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  • #341,481
  • Dec 7, 2010 7:49pm Dec 7, 2010 7:49pm
Quoting wormboy
If you're trading before the neckline break that'll mean you're just buying/selling off the supp/res level in anticipation that the pattern might form.
It's just like people trying to sell the double top which is still not tradeable on the current H4. The H4 double top is only valid at the neckline break.

There shouldn't be any anticipation in pattern trading imo, only confirmation.

Good luck.
I dont think I said I was anticipating anything.lol
For clarity, I was buying off the right shoulder that formed a hs pattern. The left shoulder was formed, the head was formed, price came to support and formed a base(aka right shoulder in this case) on an h4 pullback (dip) from the last bull run.
  • #341,482
  • Dec 7, 2010 7:52pm Dec 7, 2010 7:52pm
if we break support great. if not i will look for a higher entry. depending on pa. for another long term trade.
those who can, do. those who cant, talk about those who can
  • #341,483
  • Dec 7, 2010 7:54pm Dec 7, 2010 7:54pm
FX News: Reportedly artillery shells fall near Baengnyeong Island, South Korea - Korean press
  • #341,484
  • Dec 7, 2010 7:54pm Dec 7, 2010 7:54pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
We're going to 1.3400 by days end tomorrow.
  • #341,485
  • Dec 7, 2010 7:55pm Dec 7, 2010 7:55pm
Quoting wormboy
If you're trading before the neckline break that'll mean you're just buying/selling off the supp/res level in anticipation that the pattern might form.
It's just like people trying to sell the double top which is still not tradeable on the current H4. The H4 double top is only valid at the neckline break.

There shouldn't be any anticipation in pattern trading imo, only confirmation.

Good luck.
Hi worm, What you think of my chart bro. Correct it if it is wrong you think
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #341,486
  • Dec 7, 2010 7:56pm Dec 7, 2010 7:56pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting sumi
FX News: Reportedly artillery shells fall near Baengnyeong Island, South Korea - Korean press
The only place reporting this so far is a Forex site.
  • #341,487
  • Dec 7, 2010 7:56pm Dec 7, 2010 7:56pm
Quoting apt
We're going to 1.3400 by days end tomorrow.
Agreed.
  • #341,488
  • Dec 7, 2010 7:57pm Dec 7, 2010 7:57pm
Quoting apt
The only place reporting this so far is a Forex site.
My broker has broadcasted it. Have not seen it elsewhere yet.
  • #341,489
  • Dec 7, 2010 7:58pm Dec 7, 2010 7:58pm
closed scalp off the wedge.. looking for higher one. at 3289.5 if its formed correctly
those who can, do. those who cant, talk about those who can
  • #341,490
  • Dec 7, 2010 7:58pm Dec 7, 2010 7:58pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting sumi
My broker has broadcasted it. Have not seen it elsewhere yet.
Google News and Realtime is a godsend when it comes to Forex, and all the Twitters' are Forex based.
  • #341,491
  • Dec 7, 2010 7:59pm Dec 7, 2010 7:59pm
We are just stuck in this little range right now on the m5. Close above and longs doing ok, close below and it will be my exit signal.
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  • #341,492
  • Dec 7, 2010 8:03pm Dec 7, 2010 8:03pm
Quoting sumi
My broker has broadcasted it. Have not seen it elsewhere yet.
does this strenghten usd?
  • #341,493
  • Dec 7, 2010 8:04pm Dec 7, 2010 8:04pm
Quoting johnnyrei
does this strenghten usd?
If it's not a false alarm, it should. We still might wait for some confirmation, though.
  • #341,494
  • Dec 7, 2010 8:06pm Dec 7, 2010 8:06pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
From Reuters: FLASH - North Korea believed to have fired one artillery round in its west coast waters - South Korea's YTN reports. South Korea stocks turn negative, won extends fall on artillery fire report. And from BNO: N. Korea fires military round in west coast waters apparently as part of a drill - Yonhap via Reuters.

And from Yonhap:

SEOUL, Dec. 8 (Yonhap) -- A South Korean military official said sounds of distant artillery fire were heard on Wednesday from within North Korea near the tense Yellow Sea border.

No shells have landed south of the border or on Yeonpyeong Island, the site of last month's bombardment by the North, the official at the South's Joint Chiefs of Staff (JCS) said on condition of anonymity.

"We assumed North Korea was carrying out its regular firing exercises," the official said.


This is the closest thing to a legit report I could find.

This is nothing, and won't affect EUR/USD unless the situation involves a direct act of agression. This is not.

The U.S. is aware NK is participating in its own practices this week as well.
  • #341,495
  • Dec 7, 2010 8:08pm Dec 7, 2010 8:08pm
BreakingsNews: N. Korea fires military round in west coast waters apparently as part of a drill. - Yonhap via Reuters
  • #341,496
  • Dec 7, 2010 8:09pm Dec 7, 2010 8:09pm
Quoting apt
From Reuters: FLASH - North Korea believed to have fired one artillery round in its west coast waters - South Korea's YTN reports. South Korea stocks turn negative, won extends fall on artillery fire report. And from BNO: N. Korea fires military round in west coast waters apparently as part of a drill - Yonhap via Reuters.

And from Yonhap:

SEOUL, Dec. 8 (Yonhap) -- A South Korean military official said sounds of distant artillery fire were heard on Wednesday from within North Korea near the tense Yellow Sea border.

No shells have landed...
Thanks for info - cool - 1,34 then
  • #341,497
  • Dec 7, 2010 8:09pm Dec 7, 2010 8:09pm
I am giving it a shot right there.
The only thing that can't work is because its Asian session.

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COT: The precious data ignored
  • #341,498
  • Dec 7, 2010 8:10pm Dec 7, 2010 8:10pm
I suggest the NK to fire bombs on the euro
  • #341,499
  • Dec 7, 2010 8:11pm Dec 7, 2010 8:11pm
Quoting apt
From Reuters: FLASH - North Korea believed to have fired one artillery round in its west coast waters - South Korea's YTN reports. South Korea stocks turn negative, won extends fall on artillery fire report. And from BNO: N. Korea fires military round in west coast waters apparently as part of a drill - Yonhap via Reuters.

And from Yonhap:

SEOUL, Dec. 8 (Yonhap) -- A South Korean military official said sounds of distant artillery fire were heard on Wednesday from within North Korea near the tense Yellow Sea border.

No shells have landed south...
Thanks, apt. Seems there's nothing to worry, yet.
  • #341,500
  • Dec 7, 2010 8:12pm Dec 7, 2010 8:12pm
Singapore Dollar/stocks Falls Vs US Dollar After North Korea Shelling Report
those who can, do. those who cant, talk about those who can
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