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  • #570,421
  • Dec 6, 2011 3:34am Dec 6, 2011 3:34am
Quoting FXMastermind
...and hammer it is.

Short from 27 for a quickie.
Nice.. How exactly did you predict that one? Experience?
  • #570,422
  • Dec 6, 2011 3:35am Dec 6, 2011 3:35am
Quoting whatfx
technically it should be a hanging man not a hammer, as the previous 4hr bar was bullish.
For me, that preceeding bearish three candles PA is more relevant to consider than that smaller hammer in hours when market was dead (pre Europe, late Tokyo).
Quant Hedge Fund CEO
  • #570,423
  • Dec 6, 2011 3:35am Dec 6, 2011 3:35am
Quoting ThisPip
small reversal over, time to go long again..lol just watch

lets watch.
  • #570,424
  • Dec 6, 2011 3:38am Dec 6, 2011 3:38am
Quoting FXMastermind
For me, that preceeding bearish three candles PA is more relevant to consider than that smaller hammer in hours when market was dead (pre Europe, late Tokyo).

well, the hanging man still signals a reversal. so wins both ways.
  • #570,425
  • Dec 6, 2011 3:39am Dec 6, 2011 3:39am
Quoting kbmoonshinex
hello bro. hows your trading ? all green ?
Hey Kb wish it was all green, doing ok, crappy sideways pa make me crazy, need an achor for when crap hits the fan, time will tell

Kiwi
If you are new to Forex? Say Goodbye to your account!!
  • #570,426
  • Dec 6, 2011 3:40am Dec 6, 2011 3:40am
hold
looking for investors . pm me
  • #570,427
  • Dec 6, 2011 3:41am Dec 6, 2011 3:41am
Quoting kbmoonshinex
TP hit short 3420 . TP 3220
SL 3432
looking for investors . pm me
  • #570,428
  • Dec 6, 2011 3:42am Dec 6, 2011 3:42am
Quoting theIEguy9_09
Put up a USDCHF next to your EURUSD and watch the correlation between the two pairs...this rally long was obvious if you were paying attention to the elegant setup that was happening for this momentum...
Agree need every advantage you can find
If you are new to Forex? Say Goodbye to your account!!
  • #570,429
  • Dec 6, 2011 3:43am Dec 6, 2011 3:43am
I bought at 1,3375 and 1,3369 with 1 lots and my TP is 1,3480
  • #570,430
  • Dec 6, 2011 3:43am Dec 6, 2011 3:43am
Quoting KiwiTrada
Hey Kb wish it was all green, doing ok, crappy sideways pa make me crazy, need an achor for when crap hits the fan, time will tell

Kiwi
respect bro. i think it was possible last leg up today. now only shorts
looking for investors . pm me
  • #570,431
  • Dec 6, 2011 3:45am Dec 6, 2011 3:45am
Quoting whatfx
well, the hanging man still signals a reversal. so wins both ways.
Well, not really - hanging man is a bearish reversal pattern after a bullish trend, hammer is the exact opposite. In this case, hanging man would be irrelevant as we were in a bearish trend (last three relevant candles LHs and LLs).
Quant Hedge Fund CEO
  • #570,432
  • Edited 4:22am Dec 6, 2011 3:50am | Edited 4:22am
Quoting FXMastermind
For me, that preceeding bearish three candles PA is more relevant to consider than that smaller hammer in hours when market was dead (pre Europe, late Tokyo).

actually i think there is a bit of confusion here.

you are saying it is a hammer thereby signalling a change to the upside, bullish sentiment. is that right ?

iam saying, it is a hanging man signalling a change of direction to the downside, i.e. bearish.

this is precisely what has happened , i.e. market has gone bearish for now...


correct me if iam wrong.
  • #570,433
  • Dec 6, 2011 3:50am Dec 6, 2011 3:50am
Quoting ThisPip
small reversal over, time to go long again..lol just watch
Why are you trading against the H1 BIAS? I don't get it....I understand that being a leader and not a follower is good....but not in this JUNGLE!! You bought just to watch your money go down for an hour...
  • #570,434
  • Dec 6, 2011 3:50am Dec 6, 2011 3:50am
Quoting KiwiTrada
Hey Kb wish it was all green, doing ok, crappy sideways pa make me crazy, need an achor for when crap hits the fan, time will tell

Kiwi
LOL, when is sideways breathing meditation could be good.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #570,435
  • Dec 6, 2011 3:50am Dec 6, 2011 3:50am
Quoting ThisPip
small reversal over, time to go long again..lol just watch
sure was wrong on that. All the commodities took a lil dive too.

This morning around 5am london 6 frankfurt time was the time to pick
bottoms, cristal clear levels. Cant have them all i guess.
  • #570,436
  • Dec 6, 2011 3:58am Dec 6, 2011 3:58am
Quoting ThisPip
sure was wrong on that. All the commodities took a lil dive too.

This morning around 5am london 6 frankfurt time was the time to pick
bottoms, cristal clear levels. Cant have them all i guess.
At some level one must use common sense to trade...Unfortunately we all do not possess this and thats what makes the FOREX so appeasing to me
  • #570,437
  • Dec 6, 2011 4:04am Dec 6, 2011 4:04am
SHe pulled back to 34.

Is she going to bounce or break, or neither?

I dont know, but I am watching.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #570,438
  • Dec 6, 2011 4:09am Dec 6, 2011 4:09am
Quoting whatfx
actually i think there is a bit of confusion here.

you are saying it is a hanging man thereby signalling a change to the upside, bullish sentiment. is that right ?

iam saying, it is a hanging man signalling a change of direction to the downside, i.e. bearish.

this is precisely what has happened , i.e. market has gone bearish for now...


correct me if iam wrong.
You mean that 25 pip correction after a strong bullish move?

Anyway, you do what you consider best for your business. I need someone on the other side of my trades
Quant Hedge Fund CEO
  • #570,439
  • Dec 6, 2011 4:14am Dec 6, 2011 4:14am
Came down to 3332 to the pip then went up to 3427 to the pip .
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  • #570,440
  • Dec 6, 2011 4:15am Dec 6, 2011 4:15am
probably stuck in 1.33 - 1.35 range before EU leaders summit...
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