March Forex III

pop,

I look and draw my resistance lines based on technical action, based on where a pair has stalled, some people draw lines and connect a trending line that can often fail. Like I mentioned last night, my points arent connecting trendlines.

BUT if you look at a 4 hr chart on the LB.USD pair and you can connect the tops and it looks bearish..if the pair breaks 1.43 that downtrend is broken and that bottom is actually a saucer bottom and a move back to 1.46 is in the cards.

Well once you guess enough I guess it can come in once in a while.

All I see is either extended pairs or some serious floors being put in..a ton of these pairs are just sitting on high RSIs and not backing down, especially the EU and LB pairs.

https://www.dailyfx.com/story/trading_reports/trading_news_reports/EUR_USD__Trading_the_FOMC_Interest_1237289999428.html

I am around, nothing going on..seriously the beta has been sucked out lately..no movements of any importance.

I look at charts and see stagnation which means something crazy is about to happen.

A few lines are in the water but no hits. I dont see anything worthy of making a trade and that sucks..

I agree...it would be nice having a source that was the standard, especially for technical research.

Here is a thought..the CHF pairs have bee nin the dumps lately, like the LB pairs there for a while..I think it is worth looking into, that the CHF might come back some...I am going to see what looks best.

SOB..

I had an order on short LB.CHF at 1.6625 and damn if it doesnt hit 1.6623 and reverses 80 pips down.