Because the candle occurs as US traders come on line... same time of day

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I take the current PA as US traders coming online for their main session and testing the bottom of the range trying to break it out South... not an immediate reaction to half hour old news

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Its misleading to take it that way..... He's oversimplifying two stories that have been out for half an hour now... 1. German Lawmakers will vote on Greek aid next week according to German Parlimentary leader 2. Final ECB decision on Greek debt ...

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Nothing new... US traders are trading US bonds in its main session... they need a shot at the bottom of the range too.

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There are votes that need to be scheduled and held...

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its on the news feeds but pap like that comes every few hours its a skill to be able to filter what isn't market moving from the stream... first hit the wires 22 minutes ago

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Maybe I should follow this couples example and turn away from my screen for now...

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Don't forget the IF in my statement...nice bounce from 1.3250 though

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1.3280 - 90 sellers are going to run out of supply at some point, tripping stops if the market keeps nibbling away up there....

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Juncker... who has been no bull speaker of late says we will decide tonight if we will hold a finance ministers meeting Thursday... giving some hints as to the timing of things.... nothing concrete enough now to even schedule a meeting, and doesn't ...

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If nothing else does first...ECB rate decision and news conference 26 hours from now will produce some PA... one direction or another....

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Its your chart you can draw on it any way you want.... its just another way of drawing OHLC

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So you have Zero Lag and Zero smoothing....

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All data smoothers impart lag. You have to wait for a data sample to pass before you can include it into your calculations. I use some proprietary DSP based near zero lag smoothers, but it has been a years long search to find something that works ...

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Wonder what the lag is on that baby.

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EU official "we are not there yet on Greece deal"

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Peer into the Chrystal ball --

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File this under useless factoid -- Last year's (2011) Highest High was put in during ECB President's Trichet's monthly rate decision press conference as the market bid up every positive word he uttered in an attempt to break a 5 week long ...

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