DislikedI had quite a lengthy and interesting discussion today with a couple of traders concerning the Quasimodo on the EURJPY today. I can't even venture a guess how many thousands of dollars were trapped on both sides of the market. Sure it is easy to say that I will enter on the right shoulder and go long. But you don't know that the right shoulder will develop during the heat of the battle. I will bet there were traders that were long and short 4 or 5 times on this single formation with each getting stopped out. The highest point on the shoulder to...Ignored
Can you explain what you mean with a Quasimodos and how you can see them?