice that this is quite similar to the older chart that I posted from previous bull flag. Now the same question, what lies above those vertical lines? Why the price spikes when it crosses them by about 1-5 pips?

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It's the two last hours of US session, it's always strange time.

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A little bit offtopic perhaps but EURGBP is beginning to look very interesting.. Looks like daily "pin bar" is forming plus fundies are on euros side.

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Why did it go up so fast? Why did it stop there? What are those lines after peaks? Just something to ponder (this is why bull flags work as they do) The key moment at this current flag is when [or if] the upper trendline is broken.

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I think you have misunderstood something url

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You might want to read this article about something called "M1 money multiplier". Trillion is a lot of money. url

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How do you "see" Europe's economy worse than US? Maybe you want to quote some real numbers or articles.

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It's the reason why the price initially went up but gues how many stops (both enter and exit stops) there were over 50% level and above the consolidation top at 366. Triggering intiial stops needs some liquidity too. Also remember that stops are ...

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And that, boys and girls, is why I have the text that I have under my name. Also note that we penetrated yesterdays high and the yesterdays bar was "almost a pin bar" - a psychological factor for some people.

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Have you already seen Barrons cover story? url (note that this is not short term trading advise) edit: I'll clarify a bit further, if treasuries pop, it will become very expensive for US to get more debt. This forces US to try inflate its way out ...

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Interactive brokers.

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Here is an example pic from IB forex order book from their "idealpro" exchange that has multiple interbank connections - there is no central forex marketplace so there is no central order book either. Note the example, now if a really big player ...

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I was talking about fundamentals so here is a comic presentation of what I think about the US situation edit: and some real stuff, level 2 is the "order book" for forex, on some interbank brokers like IB that I use you can see the order book that ...

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I have seriously thought that at some moments when the market is indecisive the scalper bots that trade only on level 2 data (you can see when price is about to jump on level 2 much easier than without it) and try to scalp few pips will take the ...

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