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  • #83,621
  • Apr 6, 2009 11:31am Apr 6, 2009 11:31am
out of curiousity....anyone ever see this pattern at a low before?...I have no recollection of it.

As all pa repeats itself over time through patterns...a chart would be appreciated of a similar example and/or which way they usually break

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Different opinions highly valued, ignorant to slander.
  • #83,622
  • Apr 6, 2009 11:42am Apr 6, 2009 11:42am
Quoting psiholog
out of curiousity....anyone ever see this pattern at a low before?...
Here's a site:
http://www.tradingmarkets.com/.site/...-Top-79267.cfm

I myself don't have enough experience to say.
  • #83,623
  • Apr 6, 2009 11:50am Apr 6, 2009 11:50am
1.3326coming up..new gold update available
Imanuel Parsifal
  • #83,624
  • Apr 6, 2009 11:53am Apr 6, 2009 11:53am
Obviously my longs failed to make money!

Another case of total reversal! incredible!
All thanks to SUN + IBM deal failure that brought tech stocks down and with it other tech stocks as well.
  • #83,625
  • Apr 6, 2009 11:53am Apr 6, 2009 11:53am
Quoting TradeWell
Here's a site:
http://www.tradingmarkets.com/.site/...-Top-79267.cfm

I myself don't have enough experience to say.
thank you for that

added another tool to my ever expanding arsenal. in this particular case we did indeed break that "diamond" to the downside however no new low has been made. so either that diamond got bigger or evolved into another pattern already. now its a game of watch and learn
Different opinions highly valued, ignorant to slander.
  • #83,626
  • Apr 6, 2009 11:54am Apr 6, 2009 11:54am
Quoting ragnakore
Obviously my longs failed to make money!

Another case of total reversal! incredible!
All thanks to SUN + IBM deal failure that brought tech stocks down and with it other tech stocks as well.
you might wanna read mike mayo`s report on banks
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #83,627
  • Apr 6, 2009 11:55am Apr 6, 2009 11:55am
Quoting billye
anyone think E/U drops too much today? why $ has to be up anyway...
DOW sell off
  • #83,628
  • Apr 6, 2009 11:56am Apr 6, 2009 11:56am
Quoting djambazov84
you might wanna read mike mayo`s report on banks
where to read it?

Is he the one calling all this recent bull rally BS? ie, claiming why bullish with banks when they are big trillion dollars down?
  • #83,629
  • Apr 6, 2009 11:57am Apr 6, 2009 11:57am
Quoting psiholog
thank you for that

added another tool to my ever expanding arsenal. in this particular case we did indeed break that "diamond" to the downside however no new low has been made. so either that diamond got bigger or evolved into another pattern already. now its a game of watch and learn
you might find this interesting
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #83,630
  • Apr 6, 2009 11:58am Apr 6, 2009 11:58am
Quoting ragnakore
where to read it?

Is he the one calling all this recent bull rally BS? ie, claiming why bullish with banks when they are big trillion dollars down?
here you go

http://www.bloomberg.com/apps/news?p...n5c&refer=home
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #83,631
  • Apr 6, 2009 12:02pm Apr 6, 2009 12:02pm
Quoting djambazov84
you might find this interesting
i certainly do. The more one has exposure to elements he is looking for...the better he gets at mastering those elements. Any such examples are much appreciated and that is a very good example..thanks
Different opinions highly valued, ignorant to slander.
  • #83,632
  • Apr 6, 2009 12:07pm Apr 6, 2009 12:07pm
was short EURUSd at 1.3566, twice, last night...locked paltry gains, shoulda coulda been over 200pips without a worry. I closed being grateful for what I got, but I failed to follow my plan of setting stops, and letting winners run.

The fact is, one has to play different trades differently, and guess the most successful identify when to apply which strategy. I knew the dow was going to be down today, but higher futures last night shook me out of my shorts. no pun intended.
  • #83,633
  • Apr 6, 2009 12:08pm Apr 6, 2009 12:08pm
Quoting psiholog
i certainly do. The more one has exposure to elements he is looking for...the better he gets at mastering those elements. Any such examples are much appreciated and that is a very good example..thanks
well..the way I was taught by some extremely able and experienced traders who even post on FF...I wont mention names...is that diamonds could be reversal or continuation patterns. I think experience comes into play when it is up to you to decide which one comes into play.

http://thepatternsite.com/diamondt.html read this one it explains the basics
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #83,634
  • Apr 6, 2009 12:10pm Apr 6, 2009 12:10pm
Quoting djambazov84
well..the way I was taught by some extremely able and experienced traders who even post on FF...I wont mention names...is that diamonds could be reversal or continuation patterns. I think experience comes into play when it is up to you to decide which one comes into play.

http://thepatternsite.com/diamondt.html read this one it explains the basics
That's not a pattern. Looks random to me. lol
  • #83,635
  • Apr 6, 2009 12:14pm Apr 6, 2009 12:14pm
Quoting TIckerShuffl
That's not a pattern. Looks random to me. lol
whatever floats your boat buddy
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #83,636
  • Apr 6, 2009 12:17pm Apr 6, 2009 12:17pm
Quoting TIckerShuffl
That's not a pattern. Looks random to me. lol
I think it's random, click on H1 then it is gone... just a candle hesitating around some resistance level..
  • #83,637
  • Apr 6, 2009 12:20pm Apr 6, 2009 12:20pm
trade balance would send this lady into a record breaking acceleration..and by my analysis it aint looking so good.speculations on this could start playing out b/4 then..like wise rate cut
Imanuel Parsifal
  • #83,638
  • Apr 6, 2009 12:30pm Apr 6, 2009 12:30pm
Quoting billye
I think it's random, click on H1 then it is gone... just a candle hesitating around some resistance level..
Looks like a test of the 100sma on the hourly, coinciding with a test of the 100sma on the 4 hour...I hope it falls through. would like ot get long around 1.30-31
  • #83,639
  • Apr 6, 2009 2:28pm Apr 6, 2009 2:28pm
is that a bear flag on the 1hr?
those who can, do. those who cant, talk about those who can
  • #83,640
  • Apr 6, 2009 2:42pm Apr 6, 2009 2:42pm
Quoting gatorinla
is that a bear flag on the 1hr?
too early to say..pa has pretty much flatlined. same with the stock market although its trying to push up a bit now.

there is this great article among the links tradewell provided (thanks again) that explains the "active" times of day and why they are the way they are. (ignore the trading strategy if not interested...i havent even read it and dont intend to)
http://www.tradingmarkets.com/.site/...Mean-80779.cfm

in any case all we know now is we are in a range between 1.3415 and the current low...a 50pip range that could go either way. Not good enough to scalp..not good enough to try to understand pa. Good time to be flat if you ask me..at least until this range is broken
Different opinions highly valued, ignorant to slander.
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