DislikedI see a H&S pattern with the neckline @ daily pivot.. clearly visible on a 15min chart.Ignored
Edit: i meant a chart..oops...someone had a little too much wine tonight
Different opinions highly valued, ignorant to slander.
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DislikedI see a H&S pattern with the neckline @ daily pivot.. clearly visible on a 15min chart.Ignored
DislikedI'm really more of a believer of going long, particularly if the upswing continues on the daily chart. But that's another setup, another entry and another story altogether.Ignored
DislikedFrom what I've observed since i started trading the asians dont love to either buy or sell the dollar on any particular day. What I have noticed instead is if we have a bull day...the asian will bring a relative small bear run...if we had a bear run..they will bring a relative small bull run. Consolidations in the pre us session close determined ranging areas. Just my 2cents...acumen did a study on this last year if hes willing to talk....he saw pretty much the same thingIgnored
DislikedThis is something that I don't do lots
A scalp
http://i44.tinypic.com/330yazm.gif
My short order will be hit if the psar trend turns at 2594.
I'm really more of a believer of going long, particularly if the upswing continues on the daily chart. But that's another setup, another entry and another story altogether.Ignored
Dislikedas im sure you are aware..the ecb rate cut decision and the speech after is roughly in....7 hours from now. whats your take on how that will move the markets and why?Ignored
DislikedPersonally, I can only see this going short at the moment from this current retracement. It tested the coral line several times, but can't seem to get past it.
Saying that, the bears haven't showed up either. I'm in a short position right now, so my opinion is probably biased.
But more factors are pointing towards a bear run, rather than a bull run in the short term.
I think it will probably test the daily pivot again.Ignored
Dislikedas i deal with bear/bull flags all the time...i have to give my take on this. a flag in general does not break the most recent resistance/support level. in this particular case...we have pushed below what should have been strong support once broken at 1.2625. in other words...i see this more of as a bear flag if you consider pa only from the current high at 1.2665 or so to current low with that 1.2625 level acting as resistance. its all a matter of interpretation really.Ignored
Dislikedcan you post this please...for visual people like me who dont use indicators (no idea what daily pivot is) i would love to see your interpretation of this h&s
Edit: i meant a chart..oops...someone had a little too much wine tonightIgnored