Replies to post #38602 on Simple's Green Room

[pennies2007]

Awesome!

Hey git, take a look at this and give me your opinion. I've been reading (always studying and learning...LOL!) and I'm experimenting with support and resistance levels. I set these levels based on previous daily points and some of the current points.

If this holds true, then we should get one more E/U pop to 1.4767 (give or take) and then we'll see another leg back down to 1.461. That would be a nice 100 pip profit.

What's your take on this? I've never done much with pure S/R before but it looks promising. Only indicator I'm using is MACD. Notice the negative divergence on the histogram. That should give rise to a nice continuous dip with trend reversal rises in between support levels.

[pennies2007]

Hey git...looks like they're still trying to kill the Beast.

Where the heck is the bottom on this thing? This is ridiculous. I've never seen anything like this. It's actually pushing below the DAILY trend line.