[Archive] FOREX - Trends, Forecasts and Consequences (Episode 9: November 2011) - page 2

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chepikds:

On the Euro, an ideal bounce from 62%, very tempting :), but, on a break down - I assume a red arrow movement and if the pair "wants" to turn up, the 50% level is likely to remain untouched...


I don't think there will be any buyers today...

 
yosuf:
Still aiming for 1.3670
Can I have a picture?
 
Vizard:


I don't think there will be any buyers today...

But I want to buy :), to buy we need upwards momentum, which we can't see yet...
 
The euro is ahead of the parade, we can assume - that the first one will turn up and flop, and the rest will still be rolling along the trend until the "targets" are worked out...
 
chepikds:
Can I see the picture?

The blue line is mentally drawn from its top through the current price value and come to the forecasted level, while I decided to interpret the indicator this way, but in general, see for yourself, it shows a clear sell:

 
yosuf:

The blue line is mentally drawn from its top through the current price value and arrive at the forecast level, so far I have decided to interpret the indicator this way, but in general see for yourself, it shows a clear sell:

Now any indicator will show pure sell, and we are interested in reversal points, which are almost unpredictable, except in rare cases...
 
the eu/£ could go down to 8420. probably...
 
Vizard:


I don't think there will be any buyers today...

Scared of the euro... The Fed meets on Thursday, the G20 starts meeting on Thursday (I think there will be rumours from the meeting published during the meeting), the verdict on the G20 summit + peerolls on Friday... So it's going to be a fun week
 
chepikds:
Now any indicator will show "pure sell", but we are interested in reversal points, which are almost impossible to predict, except in rare cases...
If a reversal is about to occur, first the blue buy line must appear, then the blue vertical line, only then is a reversal possible, is there not enough information about the reversal? Try it yourself:
Files:
sultonovyv01.mq4  10 kb
 
OK, hooray, I have closed my sells. Now waiting for buy signals.
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