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Posts by "montmorency"
678 Posts Total by "montmorency":
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Posts by Anonymous "montmorency":
May only be meaningful in the short-term (pullback), but still...
Agreed though that the 1.3630/40 resistance was looking threatened, and may still be.
Don't know about "dead in its tracks", but it may be walking wounded.
Recently, you recommended that people should use (?) Tweetdeck (?)
Just to summarise, what do people need for the optimum?
1. A Twitter account (obviously).... plus...
2. Stocktwits?
3. Tweetdesk?
4. Anything else?
....Just checking!
Thanks again for all your hard work.
It's been quite a week. I'm sure next week will be as well...and the next, and the next ... :-)))
M.
Like the song says, you've got to know when to hold 'em, and know when to fold 'em....
It's all too easy to get it wrong, either way. (I certainly have).
Good luck all next week.
Did you look at AUD/JPY? It lost almost 100 pips on the day. I should know. I lost most off them!
(ouch).
That said, I don't take this price action malarkey as quite seriously as I used to and it can fail just as often as it works. However, you will often see it working in the short-term, especially on little pull-backs (if it is one) like this.
I work off 1H charts minimum (I sometimes snatch a look at the 15M just to see where in the "cycle" of the hour it is before placing or closing trades), and daily or weekly for main direction and for "levels".
So after every 2 or 3 down hour-bars, I'd expect an up-bar or two. Admittedly that 20:00 bar is very bullish looking, so maybe it will carry on up for a bit. I'd still be (eventually) looking for a shorting opportunity next week.
This is just a comment, and not (of course) any kind of recommendation.