DislikedI would say no to the above diamond due to the upper left border not being defined properlyIgnored
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DislikedI would say no to the above diamond due to the upper left border not being defined properlyIgnored
DislikedI have never had anyone to learn from. Everything I do in the market or have written about here or in the book is based on my own research and experience only. The first ever book about Forex was published three years after I became a pro trader. By the time I got it in my hands I already learned about trading from my personal experience more than the author put into his book. Most of my book's material, that you are reading now, I wrote in 1998. There is nothing else that I can recommend you as a source of additional information about the issue. The only credit I can give goes to John Murphy's "Technical analysis for futures markets", but I have already found a lot of mistakes there as well.Ignored
DislikedI see. Thank you for sharing Igrok. Also, I was wondering what is the best work/sleep schedule might be for someone using your strategy? One cannot stay awake for full 24 hrs days at a time. At least I can't.Ignored
DislikedI think it makes sense to mention that over the last 13 years the yearly range's tops or bottoms on the EURO have been formed in January 10 times out of 13.Ignored
DislikedBTW there is a fully formed diamond on the EUR/CHF weekly and daily charts that has just been finished moments ago. It shoud be a reversal pattern that crowns the entire uptrend.Ignored
DislikedIgrok--I found your book a great read--helped me to polish my trading skills further---I have a question on Nzd/Usd daily picture---Do you think there's a H & S formation in the making---as per your book, is it wise to inititiate a short position w/ SL & reverse order above 0.7885 or do you think it is too early to comment on?
TIAIgnored
DislikedIf you mean that this might be a H&S formation you're not even close. Nothing like that can be seen on the picture you have posted here. But somehow any real H&S usually has a great chance of failure to match its promises as for some reason it has become every idiot's around favorite pattern, that in fact almost never works as prescribed. I had a great deal of disappointment while looking for one that would work properly just in order to illustrate my own book. Eventually I has found only one that looked exactly like a textbook picture but, as far as I remember, it happened back in mid 90's and I haven't seen anything like that since.Ignored
DislikedI had a great deal of disappointment while looking for one that would work properly just in order to illustrate my own book. Eventually I has found only one that looked exactly like a textbook picture but, as far as I remember, it happened back in mid 90's and I haven't seen anything like that since.Ignored
DislikedIsn't the formation we see on GBPJPY weekly a perfect H&S that is playing very well now?Ignored
DislikedI have to admit I thought the same. But i think it falls into being a diamond in nature. (http://www.forexfactory.com/showpost.php?p=1693662&postcount=655)
Why its a diamond but not technically a H&S i'm not sure..Ignored
DislikedIn this case it's a dual-diagonaled diamond on GBP/JPY. Usually such a formation looks somehow similar to the H&S, but works differently in terms of projected targets and can be either reversal or continuation, while real H&S is always a reversal pattern.Ignored