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26-04-2006, 10:04 AM
#341
Maybe...............
Watching for a reversal signal - maybe it will come.
GTA - arco
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26-04-2006, 10:27 AM
#342
Hi Arco
I get the top of the uptrend line circa 1.2460 on the Daily, so would fit nicely
Cheers
Slam
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28-04-2006, 10:35 AM
#343
DeMark Candle Count = 9
which might mean something.
arco
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28-04-2006, 11:17 AM
#344
I hadnt heard of DeMark so for all of our info
quote eMark advises against trading in extreme overbought or oversold conditions indicated by six or more bars above or below the 45 thresholds
yes it is looking pretty overbought now tho my MACD isnt actually showing divergence like yours is.
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02-05-2006, 07:04 AM
#345
and today looks like it will close with a bearish Harami (?? am i right or is the wick too high) and if so this has increased significance due to the RSI now being in the overbought zone (filtered candle theory)
Jack Crooks reckons 1.16 before 1.30!
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02-05-2006, 10:25 AM
#346
Morning Peat
Harami.
As long as the body is within the previous candle the pattern is valid. A long overhead wick would be additionally bearish IMO. It shows the bears pushed the bulls back from a higher point.
arco
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09-05-2006, 01:04 PM
#347
Hi All
Long Term, could this be forming a H&S on the weekly/Monthly charts?
Cheers
Slam
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09-05-2006, 01:28 PM
#348
i havent got access to my long term charts but I'm guessing you mean shoulders at around the 1.29 level with head at 1.36. So first we would have to reach 1.29 again and then we would have to break down through about 1.19 to have that confirmed.
Although I'm no longer a subscriber I got Max's latest forecast graph on the Eur today. First target 1.29 then a whopping 1.7 !!!!!
Still I seem to recall him predicting the Kiwi at .9 against the US too. (Could still happen I suppose)
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09-05-2006, 01:42 PM
#349
Hi Pete
Yep, that's the one, Long way off yet, but just a thought.
2.5 year pattern so may take 6 mths to play out.
I like looking at the big picture. I find it helps confirming the next and the next and so on.
Cheers
Slam
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09-05-2006, 02:12 PM
#350
agree the big picture is valuable, but my big picture on the Eur would be closer to Max's , that we are in long term bull market with move from 1.36 down to 1.16ish was a correction! 2000 pip correction LOL !!
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