EURUSD

Right on t time! as i had predicted

Am I on everybody's ignore list? ...

Good call. I have been trying to watch for those latter day Fridays.

Fisherman, not a good idea to put trades at this time of the day. Wait for Sunday. There will be a retracement and then you can add depending on the weekely candle.

Care to elaborate how you knew?

Scroll up and read what FOOL wrote

Was trying to make a semi-joke. Thanks for the advice anyway Good. I stayed out but on my own thinking. Don't drink and trade I always say.

http://www.bloomberg.com/apps/news?p...d=atucH58_sh8s. This is what is possibly causing this tiny rally towards the end of the day

As soon as the news was put on the front screen of Bloomberg it was taken out. What a bunch of bs. These f^%*( people should be shot.

Hi Vinesh,

I copy and pasted it in a doc. should I share it here?

Not sure what u talkign about

About the news....the summit which Brazil, China and Russia will take part.
Isn´t what you were talking about?

the link you posted.

The link: http://www.bloomberg.com/apps/news?p...d=atucH58_sh8s

It still work it was just taken out from the main page right after he posted it. That's all he was just saying. No need for the doc

I will assume that you're primarily referring to me and possibly some others, but I'll answer for myself, and use a few smilies.

But first I have a Question for you... if you didn"t "get it" in "2 pages of elaborate charts" (and analysis) that went with them... how is saying anything else going to improve your Understanding or lack thereof? I mean if you didn't get it after "2 elaborate pages"...

The short version is that BB to most of us means Bollinger Bands, and to you it means Black Box. No worries, diversity is interesting. Most of the time.

And I'm not slamming "black boxes", there's at least one Trader here that insists that's about the only kind of trading he does now, and I count him on my shortest list of people I look for and listen to their thoughts, however casual they may sound. Unfortunately for all of us, he doesn't stop by much any more.

My posting history here is very clear, and of course you're both free and expected to make of it what you will... as is everybody else. I try to see both sides of a move when possible and sometimes make my case for the one I see as most likely in the conditions as they stand at Post time. If someone finds any of it helpful , then mission accomplished and I've been able to (as someone else here puts it) "pay it forward" a bit for those who have helped me along the way.

You really seem to have some sort of Weird Issues going on here. There's a fair amount of analysis on this thread at any given time that I may vehemently disagree with, but I can still have the utmost Respect for the person posting and their overall trading instincts and skills, and whether the Thing was right or wrong, I respect that they had an Opinion they were able and willing to lay on the Table here for all to Dissect and Pick thru.

Sometimes they make their case in such a way it causes me to rethink mine (and I'll say so), but usually not. I would assume that the reverse of that happens as well from time to time. Either way, I (usually) enjoy the dialogue and diversity of ways in which we all try to realize our goals... and that in any given period of intraday trading, under the proper conditions we may possibly ALL be right even tho were right at different times. In other words at the end of the day everyone got their TP's hit altho my drawdown may have been someone elses TP, and vice versa.

In that case who was Right and who was Wrong? Like I said, you seem to have real issues here but that's really all Your bizness and None of mine... just the way I like it.

I and many others have been here long enough to see some folks who couldn't chart or post their way out of a wet paper bag (like myself) one day find that "their nickel" dropped and from that point on they made enviable Progress and some have gone on to be reliable posters making great contributions. I admire every one of them for what they represent and can usually only guess at the sacrifice of Blood, Sweat and Tears they paid to get there. Many of us here across multiple threads enjoy that sort of thing however perverse you may find it, altho sadly, there's fewer than used to be.

What is Important here is that at the end of the day, the Big Difference between Me and Thee and most of the Rest of us here, including the Clueless Noobs taking their first steps as did we all on their way to Make or Break Land is very simple...

You have a "Black Box that Rules your Castle" and we all stand or fall on the fruits of our Labors and Wits and how well we manage our Human Condition at every Step and Turn... That's like comparing apples and Volkswagens.

You have the Mother of All Bad Days and you get to kick the dog or The Black Box but we have to look in the mirror after we get thru throwing up. You and your Black Box been there yet?

Therefore I have to ask... besides snapping, snarling, and barking at everything that moves, what are You doing here??

Ak4x, your analysis are very much appreciated,
Please don't reply to any idiot that lurks in the thread, if you can, of course.

Keep it up mate.
Arthur

great post ak...someday i'll figure out how to copy and paste from trade computers to this one ...in the meantime i'll just enjoy the commoradary...have a great weekend everybody GD

Okay, so great people. It's Friday and the weekend is here. So, do we have H&S in place yet ?

NO.

It's not ready yet. Most of the components needed in a classic Head/Shoulders pattern are present,
(left shoulder, 1st neckline touch, nice distribution top for a head, 2nd neckline touch, right shoulder: maybe still working)

But, we are missing the last two and most important components of the pattern:

1) a decisive break of the neckline. I'd like to see a good 50 to 100 pips break w/ volume.

and

2) a retest of the broken trendline/neckline and failure at that level w/ follow thru to the downside.

2nd condition doesn't always happen, but it when it does, it can get pretty good.

So this is what I want to see. I don't see all that yet. When it prints (and it should do so within the next day or so)
the bottom should fall out. Without those missing pieces, the pattern isn't there yet and we can't call it as such.

Also note, last week's top and NFP sell-off was a H&S with breaks and retests and met it's measured objective at the 138.
It did take until lunchtime Monday GMT to finish. This pattern would contain more pips so it could/should take a little more time.

Fundamentals or technicals or spectacles or testicles or whatever you use, when the market starts moving, it's hard to ignore it.

Good luck folks and use stops, or trade 'em the size needed to stay cool.

Once again.

Have a good weekend.

I'm guessing his ATM machine chewed up his dollar bills and spat out a Forex IOU. At least in his mind.

BB = "Black Box" - if this was his definition then he definately deserved the IOU.

hey im not a lurk...

hey what is a lurk?

oh well back to the village. could you point the direction im lost..