DislikedI've got a feeling this daily GC trendline might be more important, especially with imminent FOMC......
http://www.screencast.com/t/cdmOb6zLI
beebIgnored
Break of tl, retest and than further down? That's the theory, right?
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DislikedI've got a feeling this daily GC trendline might be more important, especially with imminent FOMC......
http://www.screencast.com/t/cdmOb6zLI
beebIgnored
DislikedSo what is the prognosis?
Break of tl, retest and than further down? That's the theory, right?Ignored
DislikedLet the chart tell you what is going to happen - if the line is breached and (importantly) then becomes support prices should rise further. I don't have targets or make prognostications, I just have expectations of where price may find support or resistance and play along with that......
beeb
EDIT - As I have mentioned before it isn't the breaching of a line of resistance that I find important (that could just be a flush) it is where support then comes in. Likewise when support is breached, what I watch for is where resistance...Ignored
DislikedThe trendline has held 5 times, what makes you think itl break this one?Ignored
DislikedWhats a good place to upload photos that keep good resolution? Also I will work on in the next week to better tell how it works. I will work on making it simple and nicly put together. I need to do that for myself too!Ignored
DislikedWhat I do is saving the charts as images. Usually as png. which is a light format.
Then when yoou are replying to thread, attach them using the button Manage Attachments in the section Thread Options.Ignored
DislikedThis is just me, but I'm looking for a return to the 1621 area, then I will see what happens there, then I'm playing long, well to the 1660 to 1670 area, as I watch what happens there. Though if it breaks through there will still be at least a 50% trace back and if it touches and stays in that area I'm looking for targets further down. I will take profit at each level to make sure it breaks each one since anything can happen, I just play one medium term target at a time.Ignored
DislikedOk, this is how it goes for me normally, I keep changing my views as I keep seeing more things, since my strategy is very complicated for myself, it normally takes a week or so to figure it out, and now i feel like I'm 85% there instead of 65%.
I'm starting to think that 1670 area is not a target as of now. That will be later and to many things will change if thats going to happen now. I back to my original plan of down side, the arch is forming to perfectly for me. I see maybe a last price action of 1635 at max, anything beyond that for me...Ignored
Dislikedsorry but i cant zoom on any of your files uploaded. therefore very hard to read the chartIgnored
DislikedYellow= broke trend line on third connection
White= third connection has yet to been made
Pink= completed connection
[ATTACH]Attachment [/ATTACH]Ignored