It's been good so far bro.... I know you been killing it yourself....
Just digging in the trenches like everyone else!
Trade what you see NOT what you expect
- #6,581
- Apr 8, 2009 9:06am Apr 8, 2009 9:06am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
- #6,582
- Apr 8, 2009 9:07am Apr 8, 2009 9:07am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #6,583
- Apr 8, 2009 9:10am Apr 8, 2009 9:10am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #6,584
- Apr 8, 2009 9:12am Apr 8, 2009 9:12am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #6,586
- Apr 8, 2009 9:14am Apr 8, 2009 9:14am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #6,587
- Apr 8, 2009 9:21am Apr 8, 2009 9:21am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
If h4 closes just as it looks right now, we may see Micho's target..
Patience + Discipline - Greed = Success
This is what I anticipated and was looking for...
http://www.forexfactory.com/attachme...1&d=1239158715
I took some profit at 4740 and still in and covered...
This is what happened.......
Thanks Infinity
- #6,589
- Apr 8, 2009 9:23am Apr 8, 2009 9:23am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success
- #6,592
- Apr 8, 2009 9:27am Apr 8, 2009 9:27am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Well....i definitely saw this chart last night when you posted..but I still cannot visualize the shampoo....i guess it's some messed up monster-looking shampoo......
Thanks Infinity
Patience + Discipline - Greed = Success
- #6,593
- Apr 8, 2009 9:31am Apr 8, 2009 9:31am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #6,594
- Apr 8, 2009 9:32am Apr 8, 2009 9:32am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Thanks Infinity.. I used to think shampoos were like double tops and bottoms and that the shoulders had to be close to eachother price wise. Not so. They just need to be lower than the head a rejection of the heads extreme. In this case lower. We continue to learn and all will be good. 
http://www.chartpatterns.com/images/wbghas~1.gif
http://www.chartpatterns.com/images/head2t~1.gif
The head and shoulders pattern is generally regarded as a reversal pattern and it is most often seen in uptrends. It is also most reliable when found in an uptrend as well. Eventually, the market begins to slow down and the forces of supply and demand are generally considered in balance. Sellers come in at the highs (left shoulder) and the downside is probed (beginning neckline.) Buyers soon return to the market and ultimately push through to new highs (head.) However, the new highs are quickly turned back and the downside is tested again (continuing neckline.) Tentative buying re-emerges and the market rallies once more, but fails to take out the previous high. (This last top is considered the right shoulder.) Buying dries up and the market tests the downside yet again. Your trendline for this pattern should be drawn from the beginning neckline to the continuing neckline. (Volume has a greater importance in the head and shoulders pattern in comparison to other patterns. Volume generally follows the price higher on the left shoulder. However, the head is formed on diminished volume indicating the buyers aren't as aggressive as they once were. And on the last rallying attempt-the left shoulder-volume is even lighter than on the head, signaling that the buyers may have exhausted themselves.) New selling comes in and previous buyers get out. The pattern is complete when the market breaks the neckline. (Volume should increase on the breakout.) (Chart examples of head and shoulders patterns using commodity charts.) (Stock charts.)
http://www.chartpatterns.com/images/wbghas~1.gif
http://www.chartpatterns.com/images/head2t~1.gif
The head and shoulders pattern is generally regarded as a reversal pattern and it is most often seen in uptrends. It is also most reliable when found in an uptrend as well. Eventually, the market begins to slow down and the forces of supply and demand are generally considered in balance. Sellers come in at the highs (left shoulder) and the downside is probed (beginning neckline.) Buyers soon return to the market and ultimately push through to new highs (head.) However, the new highs are quickly turned back and the downside is tested again (continuing neckline.) Tentative buying re-emerges and the market rallies once more, but fails to take out the previous high. (This last top is considered the right shoulder.) Buying dries up and the market tests the downside yet again. Your trendline for this pattern should be drawn from the beginning neckline to the continuing neckline. (Volume has a greater importance in the head and shoulders pattern in comparison to other patterns. Volume generally follows the price higher on the left shoulder. However, the head is formed on diminished volume indicating the buyers aren't as aggressive as they once were. And on the last rallying attempt-the left shoulder-volume is even lighter than on the head, signaling that the buyers may have exhausted themselves.) New selling comes in and previous buyers get out. The pattern is complete when the market breaks the neckline. (Volume should increase on the breakout.) (Chart examples of head and shoulders patterns using commodity charts.) (Stock charts.)
http://www.chartpatterns.com/images/trspth~1.gif The head and shoulders pattern can sometimes be inverted. The inverted head and shoulders is typically seen in downtrends. (What's noteworthy about the inverted head and shoulders is the volume aspect. The inverted left shoulder should be accompanied by an increase in volume. The inverted head should be made on lighter volume. The rally from the head however, should show greater volume than the rally from the left shoulder. Ultimately, the inverted right shoulder should register the lightest volume of all. When the market then rallies through the neckline, a big increase in volume should be seen.) (Chart examples of inverted head and shoulders patterns using commodity charts.) (Stock charts.)
Good Trading To All ; Ken Lee
- #6,596
- Apr 8, 2009 9:36am Apr 8, 2009 9:36am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Thanks Infinity.. I used to think shampoos were like double tops and bottoms and that the shoulders had to be close to eachother price wise. Not so. They just need to be lower than the head a rejection of the heads extreme. In this case lower. We continue to learn and all will be good.
Just digging in the trenches like everyone else!
- #6,597
- Apr 8, 2009 9:37am Apr 8, 2009 9:37am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #6,600
- Apr 8, 2009 9:48am Apr 8, 2009 9:48am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Thanks Infinity.. I used to think shampoos were like double tops and bottoms and that the shoulders had to be close to eachother price wise. Not so. They just need to be lower than the head a rejection of the heads extreme. In this case lower. We continue to learn and all will be good.
Patience + Discipline - Greed = Success