Disliked{quote} I have noticed those patterns occur often. It would seem wise to wait for the second shoulder to form. However, I would assume that we also variations of the same formation. Those variations is what cause issues huh?Ignored
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Disliked{quote} I have noticed those patterns occur often. It would seem wise to wait for the second shoulder to form. However, I would assume that we also variations of the same formation. Those variations is what cause issues huh?Ignored
Disliked{quote} Yes , on a pair like the gbp ,,,,,,, not so much the variations but little less liquidity than say the eur ,,,,,,so gyrations can and often are bigger and the patterns can be much uglier and harder to pick out but they still mean the same thing ,,,,,,,,,,longer term levels say like a weekly level or quarterly level is more reliable than a daily level for sure ,,,little shorter time frame view of right shoulder level of the week long pattern,, for the most part the mkt dont move as fast as one would think,,,,,, all week forming that pattern...Ignored
Disliked{quote} Keep an eye on this https://www.forexfactory.com/showthr...0#post10319410 https://www.forexfactory.com/showthr...6#post10313956 Will be Looking to LONG at the Touch of 1.19035Ignored
Disliked{quote} Thank you for taking the time to explain. Amazing gap down on that pair huh? I'm trying to get a handle of the variations on the smaller tf like the 15m, but a number of variations of the same "pattern" really makes it hard to pick a direction with faith. Looking at your chart, I wouldn't consider that a head and shoulders only because the "head" is lower than the first shoulder. However, that would very well be a variation in which certain point favors a break up or down.Ignored
Disliked{quote} I do not see anything special about those two posts, but only egos trip gurus self gratifications (prices can go only in two direction and guessing one is not a big deal, and levels often have some reactions, how we trade them is important not spotting them, my dog can also do it while he is asleep)...... Maybe yourself also should stop posting "your live BS trades" only after prices are traveling in your direction and after you SL is already at BE. If you want make a live call trade make it on the spot not when is convenient to you to stroke...Ignored
MS cite:
USD's reaction to a repricing of the Fed hiking cycle will likely be limited, so we choose to buy EURUSD on dips. The fundamental eurozone story is still strong, with local equity markets now even starting to outperform despite the strength of the currency. Swiss investors should soon start to use the rise in Bund yields as a sign to put more money to work outside the eurozone. Should that money come over FX-unhedged then it would add to EUR's strength. The market no longer sees there being a high risk of the currency union breaking up, allowing EURUSD to diverge from where rate differentials would suggest.
Disliked{quote} So your basically saying the same as well, but with no initial drop!!Ignored
Disliked{quote} Yes mate kind of the same. And yes I don't see a reason for a drop. But I may be totally wrong. Good luck buddy CheersIgnored
Disliked{quote} http://news.sky.com/story/merkels-pa...ction-11051878 Well its another hung parliament so she is going to have to merge also so lets see what direction the hedge funds put the market in!!Ignored
Disliked{quote} I do not see anything special about those two posts, but only egos trip gurus self gratifications (prices can go only in two direction and guessing one is not a big deal, and levels often have some reactions, how we trade them is important not spotting them, my dog can also do it while he is asleep)...... Maybe yourself also should stop posting "your live BS trades" only after prices are traveling in your direction and after you SL is already at BE. If you want make a live call trade make it on the spot not when is convenient to you to stroke...Ignored