Intraday FX Player
- Thread starter CFerret
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Sorry, I guess the images dont look as good here as they did in my screen.
What the daily trendline analysis showed me was that today the euro would drop exactly like it did, and hold as a bottom around 15350..... it might retrace or sideways chop to 1.5450....and get pulled up toward the yellow line area....but the white lines and red lines are strong down forces that are responsible for the drop today and the last few days....the fall of euro should continue and bottom out at 1.52 in the coming days....maybe next week. the bottom is represented by the big colored line at the bottom....this is the central power line that originated back in oct 2006. I found this line tracing back from the cut through march 23....down thru feb 7 area....december 20, sept 17, august 15, june 12 ,2007 and apparently down through to oct 2006.
If you draw the trendlines, and also use Fib fans....through these points....they will take you precisely to the present cycle were going through and precisely predicted the fall from 160 to the current price and it looks like it will hit the central power line at 1.52. sometime next week if not tomorrow (friday) well that would be today. I think it will be next week, . and between now and 7 days from now....should be some sideways chopping into a flag terminal, which can be seen in the chart drawing. I would say, friday may 11.for the next crashing fall from wherever it is ,down to 1.52 and the central line.
Drawing all these trendlines is an amazine exercise....it gets you totally in the zone about seeing the price movementts and how amazing it is to see how it hits all the major points along the way and how onepoint leads to the next.
I'm amazed at how predictable it is.
Anyway, I'll try to post better screen shots next time. zoom in ,etc...
What the daily trendline analysis showed me was that today the euro would drop exactly like it did, and hold as a bottom around 15350..... it might retrace or sideways chop to 1.5450....and get pulled up toward the yellow line area....but the white lines and red lines are strong down forces that are responsible for the drop today and the last few days....the fall of euro should continue and bottom out at 1.52 in the coming days....maybe next week. the bottom is represented by the big colored line at the bottom....this is the central power line that originated back in oct 2006. I found this line tracing back from the cut through march 23....down thru feb 7 area....december 20, sept 17, august 15, june 12 ,2007 and apparently down through to oct 2006.
If you draw the trendlines, and also use Fib fans....through these points....they will take you precisely to the present cycle were going through and precisely predicted the fall from 160 to the current price and it looks like it will hit the central power line at 1.52. sometime next week if not tomorrow (friday) well that would be today. I think it will be next week, . and between now and 7 days from now....should be some sideways chopping into a flag terminal, which can be seen in the chart drawing. I would say, friday may 11.for the next crashing fall from wherever it is ,down to 1.52 and the central line.
Drawing all these trendlines is an amazine exercise....it gets you totally in the zone about seeing the price movementts and how amazing it is to see how it hits all the major points along the way and how onepoint leads to the next.
I'm amazed at how predictable it is.
Anyway, I'll try to post better screen shots next time. zoom in ,etc...
OMG Tom, your charts scared me... Never seen so many lines at once... LOL
Just joking.
I think it would probably be better to look at one trendline at a time, because me and maybe others too won't get what line you want to discuss...
Not to say your current charts are bad or wrong, but more to be able to help answer your questions....
Just joking.
I think it would probably be better to look at one trendline at a time, because me and maybe others too won't get what line you want to discuss...
Not to say your current charts are bad or wrong, but more to be able to help answer your questions....
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