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- purzel replied Sep 10, 2013
As recently shown by Bloomberg Market price manipulation in Forex is getting more and more obvious and revealed. However, as obvious in this forum (by 2010) these kinds of manipulative price patterns and Stop Runs have been going on for a long time. ...
- purzel replied May 7, 2013
Hello, I just wrote an article about forex price manipulation in terms of stop running for example in the EUR/USD. If you are interested then you find the article at url Feedback is always welcome. Have a good trading day.
- purzel replied Nov 20, 2012
The recent high at 1.2830 might be an important top and a turn around could start. We have an ABC retracement on the daily chart (100% Fib extension at 1.2831), the low of October 11th and an ending diagonal/ three drives pattern on the hourly. Lets ...
- purzel replied Nov 15, 2012
We also have the 38 % and 61.80 % fib retracement of recent swings down at 1.28 (4-hour and daily time frame)
- purzel replied Nov 15, 2012
I wait for a temporary breach/false breakout of 1.28 before going short
- purzel replied Nov 15, 2012
I assume 1.28 to provide some resistance due to the daily low of October 1st, monthly S1 and Fibonacci cluster. Lets see... Next resistance level might be the daily low of October 11th at 1.2826.. Stops above 1.2790 (High of October 9th) got cleared.
- purzel replied Nov 6, 2012
The two 100 % Fibonacci extension levels and the daily S1 provided some support which the market respected so far. image
- purzel replied Nov 6, 2012
Good luck
- purzel replied Nov 6, 2012
I would say that market is waiting for some news and participation/ commitment is low so that it is more about stop hunting as seen in the last hours (False Breakouts).
- purzel replied Nov 6, 2012
True. A support/resistance zone under a recent low/high often leads to a strong bounce as most of the breakout traders are caught in the wrong position and stops below the recent low/above the recent high got also cleared.
- purzel replied Nov 6, 2012
1.2764 acted as support probably because of the daily 100 % fib extension and daily S1 at this level
- purzel replied Nov 3, 2012
I made an overview of important chart patterns and chart reading methods. I hope you enjoy it. Topics: Stop Fishing, Consolidation, Consolidation price zone, Simple Moving Average (SMA), Timing Setup, Price Rejection, No breakout confirmation, ...
- purzel replied Oct 23, 2012
The level at 1.2957 created by the 100 % fib extension and the 200 SMA on the 4 hour chart and the daily S3 supported the Euro US Dollar so far. On the daily Euro chart we have a potential bearish "222" Gartley pattern. image image
- purzel replied Oct 22, 2012
The Euro retraced up to the Head and Shoulder neckline and formed a kind of wedge pattern/ Three Drives pattern before the EURUSD reversed and moved down. image
- purzel replied Oct 20, 2012
Head and Shoulder — The EURUSD broke below the Head and Shoulder neckline and triggered the Head and Shoulder pattern (EUR/USD Market Recap 2012-10-18). The EURUSD found support at the Head and Shoulder target (100 % fib extension of the H&S ...
- purzel replied Oct 18, 2012
EUR/USD: potential Head and Shoulder pattern on hourly chart. Market is now at the neckline (1.3082). Lets see whether neckline holds (true breakout).
- purzel replied Oct 12, 2012
Perfect Butterfly sell pattern on the 5 min EUR/USD chart image
- purzel replied Oct 11, 2012
some ideas — Some ideas about today`s trading session. Pivot point S&R (Monthly Pivot, daily S2), candle stick patterns and three-rising-tops-pattern and potential butterfly-pattern image image
- purzel replied Oct 10, 2012
Inverted H&S — Possible inverted Head & Shoulder pattern today. image