Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Not too many times you see a 4 hour candle outside of the bollies like on gj. Me thinks daily candle must come down and touch the upper at LEAST .
Shit no that is definitely not the chance you take. There is no taking chances in this. Take trades only with a well thought out plan and a slew of what ifs. You can start with $1000 and be a millionaire in 3 months or you can lose the $1000 in a few trades.
Well take it slow and easy because it is difficult to master.
Well it depends in a lot of things, multiples of 12 and cycles of planets count for a lot. It's so much more complicated than the number itself, more like the numbers that lead to a number or the cycles that cause cycles.
I think Monday we will be down 200+ points and that trend will continue for quite some time. The market is going to show Bernanke that he is an omnipotent fool for continuing to screw with the natural order of things. I am not aware of ANY time in recorded history where sub-zero real interest rates results in job growth. It's as if there is no plan, no agenda, other than to continue to perpetrate the farce on American consumers that they are not in debt and that they should borrow more. Have we not learned our lesson already? For someone without a job does even a zero interest rate put a framer or construction firm back to work? Without jobs it does not matter what the interest rate is. Yet we continue the the vampire-like bleeding of the American people to finance an out of control political mindset which has no accountability.
Lol if I had only held it!
And 144 bars from the 1.08 high.
Monday is 180 days from equinox. May go to 1.0670 but I'm holding anyway.
1.0623 was what I wanted all along since the 1.0611 high. I'm tickled
Could be but I shorted au gu and bought back ucad this morning.
It's a clear signal that things are out of control. Op twist #1 had zero effect on true unemployment so doing it again is a clear sign of panic IMO. Bernanke talk about tools but he wielding a damn screwdriver to secure windows in the face of a hurricane blow and he knows it but gotta put the smiley face on. He clearly has NO options now other than to do the same thing again and expect a different result. Pathetic leadership at best. Very sad and dire situation IMO.
Artificially low interest rates will not solve the jobs problem and until that is solved it doesn't matter what they do. Businesses and entrepreneurs will not fund job growth with a declining dollar. We went through this with Paul Volker under Reagan. It's a shame that the current administration can't read history books. History will not be kind to this continued manipulation of the natural order of things.
I think the wheels of the bus are about to come off regardless of this twist 2 nonsense. Bernanke doesn't get it but there are two powers greater than he and the second in command, the market machine, is about to rub his nose in the dirt in the next two weeks. I'm sure he thinks that three times must be better than two times but you poke the snake long enough and youre gonna get bit. Shame on the leaders of the free world for their ridiculous addiction to status quo instead of addressing the problems at hand.
Yup, more kicking the can down the road in fairy tale land. Never heard of such nonsense from leaders who think that negative real rates of return will create jobs. They've spent all of the younger generations earnings now onto the savings of retirees. Pathetic.
It is the moving average of the RSI Buffer which is actually the RSI. I believe the stock period is 7 for the moving average and the RSI is 13. So you have a 7 period moving average of the RSI(13). In the code below (last line), it is called the MbBuf and is indicator #6 if you wanted to call it from an EA.
{
RSIBuf = (iRSI(NULL,0,RSI_Period,RSI_Price,i));
MA = 0;
for(int x=i; x<i+Volatility_Band; x++)
{
RSI[x-i] = RSIBuf[x];
MA += RSIBuf[x]/Volatility_Band;
}
UpZone = (MA + (1.618 * StDev(RSI,Volatility_Band)));
DnZone = (MA - (1.618 * StDev(RSI,Volatility_Band)));
MdZone = ((UpZone + DnZone)/2);
}
for (i=limit-1;i>=0;i--)
{
MaBuf = (iMAOnArray(RSIBuf,0,RSI_Price_Line,0,RSI_Price_Type,i));
MbBuf = (iMAOnArray(RSIBuf,0,Trade_Signal_Line,0,Trade_Signal_Type,i));
Yeah the cart is definitely wagging the horse I think.
Something just not adding up for me on continued USD weakness. Normally on a big macd hump down like that on UCAD you would think wave 3 and then wait for this bullish divergence on the backside. Then on AU that little flat spot in the macd makes me think this is the end of wave 2 instead of the beginning of another impulse wave up.
Looks to me like everyone got their undies all worked up for some QE3 and Ben or something else gonna yank em right down around their ankles the next few days. Could be wrong but I'm staying long USD.
Stick that in your 10k and smoke it bofa.
I think so too. Near perfect fib lineup here too at 72 bars from the 1.0440 top.
This is what I mean. Statistically speaking, 95 percent of candles fall within 2 deviations from the mean. A daily candle which is completely outside of the bands is very rare. Doesn't necessarily mean it will go up, but I'll take the statistical advantage every time.
Looking back on the chart over the last several years I can find one on 9-23-2011, 3-21-2008, 7-13-2005, and 3-10-2005.
Extremely unusual for a daily candle to be totally outside the lower bollie as we have with ucad.
I'll take it!!! Along with the swap on the way there!
Long from .60 = retirement by now.
Anyone having problems with mt4 mobile?
Yup trendy little bastard ain't it. They fighting against the swap tho. I figured it last night and $1000 turns into $2688 in a year at whatever my margin rate it.
AU Chart.
I'm still figuring this out here but right here right now the rate of change on the downtrend equals the rate of change on the uptrend, 96 minutes to go one pip. I say bounce like crazy and at the minimum we have a significant ABC into the 1.05 range. Think I see 5 waves in the downtrend that satisfy all the EW principles too so very least this is wave 1 or best scenario for longs would be this is a wave 4 on the upside.
I am think time to go boom boom baby. Hopefully right over bofas stop.
Would think so. If we get a macd turn here just 3 bars below the daily zero line we could see some divergence setup much above 1.07 which would fit in with my theory about major turns inside of the bollies, I think I count 2 in the last 6 years or so that have been major turning points without an exhaustion candle outside of the bands. On the other hand tho, while I would love to see BOFA pack up their Scooby Doo lunchbox and head home they did make a technically sound trade there after a close below the previous swing lows on the daily.
Forgot to add that that was a hellishly bullish 4 hour candle on AU which shouldn't be ignored.
Well could be, but you don't see too many tops that don't poke out of the top bollies. It does happen, but they're rare. Plus I'm sure they could push it around all they want in the afternoon. I'm glad I don't bank there any more, it would piss me off to know they using my deposits to trade against me! I personally think based on the price action that JH might surprise.
I knew it! Kind of late in the game I think tho. Talk about put a target on your back too.
One of the best books I've read is by Bryce Gilmore and is called "An Introduction to the Methods of WD Gann". Its a very short book but he doesn't waste any time getting right to it.
He gives a great synopsis with the methods of squaring price and time.
Price units in a trend equal time units in a trend
Base price equals time units to a new change in trend
Prior price range equals time units to a new change in trend
Prior time units equals next price range to a new change in trend
Current price equals time units from a prior change in trend
Could be, I think somebody trying hard to guard that 1.04 barrier. I think it gonna fall before EOD, they don't have enough cash. Somebody probably going to lose their job by EOD.
I think so. ABCD from the top 202-134-200. May be wrong but I think 1.06 or better from here although I'm sure I will not stay in the whole way.
Here ya go.
http://www.filedropper.com/barcounts
At this point I am think the more eyes the better and maybe someone can shed some additional light on gann stuff.
It lists in this order, bar count, calendar count, pips, minutes to move one pip, the degrees, and the angle. The degrees are calculated from the minutes per pip and on 1440 as a basis. In other words 90 degrees is the same as taking 360 minutes to move 1 pip.
homegrown