On the monthly it took four years. On the daily you never got a retrace to that area after the momentum bar until the next weekly swing up. If you are using that four year period as the top , then I'd argue that we haven't even begun to form the ...

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Yeah, I'm thinking they could go for it then or even next week. As long as they don't close the week below the double bottom they could take it out just for the stops, to load up for the bounce to the top trendline without moving price too much ...

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Nice job!

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m-candles, but I had to modify it.

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Probably would. My personal opinion is that they're going to keep kicking the can down the road on both Greece and the interest rates for a good long while, which should keep us stuck in a wide (1000 pip) range for a good long while. And you know ...

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Oh, I see now. Nice. Thanks!

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As soon as all the buddies of the ECB/IMF members have finished loading up at the bottom........

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True. On the weekly I'm looking at this though, expecting a third test of the trendline

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Nice. On your chart is one thing I don't get about the way the rest of you all trade the mofus. For me, a swing has to start at the top or bottom of a run. That is, there has to have been a run up (or down) and then a LH LL or HH, HL for me to put ...

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Well, off by 5 pips, but not a bad bounce. I don't think that's as low as it's going -I still think this fib run is probably good for at least the 175 level at 757 eventually, on the next swing down. Due to the ADR, might need until tomorrow for it.

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Well there, it just did the 150 mofo. Might bounce a bit between here and 0825 but probably good for the 175 (0757) line later.

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Thanks for your comments. However, the part in red is not the case, at least for what I'm talking about. While it's true that up retraces are more shallow in a downtrend (and vice versa), it's not true at true tops and bottoms as far as I can see ...

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Well of course since this is Q1 it's also 25% of the yearly move....

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Not only how big the whole market is, but how big the players in it are. Imagine you're a hedge fund and want to take a $1billion position short the Eur/Usd, but only want to short it above 1.1250 because that's good value to you. You need to find ...

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Interesting results for the Quarterly candles. Look where it bounced. Right on at 25% of last Q. Thanks, Sisi, for this idea of looking at things from a quarterly view!

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No, not according to the 'orthodox mofo trading' as I understand it. But I'm sort of a 'reform' mofu trader. So when I see a certain type of activity in a fib (for example a series of divergences at the top, and then a lower low with a lot of ...

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Fischer is a very good central banker (did a fantastic job in Israel), but 'unexpected' is his middle name. His philosophy is that it's better to keep the markets guessing a bit to keep speculators from raking in too much easy money. So that needs ...

EURUSD

You mean 1.086x and 1.093x I guess...

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Watching these guys..

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