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  • #28,781
  • Sep 9, 2008 10:45pm Sep 9, 2008 10:45pm
Quoting FXObserver
Forming H&S on the 1 hr chart and if the top of the right shoulder has been reached as i saw it, we're going down.
for the last few weeks head and shoulders were a trap...i wouldnt be surprised if this one is one too
Different opinions highly valued, ignorant to slander.
  • #28,782
  • Edited 10:58pm Sep 9, 2008 10:46pm | Edited 10:58pm
http://www.bloomberg.com/apps/news?p...TfY&refer=home

Quote
Crude oil jumped in New York as OPEC President Chakib Khelil called on members to stop producing more than the group's set quota after prices fell to almost $100 a barrel.
After this, guess how many buy limits there are for oil very near $100? If the price ever gets near that level, look out for huge bounce up on oil and EURUSD too.

Opec has been talking about $100 oil level as the lowest they are willing to go for a long time and crude is one of the only markets where someome (opec) can really control the price.
  • #28,783
  • Sep 9, 2008 10:47pm Sep 9, 2008 10:47pm
http://www.cnbc.com/id/26632977

little followup to the earlier oil story..it's official apparently.
FUBAR...
  • #28,784
  • Edited 11:13pm Sep 9, 2008 10:50pm | Edited 11:13pm
Quoting ak4x
M3 to the stinkin pip.
Noticed that.
I'm seeing a possible inverted H&S formation in H1 with that level as neckline. (Though UTL of ascending channel could be a second option).

If 1, price would possibly reach 1.4265 (before or after dropping to 1.4124 to create the second shoulder) and then drop (or follow on).

If 2, 1.4435 is reachable, then back to 1.4240 (50%).

Who knows.

Quoting FXObserver
Forming H&S on the 1 hr chart and if the top of the right shoulder has been reached as i saw it, we're going down.
I like that one sooo much better. Is more logical: would bring us to about 1.3950... and distance of head to neckline is about the average straight range (135 pips).
  • #28,785
  • Sep 9, 2008 10:51pm Sep 9, 2008 10:51pm
some days i think to myself, "self, you should unplug your pc, donate it to charity, and buy an ice cream truck. just drive around the neighborhood, play horrible obnoxious music and have hordes of adoring little ankle biters just waiting on you to show up."
FUBAR...
  • #28,786
  • Sep 9, 2008 10:57pm Sep 9, 2008 10:57pm
Quoting ak4x
some days i think to myself, "self, you should unplug your pc, donate it to charity, and buy an ice cream truck. just drive around the neighborhood, play horrible obnoxious music and have hordes of adoring little ankle biters just waiting on you to show up."
agree..
I recommend you read something else as this sentence is now concluded.
  • #28,787
  • Sep 9, 2008 10:59pm Sep 9, 2008 10:59pm
i'd like to see this 1hr candle close in 2 minutes and collapse south to M2. I'd maybe hold off on the ice cream truck if that happens.
FUBAR...
  • #28,788
  • Sep 9, 2008 11:10pm Sep 9, 2008 11:10pm
Quoting ak4x
i'd like to see this 1hr candle close in 2 minutes and collapse south to M2. I'd maybe hold off on the ice cream truck if that happens.
Add to this that Trichet is scheduled for 3:00AM... just after Euro news.
  • #28,789
  • Sep 9, 2008 11:12pm Sep 9, 2008 11:12pm
Quoting ak4x
i'd like to see this 1hr candle close in 2 minutes and collapse south to M2. I'd maybe hold off on the ice cream truck if that happens.
It's almost granted
  • #28,790
  • Sep 9, 2008 11:15pm Sep 9, 2008 11:15pm
miserable Bollinger bands... who put that thing there?
Attached Image
FUBAR...
  • #28,791
  • Sep 9, 2008 11:17pm Sep 9, 2008 11:17pm
am holding on to a short from 1.4184...

but lately the down force seem to have dampened..
  • #28,792
  • Sep 9, 2008 11:23pm Sep 9, 2008 11:23pm
1.4125 is 61.8% fib from the last upmove which started about 6 hours ago....this could be the deciding factor tonight...shoot up from it or break it...hmmm

Btw i am long and have been long ever since .14115...shoulda taken profit at 50pips + but eh....
Different opinions highly valued, ignorant to slander.
  • #28,793
  • Sep 9, 2008 11:24pm Sep 9, 2008 11:24pm
Quoting trading801
am holding on to a short from 1.4184...
but lately the down force seem to have dampened..
just lately it returned to the DP. it happens.
FUBAR...
  • #28,794
  • Sep 9, 2008 11:30pm Sep 9, 2008 11:30pm
i hate frankfurt
FUBAR...
  • #28,795
  • Sep 9, 2008 11:37pm Sep 9, 2008 11:37pm
hit trendline right on time now is time for utl
choose ur color
maybe late US session ?
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  • #28,796
  • Sep 9, 2008 11:40pm Sep 9, 2008 11:40pm
i donno about you guys but this looks like a perfect setup for a break up...only thing that could make it break down now is...bad euro news and/or trichet
Different opinions highly valued, ignorant to slander.
  • #28,797
  • Sep 9, 2008 11:41pm Sep 9, 2008 11:41pm
Green for me, thanks (both ways, then...)
  • #28,798
  • Sep 9, 2008 11:47pm Sep 9, 2008 11:47pm
Quoting fxterrapin
Sure. On my 22"er they don't seem that large.
  • #28,799
  • Sep 9, 2008 11:48pm Sep 9, 2008 11:48pm
A break of 1.4180 triggers move to 1.4250-1.4275
  • #28,800
  • Sep 9, 2008 11:48pm Sep 9, 2008 11:48pm
Good news = up to 4250.
Then, Trichet speaks = down to 3950?
Ah, wishes, just wishes
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