Quote:
Originally Posted by onwukarisa
Hello Mystikal,
Thanks alot. you answered my first question but you didnt answer the second. the question is :
How do you exactly know which part of the chart or graph that you have to choose as a 1-2-3 top or bottom before
applying your analysis and calculations. i have noticed that you select some parts and leave the others where i also think
that a 1-2-3 formation forms. If there are any conditions or factors you have to put into consideration before choosing for
a 1-2-3 top or bottom,please let me know.
Expecting a reply
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Hi Onwuka,
We give glory to God for He is Great. To know which part of the chart or graph that you choose as a 1-2-3 bottom or
top requires practice and patience. We could say it hides from most traders that are not aware of its pattern on the
graphs and on the other hand, reveals itself regularly to some that are familiar with its occurence on the charts.
If you observe the Eurodollar(EURUSD) chart on the 15th of September, we could see the 1-2-3 top being numbered.
The 1 is always the swing high at the peak or apex...2 is an intermediate low and 3 is a lower high that failed to retest the
1 level(swing high).
At the break of the 2 level, it confirms the downward/ bearish movement of price and also validates the concept of the
1-2-3 top.
A 1-2-3 top is usually seen at the end of an uptrend, while a 1-2-3 bottom is usually seen at the end of a downtrend.
Hope you now understand...
Please feel free to ask questions or make comments...
[quote]Originally posted by zero:
[QB] IS FOREXGREENLAND POSTING THOSE TRADE CALLS
BEFORE OR AS HE MAKES THE TRADES OR IS HE
POSTING TRADES THAT HAVE ALREADY MYSTERIOUSLY
RUN THEIR COURSE?
CUZ POSTING TRADE CALLS AFTER THE FACT ISNT
VERY IMPRESSIVE AT ALL. I HOPE THAT IS NOT
WHAT YOU ARE DOING. CUZ I'LL BE ALL OVER YOU
LIKE STINK ON A TURD. MAY GOD HAVE MERCY ON
YOUR SOUL IF THATS YOUR GAME.
''Mysteriously run their course? What do you think this is, zero? A mystery moovie? Wake up and smell the roses without
stinking, mon ami...
Those participants you read on the chats are real live traders from different parts of the world who are serious about
making money in forex trading. They earn and learn while those trade calls are made,real time, online and the only game
they are interested in playing is forex.
Need I say more???
MAY THE GOOD LORD HAVE MERCY ON US ALL..
Quote:
Originally posted by rodney:
[QB] The world financial system is in a mess with prospects of the global credit bubble bursting according to many
credible pundits. We will explore why bubbles form and why they burst from an Austrian Economics perspective. We
will also explore why cash and cash equivalent in times of deflation - yes, I said deflation - is your best asset hedge
against the bubble bursting. We will also cover specific trading ideas to win in this globalization 3.0 era, and how to
preserve capital and profit.Why will be the role of gold and silver ? T.Bonds? Dollar index, etc. Will the major and
regional banks in US lose $2 trillion in capital as forecast by a famous NYU Economist?
_____________
rodney
[url=http://foreclosures.gov-auctions.org]Foreclosed Homes[url] [/QB]
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Hi Rodney, we'd be glad to have your constructive theories on the global economic dynamics that is happening right
now...
But dont you think holding cash or its equivalent might not really be an hedge coz of its declining
value(depreciation)against market forces?
And how does the Austrian Economic perspective on cyclical trends(bubbles and bursts) fit in with the much larger EU
perspective of the same phenoma?