pUREMUSCLE, I was the one saying(heavily) last week that EURUSD will go back to 1.335 so I am not against a downturn. However, the time for that is not really NOW! i DO NOT THINK THE TREND is broken yet! A brown bar is supposed to appear on the 4HR chart and it is not in yet!!!
Ok, well what is a brown bar? In the very short term don’t you agree that it’s still a short?
Looks like it went through 5 waves already. Touching down past momentum bands (slowing down). I could maybe see it going up only because the European Banks will want to pull out all the stops before tanking. How many weeks till that happens? How many weeks until our governments pitch us all in to save a system that is designed to fail, pull us together to make us choose whatever nefarious plotted course they are trying to shore up for our humanity…sorry, got carried away.
Also, Certainty can’t argue much with reasons we are putting forth here, that would uncover his system and rules. He can only point at a graph repeatedly.
EmptyEternity: My eyes are still on 1.335 but this particular upward correction is not complete yet!
The last part of your text is …hmmm
Congrats Certainty, you called 1.3825.
the haters are a little quieter for the moment.
What is a brown bar?
a BROWN BAR IS SUPPOSED TO appear on the 4hr chart before the event(BELOW YOUR POST HAPPENS). Since the event belowe your post must happen with probability 99.5%, we expect the brown bar to appear on the 4hr chart with probability 99.9% and so we CALL BUY!!!
aND ABOUT THE call to “below 1.3825”, I was very sure because of the CONTRADICTION PRINCIPLE!
Certainty, I must say that I am not being sarcastic or argumentative with my questions, I am honestly interested in understanding your thought pattern. From every possible viewpoint, I can only see a downwards movement to at the very least 1.3680. Perhaps the price will come back up in the short term, but I cannot see it breaking 1.3900.
Look at this:
And also, what about the fundamentals? They can throw any prediction off target. The crisis in the euro zone is still far from being solved, don’t you agree?
The only way I see this going up, is by using Certainty’s own, if price needs to be here, it needs to be by this time.
Big money will cause a rally either on Tuesday or Wednesday, due to the economic reports being released, I haven’t ruled out Thursday, but then that means price is hovering around for a couple of volatile days, and I don’t see that happening at such a crucial spot.
I hate to say it, but the price is coming down… 1.3735
I said we should consider buying around 1.3748/0.
Great chart! but, it could stay overbought for a while. One should be finding a buy level now!
I certainly will agree with that, but don’t you agree that it doesn’t seem to have the strength to push back up to 1.39? The decline which you highlighted didn’t have any bullish candles in it.
Anyway, I am still interested in seeing the basis for your trading, because it appears quite different from most of the other people’s views. Why don’t you post a thread explaining how you draw those charts with the arrows and dots?
I bet, that the upwards trend will change into a downtrend tomorrow, so i don’t see any reason to buy here. Indicators like EMA/RSI on 240min chart point towards a trendchange. And if that’s not enough, look at the data coming up tomorrow. Seems like bad news for the Eurozone and better news for the USD, so fundamentally and technically i don’t see one reason to go long.
And by the way you are behaving like an Expert Advisor and not like someone who is trying to help Newbies.
Sorry for the delay in responding to your post. First, the arrows on the charts I post in this forum are drawn automatically by the underlying algorithm and they all point to different types of contradictions in the market.
I will explain them soon.
It will go up to 1.3911(the correction is not done, yet). Watch the 1.3740 level~:18:
I bought at 1.3747… Now I’m watching!
OK! Sorry for the break! CERTAINTY bought heavily @ 1.3690(with second option @ 1.3680)! 1.3911 in sight at @ $100/pip!!!
the current fall below 1.3740 is just a act to get a sound footing~
There is a contradiction on the USDCHF CHART that must be corrected!
Lol! Please be serious, you are just buying in the hope that it will come up, even when everything suggests its a short? This poor excalibar guy is taking in every word you say and losing as well Man up, its a short.
I don’t know how you guys trade but your system doesn’t seems to work for me! I don’t use stoploss but place a stopbuy/stopsell order to take the extra profit in case the price goes against my position. That is why I am able to grow accounts very fast!
For example, I am taking money on this downtrend too instead of stopping myself out.
Maybe, because of the difference in account sizes, my strategy may not work for a lot of people!