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Author Topic: TA Forex Trading  (Read 16291 times)

Pennies2007

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Re: TA Forex Trading
« Reply #1035 on: March 14, 2017, 08:18:38 am »
I feel like a kid at Christmas...man, these TDI wave patterns are setting up all over the place along with the price action patterns...LOL! Now if I only had a couple extra million dollars...  ;D
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Pennies2007

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Re: TA Forex Trading
« Reply #1036 on: March 14, 2017, 08:29:32 am »
Mu GU long looking good here. That sucker is gonna pop hard over the next couple of weeks.
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Pennies2007

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Re: TA Forex Trading
« Reply #1037 on: March 14, 2017, 08:43:07 am »
I want you guys to watch something. This will substantiate what I've been saying all along about news and reports being molded and used to quantify currency movements. The technical pattern on GU already says its gonna move up hard over the next few weeks. Watch the analysts and commentators try to fit the reports in with the rally.

It happens every time. The bottom line is this...what moves these pairs is speculation...only the institutions have the power to shove these things around. The news that they pin the moves on has nothing to do with it.
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ForexTrader

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Re: TA Forex Trading
« Reply #1038 on: March 14, 2017, 08:48:05 am »
Quote from: Pennies2007 on March 14, 2017, 08:29:32 am
Mu GU long looking good here. That sucker is gonna pop hard over the next couple of weeks.

looks precarious on daily. 
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Pennies2007

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Re: TA Forex Trading
« Reply #1039 on: March 14, 2017, 08:53:56 am »
Don't believe it for a second, Forex Trader. Things are not as they appear. Market psychology is all that matters here and I can tell you for sure, they're going to take it north.

 ;)
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kermit42

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Re: TA Forex Trading
« Reply #1040 on: March 14, 2017, 09:38:11 am »
I have a long on GU sitting at 1.19 in case the Article 50 trigger causes a spike down before the move up. Otherwise I'm a spectator until the dust settles from that announcement.
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Pennies2007

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Re: TA Forex Trading
« Reply #1041 on: March 14, 2017, 09:39:28 am »
I'm not worried Kermit. The pattern is set and just waiting on the catalyst. When is the announcement due?

Sent from my LGL62VL using Tapatalk

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Pennies2007

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Re: TA Forex Trading
« Reply #1042 on: March 14, 2017, 09:43:38 am »
Ooops! Never mind Kermit. I just looked it up. Could be that May gets the green light by tomorrow on Article 50. We'll see how it goes.

Gotta run for the day gang. I'll check back in later.
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kermit42

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Re: TA Forex Trading
« Reply #1043 on: March 14, 2017, 09:53:09 am »
Right, any day now. That's why I'm leery of GU at the moment, I know from your time perspective it makes no difference, but with my shorter horizon, it does.
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Pennies2007

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Re: TA Forex Trading
« Reply #1044 on: March 14, 2017, 09:58:32 am »
Just take a lighter position Kermit. As long as the allocation represents a lowered risk, its all good.

Sent from my LGL62VL using Tapatalk

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Pennies2007

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Re: TA Forex Trading
« Reply #1045 on: March 14, 2017, 10:19:37 am »
TP on Acad flipper adjusted to 1.0155. It'll evaporate like a fart in a wind tunnel...lol!

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ForexTrader

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Re: TA Forex Trading
« Reply #1046 on: March 14, 2017, 10:46:56 am »
Quote from: kermit42 on March 14, 2017, 09:53:09 am
Right, any day now. That's why I'm leery of GU at the moment, I know from your time perspective it makes no difference, but with my shorter horizon, it does.

its just waiting to see what happens to either break down or bounce off that daily trendline imo
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Pennies2007

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Re: TA Forex Trading
« Reply #1047 on: March 14, 2017, 10:48:31 am »
A knee jerk dip on GU can certainly happen. But the institutions are telegraphing a big pop.

Sent from my LGL62VL using Tapatalk

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Pennies2007

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Re: TA Forex Trading
« Reply #1048 on: March 14, 2017, 11:18:54 am »
Very slight new high on Acad from the last peaks suggests that the final top may be in sooner than I expected. No more flippers. Holding all positions for the larger sell off.

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Pennies2007

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Re: TA Forex Trading
« Reply #1049 on: March 14, 2017, 01:26:50 pm »
Acad still tracing out a complex ABC correction so a move back towards the highs isnt out of the question. As I've mentioned before, corrective patterns are a pain to nail down so I normally just ignore them and stick with the long term wave counts. Shorter time frames are too noisy. It will all play out in time.

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TA Forex Trading by Heavyweight
September 30, 2018, 11:48:51 pm