Hi Duggils,blott Foxy and everyone posting charts, nice work if we keep this discussions alive we share a lot together and its a win ,win situation for all.
Hi duggils,
After my initial enthusiasm, I saw the notice I have pinned on my wall "Where can the market go next?". Maybe I should get rid of that! Lol!
Have 50 pip TS so unless it goes berserk at the US news, it's fingers crossed. It's made a bit of a mess of the flag though:-)
My TP is @ 3248.
Mike
Hi Duggils,blott Foxy and everyone posting charts, nice work if we keep this discussions alive we share a lot together and its a win ,win situation for all.
Here's a BP I am watching at the moment. It also has a nice harmonic pattern whose PRZ coincides with the BP target. Let's see what happens.
The pair is EURAUD H4/H1
http://content.screencast.com/users/...2-19.59.18.png
HI Duggils,
Aren't there nearly always two touches of the TL before it moves up? I'll see if the same appears on eurusd.
Mike
I was referring to your pic in post 204 where price had come up through the balance line (after two up-touches of the line) and came down once to touch the line from above. Would you not expect a 2nd down touch at the balance line before price moved higher?
Mike
Nice one blott on target, it also coincides with the 38.2% fib retracement on the daily.
i understand the 'delta phenomenon' claims to detect reversal points. I am struggling to find some information on this, had a taster of a the book by a Welles Wider. Might be a good thing to have in our arsenal. This was something popular a few years back. there was a society where members paid $35,000.
If anyone has the book perhaps they can share it here. Parsons made a very brief reference to it in a video.
Last edited by foxy; 03-02-2012 at 12:54 PM. Reason: typo