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  • #355,241
  • Dec 30, 2010 9:28pm Dec 30, 2010 9:28pm
Quoting Pair-me-up
Quick question(s) for all of you are have successfully memorized the main chart patterns that repeat themselves in the market.


For the head and shoulders pattern.... does the neck line have to be at the same level or can right side of the neck be lower? Why?

Does it matter which shoulder is higher or lower? Why?


thanks~!
You seem confused already...I can appreciate that. Remembering all this stuff can be crazy.

I struggled threw this like yourself and like Piters says, if your looking for an exact science, you will never see these....

I prefer to think of these plays as a term I call Sherpa.

Sherpa buys, sherpa sells...

Check link to see if you understand this a little easier.
http://www.forexfactory.com/showpost...&postcount=470
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #355,242
  • Dec 30, 2010 9:32pm Dec 30, 2010 9:32pm
Quoting MindfulOne
M15, M30, & H1 are all on a short term trend up. I'm jumping in for what may be a scalp or something longer. In at 1.3300, SL 1.3276, and TP of 1.3370.
Closed at a 9 pip loss. It wasn't a great ending trade however I'm profitable for 2010 and looking forward to 2011.

Thanks to those who contribute in a positive way to this thread, help others, and treat people with respect. Have a blessed, happy and healthy new year.
Don't Panic. Stay With You're Group.
  • #355,243
  • Dec 30, 2010 9:33pm Dec 30, 2010 9:33pm
Quoting Rednose
..As Cloggie says: Envy is such an ugly felling... Germany-10 celsius
Im so jealous ...
  • #355,244
  • Dec 30, 2010 9:33pm Dec 30, 2010 9:33pm
Thanks for all the great replies.. reading the stuff now.. Sherpa, Financial shampoo to get rid of flaky moves on my charts, ect.
Luck has no place in trading. Leave that for the poker table.
  • #355,245
  • Dec 30, 2010 9:40pm Dec 30, 2010 9:40pm
btw ..my be +9 got hit.. but i have a new short at 3300... sl is less the 20 atm.. off 1 h engulf
those who can, do. those who cant, talk about those who can
  • #355,246
  • Dec 30, 2010 9:42pm Dec 30, 2010 9:42pm
Quoting gatorinla
btw ..my be +9 got hit.. but i have a new short at 3300... sl is less the 20 atm
sl 1.3331
The Thief of Wall Street
  • #355,247
  • Dec 30, 2010 10:08pm Dec 30, 2010 10:08pm
This three hour candle will decide my ultimate direction.

ps. if it's big enough to announce something
The Thief of Wall Street
  • #355,248
  • Dec 30, 2010 10:13pm Dec 30, 2010 10:13pm
my friend says pa might go dawn till 1.32500
any confirmation on that?
- May Buddha bless you.
  • #355,249
  • Dec 30, 2010 10:18pm Dec 30, 2010 10:18pm
Quoting Chicky
I don't know who you are talking about. But many times people who make calls (including myself) are found burning in the seventh level of hell.
if the next hour closes below 85 i will feel better. the lower the better.
those who can, do. those who cant, talk about those who can
  • #355,250
  • Dec 30, 2010 10:18pm Dec 30, 2010 10:18pm
Quoting bodisatva
my friend says pa might go dawn till 1.32500
any confirmation on that?
Ask the Creator, he may have the answer. I do this.
The Thief of Wall Street
  • #355,251
  • Dec 30, 2010 10:22pm Dec 30, 2010 10:22pm
Quoting gatorinla
if the next hour closes below 85 i will feel better. the lower the better.
Same here. After that I am either short or in bed.

ps. or both
The Thief of Wall Street
  • #355,252
  • Dec 30, 2010 10:24pm Dec 30, 2010 10:24pm
Quoting Chicky
Ask the Creator, he may have the answer. I do this.
so according to you no indi useful to make any probable prediction
what does your creator say?
- May Buddha bless you.
  • #355,253
  • Dec 30, 2010 10:27pm Dec 30, 2010 10:27pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Back from the streets, we're still where we were, with a few pushes to the top and bottom.

H1 channel is still holding strong, on H4 it's evident that the two lines of support + the psychological level are going to need some good old London London work to be done on 'em.

Targets haven't hit yet, time guesstimate was off. We are still in Bull mode for sure, and I'm confident we'll get there, Bulls don't despair.

H1

http://i56.tinypic.com/30ndf0z.png


http://i55.tinypic.com/smackg.png

Going to bed, drank too much. Setting an alarm for sometime between Frankfurt & London open, we'll see if I get up.

GL all.
  • #355,254
  • Dec 30, 2010 10:28pm Dec 30, 2010 10:28pm
Nice development so far , got 1 bull failure only , may be 2 or more failure /3 or more rejection may success the failure or over 4th may success the penetration breaking it.short & only short at & above on the way.a simple retracement of an impulse already started,at 61% fibs and still in the previous great consolidation area.whispering to me only.

lets see .tracing pa.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #355,255
  • Dec 30, 2010 10:32pm Dec 30, 2010 10:32pm
Quoting bodisatva
so according to you no indi useful to make any probable prediction
what does your creator say?
He says don't tell no one what he tells me.
But he also says financial crisis are not easy to mend.
But he also says MM is the key
But he adds also that why do you worry when total bet doesn't exceed 1%
He keeps on saying for thousands of years, but who listens?
The Thief of Wall Street
  • #355,256
  • Dec 30, 2010 10:33pm Dec 30, 2010 10:33pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
PS, as the time progress, so do the channels resistance, TP move from 1.3370 to 1.3390, and that is conservative.



cya in a few.
  • #355,257
  • Dec 30, 2010 10:34pm Dec 30, 2010 10:34pm
on m5 pa is flat
where it will shoot? I just w8
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- May Buddha bless you.
  • #355,258
  • Dec 30, 2010 10:34pm Dec 30, 2010 10:34pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Chicky
He says don't tell no one what he tells me.
But he also says financial crisis are not easy to mend.
But he also says MM is the key
But he adds also that why do you worry when total bet doesn't exceed 1%
He keeps on saying for hundreds of years, but who listens?
People who keep their trades to 1%, do so because they aren't confident in their trade in the first place.

Same goes for scaling out.

Just my Muppet 2 cents, good luck to you. See you later.
  • #355,259
  • Dec 30, 2010 10:34pm Dec 30, 2010 10:34pm
Happy New Year. I'm turning off the monitor for the year and wish you all well for the coming one. I've mainly been lurking, but have enjoyed your company in this solitary, yet fantastic extension of our business. The Pub beckons
FF journal: Peaks and Troffs
  • #355,260
  • Dec 30, 2010 10:37pm Dec 30, 2010 10:37pm
Quoting apt
People who keep their trades to 1%, do so because they aren't confident in their trade in the first place.

Same goes for scaling out.

Just my Muppet 2 cents, good luck to you. See you later.
Just saw your post. I totally disagree, but respect your right to say it.
FF journal: Peaks and Troffs
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