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ForExtraPips replied Sep 20, 2012I just noticed that I my hourly. Notice where the bulls came in, and price is piercing through the trend lines, but when the bears come around, it doesn't pierce it.
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ForExtraPips replied Sep 20, 2012That's right, at the end of the week is the autumn equinox, for those into quarterly cycles. A lot could happen.
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ForExtraPips replied Sep 20, 2012Are they knocking out the weak longs before this thing takes off?
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ForExtraPips replied Sep 20, 2012And after drawing up my new H1 chart, I decided to put a buy limit @ 1.2970
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ForExtraPips replied Sep 20, 2012That's like when I glance to the left of my H1 chart and see that hourly candle on 09-13-12 that had a high @ 1.30009 and where price is currently at. It makes me want to hit Long right now.
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ForExtraPips replied Sep 19, 2012Thanks. Just planning where to put my buy limit before bed.
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ForExtraPips replied Sep 19, 2012Yeah, that would be great. I just glanced at my M1 chart and after hitting the trend line, it shot right up.
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ForExtraPips replied Sep 19, 2012Why I'm not trading. No matter what angle you look at, price is trapped.
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ForExtraPips commented Sep 19, 2012Intersting. I'll have to check that out. Thanks.
EURUSD heading lower, RISK OFF from equities, Bunds making new day highs 139.54
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ForExtraPips replied Sep 19, 2012I'm waiting to see what price will do if and when it hits 1.30841
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ForExtraPips replied Sep 19, 2012Just waiting on the H4 to close before I decide what to do.
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ForExtraPips commented Sep 19, 2012Good point on the Dow Theory. I need to re-read that. Just like with fib ratios, the only number in there that's not a fib number, 50. It was added based on Dow Theory, that price "normally" retraces 50%. That's why if a trader just focused on 50% ...
EURUSD heading lower, RISK OFF from equities, Bunds making new day highs 139.54