I agree that we are in a downtrend on weekly (I said that in a couple of recent posts).
My read tonight: Weekly:199 is 38% fib (possible).
Daily:macd is up (but < H2O line) $ is at a down trend line(from Aug 15 -Sept 17) which is a 38% fib. if she breaks 197 then I am looking to 199.66 resistance - which is 50 ema- or 200 ( 50% fib).
On 4H chart: $ couldn’t break resistance @the 200 ema (196.99). The 200 ema (on 4H is DOWN) and 4H STO is heading down.
I am putting some buy entry stops in > 197.60 ( with tight stops and Tp limits) in the event that she follows my D indicators. As you so eloquently mentioned the unknown is the “herd mentality” due to the hordamentals.
My charts are telling me that the guppy has reversed, after 2000+ pips down it falls 600pip short of my 178 projection. Time to buy again all the way up to 205-210. Eurjpy will be tracking along up to 160 and above.
Entry stops are safely above 197 for the break up if that pans out.
Otherwise I will ride her down to 192.50 and in extention I expect her to retreat back to 186’s 100% fib level retracement back down on this insane move up. I shorted her today at 197 and have shorts all going down still.
Account balance is up drawdown is up, margin useable is increasing and equity is looking pretty safe for now.
reversed at a specific price or reversed on what TF chart.
It reversed down for me several times today from 197.00 MT and even ST
but LT are you suggesting we are heading back up? Kindly show us the chart.
The more charts the better.
I for one would love the guppy to go up but she is already up too far I feel considering what is continually going on now related to market instability,
The dollar and the guppy cannot rule in the long run long over the gold.
And now there is some manipulation in silver too I suppose. A wise man keeps silver/gold coin over worthless dollars.
I used to think I coudl judge guppy based on 100% chart and my uncle swears that is the case as well, but it really isnt the guppy is always affected by what is going on NOW. Now the Asians are on holiday so the guppy is just chilling out and round calmly, but more troubed times are coming for the dollar/pound/ and even the yen. But for now I favor the yen
despite what corp is bailing out what corp. the government is taking over our country and selling us short to foreign interests. I recommend timberland and hard assets as soon these dollars will be worthless, it seems inevitble,
so I can no longer be a guppy bull 100%.
Daily FX today. -wrt COT- suggested US$ weakness.
My conumdrum-will us/jpy go up? and will that fulfill the weekly charts showing G/Y down?
That is why I am keeping a short (take profit and stop loss range) on longs.
COT usually takes 1-3 months to occur.
I am still going to follow my D indicators. I shall put the trades “under the microscope” on the 4H in order to determine direction.
At 4:49.51 fxsolutions sent me a notification re:funding my account with them.It is now 10:26 and the funds have not been deposited.
Usually, when I have losing trades and need to fund my account- the funds appear within the hour.
This week, my trades profited >3000 $ and I have difficulty funding my account.IS THIS COINCIDENCE or amI becoming a bit disillusioned with market makers?
well looking at the 4H, I dont think she is going to have the steam to even get back to 197.00 now at least not anyt ime soon, like NOT today.
Ive got to hold my shorts still. I got leaning to the long side last night down around 195 and rode 2L’s up to the current levels and shorted again.
I am having trouble with my charts again. can Anyone recommen a godo broker that doesnt stick you with FIFO BS tradingrules?
I just dont like the MB trading platform, And cannot even figure it out well enough to see if I can be long and short there at th same time.
And through the chaos I see peace, and am back to holding long term longs and MT or ST shorts without being subject to a lame FIFO rule.
I spoke with the president of the bank of richmond yesterday, The bank of richmond is chANGING their nAME TO GATEWAY BANK, this is the worst bank ever! But when I did a google search for worst bank in richmond va I didnt find bank of richmond listed as the worst bank in richmond, I found the
federal reserve bank to be the #1 match on google for worst bank richmond va, funny mr smith said that the FRB authhorized him to operate in the commonwealth of virginia, and he inisted that he was not subject to any banking laws in the commonwealth as he was a federal bank, HAHAHAHA! boy is he in for a surprise. What they have done is manipulate my funds in a fraudulent way in an effort to defraud me of fees, and they are so ignornat and double talking that they cant even get their story straight. If anyone here is in the richmond area or an area where they have a bank of richmond or a gateway bank, this is quite frankly the worse bank I have EVER done business with. I guess they arent going to use the bank of richmond name anymore. Do I smell mismanagement from the worst bank ever or a branch or extention of the worst bank ever the federal reserve bank who authorized them to jack people in richmond for $35 when the bank loans someone money to cover a check.
Of course they dont allow you to charge them a fee when you loan them money (by making a deposit to your account at their bank). You deposit money in a lame bank, you are loaning them money. YOu are much better off with a decent forex broker. As perhaps both are there to separate you from your money. So the worst bank ever in richmond VA goes to bank of Richmond and their newest owner gateway bank. SOmehow dropping the name the bank of rchmond perhaps will allow them to expand their title of worst bank ever to a laqrger area.
The bank is not your freind, all they seek to do is jack you for fees that are 100% profit, that have no basis and cost. then they will lie to you to try to confuse you about how it is that they are basically stealing your money,
if you even dare call this “paper” portrayed as money, money.
FX solutions and their poor service resolving my issues has gone under the rug.
They are too unstable, the service is too poor and there are too many so called coincidences, where deposits are slow, orders are filled irregularly, and worst of all they wont address the issue of their buggy charting and trading platform that has not allowed me to review my profit and losses because some ignorant person in their tech department said I had to do some stupid stuff with my .net on my CPU and now my whole .net is messed up.
Too bad I am not a software expert, I am only a hardware engineer,
who always keeps the 6LB beater near in case I cannot get the hardware issues resolved.
I hereby take back ALL my words of praise for FXSOL and hope everyone forgives me for recommending them if they too are having problems with them.
WHy cant anyone run a credible bucket shop anymorein an honest way?
Why does the worst bank have to constantly cheat you out of every $35 they can?
Why does someone look at you funny when you hold the door for them?
As if you are going to slam it in their face, probably the same thing that makes someone scratch their head in confusion when you give them $100 bills.
Maybe this year for chistmas I can go to the mall and give away $100 bills.
Guppy isnt taking them from me anymore! Somehow she seems to be in the giving mode with me of late.
The truth hurts sometimes and other times it is even painful, why is it that some humans cannot handle the truth and seem to dispute everything?
ONe thing is for certain…there is always justice in the end…no one can exscape so carefully gaurd your thoughts and actions against the varous tricksters around the world trying to get you in the trick bag with them.
Are not sufficient alone to initiate a trade. Pib bar or not if she doesnt retrace 100% to 186.000 dont be fooled by next month when she will really run down despite any pinbar.
I’d say you need at least 2 other solid reasons to intiate a trade, along withyouyr pinbars
3: MT4 makes neat sounds when you’re bored and want to click buttons.
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There’s my other two reasons.
Yeah I know pinbars are not valid without a fibo level, s/r level, etc. I’m just pointing it out. I don’t need to initiate a trade right now either since I have a ton of them already open.;)
