Thanks a lot...I actually like the stuff on this site very much...not for the actual 'signals' or whatever but for the different thoughts they offer...thanks...good stuff
beware of going long GBP/USD at 1.6740...on the 4 hour chart there is a RSI of 72 currently at 9:33pm CST...looks like a great short set-up...only short term though...hmmm...
I would set short- profit target of 1.4203. It's in the middle right now and the market can't figure out how to frustrate 95% of all traders.
Ass scratching is a very underrated indicator, especially when used with head-patting. If you have the dexterity and coordination to pat your head and scratch your ass at the same time then you've cracked it!
Gentlemen, the EUR/USD pair remains bullish.. Another entry forming Buy-stop 150,000 units @ $1.4309 with take/profit @1.4372. Stop loss is set to chandelier stop. Good luck!
AUD/USD at .8400. Not sure how high it will go today. I'll look for a retrace to near .8325 for entry. Or it may not hit lower at all.
so much for my last night 'call' that the EUR/USD and GBP/USD were looking 'weak'...hmmm...I guess what the 4 hour chart with RSI over 50 was telling me is that they both WERE BULLISH... I REALL THINK I NEED TO START LOOKING TO KEY INTO TO TRENDS AND NOT TRY TO IDENTIFY REVERSALS...way too many 'head fakes'...it is seeming that it might be 'easier' to identify trends than reversal points...thoughts? insights?agree?