Ohh, the life of a daily tf trader. Jump out of a play to soon and their is potential for it to be weeks before a re-entry.
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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Disliked{quote} most "academic" (is that peer-reviewed?) papers on fx aim to determine the statistical likelihood of success (the expectation value) using a particular strategy. they seldom try to tease out the underlying mechanism - which is an unmitigated good. personally, i only care in proportion to what's at stake. H+S is a joke if 50p is at risk. here, today and next week, we're looking at a potential drop of >1000p! i don't care if H+S patterns only work 1/3 of the time ... what i see H+S-wise is gonna get some consideration every trade i make....Ignored
Disliked{quote} IMO, the real identifier of a H&S... is the HL it creates on the right shoulder. Breaking the lows then gives you a LL and the potential start of the next down trend.Ignored
DislikedWatch for European market close. I think enough volume (consolidation if you like) has been gathered to flip table either way. If eurodollar dips below 30 while usdjpy start going higher and dollar index testing intraday high, there will be a big drop. (calculated around min 5bn$) But it works either way.Ignored
Disliked{quote} had a bad day?.. are you saying all the bean counters from many administrations are allowing this. if your a bad trader its u.Ignored
DislikedWatch for European market close. I think enough volume (consolidation if you like) has been gathered to flip table either way. If eurodollar dips below 30 while usdjpy start going higher and dollar index testing intraday high, there will be a big drop. (calculated around min 5bn$) But it works either way.Ignored
Disliked{quote} Are you predicting a 1.19xx-1.20xx in the E/U next week? I am curious what data ( T/A & F/A ) supports that. Just asking from a teaching standpoint. DO you have a retrace on this prediction? I am just wondering what the FED element adds here ? ThanksIgnored
Disliked{quote} the "rule" for H+S patterns is that the price move beyond the neckline should about equal the distance of the head above (or below) the neckline. my original post on this was a little hasty... more accurate figs are: a. distance of head from neckline (feb 1) is actually closer to 1075 pips, b. extension down from neckline is break occurs in next few days is really about 1810 (not 1750). a good wiki summary can be found here: http://en.wikipedia.org/wiki/Head_an...art_pattern%29 (that was what "by the book" meant)...Ignored