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  • #9,941
  • Edited 2:42am May 26, 2008 2:24am | Edited 2:42am
Here is a picture. If you look back you will see after most of death crosses (which is a cross Weighted Moving Average 100 & 200 )there was a bigger move.
Attached Image (click to enlarge)
Click to Enlarge Name: cross.gif Size: 32 KB
  • #9,942
  • May 26, 2008 2:29am May 26, 2008 2:29am
Quoting sandez
Here is a picture. If you look back you will see after most of death crosses (which is a cross Weighted Moving Average 100 & 200 )there was a bigger move. http://forexfactory.com/C:\Documents...eath-cross.gif
Oops, you picture does not show. The cross of MA 100 & 200 could mean bigger moves, but it could also be downward move if it bounces. There are articles about "dreaded death cross" for currency and equity markets because it's sharp drop from there. Do you have any other analysis or reasons to believe that it's an upward move?
Expected the unexpected
  • #9,943
  • May 26, 2008 2:34am May 26, 2008 2:34am
Quoting fxterrapin
Possible formation of a Cup and handle pattern on the daily, leading to a breakout to the upside, out of the 'handle' channel. Pattern is somewhat more 'V'ish than 'U'ish... something to watch out for.
fxterrapin,

Good observation. I hadn't noticed it and frankly, have not traded this pattern before.

I took a look at the Investopedia Link that JohnDoe suggested and I wanted to mention that Thomas Bulkowski discusses the cup and handle pattern here.

It will be interesting to see what transpires in relation to this pattern.

Rob
  • #9,944
  • May 26, 2008 2:35am May 26, 2008 2:35am
Good week to everyone
can anyone pls explain how to calculate my weekly pivot?
toppz
  • #9,945
  • May 26, 2008 2:36am May 26, 2008 2:36am
Quoting scyang
It is investopedia and other sites that I have found information regarding cup and handle formation. They seem to all indicate that the handle part should be a slight downturn, which makes me think that will see 1.56xx before it will take up to go higher. Those who are experts on the thread, please put in your opinion.
The downturn for the handle should be approx. no more than 1/3 of cup.
There can be ranging in region of handle before breakout.
  • #9,946
  • May 26, 2008 3:34am May 26, 2008 3:34am
Hey all, If we get a break of the 5747 level here we should be good for at least a 50 pip drop off of the double top. Including 2 nice evenng stars in the last 8 hours. All spells down for me.
  • #9,947
  • May 26, 2008 3:51am May 26, 2008 3:51am
i see head and shoulders 1 hour chart

what u all thinking ?


i guess i will short
Attached Image (click to enlarge)
Click to Enlarge Name: euro dollar 1 hour.png Size: 76 KB
  • #9,948
  • May 26, 2008 3:55am May 26, 2008 3:55am
Quoting hard1head1
Hey all, If we get a break of the 5747 level here we should be good for at least a 50 pip drop off of the double top. Including 2 nice evenng stars in the last 8 hours. All spells down for me.
do you mind to explain why pls

thanks
  • #9,949
  • May 26, 2008 4:06am May 26, 2008 4:06am
Well, your coming off of a classic double top and your entry should be the low in between. I wait for it to test this low before staying in to go down farther. But its a holiday, so its a risky trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 43 KB
  • #9,950
  • Edited 4:51am May 26, 2008 4:15am | Edited 4:51am
view not a call ( medium term )
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Click to Enlarge Name: ch1.gif Size: 17 KB
  • #9,951
  • May 26, 2008 4:26am May 26, 2008 4:26am
My eu buy stopped out at +2 quite quickly last night. I am not anticipating any action today.

I have added a global order closure routine to my Multi purpose trade manager. It, along with instructions for use are in the attached zip file. Next, I shall add the facility to part-close individual trades at a pre-determined profit point.

Attached File(s)
File Type: zip EA's and Scripts.zip   70 KB | 420 downloads
  • #9,952
  • May 26, 2008 4:38am May 26, 2008 4:38am
Hey trader......please take a look at hourly chart.... there is two shooting star candle......could be bearish today...........
  • #9,953
  • May 26, 2008 4:42am May 26, 2008 4:42am
Quoting gerardogani
Hey trader......please take a look at hourly chart.... there is two shooting star candle......could be bearish today...........
Look like some selling going on, so the bulls have good price monday-tuesday
  • #9,954
  • May 26, 2008 4:43am May 26, 2008 4:43am
Quoting gerardogani
Hey trader......please take a look at hourly chart.... there is two shooting star candle......could be bearish today...........
agree
  • #9,955
  • May 26, 2008 5:19am May 26, 2008 5:19am
An evening star bounce off of that low on the 15.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 46 KB
  • #9,956
  • May 26, 2008 5:29am May 26, 2008 5:29am
Quoting hard1head1
An evening star bounce off of that low on the 15.
Good sign for short?
Expected the unexpected
  • #9,957
  • May 26, 2008 5:42am May 26, 2008 5:42am
Hi all can anyone please help me with how to calculate my weekly pivots.

btw Head1Head1 the market looks pretty dull now do you think we can have good momentum today

thanks for the help
  • #9,958
  • May 26, 2008 5:55am May 26, 2008 5:55am
Yes

Quoting scyang
Good sign for short?
  • #9,959
  • May 26, 2008 5:55am May 26, 2008 5:55am
No

Quoting toppz
Hi all can anyone please help me with how to calculate my weekly pivots.

btw Head1Head1 the market looks pretty dull now do you think we can have good momentum today

thanks for the help
  • #9,960
  • May 26, 2008 5:56am May 26, 2008 5:56am
Quoting toppz
Hi all can anyone please help me with how to calculate my weekly pivots.

btw Head1Head1 the market looks pretty dull now do you think we can have good momentum today

thanks for the help

here u go

Attached File(s)
File Type: zip Pivot Calculator.zip   17 KB | 526 downloads
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