DislikedI am short and I will not cry if it hits my stop, nor will I go boasting if it hits my TP.
I try to trade with as little emotion as possible.Ignored
Out of curiosity, what is your SL?
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DislikedI am short and I will not cry if it hits my stop, nor will I go boasting if it hits my TP.
I try to trade with as little emotion as possible.Ignored
DislikedI know, the problem is, I have not figured out how to get that pesky chart to go away completly...
Ignored
DislikedTo address the bulls here. You will find on my blog that I am forecasting prolonged up moves all the way up to the monthly chart in the 250's. The only reason I am calling for a fall is because of that pesky 15 min chart I keep yakking about. Fib cycles always finish, you just don't know which one will first.Ignored
DislikedYes, I believe this news is why we have a news spike.
However, the lack of large scale sales is directly related to the lower then normal exports to the United States because of the declining dollar.
The dollar is still weak and the UJ should have an overall downtrends still. This means unless GU has a surge northbound (Given the problems in the UK right now) I doubt this will happen. So I am still short given the news.
I am reading what you are reading. I just think I am interpreting it differently than you. Best of luck to any active trade by you as well sir.Ignored
DislikedI know, the problem is, I have not figured out how to get that pesky chart to go away completly...
Ignored
DislikedQue, you really have a sense of humour
By the way, using indicators other than for divergence is mostly end up in the 95% majority of forex traders. I might spook up a lot of debates here .. ..honestly, I've been there, done that. Now, I minimize it down to only one indicator to spot the divergence.Ignored
Dislikedthe 15min chart did not produce a counter trend fractal, however the hour chart is setting up to do it for us. This will be much more significant anyways.Ignored
DislikedQue, you really have a sense of humour
By the way, using indicators other than for divergence is mostly end up in the 95% majority of forex traders. I might spook up a lot of debates here .. ..honestly, I've been there, done that. Now, I minimize it down to only one indicator to spot the divergence.Ignored
Dislikedmktjong,
I am newbie here. Do you use RSI or stoch to draw the divergence ?Ignored
DislikedHi, I like to use Slow Stoch. I think any oscillator indicator would do fine but better first study its character.Ignored
DislikedBloomberg reporting that the South Korean Unification Ministry is telling them that "the reports [of Kim Jong Il's death] are false".
South Korean internet service Hankuk News reported late yesterday that Kim had been assassinated outside Pyongyang, citing unidentified officials in China and South Korea.Ignored