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  • #109,901
  • Jun 12, 2009 3:11pm Jun 12, 2009 3:11pm
Quoting toshi
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...
OMG!!! Looking at your chart I saw the land of yoopoo's. It's like three of them showing up. Big one not finished yet and two of them smaller.
  • #109,902
  • Jun 12, 2009 3:14pm Jun 12, 2009 3:14pm
Quoting toshi
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...
if i had a choice id rather the one on the day chart. im not greedy.. i dont even need a shoulder... one armed man would be fine.. i want armed robbery charges..
those who can, do. those who cant, talk about those who can
  • #109,903
  • Jun 12, 2009 3:15pm Jun 12, 2009 3:15pm
Quoting toshi
Okay, so great people. It's Friday and the weekend is here. So, do we have H&S in place yet ?...

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.
3 excellent points and the hns, shampoo, yoopoo, or whatever you wanna call 'em technicals/wrecknicals were Most Needed a'rd here... Noobs... that's a good post to bookmark until you can recite the meat of it from memory.

To be honest tho... my most favorite part of the whole post was the first 4 words. Ain't that the truth...
FUBAR...
  • #109,904
  • Jun 12, 2009 3:16pm Jun 12, 2009 3:16pm
Quoting knuckledrag
Once again.

Have a good weekend.
met any friendly goats lately?
those who can, do. those who cant, talk about those who can
  • #109,905
  • Jun 12, 2009 3:20pm Jun 12, 2009 3:20pm
lets call the one arm one the one armed bandit.. or slot machine for short... its gonna take somebodys money..
those who can, do. those who cant, talk about those who can
  • #109,906
  • Jun 12, 2009 3:24pm Jun 12, 2009 3:24pm
Quoting gatorinla
met any friendly goats lately?

No but I got my little yellow pills Raping and pillaging starts next week

I'm really looking for some good food when I get there, If a little R&P happens its just as a side note.
  • #109,907
  • Jun 12, 2009 3:25pm Jun 12, 2009 3:25pm
Quoting TheFisherman
OMG!!! Looking at your chart I saw the land of yoopoo's. It's like three of them showing up. Big one not finished yet and two of them smaller.
Yep. there's a small one with about 1% top/bottom range ~140pips, a break of which would target 13800,
which happens to be the neckline of the bigger one, so it's all good.
The only thing is now is it's the weekend. We'll have to tune in next week to see how it all plays out.
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  • #109,908
  • Jun 12, 2009 3:25pm Jun 12, 2009 3:25pm
Quoting gatorinla
hey im not a lurk...

hey what is a lurk?

oh well back to the village. could you point the direction im lost..
I don't know what it is, i am not american, WTF gatorinla, you are a lurk anyway. (this is supposed to be a joke).

Direction is unknown, me do not know and me do not care unless i see it first, but i think some correction is needed in the market in general, and those who thinks to replace usd with chinese-russian money are in delirium.
  • #109,909
  • Jun 12, 2009 3:27pm Jun 12, 2009 3:27pm
Allright. Being friday after market close and me being well into my 4th beer I'm gonna make up a story about the 3 yoopoos. I'm gonna revive an older character: Ahmet the turkish trader that the legend says few weeks ago placed a 10 mln order by mistake at the same point and scared the shait off the market for a few minutes. The story has a second character: Ahmet's boss who's name we don't know because it's a secret:

Ahmet's boss: "A'right Ahmet, I'm pi$$ed off for this stupid yoorow. Up, up, always up. I want it down!"

Ahmet: "Sure boss... easy busy. Just make a signpost for all the market to understand. Hmm.....I think a yoopoo would just do fine".

*two days later*

Ahmet's boss: "Ahmet you dog full of fleas. You losing our money! Your stupid yoopoo did not help. Yoorow is still up!"

Ahmet: "No worries bossie. Me fix this problem in a gippy. I make another yoopoo, and THIS time the market will understand for sure the way is down."

*two days later*

Ahmet's boss: "Aaaaahhhmeeeet!!! The market still not down. You gonna be fired soon you son of the....:

Ahmet: "No worry bossie tossie. I make much bigger yoopoo and this time I name it H&S maybe now everybody understand."
  • #109,910
  • Jun 12, 2009 3:27pm Jun 12, 2009 3:27pm
Quoting arthurb
I don't know what it is, i am not american, WTF gatorinla, you are a lurk anyway. (this is supposed to be a joke).

