He should keep the trend lines, they match mine. Just lots of resistance ahead. But all those other ma's and fibos, stuff can go. They don't really help. Just add to confusion. Trend line breaks signal before ma's anyways.

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I am seeing the same kind of trend line resistance blocking much further gains. Thats whats hard because higher time frames might demand further push blowing that line out. Or not. Thats the same uncertainty in the market. Equal possibilities. Last ...

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I can't read the waves in this sideways correction. Double zig zag any one? That could mean a change in direction or just a prolonged correction.

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I got out of that roller coaster. I got in long when it started rallying before news. Price stalled and started heading back to the entry so I got out tried to b/e but got me for a pip. Now price fell back 1.5200(wew! glad I got out) I was going for ...

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The basic shape of the waves suggest that its a correction not a top. Orange line weekly pivot image

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yea, plenty of reasons for either way. One last burst, or inevitable retrace. I am gonna use the 50's as cross points neither has been tested and a cross of either would confirm move in that direction Edit: I call this, The market,"having to work it ...

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Since the market established that spot as support, yes a break below pivot could mean a run toward the weekly pivot. Price usually reaches near the weekly pivot. A cross and weekly close below would be bearish. Edit: right now, not a clue to the ...

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price keeps bouncing off daily pivot 1.5187 weekly at 1.5066

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Here is my chart I use for turns, initial signal and over all direction. I know its crazy simple but I swear this is what I have been doing all along. The long wave we are at the top of needs to establish the bottom trend line. It really can be this ...

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Acid guy, Take the daily charts and draw trend lines. Trade the breaks of those daily trend lined. Don't worie about lower time frames. Use 100-150 pip s/l and plan your mm around that. Use micro lots if need be. But you will catch all the big waves ...

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That happened to me. I left the forum for some time and was very successful. This morning I had a short, closed for 2 pips, and went long. Then closed long for 3 pips. I quit at that point and think reading other posts made me think too much. Or I ...

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Yes I see that too on my chart. I hope it is. There easy to get in on with tight s/l's, and produce nice moves. I see nothing happened today. Retrace next week for sure.

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closed for a scalp. I just talked myself into an early weekend. cheers

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Yea but sometimes is a fake out and news reverses. These kind of waves are hard to trade because of uncertainty in the market. Although it apears to be heading for another run to the top it could be getting a running start for the mid morning news ...

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Wouldn't you swear the market started its move 3 min befor news?

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Just so you know, took 2 pips and reversed order just now last min before news. I guess I should trade with my analysis huh?

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Chart on flat — Here's chart, This is either expanding flat or a short term reversal top. image

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Since the high was broke and then pivot broke, this could be the first of an Expanding Flat formation. Labling a,b,c,d,e will determine the break out direction. Befor we can count we need another new high followed by another slightly lower break of ...

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There is a tug -of-war now between bulls and bears. Cann't break pivot and cann't extend past the high and now back to the pivot. This range could hold today, or a new high not far from this high. And news won't do much but zigzag and make it ...

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That cci can be deceving. Don't look at it as divergence. If the over all trend demands it the move will happen. But I see the cci above showing market volume pushing down on that pivot. It might bounce up take a running start and break through. Or ...

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