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  • #28,781
  • Sep 10, 2008 12:45am Sep 10, 2008 12:45am
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 12:58am Sep 10, 2008 12:46am | Edited 12:58am
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 10, 2008 12:47am Sep 10, 2008 12:47am
http://www.cnbc.com/id/26632977

little followup to the earlier oil story..it's official apparently.
FUBAR...
  • #28,784
  • Edited 1:13am Sep 10, 2008 12:50am | Edited 1:13am
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 10, 2008 12:51am Sep 10, 2008 12:51am
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 10, 2008 12:57am Sep 10, 2008 12:57am
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 10, 2008 12:59am Sep 10, 2008 12:59am
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 10, 2008 1:10am Sep 10, 2008 1:10am
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 10, 2008 1:12am Sep 10, 2008 1:12am
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 10, 2008 1:15am Sep 10, 2008 1:15am
miserable Bollinger bands... who put that thing there?
Attached Image
FUBAR...
  • #28,791
  • Sep 10, 2008 1:17am Sep 10, 2008 1:17am
am holding on to a short from 1.4184...

but lately the down force seem to have dampened..
  • #28,792
  • Sep 10, 2008 1:23am Sep 10, 2008 1:23am
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 10, 2008 1:24am Sep 10, 2008 1:24am
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 10, 2008 1:30am Sep 10, 2008 1:30am
i hate frankfurt
FUBAR...
  • #28,795
  • Sep 10, 2008 1:37am Sep 10, 2008 1:37am
hit trendline right on time now is time for utl
choose ur color
maybe late US session ?
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  • #28,796
  • Sep 10, 2008 1:40am Sep 10, 2008 1:40am
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 10, 2008 1:41am Sep 10, 2008 1:41am
Green for me, thanks (both ways, then...)
  • #28,798
  • Sep 10, 2008 1:47am Sep 10, 2008 1:47am
Quoting fxterrapin
Sure. On my 22"er they don't seem that large.
  • #28,799
  • Sep 10, 2008 1:48am Sep 10, 2008 1:48am
A break of 1.4180 triggers move to 1.4250-1.4275
  • #28,800
  • Sep 10, 2008 1:48am Sep 10, 2008 1:48am
Good news = up to 4250.
Then, Trichet speaks = down to 3950?
Ah, wishes, just wishes
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