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  • #22,521
  • Jan 8, 2013 10:01pm Jan 8, 2013 10:01pm
Quoting HelloOz
are you meaning to say double top and triple top?

Double three or triple three from EWP.

It is a rare sideways "accordion" pattern that is a sideways correction and a combination of two or three corrective patterns.

Would appear on chart as quadruple top or septuple top if you were to include the initial impulsive wave.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,522
  • Jan 8, 2013 10:24pm Jan 8, 2013 10:24pm
Quoting Mr. Scott
Something to consider, on 4h.

We just had a double three that just failed that would have implied a breakout.

Also occurred on the 1hr.

Now, it appears we could be in last a wave of a triple three and that would imply a breakout.

Also, please consider the fear of losing if short and it moves against you, have to buy it back. Now it is retesting same level of initial move.
Breakout to upper side or downside?
daddybearforex. com
  • #22,523
  • Jan 8, 2013 10:37pm Jan 8, 2013 10:37pm
Quoting DaddyBear
Breakout to upper side or downside?
That is the question. Depends upon your outlook, whether we are in a bull or bear market now?

I am flat as I am not sure and will wait.

But if one believes we are in bull market, then it would be to the upside. That outlook fits nicely on hourly chart.

I am not, so I will wait. Good news is that this is like a coiled spring and should have a lot of power when it breaks out.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,524
  • Jan 8, 2013 10:57pm Jan 8, 2013 10:57pm
Quoting Mr. Scott
Something to consider, on 4h.

We just had a double three that just failed that would have implied a breakout.

Also occurred on the 1hr.

Now, it appears we could be in last a wave of a triple three and that would imply a breakout.

Also, please consider the fear of losing if short and it moves against you, have to buy it back. Now it is retesting same level of initial move.
Regarding the Triple Three, I made a diagram based on H1 chart PA for everyone's reference. If this is the case in the end, there are 2 and 1/2 waves to go. As mentioned tonight, I did not expect a big drop. This diagram may in fact the support of my view.
Attached Image (click to enlarge)
Click to Enlarge Name: EWC-010813.JPG Size: 46 KB
daddybearforex. com
  • #22,525
  • Jan 8, 2013 11:05pm Jan 8, 2013 11:05pm
Quoting DaddyBear
Regarding the Triple Three, I made a diagram based on H1 chart PA for everyone's reference. If this is the case in the end, there are 2 and 1/2 waves to go. As mentioned tonight, I did not expect a big drop. This diagram may in fact the support of my view.
Nice drawing.
My charts are telling me northbound. Unless some catastrophe occurs sending everyone to the USD for safety.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 158 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #22,526
  • Jan 8, 2013 11:09pm Jan 8, 2013 11:09pm
Quoting DaddyBear
Regarding the Triple Three, I made a diagram based on H1 chart PA for everyone's reference. If this is the case in the end, there are 2 and 1/2 waves to go. As mentioned tonight, I did not expect a big drop. This diagram may in fact the support of my view.
Excellent job DaddyBear.

That is it exactly, I am not good at drawing pretty pictures but hand draw them on paper so I can see them in my head.

I can see it, I can explain it, but for some reason, I can not commit to it, so I am flat.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,527
  • Jan 8, 2013 11:21pm Jan 8, 2013 11:21pm
Quoting DaddyBear
Regarding the Triple Three, I made a diagram based on H1 chart PA for everyone's reference. If this is the case in the end, there are 2 and 1/2 waves to go. As mentioned tonight, I did not expect a big drop. This diagram may in fact the support of my view.
At this point, the whole consolidation looks more like a Double Three than a Triple.
Attached Image (click to enlarge)
Click to Enlarge Name: EWC-010813-2.JPG Size: 40 KB
daddybearforex. com
  • #22,528
  • Jan 8, 2013 11:23pm Jan 8, 2013 11:23pm
Quoting MarcVUM
Nice drawing.
My charts are telling me northbound. Unless some catastrophe occurs sending everyone to the USD for safety.
Welcome MarcVUM. Are you a cowboy?
daddybearforex. com
  • #22,529
  • Jan 8, 2013 11:26pm Jan 8, 2013 11:26pm
Finally figured out why I can not commit to lg.

Noticed divergence on 4h and daily. Must have seen it subconsciously.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,530
  • Jan 8, 2013 11:38pm Jan 8, 2013 11:38pm
Quoting DaddyBear
At this point, the whole consolidation looks more like a Double Three than a Triple.
To match the reality, I modified above diagram to reflect another possibility.
Attached Image (click to enlarge)
Click to Enlarge Name: EWC-010813-2-A.JPG Size: 47 KB
daddybearforex. com
  • #22,531
  • Jan 8, 2013 11:44pm Jan 8, 2013 11:44pm
Quoting DaddyBear
To match the reality, I modified above diagram to reflect another possibility.
are you drawing this?

http://4.bp.blogspot.com/-xvyh2qLOe1...s400/bart5.jpg
  • #22,532
  • Jan 8, 2013 11:53pm Jan 8, 2013 11:53pm
No. Is this your portrait?

Quoting HelloOz
are you drawing this?

http://4.bp.blogspot.com/-xvyh2qLOe1...s400/bart5.jpg
daddybearforex. com
  • #22,533
  • Jan 8, 2013 11:58pm Jan 8, 2013 11:58pm
Quoting DaddyBear
No. Is this your portrait?
say leaf..
http://www.forexfactory.com/nfs/cust...ic297304_1.gif
  • #22,534
  • Jan 9, 2013 12:05am Jan 9, 2013 12:05am
I know this is off the subject..But I draw and paint as a hobby..this is one i just finished
Quoting DaddyBear
No. Is this your portrait?
Attached Image (click to enlarge)
Click to Enlarge Name: 553991_286263991484294_1734563186_n.jpg Size: 76 KB
  • #22,535
  • Jan 9, 2013 12:08am Jan 9, 2013 12:08am
Quoting dsmith2269
I know this is off the subject..But I draw and paint as a hobby..this is one i just finished
Very nice.

Happy Trades,
fxstir
  • #22,536
  • Jan 9, 2013 12:08am Jan 9, 2013 12:08am
Quoting dsmith2269
I know this is off the subject..But I draw and paint as a hobby..this is one i just finished
holy shit..
your drawing is so much better than DB.

how long does it take you to finish that?
  • #22,537
  • Jan 9, 2013 12:08am Jan 9, 2013 12:08am
Quoting dsmith2269
I know this is off the subject..But I draw and paint as a hobby..this is one i just finished
As long as we are in the Bart Simpson correction, plenty of time.

That is great.

I need to hire you to paint my pretty pictures of the market.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,538
  • Jan 9, 2013 12:13am Jan 9, 2013 12:13am
Thanks..still waiting to get in a sell on this ...
Quoting HelloOz
holy shit..
your drawing is so much better than DB.

how long does it take you to finish that?
Attached Image (click to enlarge)
Click to Enlarge Name: 1-8-2013 10-12-13 PM.jpg Size: 352 KB
  • #22,539
  • Jan 9, 2013 12:22am Jan 9, 2013 12:22am
Quoting HelloOz
but i only have $20.
http://www.youtube.com/watch?v=QK8mJJJvaes
I love your funky Sh"t..........
The More You Learn, The More You Earn.....
  • #22,540
  • Jan 9, 2013 12:28am Jan 9, 2013 12:28am
This shit should fall sooner or later. I'm seeing 1.03 in 2 weeks time.
When Scalpers win, I lose and Vice varsa...
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