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    • caldera replied Mar 16, 2012

      If you are against the use of chart patterns because of wrong interpretation... then maybe you need to understand the price action behind the patterns... of course there is a possibility of misinterpretation with anything in life... but the more you ...

      EURUSD
    • caldera replied Mar 16, 2012

      if what you are saying is correct then chart pattens are part of the language of the market... they allow us to identify certain behaviour... and to predict future behaviour. If your argument is against the use of chart patterns then you may as well ...

      EURUSD
    • caldera replied Mar 16, 2012

      there's a degree of subjectivity with any analysis here, to say anything otherwise is a bit misleading... but given your level of experience (i've seen you posting here for a while)... even you must agree that patterns encapsulate price action which ...

      EURUSD
    • caldera replied Mar 16, 2012

      I guess we'll see next week... for now the price is stubbornly holding 1.3160... looking at the current price action it doesn't look like theres going to be a retracement until monday... hope it all works out for you...

      EURUSD
    • caldera replied Mar 16, 2012

      hope you dont mind me annotating your chart... if this is a cup and handle then we should see a handle form and then a break out above to your target...

      EURUSD
    • caldera replied Mar 15, 2012

      The reason why the price shot up the way it did is because 1.3 was rejected, it was being protected and all those who went short were loading up a spring and their stops were taken out all the way to 1.31... there are presumably more stops above ...

      EURUSD