I figured that gold price would go down because of the RSI wedge that was formed. The support line remained linear, but the resistance line was decreasing, which would indicate a stronger downward force, and a weakening support.
Tuesday 17 January 2012
Had a nice guess here today with gold breaking the lower wedge support bar:
I figured that gold price would go down because of the RSI wedge that was formed. The support line remained linear, but the resistance line was decreasing, which would indicate a stronger downward force, and a weakening support.
I figured that gold price would go down because of the RSI wedge that was formed. The support line remained linear, but the resistance line was decreasing, which would indicate a stronger downward force, and a weakening support.
Friday 13 January 2012
Crude Oil Divergence
Hey there traders, found a really good divergence with crude oil today:
It seems the more I play with this divergence thing, the better my trades are! If I were you, I would educate yourself on the subject. It's really benefiting me and my trading. More so than any other trading system or indicator I've come across.
It seems the more I play with this divergence thing, the better my trades are! If I were you, I would educate yourself on the subject. It's really benefiting me and my trading. More so than any other trading system or indicator I've come across.
Thursday 12 January 2012
EURUSD HH + RSI LH = Price Drop!
Looks like there EURUSD might go down with RSI showing a Lower High, and
the Price showing a Higher High... guess we'll see what happens :)
In addition, the daily range for today is exceptionally higher than usual. So i would expect a drop coming in to counter act the bulls... but don't count on it being a big drop.
In addition, the daily range for today is exceptionally higher than usual. So i would expect a drop coming in to counter act the bulls... but don't count on it being a big drop.
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