lets castrate that son of a bitch!........had em before, want em again.....well at least my account does
- #311,941
- Oct 21, 2010 8:07pm Oct 21, 2010 8:07pm
- Joined Jan 2010 | Status: Trader | 11,001 Posts
- #311,944
- Oct 21, 2010 8:14pm Oct 21, 2010 8:14pm
lets castrate that son of a bitch!........had em before, want em again.....well at least my account does
id have to imagine that 3800 stops are easier to take out than 4000
Perhaps they are just there for display....
Such beasts, us humans.
- #311,945
- Oct 21, 2010 8:15pm Oct 21, 2010 8:15pm
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
- #311,947
- Oct 21, 2010 8:17pm Oct 21, 2010 8:17pm
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
lets castrate that son of a bitch!........had em before, want em again.....well at least my account does
id have to imagine that 3800 stops are easier to take out than 4000
- #311,948
- Oct 21, 2010 8:18pm Oct 21, 2010 8:18pm
- Joined Jan 2010 | Status: Trader | 11,001 Posts
ALL SIGNS ARE POINTING TO MAJOR FALL. ALL MAJOR CURRENCIES, EUR/USD , GBP/USD, NZD/USD, AUD/USD are setting up for the big fall. I see a major correction retrace so the smart money can buy again in the uptrend. I see eur/usd dropping to 1.3400 to 1.3200 region, which is the 50% to 61.8% fibbonnacci number and also the 8/6/10 high (support).....
- #311,951
- Oct 21, 2010 8:29pm Oct 21, 2010 8:29pm
I don't know if this is already posted but I see an inverse head and shoulder pattern on eur/usd... Anyone agree.
Actually there are two Head & Shoulders patterns, the big one is the reversed H&S, the second one is normal H&S
Which one should be considered?
Errrrr , I don’t know
- #311,952
- Oct 21, 2010 8:35pm Oct 21, 2010 8:35pm
- Joined May 2009 | Status: Trader | 2,162 Posts
It is but thats the best part about it...If it gets stopped out I will just go over a new setup to trade...But I think we should be good...
- #311,953
- Oct 21, 2010 8:40pm Oct 21, 2010 8:40pm
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
- #311,954
- Oct 21, 2010 8:43pm Oct 21, 2010 8:43pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- #311,956
- Oct 21, 2010 9:04pm Oct 21, 2010 9:04pm
- Joined Oct 2008 | Status: sideline is a position | 105,128 Posts
It's all about 3871 at the moment. Baby bull is currently pinned in a nice, happy place for bears. Let's just hope he gets used for veal, instead of allowed to grow up....
those who can, do. those who cant, talk about those who can
- #311,957
- Oct 21, 2010 9:07pm Oct 21, 2010 9:07pm
- Joined Oct 2008 | Status: sideline is a position | 105,128 Posts
lets castrate that son of a bitch!........had em before, want em again.....well at least my account does
id have to imagine that 3800 stops are easier to take out than 4000
Inserted Video
those who can, do. those who cant, talk about those who can
- #311,958
- Oct 21, 2010 9:22pm Oct 21, 2010 9:22pm
That's right
Actually there are two Head & Shoulders patterns, the big one is the reversed H&S, the second one is normal H&S
Which one should be considered?
Errrrr , I don’t know
The inverted H&S pattern is more fully formed than the normal. The inverted has the second shoulder half way formed where the normal has just finished the head. In order for either to form their respective patterns we need a run up in price in the next 12 hours or so. If price runs all the way through the 1.41 area then we have a break of the inverted neckline. If price runs up to the 1.395-1.4 area then back down through the 1.39-1.395 area then the smaller pattern is in play. The specific area of the neckline break depends on time, as the necklines are both sloped.
A measured move off the inverted H&S pattern would take us to the 1.435-1.44 area. A measured move off the smaller pattern would take us to the 1.3725-1.3775 area.
Thoughts?
