DaversLemons

DaversLemons

Trying to figure out how to use retracement process adequately. I don't know. Just posting.

DaversLemons

ndetermined which direction Monthly. implied monthly lower movements, but showing potential higher movement. Fibonacci retracement keeps making me think lower. www.investopedia.com Potential Ascending Wedge , but unclear due to the initial starting point. this site makes me believe it will move lower yet. www.babypips.com Note the two lines similar to each...

DaversLemons Updated 

Which zone will be considered the most effective "zones" to consider for the next support/demand zone? Green lines indicate "potential zones of correction or continued impulse areas" Zones of red, green, purple(?) indicate a modified direction of fib numbers to my own preference... Consider before answering... My bias is that it will retrace slowly lower...

DaversLemons

Thinking it will go up for the next 10-20 pips and then go from there.. within then next 20-30 minutes time-frame.

DaversLemons

Note, I do not claim to be an "expert" but just am stating my "experience" of what I seem to observe "which seems" to make sense. Feel free to respond stating: I agree because I disagree because Now to state the idea-concept I will use EUR/USD as an example (primarily because it is the currency I trade with 90% of the time) Try to place in different simple...

DaversLemons

GENERAL DIRECTION IS SHORTING LOOKING AT THE LINES AND CIRCLES

DaversLemons

Based upon the 1 Weekly chart, unless someone can clarify my understanding, this chart and indicators establish a short position option going down to .61 something... Tell me what you think.

DaversLemons

I am testing out my understanding of how to draw lines from stickky charts(?) book. I assume it will be going further north towards .70, but I am not certain as I see the other direction be towards .62 and lower. I think I saw some head and shoulders as well, but I am uncertain the exact drawing techniques. Would appreciate feedback. I am one who likes to...

DaversLemons

Is my drawing accurate or wrong?