No, as I have shown you it is within it. this current candle however broke it.

Trading Made Simple

You're missing my point, this is a very narrow range. It can't be seen on H4, because this is price consolidating after the 250 pips drop. You just entered in this tight range. Could have waited for a breakout, or could have entered much earlier ...

Trading Made Simple

Have a look?

Trading Made Simple

Emmanuel keeps bringing up three different market types; which type is the current market like? It's not the setup per se that is wrong.

Trading Made Simple

Not every setup is a setup... What type of market are you trading?

Trading Made Simple

Not nice enough it would appear, ended as a 28 pip loss

Analysis for dummies, by dummies

Also another tool I like. Generally if a pair is traded intradaywise above a weekly high, I like to look for long setups moreso than shorts and vice versa if it's below the weekly low. This applies to monthly too. A trend is nothing more than a ...

Analysis for dummies, by dummies

url Here's some fundamentals, for those of you who likey. (not sure what FF.com's policy is regarding links from bloomberg, but I doubt there's any problem?)

Analysis for dummies, by dummies

I got thrown off last night on EJ, took a 28 pip sl

Trading Made Simple

The move up is most likely a correction. If you zoom out, you will notice the daily trendline (which by the way I also posted a few posts ago) being broken. My longer term bias is short for another 60-70 pips before I can think of a reversal. But ...

Trading Made Simple

P.S: here is the divergence I was talking about earlier, in my post about EJ: let me also add one thing about trendlines: the steeper it is, the less reliable it becomes. Case in point

Analysis for dummies, by dummies

That's it from me for now, I hope this thread catches on. I'll be back to post more charts soon. Let me just add that I am in no way claiming to be dead-on right about anything I have posted so far. This is nothing but my view of the 3 majors I ...

Analysis for dummies, by dummies

Which pair is this? Which Timeframe?

Trading Made Simple

Now for GU, it has got me a little puzzled. On one hand (and I had to jump to weekly to see this), there's bullish weakness presenting itself, the last couple of weeks have been closing with huge upper wicks, which usually indicates bears are slowly ...

Analysis for dummies, by dummies

Which would explain the move down. My beginning of the year bias was for EU to head lower, because of a huge confluence of fibo retracement and expansion levels from different swings. Not to mention the wedge/channel that you have drawn on there. ...

Analysis for dummies, by dummies

At best, lol. Trying to keep it minimalistic has got me using a 15' laptop screen, haha. I know, right, I hate its guts. I wouldn't trade it intraday, no way no how. Swing at best... If not even position, lol.

Analysis for dummies, by dummies

I forgot to mention that I'm a real fan of trendlines. I don't pay nearly as much attention to horizontal support/resistance levels than I do to trendlines. They're my guide... I also don't look at price action per se as much as I watch out for ...

Analysis for dummies, by dummies

Not at the same time, silly

Analysis for dummies, by dummies

Hey guys, glad to have you on here Let me set the tone with this first set of charts.... Okay, so the first chart up is that of the eurodollar. I've become very suspicious of any activity on this pair, because I figure it is mostly fundamental. ...

Analysis for dummies, by dummies

I watch 6 pairs. Those 6 pairs are as follows: EU, EJ, EA, GU, GJ, GA I do my weekly analysis once in the beginning of every week, and then I do follow-ups every day on lower Timeframes. I use a Naked daily/weekly/monthly chart with just 3 EMAs 20, ...

Analysis for dummies, by dummies