Please can anyone advise as to the white lines around the price on this chart? I am not sure what it is? Keltner? thanks in adv! http://www.hostmypic.net/pictures/a5...6ee33b1619.jpg
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DislikedSeems like nothing is bringing down EU and GU Breaks November highIgnored
DislikedSeems like nothing is bringing down EU and GU Breaks November highIgnored
DislikedDon't trade according to your Bias and emotion, trade what the market give you NOW!!Ignored
Disliked1- Bernanke wants Obama to be reelected. Romney has already stated that he will not reappoint Bernanke for another term.
2- The US driving season is a month away. Everyone that knows the US well, understands how important Gas prices are during this season, which this year runs up right to the election.
3- The fastest way to get Oil price down 10% and have it reflected at the pump is to get the dollar higher quickly.
4- The correct words from Bernanke this evening can accomplish that in a hurry.
5- A higher dollar at this moment will be received...Ignored
DislikedI think Bernanke just laid the way for a weaker dollar- he has made comments that leave it open to people to infer that QE3 is round the corner. This bodes very bad for the dollar. I think dollar would be very weak coming few days now.Ignored
DislikedDon't trade according to your Bias and emotion, trade what the market give you NOW!!Ignored
DislikedHey congrats man on a solid M5 trade. As evidenced by the PA afterward that was an excellent exit.
RobertIgnored
DislikedToday´s move has taken USD, EUR and GBP to the extremes permissible without considering failure. The top chart is the daily UsdIndex which is right on the bottom trendline. A close below it will start a bearish scenario for USD.
The bottom chart is EurUsd H4 trying to break the upper channel wall. A close beyond the wall changes this picture also.
Of course, as we know, Forex always takes things to the extreme before showing it´s real cards, so this may still be a final shakeout. We´ll have to wait for the end of today to see. This does feel...Ignored
DislikedIt still amazes me how market react for bernanke speech and still going up. He said nothing new and only repeated the same thing. Above all forecast are better than were. Today we have behind us one bad result for Uk and market is still going up. I don't know for what investors are waiting but I think that we will have a big fall sonner or later.Ignored
DislikedIt´s coming. The extreme always looks unreasonable because it is caused by the last group being stopped out or finally throwing in the towel, just to see the market turn around after. That is why it is so important to bet small and always leave yourself margin room for the unexpected and unreasonable extremes.
This may in fact be a breakout, but I don´t believe it. I have the maneuverability to let the market show me that it is in fact a breakout.Ignored