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Triangle Pattern Poll

  • Poll

  • Price is at the X, do you Buy or Sell?
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  • #1
  • First Post: Jul 10, 2011 8:18pm Jul 10, 2011 8:18pm
Price travels down to the X in this Daily triangle pattern. In your opinion, which is the higher probability position, a buy or a sell?
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  • #2
  • Jul 10, 2011 11:27pm Jul 10, 2011 11:27pm
Quoting rubberband
Price travels down to the X in this Daily triangle pattern. In your opinion, which is the higher probability position, a buy or a sell?
the buy option.. tho I'd just wait if you want the highest probability

honestly I think the USD almost found strength last week but the fundamentals went to shit again.. currently its like two weak and confused currencies fighting themselves.. good luck
  • #3
  • Jul 11, 2011 1:11am Jul 11, 2011 1:11am
You'd better wait for a pinbar formation instead of just buying at that point.
  • #4
  • Jul 11, 2011 1:16am Jul 11, 2011 1:16am
Quoting rubberband
Price travels down to the X in this Daily triangle pattern. In your opinion, which is the higher probability position, a buy or a sell?
See what happens at the line, otherwise it's a gamble. Wait for confirmed reversal or break out.
  • #5
  • Jul 11, 2011 1:25am Jul 11, 2011 1:25am
I love pinbar formations, but a breakout isn't that bad. Let's see what happen. I won't buy or sell now, but I believe in the breakout!!!
  • #6
  • Jul 11, 2011 4:05am Jul 11, 2011 4:05am
Quoting rubberband
Price travels down to the X in this Daily triangle pattern. In your opinion, which is the higher probability position, a buy or a sell?
You can buy, but for sell you need confirmation.
  • #7
  • Jul 11, 2011 6:01am Jul 11, 2011 6:01am
Quoting rubberband
Price travels down to the X in this Daily triangle pattern. In your opinion, which is the higher probability position, a buy or a sell?
entirely depends on your strategy.
  • #8
  • Last Post: Jul 11, 2011 1:27pm Jul 11, 2011 1:27pm
If I had to decide where to make a trade based on only the chart attached and no other context, I would wait to buy below 'x', after all the suckers went short trying to trade a breakout.
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