Re: 3 for 1 special
Hills, the nice thing about the tenken and kijun being so strongly divergent from each other is that the tenken becomes a much easier obstacle to get around. AAMAF, the tenken could hardly be viewed as any type of R, because with as deep as the pair has gotten, the tenken is nothing but a coffee stop on the journey north. Considering the kijun is near the cloud, we could also view it as a magnate. It will draw price towards it. Price will probably try and sneak around it, and then find a fresh cloud there, then decide it is better to go south again.
Excellent observation on the 3 higher TF's. I'll combine a thought with your observation. The 4-hour, daily, weekly, and monthly are all suggesting a move north. You don't need to know anything else than to get off that freight train that blew this bad boy all the way down the hill, and catch the flight north.
Specifically, the daily might be less of an obviation on your chart, but on mine is shows the SD channel extreme being hit. That tells me it is in for a strong reversal. It also got buried under the channel after a fresh correction. Now, it gets better!!!
The bottom of the weekly cloud was hit, along with the bottom of the SD channel, and it was simultaneous. The channel still has its upward proclivity. That tells me that, possibly, the trip to .9000 may have only been delayed. The monthly snuck its way in the cloud, and that could be the wick for the month.
Everything added up tells me that 4-hour cloud might be fresh when its hit, but this pair could be ready to beat it up a little.
BTW, I'm in.
Hills, the nice thing about the tenken and kijun being so strongly divergent from each other is that the tenken becomes a much easier obstacle to get around. AAMAF, the tenken could hardly be viewed as any type of R, because with as deep as the pair has gotten, the tenken is nothing but a coffee stop on the journey north. Considering the kijun is near the cloud, we could also view it as a magnate. It will draw price towards it. Price will probably try and sneak around it, and then find a fresh cloud there, then decide it is better to go south again.
Excellent observation on the 3 higher TF's. I'll combine a thought with your observation. The 4-hour, daily, weekly, and monthly are all suggesting a move north. You don't need to know anything else than to get off that freight train that blew this bad boy all the way down the hill, and catch the flight north.
Specifically, the daily might be less of an obviation on your chart, but on mine is shows the SD channel extreme being hit. That tells me it is in for a strong reversal. It also got buried under the channel after a fresh correction. Now, it gets better!!!
The bottom of the weekly cloud was hit, along with the bottom of the SD channel, and it was simultaneous. The channel still has its upward proclivity. That tells me that, possibly, the trip to .9000 may have only been delayed. The monthly snuck its way in the cloud, and that could be the wick for the month.
Everything added up tells me that 4-hour cloud might be fresh when its hit, but this pair could be ready to beat it up a little.
BTW, I'm in.
HI Paul.. The Euro/G on the daily has taken support of the weekly and monthly before and today has commenced retreating before it reached those lines. The TS and the KS are also up north. However , there is strong likley hood of the TS/KS xover below the cloud. So does one expect a bounce here or a further downside.
On the 4H the TS and KS look poised downwards towards the candles though the cloud is quite up. So should one take a long trade here ?
Trying to understand.
On the 4H the TS and KS look poised downwards towards the candles though the cloud is quite up. So should one take a long trade here ?
Trying to understand.