Goldmine!

[FX4Newbies]

It has gone down and now it will go back up according to Elliott Wave and other technical indicators.................but not to a new a high,................

Hello JahDave,

I do see it lurking to go higher . Will wait to see how high it does in fact go. What if it goes as high as before (looking at an H4 chart), makes a Double Top then falls. Who knows...so, we keep our minds open until then. Otherwise, we could get broad-sided.

Thanks for posting,

FX4Newbies

 

[FX4Newbies]

Weekly wrap-ups are now posted on the blog.

FX4

 

[FX4Newbies]

Hope you all had a good weekend.

Here is an update on EU...still falling; beginning to bounce.

FX4

 

[FX4Newbies]

Hello traders,

Here is the identical chart from yesterday...nothing changed at all. Price seems to be doing a great job following the lines, or maybe I was just dancing in step with the market.

As always, let price play the music and lead the dance...just follow.

FX4Newbies

 

[FX4Newbies]

Price still "behaving".

FX4

 

[FX4Newbies]

Hello again traders,

Just thought I would post this chart...had this one up on the blog some time ago...price "behaved" very well per the lines. Success with Pitchforks (and trading) starts with the right "seeing" mind/eye. After you can "see", then it's about you.

FX4

 

[FX4Newbies]

Lines still working traders. Long shadows on H1. Price in the middle of a swing...wait for tell.

Have to be out today.

Take care,

FX4

 

[FX4Newbies]

EU showed some weakness. Added darker green fork and WLs (and removed earlier teal fork). Coming upon some support at WL. Will have to see if the sellers are in the market with more pressure than the bulls.

Take care,

FX4

P.S. Added downward fork on second chart.

 

[FX4Newbies]

In case you were wondering....I tend to leave older forks up so that new fork traders or those seeing it in action for the first time can observe how price responds to the lines over time. May have a clearer view on Monday .

Also, the weekly chart wrap-ups of the 10 pairs I follow will be on the blog today...usually by 8pm EST.

Enjoy your weekend,

FX4

P.S. If the chart setups have been helping you or you have another comment, please let me know via the poll on the blog. Thanks.

 

[FX4Newbies]

Good Morning traders,

Have to be out today...and for a while at that. Wish you all good trading.

Take care,

FX4

 

[FX4Newbies]

Thought I would take a look at Eur-Usd. At an interesting place. Needs some momentum to start doing something decent. Might give some insight for those looking to trade the Asian market or later into the night (depending on where you are in the world).

Take care,

FX4Newbies

 

[FX4Newbies]

Good Morning traders,

Price continued downward, making lower highs and lower lows until it found some buyers at support, the second WL (blue arrow). Could run into sellers at the L-MLH of green fork. Could be a war zone area now. We'll see.

FX4

P.S. At the time of this posting, price has gone above L-MLH and finding resistance at blue S/R line.

 

[FX4Newbies]

Good Morning traders,

An updated view of EU.

Take care,

FX4

 

[FX4Newbies]

Price fell taking out some buyers around 1.3733...lower low made but then price pushed "higher"...weakness shown by longish shadows. Won't say much more, but lots going on. Trade what you see.

News to come. Busy day for me.

Trade well,

FX4

 

[FX4Newbies]

Good Friday Morning,


Price still technically making higher highs and higher lows...but showing some weakness. Anything could happen. U.S. news this morning. Broke above the U-MLH of the larger red fork. Let's see what price gives today. Will take a look when I return.

All the best,

FX4

 

[FX4Newbies]

Hello traders,

Weekly wrap-ups are posted on the blog.

FX4Newbies

 

[FX4Newbies]

Price at an interesting place.

 

[FX4Newbies]

Here's a close up of EU.

FX4

 

[FX4Newbies]

Quick comment...weekly set-ups now posted on the blog.

FX4

 

[FX4Newbies]

Euro still trying to push higher...no lower lows yet, but still higher highs.

FX4