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  • #1,135,141
  • Edited 4:12pm Sep 23, 2017 3:57pm | Edited 4:12pm
Quoting PuttPutt4x
{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?
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 and then a short time time span for it to come to fruition ,but if your in upside down it sure appears fast lol Fridays open was the same as the weekly open basically ,,,,,traded under it all week other than a couple spikes ,,,,,,,if it had used weekly open for support a different out come but it never did
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  • #1,135,142
  • Sep 24, 2017 12:40am Sep 24, 2017 12:40am
Quoting digger1
{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...
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.
  • #1,135,143
  • Edited 1:33am Sep 24, 2017 1:21am | Edited 1:33am
Quoting ill_be_back
{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 1.19035
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 your ego.

Den needs to find his way not following BS ideas.

My day to be an old grumpy man.
trading is simple but is simple is not easy.
  • #1,135,144
  • Sep 24, 2017 2:55am Sep 24, 2017 2:55am
Quoting PuttPutt4x
{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.
Ah no worries man,,,,,,as stated all the patterns you can read about are not all gonna be textbook ,,,,,,,,, I would venture to say a good portion of the people that came across those patterns made more from selling that information than they ever did trading it . Trading everything works until it dosent lol,,,,,,,,every pair you can trade,,,, each has its own little things it does that is a little different than another pair etc etc ,,,,,, Very easy to trade from right to left ,,,,,,,,,its all a leap of faith from left to right my friend.
  • #1,135,145
  • Sep 24, 2017 5:06am Sep 24, 2017 5:06am
Quoting ZenNy
{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...
Lol that was a funny post... have you ever followed those people mentioned in those posts....

they are the few names in here that I van mention who post the trades BEFORE the fact! It's quite astonishing how you speak about them... seriously. There are no more than a few people who post the level and trade with SL before the fact, it's something ff should reward on its own... then majority of diamond's would be gone... ESPECIALLY THE RED ONES...
  • #1,135,146
  • Sep 24, 2017 8:42am Sep 24, 2017 8:42am
Well Looks like the EURO will be going down based on the below. I traded the USD/JPY and a made loads of pips based on their order entry and target which is still in play.

You guys think it is accurate?


Morgan Stanley like the euro; this from their latest 'FX Pulse'

  1. Limit Order (21-Sep-17) Entry: 1.1830;
  2. Target: 1.2500;
  3. Stop: 1.1640

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.

  • #1,135,147
  • Sep 24, 2017 10:29am Sep 24, 2017 10:29am
My view

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No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,135,148
  • Sep 24, 2017 10:32am Sep 24, 2017 10:32am
Quoting NotAtrader
My view {image}

So your basically saying the same as well, but with no initial drop!!
  • #1,135,149
  • Sep 24, 2017 10:41am Sep 24, 2017 10:41am
Quoting Samson85
{quote} So your basically saying the same as well, but with no initial drop!!
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

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,135,150
  • Sep 24, 2017 11:03am Sep 24, 2017 11:03am
Merkel down 8%, still first. Far right at 13%, not good for Germany. These from exit polls.

Not sounding good for Euro.
  • #1,135,151
  • Sep 24, 2017 11:43am Sep 24, 2017 11:43am
Merkel First.
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  • #1,135,152
  • Sep 24, 2017 12:00pm Sep 24, 2017 12:00pm
Quoting Walz
Merkel First. {image}
AfD expected 12%... gained more
  • #1,135,153
  • Sep 24, 2017 12:03pm Sep 24, 2017 12:03pm
Quoting NotAtrader
{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 Cheers

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!!
  • #1,135,154
  • Sep 24, 2017 12:21pm Sep 24, 2017 12:21pm
Quoting Samson85
{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!!
Well many people now think that this is not good for Germany and for the Euro.
I can say Merkel has always benn flexible and capable to grab and adopt ideas from the opposition. This is how she has stayed strong for so many years.

Now she will have a bigger portion of the opposition to deal with and she will take advantage of this. She will be able to tighten the foreign and refugee policy without taking the full responsibility for that. Eventually her political decisions will be welcomed by the nation and her popularity will grow like never before. She will use the advantage to get even closer to France and this cannot be bad for the Euro.

Just my opinion

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,135,155
  • Sep 24, 2017 12:23pm Sep 24, 2017 12:23pm
https://www.forexfactory.com/showthr...4#post10322794
  • #1,135,156
  • Sep 24, 2017 12:23pm Sep 24, 2017 12:23pm
Quoting ZenNy
{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...
Big mistake! Very big! You are wrong buddy! Most of his trades are Limit orders. Way before price travel further. 3 months I have been following him to understand his precision! I figured it out but it's not my style of trading. I am not sure what made you so angry about it. But I'll Be Back is good trader. I honestly think he is posting here for fun not for recognition!
  • #1,135,157
  • Sep 24, 2017 12:24pm Sep 24, 2017 12:24pm
While the price not cross the trendline lower, not have reason for to sold the EUR/USD.

Chart H4
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  • #1,135,158
  • Sep 24, 2017 12:45pm Sep 24, 2017 12:45pm
Quoting Drolph
https://www.forexfactory.com/showthr...4#post10322794
So you personally think this outcome is negative EURUSD, right?
  • #1,135,159
  • Sep 24, 2017 1:09pm Sep 24, 2017 1:09pm
gap down on EURO anyone?

0.98?
  • #1,135,160
  • Sep 24, 2017 1:14pm Sep 24, 2017 1:14pm
Quoting Don96
gap down on EURO anyone? 0.98?
omg ,,,,,,well that gap would fill the other gaps lol
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