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  • #59,641
  • Jan 28, 2009 2:15am Jan 28, 2009 2:15am
Right now I'm staying aside until 4h new CS open. This might be a bull trap now. But anything can happen right!!!....

p.s:- It's not even a place for me to buy. Not tempted by this move.
  • #59,642
  • Jan 28, 2009 2:16am Jan 28, 2009 2:16am
it have stopped were i said, now need little bit wait and then just sell
  • #59,643
  • Jan 28, 2009 2:17am Jan 28, 2009 2:17am
1.3265 finally broken...as expected....in the process a fast moving 1min chart upwards channel developed which broke the downtrend since 1.47 again. I am now trying to pick a top you could say where pa almost touched the upper wall of the uptrend to catch the retrace back to 1.3265 to see if it is support or this whole thing was a false break up. At that point i shall close position or let it run for alot longer possibly...good pippin all...i use a 50pip stop loss...take profit...to be seen.

Attached Image (click to enlarge)
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got out at 40pips +....too crazy for me right now haha....the volatility is far greater then it has been for the past...10 hours at least....
Different opinions highly valued, ignorant to slander.
  • #59,644
  • Jan 28, 2009 2:20am Jan 28, 2009 2:20am
waiting to see if cup and handle is completed
Attached Image (click to enlarge)
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  • #59,645
  • Jan 28, 2009 2:22am Jan 28, 2009 2:22am
There is a nice double top at @ 1.3310....Time to go down I believe
  • #59,646
  • Jan 28, 2009 2:23am Jan 28, 2009 2:23am
This is what I would say to those who went LONG just now or even about to think of a break or even touching yesterday's high...

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  • #59,647
  • Jan 28, 2009 2:25am Jan 28, 2009 2:25am
hmm.. do you think it will reach highs one more time or not?
  • #59,648
  • Jan 28, 2009 2:28am Jan 28, 2009 2:28am
Quoting janka3002
hmm.. do you think it will reach highs one more time or not?
I might be wrong & anything can happen in FOREX. All I'm trying to say is that it would be a stupid move to take a long now....

p.s:- NEVER BUY HIGH or SELL LOW

  • #59,649
  • Jan 28, 2009 2:30am Jan 28, 2009 2:30am
Quoting moewenger
I might be wrong & anything can happen in FOREX. All I'm trying to say is that it would be a stupid move to take a long now....

p.s:- NEVER BUY HIGH or SELL LOW


Only BUY High if you can sell HIGHER
Only SELL Low if you can buy LOWER

  • #59,650
  • Jan 28, 2009 2:38am Jan 28, 2009 2:38am
what are your predictions because it seems like it trying to go higher.
  • #59,651
  • Jan 28, 2009 2:39am Jan 28, 2009 2:39am
It looks like they want to attack the 13300 level again. Is the third tike a charm or will it be rejected???
  • #59,652
  • Jan 28, 2009 2:41am Jan 28, 2009 2:41am
Quoting SmoothTrader
It looks like they want to attack the 13300 level again. Is the third tike a charm or will it be rejected???

it seems like the bulls wanna try to break this level, i it happen, the we are flying up
  • #59,653
  • Jan 28, 2009 2:55am Jan 28, 2009 2:55am
Looks like pretty beautiful reverse h&s on h4.
  • #59,654
  • Jan 28, 2009 2:58am Jan 28, 2009 2:58am
Quoting mikkom
Looks like pretty beautiful reverse h&s on h4.

Beauty is in the eye of the beholder.

It kind of looks like it might be better classified as a "Humpback H&S"


Well it's still valid even if she won't win any beauty contests.
  • #59,655
  • Jan 28, 2009 3:01am Jan 28, 2009 3:01am
I'm thinking of going long at 1.3330. Taking profit at the 2nd pivot resistance.
  • #59,656
  • Jan 28, 2009 3:03am Jan 28, 2009 3:03am
will go long if price hits above 1.3320. with TP of 1.34
  • #59,657
  • Jan 28, 2009 3:04am Jan 28, 2009 3:04am
Quoting mikkom
Looks like pretty beautiful reverse h&s on h4.
i see it as more of a sloppy W that has been completed already with yesterdays high...now the question is whats next...a continuation towards next resistance at 1.3500 or so...or the downtrend resumes....at this time im looking at 1.3329 (yesterdays high) to be decisively broken to go higher or a break back down below 1.3265 to start a serious downtrend...ill post a chart as soon as one of those values gives way
Different opinions highly valued, ignorant to slander.
  • #59,658
  • Jan 28, 2009 3:08am Jan 28, 2009 3:08am
Quoting psiholog
i see it as more of a sloppy W that has been completed already with yesterdays high...now the question is whats next...a continuation towards next resistance at 1.3500 or so...or the downtrend resumes....at this time im looking at 1.3329 (yesterdays high) to be decisively broken to go higher or a break back down below 1.3265 to start a serious downtrend...ill post a chart as soon as one of those values gives way
I don't know if we are looking at the same thing, still looks a lot like h&s to me. It's important to note that it's not confirmed before the neckline is penetrated, this might fail as well.
Attached Image (click to enlarge)
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  • #59,659
  • Jan 28, 2009 3:16am Jan 28, 2009 3:16am
if it goes under 1.3265 thats possible signal that it starts to go down
  • #59,660
  • Jan 28, 2009 3:17am Jan 28, 2009 3:17am
we are going down now
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