Got the same one, notice the prior high played off the reaction line, median with the .886, see what happens.

Andrews Pitchfork (Median Line)

Thank you!. a

Andrews Pitchfork (Median Line)

Equidistant or Fib channels draw the Schiff off 3 alternate pivots where the angle of the pitchfork/median set is drawn from bisecting the 2 and 3 points, or p1,p2. Hope that makes sense.

Andrews Pitchfork (Median Line)

Not to crystal ball anything, imho while the bear trend is still intact, the failure of the 3450 opens the door for some upside if we can take make a new high above 3575 in Tokyo. London breach of 3625 and we may see the short squeeze setting up ...

Technical Analysis Fallacy

Be careful Cable looks like a snowball headed to hades. Job figs out in a minute or two, good trading everyone

Technical Analysis Fallacy

Lol, many many moons ago I tried to analyze PA movements in relation to musical chord progressions. Listen to the markets, gives a whole new meaning. regards

Technical Analysis Fallacy

Be prepared to flip or rescue if it starts going north

TAF Based Trade Discussions

Fana, Don't put on a bias just because Bernanke is speaking, price has been in a break and run mode, with a little longer runs on the bear side. Scale down the size, if your caught against the next unknown move it might sweep you away.

TAF Based Trade Discussions

You heard about the gorilla they taught to play golf? They tee'd him up with a driver, and he drove his first shot 517 yards on a par 5, within 2 feet of the hole. He then putted his 2nd shot another 174 yards with the putter.

Technical Analysis Fallacy

Charles Munger is Warren Buffett's partner in Berkshire Hathaway. Here's an article he wrote for Slate url

Technical Analysis Fallacy

Fti, Thanks, I'm glad you said that, because I have felt the same thing. And have taken to the higher charts and scaled down size. I have found it hard to trade effectively as of late, not sure of it's me or markets but taking the higher view has ...

Technical Analysis Fallacy

It seems when the time comes to force a global currency, they will have their precedent for the need of a global taxing authority and government in the failed EU. They won't be able to resolve a global financial crises without it, or at least that ...

Technical Analysis Fallacy

Saw this on another forum, not that I agree completely with Paul, but an interesting message. video

Technical Analysis Fallacy

Lilpip, The whole system is a shell game, imho. CNBC, not that I believe they are a great source of market info, had Nouriel Roubini on talking about Greece and sovereign debt last week. Everyone's jaw literally hit the floor when he said he thought ...

Technical Analysis Fallacy

Sobering thought for the day, specially if you live in the US. Don't stop reading until you find the U.S. in the list. I wonder if our placement in relation to the PIIGS is important? url

Technical Analysis Fallacy

Fana, Here's a snapshot of our 16th President. Born into poverty, Lincoln was faced with defeat throughout his life. He lost eight elections, twice failed in business and suffered a nervous breakdown. He could have quit many times - but he didn’t ...

Technical Analysis Fallacy

Fti, Thank you for those words, and caution noted, what I see in the mirror sometimes still has a long way to go. Wishing you a peaceful weekend, regards,

Technical Analysis Fallacy

In my head today was the thought that we would continue this weeks southern trip and finish off a long weekly red candle. Sitting on my hands waiting for some sign of selling opportunity, after CPI #'s were released, the Euro shot up and then ...

TAF Based Trade Discussions

You have to have respect or fear of the markets, understanding how quick they can hurt you. But you cannot trade with fear of yourself. You have to have belief in yourself, abilities to succeed, this applies to all things, not just trading. If you ...

Technical Analysis Fallacy

Market is so tilted long dollar, weak Euro atm, she was primed I though for a good short squeeze, Swiss stepped in and then the Fed, boom! Anything is possible but 3360/90 looks like the floor for this dive if it makes it there. When the dust ...

Technical Analysis Fallacy