Cradle Resistance and Support Chat conversation about Cradle resistance on eur/usd on 8/2/2011 (edited) Charts to demonstrate this chat:http://pup-trader.com/chart-patterns/cradle/cradle.html pup says: eur/usd dropped below an id support line and rose to kiss it, or so it appears to me, also rose into a cradle, touching downtrend from 3:44 pup says: had to ignore that morning dip in order to draw that support line, but had lots of touches with one violation Host TAfool says: re: dips....You know I ignore seemingly out of place moves....got no problem cutting them off the chartpup says: looked like price had risen to double resistance, good place for shortpup says: with tight stoppup says: not much change, but price is squished up in the cradle pup says: it's already not looking good though pup says: eur/usd price has moved past the cradle, still honoring the resistance line thoughpup says: that eur/usd resistance held for a downturn but it would've shaken me out firstpup says: peeked way up above the resistance at 1.41900For information on joining the chat room, download mIRC here: http://www.mirc.com/ and go to http://othernet.org to select a server for the #devilsden chat. Don't use the stinky java chat.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M