i am expecting a big up movement and a highest closed weekly bar today
- #13,802
- Aug 8, 2014 8:30am Aug 8, 2014 8:30am
- | Joined Jan 2009 | Status: Ex-pat New Yorker. | 1,053 Posts
"The market can remain irrational longer than you can remain solvent"
- #13,805
- Aug 8, 2014 8:42am Aug 8, 2014 8:42am
- Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts
Que Sera
- #13,807
- Aug 8, 2014 9:17am Aug 8, 2014 9:17am
- | Commercial User | Joined Aug 2007 | 6,072 Posts
Hello World!
- #13,808
- Aug 8, 2014 9:22am Aug 8, 2014 9:22am
- Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts
Up or down?
I think I'm getting better at this malarkey
I think I'm getting better at this malarkey
Que Sera
- #13,810
- Aug 8, 2014 9:46am Aug 8, 2014 9:46am
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
{quote} I don't nowPS: my current direction view (some directions) based on my previous approximation http://www.forexfactory.com/showthre...86#post7424586
A 1 pip gain is better than a 1 pip loss.
- #13,812
- Aug 8, 2014 9:55am Aug 8, 2014 9:55am
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
Please be careful there may be more downside... I will only long after a clear close above 1314-16. Price has only rebounded on 38.2% fib level; plus markets are up and oil is down! https://www.tradingview.com/v/9pZNtOqF/
where are we? we are here. where are we going? ...
- #13,815
- Aug 8, 2014 10:39am Aug 8, 2014 10:39am
- | Commercial User | Joined Aug 2007 | 6,072 Posts
Hello World!
- #13,817
- Aug 8, 2014 11:58am Aug 8, 2014 11:58am
- | Commercial User | Joined Aug 2007 | 6,072 Posts
Hello World!
- #13,819
- Edited 1:58pm Aug 8, 2014 1:42pm | Edited 1:58pm
Pandemonium! I should have checked my charts better instead of believing in news. Gold hit 1.618 extension of 4 hour break out then reversed. I did not have that mapped out 
at the time. But so far, the weekly candle is still engulfing and there has not been a close beneath the 4 hour trendline breakout, but it was retested. Looks like around closing time a close under 1305.50 would be beneath the trendline. Thats about all I have to go on at the moment. But usually once price hits the extension then retests it is difficult to say what direction it will go. All the best. I may do some hedging like clock trader.....not sure how you manged all that, but come Monday trade day I'll try to figure it out. I think I will hedge if it breaks down from the ascending trendline of the last leg up around 1307.
at the time. But so far, the weekly candle is still engulfing and there has not been a close beneath the 4 hour trendline breakout, but it was retested. Looks like around closing time a close under 1305.50 would be beneath the trendline. Thats about all I have to go on at the moment. But usually once price hits the extension then retests it is difficult to say what direction it will go. All the best. I may do some hedging like clock trader.....not sure how you manged all that, but come Monday trade day I'll try to figure it out. I think I will hedge if it breaks down from the ascending trendline of the last leg up around 1307.
Shapeshift greed and catch em' off guard