The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #84,241
- Apr 8, 2009 11:09am Apr 8, 2009 11:09am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,775 Posts
- #84,242
- Apr 8, 2009 11:14am Apr 8, 2009 11:14am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #84,244
- Apr 8, 2009 11:18am Apr 8, 2009 11:18am
looks like it won't hit my target today. entered near channel breakout with 10 pip stop could have had 10:1 risk reward but got away with 8:1 yipee
morning chart, wave analysis
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- #84,246
- Apr 8, 2009 11:26am Apr 8, 2009 11:26am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
last chance for this to form into an inverted h&s. The right shoulder should not exceed 1.3235 to the downside by too much and close at or above that value on the hourly chart.
Moment of truth
Moment of truth
Different opinions highly valued, ignorant to slander.
- #84,247
- Apr 8, 2009 11:30am Apr 8, 2009 11:30am
multiple line, what you see on chart
morning chart, wave analysis
It's starting to look like a nice H&S pattern forming on your 1 hour chart.
Doh! I didn't mean to do that. 
- #84,248
- Apr 8, 2009 11:34am Apr 8, 2009 11:34am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #84,249
- Apr 8, 2009 11:37am Apr 8, 2009 11:37am
last chance for this to form into an inverted h&s. The right shoulder should not exceed 1.3235 to the downside by too much and close at or above that value on the hourly chart.
Moment of truth
Attachment
- #84,250
- Apr 8, 2009 11:41am Apr 8, 2009 11:41am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #84,251
- Apr 8, 2009 11:45am Apr 8, 2009 11:45am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
- #84,254
- Apr 8, 2009 12:02pm Apr 8, 2009 12:02pm
- | Joined Feb 2009 | Status: when dreamer meets reality | 1,397 Posts
- #84,255
- Apr 8, 2009 12:06pm Apr 8, 2009 12:06pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
last chance for this to form into an inverted h&s. The right shoulder should not exceed 1.3235 to the downside by too much and close at or above that value on the hourly chart.
Moment of truth
Attachment
Instead I am looking at the most recent downtrend that developed since the high at 1.33xx. Pa for now is contained within the channel walls and I am waiting for the upper wall to be reached...see when and where that will be in comparison to that potential inverted h&s
Different opinions highly valued, ignorant to slander.
- #84,256
- Apr 8, 2009 12:19pm Apr 8, 2009 12:19pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Pretty much 'classic" pivot action... except for the timing of the runs. That part was a little Odd and surely due to something, but I don't know what or even care. This current market is turning abnormal into normal, and there's a clue there for all of us as well, if want to stick a'rd in this Biz...
I expected the run to the DP back a'rd the start of yesterdays session with a drop to follow ((when I posted the countertrend Long trade)), and instead it Dove 120 pips down all the way to M1 for cryin out loud, then it gets a Wild Hair and races 150 pips back up for the DP only to collapse 80 pips back to ar'd the 1h 21sma and xx20 pysch level/QP convergence for that zone. Got the primary targets right, but the order was BassAckwards.
For reference... http://www.forexfactory.com/showpost...ostcount=83946
The current and subsequent drop from the DP in what is essentially a reasonably strong Down Trend right now was almost a given, but the strength of it was out of the typical PA realm as well.
My long this morning from 3230 made some pips before the trailer took it out, but I'm going to keep watching for the most part while this thing sorts itself out...
Curious and curiouser...
I expected the run to the DP back a'rd the start of yesterdays session with a drop to follow ((when I posted the countertrend Long trade)), and instead it Dove 120 pips down all the way to M1 for cryin out loud, then it gets a Wild Hair and races 150 pips back up for the DP only to collapse 80 pips back to ar'd the 1h 21sma and xx20 pysch level/QP convergence for that zone. Got the primary targets right, but the order was BassAckwards.
For reference... http://www.forexfactory.com/showpost...ostcount=83946
The current and subsequent drop from the DP in what is essentially a reasonably strong Down Trend right now was almost a given, but the strength of it was out of the typical PA realm as well.
My long this morning from 3230 made some pips before the trailer took it out, but I'm going to keep watching for the most part while this thing sorts itself out...
Curious and curiouser...
FUBAR...
- #84,257
- Apr 8, 2009 12:21pm Apr 8, 2009 12:21pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #84,258
- Apr 8, 2009 12:26pm Apr 8, 2009 12:26pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #84,259
- Apr 8, 2009 12:34pm Apr 8, 2009 12:34pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
This current market is turning abnormal into normal, and there's a clue there for all of us as well, if want to stick a'rd in this Biz...
it feels like some holiday where some big players forgot to show up to the game and the few players that are here are pushing pa around as they wish..up and down at any time with low volume. Its felt like this for a few weeks now (starting the week after feds bought us treasuries) but especially since the G-20 meeting.
This affects my #1 indicator..my gut feeling which helps develop my bias...even though pa does seem one directional when it gets moving and trading should be "easy". So yeah...emphasis on the "if you want to stick around in this Biz" part
Different opinions highly valued, ignorant to slander.