Please do not vouch for me.
- Post #590,002
- Quote
- Jan 30, 2012 7:31pm Jan 30, 2012 7:31pm
Im I the only one who see a possible head-and- shoulders pattern there ?
- Post #590,003
- Quote
- Jan 30, 2012 7:35pm Jan 30, 2012 7:35pm
Im I the only one who see a possible head-and- shoulders pattern there ?
- Post #590,004
- Quote
- Jan 30, 2012 7:37pm Jan 30, 2012 7:37pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Im I the only one who see a possible head-and- shoulders pattern there ?
However, the D1 had formed a kabuse, a reversal pattern. Based on that I am building a short position here @3147 with stop placed @3255. Low stop size considering the tf, worth the stab. And I will add further should the H&S becomes valid at some point.
Good luck.
Thank You
- Post #590,005
- Quote
- Jan 30, 2012 7:41pm Jan 30, 2012 7:41pm
There is only one right price....
what the customer is willing to pay !
- Post #590,006
- Quote
- Jan 30, 2012 7:41pm Jan 30, 2012 7:41pm
Ouch...
There's quite a bit of resistance above that one.
ETA: Looks like it might be a good one after all hahah
were gud
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
- Post #590,007
- Quote
- Jan 30, 2012 7:54pm Jan 30, 2012 7:54pm
There is only one right price....
what the customer is willing to pay !
- Post #590,008
- Quote
- Jan 30, 2012 7:56pm Jan 30, 2012 7:56pm
still valid trade idea in my opinion, entered long at 1.3130 with sl 1.3070 and tp is set at 1.3290 but very optimistic.. i would already be happy if we saw 1.3240. bullish momentum seems to remain strong at midterm timeframes (1h-4h), also Asia usually sets the tone for the day. another bullish sign is the hammer forming at daily timeframe (although we have some hours left for it to complete). i will go to bed now. 
I will not trade against the trend, so I'm looking for a long order at around 1.3150, price should go to 1.31 maximal. If it goes below 1.3076, it would make a lower low and break the trendline, which would confirm a reversal.
No profittarget yet, although 1.3240-1.3270 will become an interesting resistance area and possible take profit area.
http://s7.directupload.net/images/120130/8favn787.gif
- Post #590,009
- Quote
- Jan 30, 2012 8:10pm Jan 30, 2012 8:10pm
- | Joined Jan 2012 | Status: Member | 215 Posts
- Post #590,010
- Quote
- Jan 30, 2012 8:19pm Jan 30, 2012 8:19pm
There is only one right price....
what the customer is willing to pay !
- Post #590,011
- Quote
- Jan 30, 2012 8:44pm Jan 30, 2012 8:44pm
- | Joined Jan 2012 | Status: Member | 5 Posts
- Post #590,012
- Quote
- Jan 30, 2012 8:46pm Jan 30, 2012 8:46pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,697 Posts
Time turns trend. - W.D. Gann
- Post #590,014
- Quote
- Jan 30, 2012 9:09pm Jan 30, 2012 9:09pm
- Joined Apr 2011 | Status: Liverpool's KOP | 4,217 Posts | Online Now
Patience, Emotion Control and Discipline.
- Post #590,016
- Quote
- Jan 30, 2012 9:56pm Jan 30, 2012 9:56pm
first tp taken 3190 + 35 pips 
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
- Post #590,017
- Quote
- Jan 30, 2012 10:18pm Jan 30, 2012 10:18pm
mmmm funny shapes
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
- Post #590,018
- Quote
- Jan 30, 2012 10:28pm Jan 30, 2012 10:28pm
- | Joined Mar 2011 | Status: Member | 441 Posts
'For the market to work, it needs people who think that they can beat it.'
- Post #590,019
- Quote
- Jan 30, 2012 10:49pm Jan 30, 2012 10:49pm
- Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts
- Post #590,020
- Quote
- Jan 30, 2012 10:56pm Jan 30, 2012 10:56pm
- | Joined Mar 2011 | Status: Member | 441 Posts
'For the market to work, it needs people who think that they can beat it.'