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phoebus replied Sep 12, 2013put him in a centrifuge to see how he trades with Center of Gravity image
EURUSD
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phoebus replied Sep 12, 2013a book about channels if you are interested: "Channel Surfing" by Michael J Parsons
EURUSD
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phoebus replied Sep 12, 2013a random line is not called a channel line or trendline. and a random line will not give you a hint that a price possibly will reverse. look at the DXY chart below. The left part has a descending channel, and the right part has a rising channel. The ...
EURUSD
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phoebus replied Sep 12, 2013you cannot pick a random spot. the channels have to be drawn through local price extremes. i also wonder why people or algos trade to the channel line most of the time?
EURUSD
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phoebus replied Sep 12, 2013the channels were drawn on this gold chart weeks and months ago, and all lines are parallel. how weird the price just trades to the channel lines? image
EURUSD
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phoebus replied Sep 12, 2013im not that 100% sure but euro and cable look like are geared to go up
EURUSD
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phoebus replied Sep 12, 2013very likely, but not this week. the daily broke key resistance 5750. it is in a W or CUP pattern now. technically it will attack 5870, then 5900. image
EURUSD
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phoebus replied Sep 12, 2013yeah he is a cool guy. last time when he asked about oil trading info, i gave him a website to look at.
EURUSD
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phoebus replied Sep 12, 2013like 3080? whenever people mention 3080, HDA will pop up in my mind. 3080
= HDA. HDA = 3080
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phoebus replied Sep 12, 2013new york guys like to buy things up, not good for my aussie shorts, image
EURUSD