Yes, I know. The orange and blue in this chart is the EURUSD and the black and white is the DAX. The positive correlation broke around the time when the ECB reduced interest rates to near zero and announced expanded asset purchases. So the question ...

EURUSD

Thanks, but that never works. Trust me, I know. Watch and see. video

EURUSD

Yeah, agree. I misread your post. Because I've been thinking about the area of green circle (and what will happen to the EURUSD correlation when the DAX gets there), I thought you said 8658 in your post.

EURUSD

That's interesting, because on the weekly chart that area happens to be right where the EURUSD and the DAX parted company. Blue and orange is EURUSD.

EURUSD

Thanks! Even better! (I'm not sure what I'm doing either. Just trying to see how Ata-Turkoglu drew his trendlines, since I use them.)

EURUSD

Thanks! Now all clear....

EURUSD

Thanks! (I was always bad a geometry - poor spatial skills I guess - can't park either )

EURUSD

But you only know one side (bottom t/l to high at top) and one angle (22) for sure, so how do you know the other two sides and angles?

EURUSD

Why did you chose that particular angle?

EURUSD

The underlying move IMHO, is that, at least initially the stock markets have interpreted the FOMC as a lack of confidence in the economy. Therefore the ES and the DAX fell after an initial knee jerk rally, right up to the line where ECB announcement ...

EURUSD

Interesting where the Dax rally stopped yesterday....

EURUSD

Yeah, that too if you like longs. All those lines on that chart have been pretty good S/R. As long as we're ranging, which baring some crisis, one can suppose we'll continue to do until the FOMC you can trade in both directions. I just like shorts ...

EURUSD

Thinking the yellow circle might make a nice place to short..

EURUSD

video

EURUSD

He discusses his theories in the ICCE thread. His idea is basically to try to reverse engineer where price is planning to go early on. Instead of waiting for a breakout of a swing and then a return to norm, he noticed that most times price stalls ...

EURUSD

I am incorporating some of Bemac's theories - i.e trying to guess where norm is in advance by seeing where it's reacting now.

EURUSD

Exactly. Oh fudge....

EURUSD

You can have it for your very own. The template for it is in the rar file in the link. (I posted it because it's a bit of work to create those profiles).

EURUSD

What? Bond yields should go up when Fed tightens.

EURUSD

It's bouncing off the mofos in this fib to the tick. Template posted yesterday. url

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