Posts by "montmorency"

Sorry, last message was @PippedOff, not Said.

Ashraf: Sorry to be dense, but I am relatively new to Twitter. In the past, you have recommended Stocktwits.

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.

@Said: oops, I meant 1.64 of course!

@Said: Well, it _might_ have gone well above 1.4 and then he might have been wishing strongly that he had followed your advice!

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.

@Pipped: Well, again for what it is worth, the 19:00 hourly bar on EUR/USD is a fairly large bullish pin, and I am not surprised about the subsequent upswing. However, I think (hope) that it is just a pullback (chance to re-short a bit higher, if one wants to look at it that way).

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.