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- psiholog replied Aug 15, 2011
Back to technical analysis. Since there are some serious bulls in this forum look at this food for thought. The high since the open marks the resistance. The opening "gap" level (which does not really exist) marks support. Whichever level gets ...
- psiholog replied Aug 15, 2011
there will be no QE3. The US hit the debt ceiling. For the US to give any more money to a plan that did not work the first or second time would raise the eyebrows of even the most clueless of people. Revolts would be at hand.....any analyst knows ...
- psiholog replied Aug 15, 2011
Lesson for all that have not been in the markets since 2008. We are facing economic recession. This recession is global. The hardest hit will be Europe because they do not have the luxury to print money as the US so easily does. Spain down the ...
- psiholog replied Aug 15, 2011
This thing is going to crash back down any time now....1.435x is the absolute high. How do I know this?...because nothing has changed since last week, in fact the Eurozone is getting weaker and weaker. While technical analysis has less and less of ...
- psiholog replied Jun 21, 2011
3 white soldiers on the hourly which are usually followed by either a maribozu red fully engulfing all 3 candles or a small bearish doji inside bar followed by a continuation up bullish candle...take your pick
- psiholog replied Jun 21, 2011
Thanks, so its a matter of comfort versus stability. This requires alot of thought...thanks again.
- psiholog replied Jun 21, 2011
You are German? Question for you, what is the overall public sentiment there, do people want to be part of the Eurozone or do they want to be independent again?
- psiholog replied Jun 21, 2011
The only message everyone should have gotten from this news release is that even if the Eurozone wants to help Greece, they are beyond help. And if Greece is beyond help, well Spain and Portugal and Ireland and so on are beyond help as well. So if ...
- psiholog replied Jun 21, 2011
There are 2 main factors this week as everyone knows 1)The Greece situation and the solution they come up with 2)The fed meeting tommorow (will they extend qe 2 is the main question) But until then, in one hour is the German Zew economic sentiment ...
- psiholog replied Apr 19, 2011
You forgot one very essential thing. The majority of people who visit this forum are technicals oriented with a smaller emphasis on fundamentals. The only relevance for most of us fundies has when applied to trading is to be aware of when important ...
- psiholog replied Nov 22, 2010
December 2008 was the craziest month this pair has ever seen. I remember being so happy when November ended and my 2000 pip gain scalping all day long every day then December came....lost my entire account with crazy pa all day every day...NY close ...
- psiholog replied Nov 22, 2010
that lack of a retest of the breakout level is exactly why I looked for a long position. As for my entry reasons...I do keep in mind the longer timeframes (4h and daily) which do indeed suggest massive continuation down but my gut feeling (or ...
- psiholog replied Nov 22, 2010
So technically we broke down out of that long uptrend quite viciously (or rather bear flag on 4hour chart style). The only thing remaining is a retest of the breakout level to determine whether it has become resistance. If that is the case....here ...
- psiholog replied Nov 22, 2010
Everybody knows there is no gap but you miss the point. Price action during weekends is usually done on very low volume between certain institutions especially banks. When a gap is seen on the charts for the rest of us retail traders, it feeds into ...
- psiholog replied Nov 22, 2010
I too favor the downside...however the economic data is conflicting at the moment. Usually bailouts (free money but not printed like the Feds do) are positive for the stock market and as the stock markets are correlated around the world now..bullish ...
- psiholog replied Nov 22, 2010
Hello all...just wanted to weigh in my opinion for this week... We have been range bound in an uptrend since 1.346x in what appears as a bear flag on the 4hour chart. This week opened with price action aiming for the upper trendline of the channel ...
- psiholog replied Oct 8, 2010
Interesting scenario we have here. That longer term uptrend was tested big time around NFP as we all saw. No break. However, the consolidation that has occurred since then could have potentially developed a downtrend channel (blue lines). IF that is ...
- psiholog replied Oct 8, 2010
It is amazing how powerful this uptrend was. I have never seen such extended automated buying for so long...never on the 4 hour time frame, not even in months when we went 2000+ pips to the upside or downside. That price action in the past was ...
- psiholog replied Oct 6, 2010
Well this is the moment of truth. We should know exactly whats up within the next 12 hours. For the time being we are still range bound in the uptrend since 1.26....every broken resistance becomes support and so forth. image However.....it is ...
- psiholog replied Oct 2, 2010
Thats exactly my point. Most who had 401k plans and other long term plans got killed in 2008. The few who survived kept their money on the sidelines for another good time to re enter the markets. The ones who lost it all in 2008 and have some money ...