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RamsesII replied May 4, 2011nice bearish action today, maybe to 1.4365 (38.2% of wave 3) then attack 1.5 for final 5th?
Elliot wave, Harmonic And Ichimoku in CHINESE STYLE
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RamsesII replied May 4, 2011Exactly, classic false breakout north. Looking at the daily chart, I'd like to see a move to support at the 38.2% fib from the 1.3430 swing low at 1.4365.
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RamsesII replied May 4, 2011out -4, looking more like a daily reversal today imo, targeting that 1.46 or lower area
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RamsesII replied May 4, 2011And the crowd goes silent, areas of interest at 91 00 and 05 and will be shorting those levels accordingly
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RamsesII replied May 4, 2011Why do you assume that there aren't stronger levels of support above that? Anyway, price was pushing up against the 1.4875-1.4880 cluster for about an hour and a half back in london session, broke it convincingly, and then went for a retest and up. ...
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RamsesII replied May 4, 2011price was pushing up against this resistance level then broke out and retested and went straight up. classic resistance turned suppport. used pipchick's chart and drew on it a bit to outline what i mean, cheers
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RamsesII replied May 4, 20111.4880 looks now like big support, so I will be scaling in longs down to there with stops below that value.
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RamsesII replied May 3, 2011i'm looking to short confluence of 1.4807-1.4812 band + inverse h&s target
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RamsesII replied May 3, 2011I'm usually not easily spooked out of a position but decided to "not be the biggest idiot alive" and cover my short, that will teach me.
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RamsesII replied May 3, 2011talentless is definitely still holding those shorts, let's hope he continues to add when we start moving towards 1.50 and blows his account out
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RamsesII replied May 2, 2011nice bounce off that 72 area, there some good confluence support there, long from 88 , targeting 1.4822 as my first area (38.2 fib from top)
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RamsesII replied May 2, 2011hey guys, a bit of insight to how i've been scalping these moves, may be a bit tough to decipher
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