Direction is unknown, me do not know and me do not care unless i see it first, but i think some correction is needed in the market in general, and those who thinks to replace usd with chinese-russian money are in delirium.
so was my responce... *L*
those who can, do. those who cant, talk about those who can
  • #109,911
  • Edited 3:31pm Jun 12, 2009 3:28pm | Edited 3:31pm
This is my last active post. I joined this forum assuming that there was only 5% more to learn. It was wrong thinking. This forum taught 99%.

It is now time to focus more on trading than posting on forums.

Thanks to all of you. It would have been impossible to achieve my trading objectives without your help and support.

This is a great thread. I love you all.
The Thief of Wall Street
  • #109,912
  • Jun 12, 2009 3:29pm Jun 12, 2009 3:29pm
Quoting toshi
Yep. there's a small one with about 1% top/bottom range ~140pips, a break of which would target 13800,
which happens to be the neckline of the bigger one, so it's all good.
The only thing is now is it's the weekend. We'll have to tune in next week to see how it all plays out.
OW..ow..I didn't see that one. I was aiming at these:
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  • #109,913
  • Jun 12, 2009 3:31pm Jun 12, 2009 3:31pm
Quoting Chicky
This is my last active post. I joined this forum assuning that there was only 5% more to learn. It was wrong thinking. This forum taught 99%.

It is now time to focus more on trading than posting on forums.

Thanks to all of you. It would have been impossible to achieve my trading objectives without your help and support.

I love you all.
Oh come on man....don't make it soapy! Just stay, we all love you too.
  • #109,914
  • Jun 12, 2009 3:34pm Jun 12, 2009 3:34pm
Quoting knuckledrag
No but I got my little yellow pills Raping and pillaging starts next week

I'm really looking for some good food when I get there, If a little R&P happens its just as a side note.
mud bugs shells are starting to get hard.. but you still should be able to suck the head and pinch some tails. if your in your land cruiser bring a few ice chest...so you can bring back some shrimp ect. if you fish bring a pole..great fishing there. if your on a bird your phu ced
those who can, do. those who cant, talk about those who can
  • #109,915
  • Jun 12, 2009 3:38pm Jun 12, 2009 3:38pm
Quoting Chicky
This is my last active post. I joined this forum assuming that there was only 5% more to learn. It was wrong thinking. This forum taught 99%.

It is now time to focus more on trading than posting on forums.

Thanks to all of you. It would have been impossible to achieve my trading objectives without your help and support.

This is a great thread. I love you all.
good move if you posting your not trading.. i guess that why jw and myself have a lot of free post time.. im gonna start scalping more.. i did a little today with small positions.. made .5% on 2 trades.. the longer ones are doing what thay do.. boring..
those who can, do. those who cant, talk about those who can
  • #109,916
  • Jun 12, 2009 3:38pm Jun 12, 2009 3:38pm
Quoting Chicky
This is my last active post. I joined this forum assuming that there was only 5% more to learn. It was wrong thinking. This forum taught 99%.

It is now time to focus more on trading than posting on forums.

Thanks to all of you. It would have been impossible to achieve my trading objectives without your help and support.

This is a great thread. I love you all.
Good luck!!! Come back when you have it all figured out and help a noob
  • #109,917
  • Jun 12, 2009 3:41pm Jun 12, 2009 3:41pm
Quoting Chicky
This is my last active post. I joined this forum assuming that there was only 5% more to learn. It was wrong thinking. This forum taught 99%.

It is now time to focus more on trading than posting on forums.

Thanks to all of you. It would have been impossible to achieve my trading objectives without your help and support.

This is a great thread. I love you all.
Take Care Chicky! Good pippin to you!
  • #109,918
  • Jun 12, 2009 3:43pm Jun 12, 2009 3:43pm
as long as nothing crazy happens. war/ pipeline bombing/ or the crazies dont take their med im short.. and selling peaks.. sl less then 400 pips.. will evaluate over weekend and adjust sunday night.

have a good weekend
those who can, do. those who cant, talk about those who can
  • #109,919
  • Jun 12, 2009 3:46pm Jun 12, 2009 3:46pm
Quoting gatorinla
as long as nothing crazy happens. war/ pipeline bombing/ or the crazies take their med im short.. and selling peaks.. sl less then 400 pips.. will evaluate over weekend and adjust sunday night.

have a good weekend
Later Gator!
  • #109,920
  • Jun 12, 2009 3:47pm Jun 12, 2009 3:47pm
Quoting Chicky
This is my last active post. I joined this forum assuming that there was only 5% more to learn. It was wrong thinking. This forum taught 99%.

It is now time to focus more on trading than posting on forums.

Thanks to all of you. It would have been impossible to achieve my trading objectives without your help and support.

This is a great thread. I love you all.
can believe your leaving ... what about the kids???
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those who can, do. those who cant, talk about those who can
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