Correct... — The yellow triangle is a short. Mike

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Ok... you've piqued my interest... — What do you disagree with? Mike PS - I won't respond with anger or sarcasm... unless you say something really stupid.

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Here's a bearish divergence on a 5 Min Chart — I'll tell you in a minute if it works. Price continues to rise. RSI falls to 50.

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How long have I been trading... — [quote=malcolmb14;2176087]s/r works not indicators ... mmm ok ..... how about using support resistance levels and an indicator ??? double tops , head and shoulders etc etc are often easier to spot in rsi than ...

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Sure. — Absolutely. Thanks. Mike

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How the price acts... — Price action is trading what you see via a blank chart. If you watch a chart for long enough you can begin to see patterns. It's easier on the lower time frames... like a minute chart. On a bullish move it's like ...

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I've removed my angry post... — Apologies daanman3. I'm very passionate about this game and I wear my emotions on my sleeve... or keyboard as the case may be. Mike

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Agree — S/R, pivots and psyches. I'm guessing pivots because they are used in so many asset classes. Round numbers because the black box boys use them. S/R because it's blatantly obvious no matter what time frame you use.

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True. — They do.

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Huh???? — How do you know those thousand computers are using the same indicators? That's why S/R works not indicators.

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Here we go... — Trading smaller movements is just noise. Markets are fractal. Whether the time period is 1 second or 50 years. Patterns exist that can be exploited. Noise is what the inexperienced eye sees. Forex that trends so well why ...

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Hmmm... — I'm not sure 'feeling' is a system that has much of a future. The bulls are trying to mount a rally here and they know this is it. .4640 has been tested 3 times. I'm betting the 4th time doesn't hold up so well. There's a lot of news ...

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Nope... — No such thing. I was up nicely last month and I'm doing well in August. However - not one trade was easy. This game isn't easy. If you trade real capital there's always an emotional component.

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Check out this link for COT analysis... — These guys do a great job. url

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Hope all is well... — I hope your yacht didn't get damaged. I'd like to use it in November. m

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Sure. — The key is not to become married to either side. I'm a dollar bull long term but that's because I've complied a sh#t ton of data that's pointing in that direction. I'd never trade it though. I'm a day trader... If price action tells me ...

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I tell you what I see... — Too much sh#t on one chart. I also see a pair that has mounted any serious bounce since it fell more than 3% recently. (The largest drop since its inception) When we make a SUSTAINED play above .4800 we may be moving ...

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I don't look at time frames long term... — I watch the 15min intra-day for day trading but to get a view of the 'trend' I look at other indicators that aren't necessarily on a chart. Like the COT statement. Price action. What part of the world ...

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You are here... — We are sitting at the psych level of .4700. Keep in mind the 00 are the most powerful because the black boxes key off these levels. The bulls we able to muster up one good day this week... and that may be it if we don't see ...

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Oh Boy... — The TREND is down.

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