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EURUSD

  • #431,141
  • Apr 28, 2011 11:50am Apr 28, 2011 11:50am
..
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  • #431,142
  • Apr 28, 2011 11:50am Apr 28, 2011 11:50am
Quoting cloggie
I am actually going down there, nothing else to do anyways. Unless it is raining.
have fun!
  • #431,143
  • Apr 28, 2011 11:50am Apr 28, 2011 11:50am
looks like a short to 47662 area then an up move...im sidelined till it picks


Quoting attila
h/s has to be upside down - bullish in the present config. The way it is right now well within a down trend doesn't mean much.
  • #431,144
  • Apr 28, 2011 11:50am Apr 28, 2011 11:50am
Quoting Venice
haters...
And skaters gonna skate!
  • #431,145
  • Apr 28, 2011 11:51am Apr 28, 2011 11:51am
Quoting kill56
enjoy 2 of them rum cocktails
thanks...
Look Sharp/Trade Tight
  • #431,146
  • Apr 28, 2011 11:51am Apr 28, 2011 11:51am
Quoting attila
I don't think h/s shows continuation. It does signal reversal. Anyway.... Somebody that knows this stuff, butt in and set us straight.
Eh.

I'm convinced H & S pattern is correct 50% of the time.

Butttt... in an uptrend, H&S will signal the reversal.

In a downtrend, inverted H&S.

I think Archie explained it at one point. The last of the people who bought in on the head get out at a decent price on the right shoulder (not BE, but better then where they were), which the covering starts a snowball effect on the way down.

Doesn't matter to me, I'll trade the left shoulder up and down, head up and down, and right shoulder up and down. hah.
  • #431,147
  • Apr 28, 2011 11:52am Apr 28, 2011 11:52am
Quoting Astroman
I'll trade places with you. I love the snow especially when it snows so bad it shuts everything down for a couple of days ( except electricity ),put on a fire, make a nice roast or stew, beer, and watch the markets. .
But by May it is getting a little old.
  • #431,148
  • Apr 28, 2011 11:52am Apr 28, 2011 11:52am
Quoting attila
I don't think h/s shows continuation. It does signal reversal. Anyway.... Somebody that knows this stuff, butt in and set us straight.

There are many ways to look at it. I really dont trade patterns or trendlines or any of that stuff anymore, I do trade momentum and I buy increasing prices and sell decreasing prices, I am early into what I would normally do but if you look at the monthly chart I have a very good reason to sell here, Mainly because of price symmetry. You gotta look to see this

I believe trump cards are in the bigger pictures.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_Weekly_Symmetry.jpg Size: 96 KB
Know when to hold em, Know when to fold em!
  • #431,149
  • Apr 28, 2011 11:53am Apr 28, 2011 11:53am
hmmmm

Quoting cloggie
..
  • #431,150
  • Apr 28, 2011 11:53am Apr 28, 2011 11:53am
Rite. What I'm saying. Thanks.
Quoting Venice
Eh.

I'm convinced H & S pattern is correct 50% of the time.

Butttt... in an uptrend, H&S will signal the reversal.

In a downtrend, inverted H&S.

I think Archie explained it at one point. The last of the people who bought in on the head get out at a decent price on the right shoulder (not BE, but better then where they were), which the covering starts a snowball effect on the way down.

Doesn't matter to me, I'll trade the left shoulder up and down, head up and down, and right shoulder up and down. hah.
  • #431,151
  • Apr 28, 2011 11:53am Apr 28, 2011 11:53am
Quoting Magix
2. The wife says she don't give a shit how much it snows, I still don't get to pull out the snowblower...
Particularly while wearing shorts!
  • #431,152
  • Apr 28, 2011 11:54am Apr 28, 2011 11:54am
Quoting cloggie
..
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #431,153
  • Apr 28, 2011 11:54am Apr 28, 2011 11:54am
Quoting cloggie
Pass the red.
lol out of red black will doo, on the house
Attached Image
  • #431,154
  • Apr 28, 2011 11:55am Apr 28, 2011 11:55am
so you guys still think this thing has some upward momentum left in it? personally i never thought it would cross 46.
The dreamers are the saviors of the world.
  • #431,155
  • Apr 28, 2011 11:55am Apr 28, 2011 11:55am
Quoting PayTheLimit
still looking to add with an hourly under 4788...
ditto...
Look Sharp/Trade Tight
  • #431,156
  • Apr 28, 2011 11:57am Apr 28, 2011 11:57am
Quoting goods
There are many ways to look at it. I really dont trade patterns or trendlines or any of that stuff anymore, I do trade momentum and I buy increasing prices and sell decreasing prices, I am early into what I would normally do but if you look at the monthly chart I have a very good reason to sell here, Mainly because of price symmetry. You gotta look to see this
Not selling below 1.5. Not sure about the symmetry and stuff but looking at the monthly chart I am scared out of my mind to short (unless for scalps). Nothing in there tells me sell. Darn, the long term chart says 1.5140 and even 1.57 if it wants to humor us.
  • #431,157
  • Apr 28, 2011 11:57am Apr 28, 2011 11:57am
Quoting kill56
lol out of red black will doo, on the house
Damn...developing a killer thirst!
  • #431,158
  • Apr 28, 2011 11:57am Apr 28, 2011 11:57am
Quoting Magix

That's what you do this time of day, open the 10 sec chart and your M1 and play the easy setups, they all add up over time.
  • #431,159
  • Apr 28, 2011 11:58am Apr 28, 2011 11:58am
Quoting attila
Not selling below 1.5. Not sure about the symmetry and stuff but looking at the monthly chart I am scared out of my mind to short (unless for scalps). Nothing in there tells me sell. Darn, the long term chart says 1.5140 and even 1.57 if it wants to humor us.
http://www.forexfactory.com/showpost...stcount=431187

To each their own.
Know when to hold em, Know when to fold em!
  • #431,160
  • Apr 28, 2011 11:59am Apr 28, 2011 11:59am
Quoting goods
http://www.forexfactory.com/showpost...stcount=431187

To each their own.
GL. I ain't doing it.
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