Hi fellas,bears another season is open after 1661.26 level hit
Nice daily tf short wave,price must go to 1550.xx level
Nice daily tf short wave,price must go to 1550.xx level
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Dislikedhmmmm.....which way to be or not to be.
with the volatility......it could bounce up n down pretty radically.Ignored
DislikedDown, of course. As I have said and said and said:
the correction from the alltime high is not over.
Plain as day, especially once it retraced to 1800 area then sold off, and then retraced to 1750 and sold off again.
If resistance @ 1700 doesn't hold then I believe correction will be complete. I don't expect this to happen though.
Lows at or below 1534 (Sept 26th low) are more likely. But even more likely lows in the 1415-1365 zone.Ignored
DislikedEesssh.....1300....that would be rough.....what do you mean exactly by "sold off" Sun?....Ignored
DislikedLooking at the daily chart:
The fibo extension FE 100 is at around 1625....which would also line up with the 200dma on the 15th dec.....which is normally when it starts turning bullish...last 2 weeks in month.
Since this is end of year too...I expect it to be bullish from the 15th thru to the 31st....as it has done in past years.
The fibo 61.8 retracement is at about 1725...so it would have to break thru 1725 going upwards to keep going bullish.
Bottom line.....it will probably go down to 1625 by end of day thurs 15th...(or maybe by...Ignored
Dislikedcouple of things:
1) forexfactory has loaded a new feature...you can connect via your investor password to your live account....so you can allow people to see what trades you are in. Mine can be seen at the following address:
http://www.forexfactory.com/dogbreath
Keeps us all honest
2) Also have a couple of indicators I use that might be useful....I have tried hundreds of the last 5 or 6years....these two I have continued to find useflu and accurate.
FiboPivot_v4_mb
and
ZUP_v92
I believe there is a newer ver of ZUP....if anybody...Ignored
Dislikedat last ! someone posts indis on the gold thread !
can u provide the settings for each and how they work ? thier purpose.Ignored
DislikedThe defaults work for me.
The fibs are straight forward...resistance and support levels.
The ZUP......just look for the blue butterflies....guaranteed on the higher time frames like 30min 1hr and H4....but also very effective for scalping....on 15min 5min and 1min.
If you get one on H4 1hr 30min and 15min....load up.....you almost cannot go wrong.Ignored