The Dollar-Chief was able to climb another 84 pips or so, but that was it. As of Friday, it's fallen about 230 pips from where it was a month ago.
I don't agree with Cristian at all on this one. For the time being, I'm buying USDCAD on intraday pullbacks, with a decidedly bullish day-to-day bias ever since Wednesday, May 29, 2019.
I can't argue with Christian on this one. While I do see statistical support not far below, my weekly trend line just recently turned south, so EURAUD could very well ride statistical support downward for an unlimited length of time.
I'm looking at (listening to) this Pete Faders guy (who I guess has a MyFXSource website) doing all this talking about fake breakouts, Fibonacci, volume and whatnot—doing all this analysis and what have you—only to buy at the exact same level I would buy just looking to see if price is rising or falling... My chart is on the bottom This is a great example of why I think taking the time and effort to try to learn all that stuff about what the buyers and sellers are thinking would just be goofiness for me personally...a big waste of my time. All I have to do is look at price, and it alone will tell me what's going on—no need to worry about fake breakouts, Fibs, decoding volume, etc. I don't have to try to get into the heads of retail traders, big institutions, or anybody else. For those who can trade that way, more power to them! But for me, it doesn't have to be that complicated. When price is going up overall, it's going up overall. When it is falling overall, it's falling overall. There's really not that much more I need to know.
Saturday / October 12, 2019 Having (apparently) fully developed my Numerical Price Prediction Trading System with respect to foreign currency pairs, I'm now looking to see what happens when I apply its principles to, when I compare and contrast it with, Harry Boxer's stock picks, beginning with the ones from last Thursday, October 10, 2019. Starting next week however, I'm going to have to make this a new thread. (Harry is trading off daily charts, whereas I will be using one-minute charts.) ASUR If I didn't take profits earlier, I would have definitely done so at around $9.00. BBBY I'm still bullish at $12.97. FRAN Still bullish at $17.30 GLNG I would have gotten out of this stock at $14.75 NVCR I would have exited at $77.80 RAD Still cautiously bullish at $9.13 RYAM I would have bailed at $4.73 SOLY I would have bailed at $13.50 SPWH This stock is at a decision point. If it continues to climb above $6.30 I would be interested in holding on, but if it starts to fall below this price, it would be time for me to pocket my gains. TTOO This stock has stalled at the $2.60 level. If it can't continue to climb above $2.57, I would pocket my gains. (I'm still bullish however if it climbs above $2.65.) TXMD I would have pocketed by gains at $3.90.
It looks like I lost interest in following the above stocks rather quickly. At any rate, my position trading chart setup agrees with the forecast made below by Cristian Moreno, though the reversal in my daily trend line has not yet been confirmed by the weekly.