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False Break Warning Expedite!
Wed, Nov 19 2008, 16:46 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
A. (19 November US) Latest Impact: False Break Warning Expedite!
Yesterday a wire @ NonySqueakNews was launched warning for a false break. Today the false break materialized and the warning as a reminder is as follows:
“EURUSD is approaching a break out from the latest daily triangle and within the next 2-session to assign a false-break signal tactic. It is not worth to buy or sell outside that triangle yet as both levels will return to shape a rectangle. In other words, what goes up will go down and vice versa.”
The market allocated stops from one side and will trade range afterwards to allocate stops from the other side. So if your currency stops were gulped from the topside (like eurusd), then wait for another sort of gulping yet from the downside. Those spikes will form a rectangle that may be surfaced on charts till Thanksgiving Day.
B. Signal
Limit Order Valid till XX November
C. Mission Accomplished:
n/a
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Wed, Nov 19 2008, 16:50 GMT
Archive
- 20pips GBPCHF Mission Accomplished
Published On Mon, Nov 23 2009, 08:01 GMT - GBPUSD: Will Bear Start Controlling?
Published On Fri, Nov 20 2009, 07:24 GMT - USDJPY, Where Next?
Published On Tue, Nov 17 2009, 08:23 GMT - The pound and its 16490
Published On Thu, Nov 12 2009, 05:28 GMT - Yen Crosses bearish move might be arrested!
Published On Wed, Nov 4 2009, 05:46 GMT
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