Here is the chart, updated, with some notes on the short. Also, there is a good possible long set up, RIGHT NOW. Price has bounced from...
Let's track GPB JPY
Are you an engineer? I am not really sure what the hell all of that annotation is. All that to look at price action? Please don't even try to...
See updated chart.
epetrov This is a great chart example On the daily timeframe, one could look at a chart back to at least October of last year and see...
This chart has multiple timeframes lining up and building energy for a move. From the oveall bottoming pattern, to the pause for a 3rd time at...
Sure, we can discuss that too. Personally, I look for at least a 3rd 'respect' of the trendline... A contraction at that line, and then (if...
Sometimes, THE OTHER SIDE of the trendline (support or resistance area) can help just as much as traditional interpretations. See the attached...
Quote from DrEvil: .............but price does not respect a trendline, it merely respects support and resistance. Very true, Trendlines...
if the top breaks, bullish
Classic pattern. The current pause with contracting overlapping bars is great.
I updated mu200411's chart with what I feel are some significant trendlines and S/R areas..... and a question. Oh, and regarding mu's...
That trade faltered quickly. And , may be forming a new one at intraday downtrendline.
Yes, anything can happen at any time. Any market, any stock, any instrument. and THAT is why we use lines, stochs, candles, etc To help us...
This trade just triggered. We'll see what happens.
Larger picture
Now the BIG trade could be dow going under 12110 I'll post a pic soon.
here's the updated chart from a couple entries above It was a scalp
FWIW All I use are trendlines and candlestick congestions. I use them for entry, stops and exit points. I add this comment to provoke a...
On the attached chart you will find: Obvious respect of a trendline, Consolidation at the trendline (instead of bouncing) Breakdown of the...
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