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- jaygee commented Sep 18, 2012
i noticed that too but gold didn't always follow along. i actually think gold is the one that might be fooling us. the last spike up diverged. only slightly but it did diverge. all of these spikes followed the same pattern. i am watching to see if ...
EUR/USD Retests Friday’s Spike High
- jaygee commented Sep 18, 2012
eur lod, more sellers
come on down here. approaching 4h rsi 50 but still a lot of selling pressure. this might get legsEUR/USD Retests Friday’s Spike High
- jaygee commented Sep 18, 2012
i see 50 ma crossing up through the 200 ma and being supported by both here. fairly strong support but i would wait for it to confirm. i don't see a bullish divergence. It has lost the 4h 50 rsi which is bearish ans has sold off considerably from ...
AUD/USD weakening after successful test of the strong resistance at 1.0613
- jaygee commented Sep 18, 2012
by definition, a macd uses previous prices to determine the ma's so it has to lag.All indicators lag. A lot of things are predicitive. That was the point of the discussion. For instance a 90 rsi on a 4h chart predicts a retrace is in the works.
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 18, 2012
eur/usd 5m higher low. might get a lil bounce here. first higher low today
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 18, 2012
ya berna....like i said, it is not my only signal...all of the indicators lag by definition...they can be revealing tho. If you know how to use them.
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 18, 2012
BTW nice doji red stick forming on the daily. more bearish sentiment for me.
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 18, 2012
hey fan. i use the 50 level(i think not by myself ) as a basis for bullish/bearish sentiment. Since this is the 4h chart tho i usually have to wait a few bars for confirmation which can by its nature take all day. It is usually a place to get off ...
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 18, 2012
i also have 2 res levels on the weekly chart that led me to the short. those aren't going away any time soon. one is a tl and the other a ma. they rarely lie to me. for me it is the combination of several things with 85%+ track records that make ...
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 18, 2012
rsi is only one thing i look at when deciding but was the most obvious example for this pair. it also depends on what sample size you are using in rsi. i am looking at the 50 level on the 4h chart to cover or at least consider covering.
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 18, 2012
go find me a 4h chart eur/usd with a 90 rsi that did not retrace. if you want a complete reversal, don't look at a 4h chart. i have 58p avg(3x) off ydays shorts and am not going to get greedy. I don't have a silver platter to put this on for you.
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 18, 2012
The rsi(for instance) on the 4h chart was almost 90. Anyone with a chart can tell where eur/usd goes from there. When was the last time it got that high and did not retrace? A lot of people make this a lot harder than it needs to be.
EUR/USD – Bearish Correction Completes a Double Top
- jaygee commented Sep 17, 2012
Everything is overbought anyhow. Just needed a push. my 4h charts are pegged on most instruments
US crude down more than $2 a barrel
- jaygee commented Sep 17, 2012
gold and euro on board for the sell off
Euro Rally a Classic Short Squeeze
- jaygee commented Sep 17, 2012
ya call some trades. good advice for everyone. if you actually trade that is
The San Fran Fed Asks What People Think Of QE3: The People Respond
- jaygee commented Sep 17, 2012
add to eur/usd short 3152
Daily Pin Bar On The AUD/USD – AUD Hesitates At Resistance