phillo
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Everything posted by phillo
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resistance became support ....................
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This chart suggests price is breaking down, I wonder what that means for the world's economies ?
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What kind of music do you hear while you trade?
phillo replied to a topic in General Trading Strategy Discussion
It depends what day & even what time of day really, but sometimes "I don't hear a thing" https://www.youtube.com/watch?v=UOYi4NzxlhE -
Real vision video from a couple of months back if you haven't seen it already https://www.youtube.com/watch?v=ZBl05xNq_AU
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oops wrong hourly
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two charts , weekly BIG picture and an hourly. Price is now in "NoMans Land" caught between to GAPS , so has pulls on it either way , so not a great place for a trade atm imo
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seems like normal price behaviour to me
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As I have said before " the Destiny of every trend line is to be broken ". I have discovered that the market doesn't care about my lines & sometimes seems to go out of it's way to break them ! Accepting that I can be wrong & knowing when I'm wrong is all part of the "game"
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A recent video on the US indicies - I'm not a fan of the indicators , but I like what he says about the small caps v the S&P 500 https://www.youtube.com/watch?v=Omy_fZBnrf8
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real vision video https://www.youtube.com/watch?v=NA4MfGt3Gho
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I noticed this one getting some coverage lately. After a huge drop, the company has constantly been buying back it's shares . Here's a couple of recent videos to consider. Remember " Do Your own research " https://www.youtube.com/watch?v=MNo5HK7Rqrs https://www.youtube.com/watch?v=odG0vA8EyZk
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taking a "long term view" the USD isn't really doing much atm, despite all the trade/currency war stuff - nice parallel trend lines though
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btw this was posted in another thread - that trend line sure was broken !
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Turned out to be quite exciting !
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'I'm not a fan of trend lines'
phillo replied to dmedin's topic in General Trading Strategy Discussion
when considering trend lines - I don't see them as the exact point of price support / resistance. My view is, if I can see them I'm sure the "Big Boyz" can as well. I look at "wriggle room zones" around them. here's the $AUDUSD one of the pairs that has reclaimed that January low
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Gold chart - I trust you can see what's happened - for this to continue it must hold above the last break out imo
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an example from the " Get Info" link from the drop down menu under each item
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Level Hit !!!
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This one is getting a lot of tweets today ( something about being linked to a negative research report due out tomorrow ) - interesting chart
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I always look for BOB s to get a revisit - Price is trying
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Break
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stuff like this works
