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- RWalker replied Aug 6, 2012
This re-opens a question about candles that came up last night. I watched as the candle closing at noon EST was being completed (mainly because of a comment you made) in basically the last two and a half minutes. In that short time the candle could ...
EURUSD
- RWalker replied Aug 6, 2012
Uhh... just curious; where have you seen a piece of shit "bounce back"
EURUSD
- RWalker replied Aug 6, 2012
Aw, crap! now its blasting off ...must have been that Assad rumor that made it hiccup I sure as hell am not goin short now (but I'd bet the rumor brought in some bears to hunt...probably why it's blasting off).
EURUSD
- RWalker replied Aug 6, 2012
Long again from 2378 (SL: 2370)... image Still respecting green TL system developed last night... neckline of H+S from early July comes in around 2435 today - a break, by the book, targets 2700+
EURUSD
- RWalker replied Aug 5, 2012
Second uptrend system (green lines) develops, showing continued upward momentum... image ...strengthens notion that completed Elliot impulse just seen is wave 1 of much larger wave leading to 2700+ - also consistent with break and continuation of ...
EURUSD
- RWalker replied Aug 5, 2012
Almost exclusively by fibo levels, trendlines, figs (plus whatever has been working lately for a given pair, eg: pivot levels S2,S1,DP,... or major lows and highs). Beyond that it's a sense of what the mkt's doing and intuition. Then it's a crap ...
EURUSD
- RWalker replied Aug 5, 2012
I agree that s+r of many origins is very important. I also pay a tremendous amount of attention to tl's and ew's and even to news (taken with a large grain of salt). The only problem I have with candles is that most of the time they only confirm - ...
EURUSD
- RWalker replied Aug 5, 2012
There is probably a good sized chunk of trapped bear left over from Friday. Someone might be having bear for dinner.
EURUSD
- RWalker replied Aug 5, 2012
I don't think in terms of strength or weakness or momentum - at least not in the sense of a physical analogy. I pay attention to candles and patterns because it tells me what others are likely to do. But, I don't trade them.
EURUSD
- RWalker replied Aug 5, 2012
Most texts on candles and patterns seem to be regurgitations of other texts and fail to discuss the problem of late entry. It's almost as though they WANT you to break even at best. I don't think primarily in candle or pattern terms at all. I think ...
EURUSD
- RWalker replied Aug 5, 2012
That's interesting. One of the reasons I trade quick turns is that I don't like the waiting involved in candles and patterns (although I DO watch them). If I were writing the book on H+S patterns, I'd say "enter at an extreme if you have external ...
EURUSD
- RWalker replied Aug 5, 2012
Could you be a little more specific? What does "from the right shoulder" mean? Is that where you think entries should be?
...kind of a smelly explanation
.EURUSD