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  • #650,041
  • May 31, 2012 6:56am May 31, 2012 6:56am
confirmation of head and shoulders forming on 5 min as well
  • #650,042
  • May 31, 2012 6:59am May 31, 2012 6:59am
Quoting tomspin
Nah it didn't we would have to close at my entry point and we all know it will NOT happen right?
Maybe im having a slow day today, (it happens sometimes!lol) but why is it not? Or am i being stupid!?!
  • #650,043
  • May 31, 2012 6:59am May 31, 2012 6:59am
Quoting daemon_delux
Uhm, where? Post a chart and underline the formation.
Zoom out Daemon got freaky large head and unfinished right arm it is inverted one suggesting reverse - as I said it will not going to happen I am short!
swing it!
  • #650,044
  • May 31, 2012 7:00am May 31, 2012 7:00am
Quoting tightscalper
confirmation of head and shoulders forming on 5 min as well
Could be, in which case, hooray for shorts.
Please, just slap me around if I'm being silly ...
  • #650,045
  • May 31, 2012 7:02am May 31, 2012 7:02am
Pipsallday, what's the status on the referendum there in IE?
Please, just slap me around if I'm being silly ...
  • #650,046
  • May 31, 2012 7:02am May 31, 2012 7:02am
@Z Capitals
of course ,there are overbuy and oversell. the question is that it is not confirmed,the RSI didnot come back above 30 level ,so it is risky.but there is still support line on RSI indicator as you can see on my chart . that is just how i trade with my method .

@TraderChris
hey traderchris, yes ,it is a chinese blog. and i know there are many traders can read chinese on FF. i want to make friends with all of you .

good luck .
Attached Image (click to enlarge)
Click to Enlarge Name: 8(PQN`9%ZLPIDF4J@ZFJB}N.jpg Size: 185 KB
A chart helps those who can read it.
  • #650,047
  • May 31, 2012 7:03am May 31, 2012 7:03am
A technical analysis term used to describe a chart formation in which a stock's price:

1. Rises to a peak and subsequently declines.
2. Then, the price rises above the former peak and again declines.
3. And finally, rises again, but not to the second peak, and declines once more.

The first and third peaks are shoulders, and the second peak forms the head.

That is a clear bearish sign for me. Continuation downwards, read again on Investopedia just to be sure I'm not babbling nonsense.
Please, just slap me around if I'm being silly ...
  • #650,048
  • May 31, 2012 7:04am May 31, 2012 7:04am
ADP Non-Farm Employment Change due in 12 mins then GDP Unemployment crazy time ahead
Mohan
  • #650,049
  • May 31, 2012 7:08am May 31, 2012 7:08am
Quoting mohan76
ADP Non-Farm Employment Change due in 12 mins then GDP Unemployment crazy time ahead
Let me guess. It is election year = good numbers.

T
"I know one thing, that I know nothing." Sokrates
  • #650,050
  • May 31, 2012 7:08am May 31, 2012 7:08am
Quoting daemon_delux
A technical analysis term used to describe a chart formation in which a stock's price:

1. Rises to a peak and subsequently declines.
2. Then, the price rises above the former peak and again declines.
3. And finally, rises again, but not to the second peak, and declines once more.

The first and third peaks are shoulders, and the second peak forms the head.

That is a clear bearish sign for me. Continuation downwards, read again on Investopedia just to be sure I'm not babbling nonsense.

Defo looking bearish yes Daemon, im short from 2417 with tightish stop @ 2432...

come on the bears
  • #650,051
  • May 31, 2012 7:08am May 31, 2012 7:08am
Quoting Tom_D_Trader
Let me guess. It is election year = good numbers.

T
  • #650,052
  • May 31, 2012 7:08am May 31, 2012 7:08am
Quoting mohan76
ADP Non-Farm Employment Change due in 12 mins then GDP Unemployment crazy time ahead
How crazy bro??? CRAZY-CRAZY OR SYCHO-CRAZZY..CHEER
Imanuel Parsifal
  • #650,053
  • May 31, 2012 7:08am May 31, 2012 7:08am
Quoting geniusztc
@Z Capitals
of course ,there are overbuy and oversell. the question is that it is not confirmed,the RSI didnot come back above 30 level ,so it is risky.but there is still support line on RSI indicator as you can see on my chart . that is just how i trade with my method .

@TraderChris
hey traderchris, yes ,it is a chinese blog. and i know there are many traders can read chinese on FF. i want to make friends with all of you .

good luck .
Oscilators do not work in strongly trending markets - they're great in channels. Burned my fingers few times on false divergence.
swing it!
  • #650,054
  • May 31, 2012 7:10am May 31, 2012 7:10am
Quoting sycho
How crazy bro??? CRAZY-CRAZY OR SYCHO-CRAZZY..CHEER
Lets face it
  • #650,055
  • May 31, 2012 7:11am May 31, 2012 7:11am
Quoting sycho
How crazy bro??? CRAZY-CRAZY OR SYCHO-CRAZZY..CHEER
i don't know , i am scared of us data & usa bankster they can take stop from both short and long
Mohan
  • #650,056
  • May 31, 2012 7:11am May 31, 2012 7:11am
Quoting daemon_delux
Pipsallday, what's the status on the referendum there in IE?
looking like a yes vote 55 to 45 but early yet
Trade What You See Not What You Want To See
  • #650,057
  • May 31, 2012 7:12am May 31, 2012 7:12am
fun begins
  • #650,058
  • May 31, 2012 7:15am May 31, 2012 7:15am
Quoting tomspin
Nah it didn't we would have to close at my entry point and we all know it will NOT happen right?
looks to be done
  • #650,059
  • May 31, 2012 7:16am May 31, 2012 7:16am
Quoting tightscalper
looks to be done
GDP first imo this will push her in a right direction
swing it!
  • #650,060
  • May 31, 2012 7:17am May 31, 2012 7:17am
US ADP employment numbers comes in weaker than forecasts at 133,000 jobs vs 148,000 expected
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