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Myo replied Jul 6, 2012Confused what to do next? Maybe this helps: S&P 500: "S&P 500 – Prices completed a bearish Evening Doji Star candlestick pattern at the top of a Rising Wedge chart formation, hinting a move lower is ahead. Initial support lines up at 1363.90, with a ...
EURUSD
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Myo replied Jul 6, 2012Mike Boutros from DailyFx came up with a chart once, that actually said that most retail traders on the EURUSD were right with the direction of their entries, but lost money only because of trade mismanagement (closing trades too early). The ...
EURUSD
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Myo replied Jul 5, 2012And you came to that conclusion because of....? Please help me out here.
EURUSD
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Myo replied Jul 5, 2012Thanks, but I still don´t get it. How do you know that bears wanted 2368 back then? I´m watching a 4H chart and I don´t see why this should be a significant level.
EURUSD
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Myo replied Jul 5, 2012The Euro tanked ~400 pips in the days following the July 2011 rate hike. I bet you I could come up with more examples, where a rate hike by the ECB turned out to be deconstructive. Take it as you like.
EURUSD
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Myo replied Jul 4, 2012Before I forget: Ireland will be returning to the credit markets tomorrow. Should be bullish for EU in the grand scheme of things.
EURUSD
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Myo replied Jul 3, 2012Neither, I hope. Sources: http://www.reuters.com/article/2012/07/03/us-eurozone-prices-idUSBRE8620GH20120703 ...
EURUSD
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Myo replied Jul 3, 20122 charts *yawn*: Chart 1 (D1): Possible hammer forming on top of monthly pivot. Chart 2 (H4): Found repeated support in the yellow area + trades above the weekly pivot. Bullish to me. Possible target of 1.267-1.27 over the coming session.
EURUSD