Thread: Chart patterns and trendline discussion....

90833 upgrade on GU

90833

Originally Posted by ;

hi, !

Maybe in future may look at saving Save picture as as Active chart (as is) or Active chart....and u can resize ur chart window to provide it better clarity whilst submitting ur chart... feels no need for the whole page to be put up... just a thought. .

TheArcher,

Welcome and thanks for the proposal. . I had originally tried that but it'd save it to shine and wouldnt work. . .However, I attempted it and changed the file ext. into jpg. And definetly much, much better...


Due

90833

Originally Posted by ;

Upgrade on GU

swingtrader,

Really appreciate the charts....hope you continue to Place them for View...

Thanks,

908331 Structure (s) OkI'm reaching that point where am starting to feel somewhat frued and overwhelmed....

This is my 4 hr chart....what just should this tell me?

Thearcher,( thats not functioning me for me for a while. . .beleive me am not thrilled about having to post my entire desktop on here every time that I set up a chart. . .but it'll have to do for now till I figure it out...

90833@swingtrader

your charts are ill!

Place on points like that utilizing the cleanest of charts... man, please post the idea process to get there

908332 Structure (s) well, I got this. First on ej, fall then fulfill minor support
moment on gu, it locate support also.

908335 Structure (s)

Originally Posted by ;

Ok, am reaching there where'm beginning to feel a bit frued and overwhelmed....

This is my 4 hr chart....what exactly should this tell me?

Thearcher,( thats not working me for me for some reason. . .beleive me'm not thrilled about having to place my whole desktop on here each time I put up a chart. . .but it'll have to do for now till I figure it out...

Occasionally it is a lot easier to look on a greater time frame to get your bearings. The first chart is EURUSD Monthly. It reveals an up trend, with a lower high and price in support. Each week, similarly to the monthly, up trend lower high at service. That is your long duration lets look somewhat shorter, the Daily. I see. Notice I said moment. The is no such thing as a'bottom', but what pattern may give the appearance of 3 bottoms? OK, now look at the 4hr. Does it seem otherwise to you? Bear in mind, patterns shape around SR degrees. Thus far I see that a left shoulder, head and the start of the ideal shoulder (note the wedge, this is typical for the correct shoulder). Has it done? No, but make special note of this MACD I included. I know alot of people preach'blank' charts. But employed you can be given a heads by indiors. Most people utilize studies to produce conclusions. They are tools to AID in the decision process. Combined with price action, they may be quite powerful. This is just my opinion, I am sure others would see things otherwise.

Now while knowing all of this may not let you know what to do (depending on how competitive you are), it may let you know what might occur, letting you plan ahead. Hope this helps. For now, if you can, just watch, watch how it plays out. Maybe paper trade rather than live.

908331 Structure (s) ronin2002,
I have to be clearer . Would you mean eu will form at monthly, like that, if I didn't make a mistake? Thank's in advance

90833While its completely possible, that in the future it could fall into that area, I tried to point out that currently, price was bouncing on support. I utilized the monthly to see a picture of where things at currently

908331 Structure (s)

Originally Posted by ;

Sometimes it's simpler to look on a higher timeframe to get your bearings. The chart is EURUSD Monthly. It shows an upward trend, with a high and price in support. Each week, similarly in support to the up tendency lower high. That is your duration, now lets look somewhat shorter, the Daily. I visit a down trend that's testing that support for the next time. Note I said time. There isn't any such thing as a'triple bottom', but exactly what pattern may provide the look of 3 bottoms? OK, now look at the 4hr. Does it look otherwise...

Ronin2002

once more, I cannot thank you enough....To be honest with you I'd not seen this formation forming on the 4hr...I suppose I was somewhat flustered after that loss I chose on the usd/jpy and very low in the assurance level. .

Definetly must take a step back and begin working backward again. .

As always your explanations actually appear to sink through and open my eyes....

Thanks for taking time ITS REALLY GREAT TO HAVE YOU HERE...