[Archive] FOREX - Trends, Forecasts and Consequences (Episode 8: October 2011) - page 84
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For those who are interested, I sold. On the short term, on a bounce. And here's why: // diaries
I wouldn't go into a pose. We need to watch.
Not a word to Paukas!
For those who are interested, I sold. On the short term, on a bounce. And here's why: // diaries
I wouldn't go into a pose. We need to watch.
1.4228 is a 3-trends resistance crossing, and it turns out there is also a Fibo! (Will it break it?)(I cannot sell:(())
Ordered too: 1.4230, stop 1.4250 target 1.4150
Sold too, target is 1.4150.
Justify, interesting.
Are you kidding? How can you justify it, it's just a guess, the market overheated and that's all, it should go out, and the nearest support is where the red line is, just below 1.4150, hence the target)
ZS. sorry i can't insert a volumetric drawing from my head :)
Are you kidding? how can you justify it, it's just a guess, the market overheated and that's all, it should exhale, and the nearest support is located where the red line is, just below 1.4150, hence the target)
? Not laughing. Just asking. But your argument - like overheated - is kindergarten. It's not an excuse for anything.
Overheated, this is an analogy, in the sense that the market cannot go up without a pullback...
As long as a pullback is not planned with hindsight from the root of the main trend (108 bars), the optimal trend (84 bars) and the new trend (6 bars), all show a clean buy: