Here's a little comic story I wrote - from one median line to another. The kiwi is currently neutral, though slightly bullish. The US dollar is not as strong yet as it seems - its recent power display may be short-lived - as I find it long-term weak.
Is the story going to develop according to my scenario? We'll see - yet another reality show. All we can do is watch. Stay tuned.
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Following my expectation of a return to balance, here's another (fancy) nexus balance line, which was created by connecting the central points (ie. crosses of the median line and the B-C line) of consecutive pitchforks. What's the value of it? I expect the pervasive force (that leaves footprints in a form of the trend) to make price return to balance, which is probably somewhere in the orange box area...
delete3
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interesting... still LONG... Should see above .8640 thou...
ForceFollower
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I'm sorry. I didn't know you'd already seen that post here. If I had known, I wouldn't have posted it in your thread. :)
delete3
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its OK.. Cheers :)
ForceFollower
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We're still good. :)
delete3
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yes we are.. :)
delete3
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Hi, any pairs you are watching? (not positioned yet?)
ForceFollower
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As you've probably seen, I gave you my reply in wuweitrader's thread. :) So: long AUDCHF, CADCHF; short EURAUD.
delete3
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yes I ve seen.. that question meant for you but when he answered I got confused and asked here too... Thank you
ForceFollower
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This is probably going to be an example of a "spring being compressed". By a "spring" I mean a mechanical coiled, steel device that stores energy. At some point the spring can't be compressed any more and when it's released... the spring pushes back (extends itself) vehemently. Most springs obey Hooke's law, which states that the force with which the spring pushes back is linearly proportional to the distance from its equilibrium length.
So, the larger the distance and direction the spring is deformed from its equilibrium length, the greater the resulting force vector, ie. the greater the magnitude and direction of the restoring force the spring exerts. I hope it's clear that what it means for us is the longer the energy coil lasts and the deeper the correction goes, the stronger the reactive rally is going to be.