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  • #590,001
  • Jan 30, 2012 6:29pm Jan 30, 2012 6:29pm
Little trendline on the hourly the pair is respecting so far. Thinking 3500 or even 3600 not out of the question.
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Please do not vouch for me.
  • #590,002
  • Jan 30, 2012 6:31pm Jan 30, 2012 6:31pm
Im I the only one who see a possible head-and- shoulders pattern there ?
  • #590,003
  • Jan 30, 2012 6:35pm Jan 30, 2012 6:35pm
Quoting Link
Im I the only one who see a possible head-and- shoulders pattern there ?
what time frame ?
  • #590,004
  • Jan 30, 2012 6:37pm Jan 30, 2012 6:37pm
Quoting Link
Im I the only one who see a possible head-and- shoulders pattern there ?
No, I see the possibility of it forming as well. But, rule of thumb for a valid H&S is the shoulder must be full formed & price must close below the neckline first for it to be tradeable. None of which has happened yet.

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.
Attached Image
Thank You
  • #590,005
  • Jan 30, 2012 6:41pm Jan 30, 2012 6:41pm
Confirm..looking good!
There is only one right price.... what the customer is willing to pay !
  • #590,006
  • Jan 30, 2012 6:41pm Jan 30, 2012 6:41pm
Quoting blackstar
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
  • #590,007
  • Jan 30, 2012 6:54pm Jan 30, 2012 6:54pm
From the volume of options contracts is that the institutional sold have been up to call 132 I do not think we can overcome to February 18, every day is good to sell
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There is only one right price.... what the customer is willing to pay !
  • #590,008
  • Jan 30, 2012 6:56pm Jan 30, 2012 6:56pm
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.

Quoting Schnitzel
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
  • #590,009
  • Jan 30, 2012 7:10pm Jan 30, 2012 7:10pm
Quoting bumapatria
i wasnt the one swearing my mouth off back at my thread - basically everythin u said back there was utterly no use for me. i use that thread to leaern - and what did i learn . that u need not be there. simple as that.

well might not work for u - but i timed these two trades reall well.
yes i do trade 0.01 i dont leverage.

fx doesnt care what u use to make profit Taigen , its bout if u do or do not in the end.

if u really want to talk nonsense- i think your "system" using fibs and just placing trades on 23.6 - and if it passes that...
Your chart to my eyes
http://puu.sh/faEd
  • #590,010
  • Jan 30, 2012 7:19pm Jan 30, 2012 7:19pm
Overbought, high strength, fragile EU, I'm not convinced that it can improve, sell 1.3070
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There is only one right price.... what the customer is willing to pay !
  • #590,011
  • Jan 30, 2012 7:44pm Jan 30, 2012 7:44pm
Quoting Rich80
Overbought, high strength, fragile EU, I'm not convinced that it can improve, sell 1.3070
Trend is up, overbought readings should be ignored. First post

http://stockcharts.com/school/doku.p...tic_oscillator
  • #590,012
  • Jan 30, 2012 7:46pm Jan 30, 2012 7:46pm
long @ .3164 tp @ .3207
Time turns trend. - W.D. Gann
  • #590,013
  • Jan 30, 2012 8:02pm Jan 30, 2012 8:02pm
Quoting Rich80
Overbought, high strength, fragile EU, I'm not convinced that it can improve, sell 1.3070
And there is slight bearish divergence, but It isn't severely overbought yet (Hint: look at CCI indie in my chart) and still have upward risk to around 1.3500 level.
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  • #590,014
  • Jan 30, 2012 8:09pm Jan 30, 2012 8:09pm
possible h&s forming with neckline 1.3080
Patience, Emotion Control and Discipline.
  • #590,015
  • Jan 30, 2012 8:23pm Jan 30, 2012 8:23pm
A quick 23 pip scalp.

trade explained on VSA thread.

http://www.forexfactory.com/showthre...=1#post5340066
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  • #590,016
  • Jan 30, 2012 8:56pm Jan 30, 2012 8:56pm
first tp taken 3190 + 35 pips
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
  • #590,017
  • Jan 30, 2012 9:18pm Jan 30, 2012 9:18pm
mmmm funny shapes

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 161 KB
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
  • #590,018
  • Jan 30, 2012 9:28pm Jan 30, 2012 9:28pm
Quoting VanDemon
mmmm funny shapes

Attachment
What is so funny about the shapes?
'For the market to work, it needs people who think that they can beat it.'
  • #590,019
  • Jan 30, 2012 9:49pm Jan 30, 2012 9:49pm
Quoting Taigen
It's been a bear run since the 4200's with a countertrend long that is now continuing the bear run down to 2400's.
I am not taking about the historical trend but the trend of this week
  • #590,020
  • Jan 30, 2012 9:56pm Jan 30, 2012 9:56pm
1.3197 is a key level in the 4 hour chart. I am prepared to short in the 1.3190s area.
'For the market to work, it needs people who think that they can beat it.'
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