hi, great :)
not saying will bounce but 1.071 showed daily support and could eventually build some wave e what is missing ... last upswing still alive
pantheo
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@look4edge, Absolutely agree, I have the same thinking as a possible move, E is missing from both charts, Euro and Dollar index. So many "dollar break out" comments and articles, quite hysteric. The same for bonds too. With FED and Renzi coming, maybe there will be a catalyst for the counter shortsqueeze move. We have a fakey from the inside candle with the pin bar. Needs attention. Hagopian line there too if you put a fork to your orange count from May low. Patience. We need a weekly swing for such a move, so we'll take our measures;-)
look4edge
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@pantheo, thx for comment and great insight, i just know when all media trolling about dollar shooting to sky that there is no free lunch, take care
ooh, and just shorted uj daily doji
pantheo
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@look4edge, Pleasure. Take care, we have volatility release both on the daily and weekly. The easiest way to spot it is when BB"s doing the "fish lips" mark, the higher turn up and the lower turn violently down. Usually, you need at your confluence line, which marks trend and level to have a doji, or even ideally a big pin bar rejection that's protruding you confluence line. A small tip I use when counter short, is to have the rejection candle having a close back inside the upper BB band line. Maybe it 'll work for you too. It's not magic, but it's enhancing the possibilities, especially since you are trading against the trend. We are in the weekly supply zone though. I'll follow you probably in the short a bit higher, between 1.1040 - 1.1090, when and if there. Cheers my friend:-)
look4edge
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Dear @pantheo, thx, the idea behind uj short was this
take care :)
pantheo
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@look4edge, Brilliant, it's working already. A lower daily close will confirmed it. Cheers:-)
look4edge
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@pantheo, u were right, patience.... doji failed, broken up ofc, need to wait confirmation, could i send u pm?
pantheo
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@look4edge, Patience, tell me about it. Having paid and still pay from time to time to learn this lesson. Sure no prob.
not saying will bounce but 1.071 showed daily support and could eventually build some wave e what is missing ... last upswing still alive