dude, you've been smoking.....and smoking haard
I knew you would reveal your secret chart patterns, eventually.
- #55,841
- Sep 21, 2012 11:25am Sep 21, 2012 11:25am
- Joined Apr 2007 | Status: Trader | 1,522 Posts
dude, you've been smoking.....and smoking haard
I knew you would reveal your secret chart patterns, eventually.
- #55,842
- Sep 21, 2012 11:28am Sep 21, 2012 11:28am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
dude, you've been smoking.....and smoking haard
I knew you would reveal your secret chart patterns, eventually.
Those who say it cannot be done should not interrupt those who are doing it
- #55,843
- Sep 21, 2012 11:29am Sep 21, 2012 11:29am
- Joined Apr 2007 | Status: Trader | 1,522 Posts
You don't get out much, do you?
The double shark fin is actually a double top in this case.
So if price breaks below the shark's back, then the move down is the same as the height of the fin
:http://www.forexfactory.com/showthread.php?t=203665
- #55,844
- Sep 21, 2012 11:29am Sep 21, 2012 11:29am
dude, you've been smoking.....and smoking haard
I knew you would reveal your secret chart patterns, eventually.
- #55,845
- Sep 21, 2012 11:31am Sep 21, 2012 11:31am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
dude, you've been smoking.....and smoking haard
I knew you would reveal your secret chart patterns, eventually.
- #55,846
- Sep 21, 2012 11:34am Sep 21, 2012 11:34am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
This is a perfect way to enjoy a comatose market. Thanks Rekon for starting the whole shark fin thing 
Those who say it cannot be done should not interrupt those who are doing it
- #55,848
- Sep 21, 2012 11:43am Sep 21, 2012 11:43am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #55,849
- Sep 21, 2012 11:43am Sep 21, 2012 11:43am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
and now on to a more serious note.
US afternoon session is not showing much life today. However it is freaky Friday today so the last hour of trade could give us some volatile moves as the last batch of options and futures expire
Price is currently stuck between the hourly 200 sma and the daily pivot after drawing the initial stage of a double top pattern. The neckline pretty much lines up with the daily pivot at 1.2980. With a top at 1.3041, that gives us a neck to top distance of 61 pips which means that the target will be 61 pips below the neck coming in almost exactly at my previously mentioned 1.2918 support
Let's see how that plays out.
E/U Hourly
US afternoon session is not showing much life today. However it is freaky Friday today so the last hour of trade could give us some volatile moves as the last batch of options and futures expire
Price is currently stuck between the hourly 200 sma and the daily pivot after drawing the initial stage of a double top pattern. The neckline pretty much lines up with the daily pivot at 1.2980. With a top at 1.3041, that gives us a neck to top distance of 61 pips which means that the target will be 61 pips below the neck coming in almost exactly at my previously mentioned 1.2918 support
Let's see how that plays out.
E/U Hourly
Those who say it cannot be done should not interrupt those who are doing it
- #55,850
- Sep 21, 2012 11:52am Sep 21, 2012 11:52am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
You don't get out much, do you?
The double shark fin is actually a double top in this case.
So if price breaks below the shark's back, then the move down is the same as the height of the fin
Time to clean computer screen........lunch just shot through nose!!!
Thanks you two!
- #55,851
- Sep 21, 2012 11:59am Sep 21, 2012 11:59am
- | Membership Revoked | Joined Jan 2007 | 3,555 Posts
- #55,853
- Sep 21, 2012 12:30pm Sep 21, 2012 12:30pm
- | Membership Revoked | Joined Jan 2007 | 3,555 Posts
- #55,854
- Sep 21, 2012 12:31pm Sep 21, 2012 12:31pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Fed's Lockhart says "more Fed easing may be needed if jobs stall."
those guys just keep 'em coming.
DUDE, YOU JUST EASED THE FCK OUT OF THE WHOLE WORLD !!!
Those who say it cannot be done should not interrupt those who are doing it
- #55,855
- Sep 21, 2012 12:33pm Sep 21, 2012 12:33pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #55,856
- Sep 21, 2012 12:36pm Sep 21, 2012 12:36pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Fed has to be in panic mode about Europe and Asia for this much talk. Just sold again. Real tight stop.
The constant qe talk no longer is reassuring.
They must see weak export markets so will gun the domestic economy.
This is overkill on the easing speeches.
50 sma on the four hour at 1.3006 held, this bugger may go down yet today.
2 H4 rejection candles in a row. Let's go for another one shall we?
Actually screw it... just get it over with and make the 3rd one a nice long bear candle.
Those who say it cannot be done should not interrupt those who are doing it
- #55,858
- Sep 21, 2012 12:40pm Sep 21, 2012 12:40pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Yeah, he is a moving average
Those who say it cannot be done should not interrupt those who are doing it
- #55,860
- Sep 21, 2012 12:45pm Sep 21, 2012 12:45pm
- | Membership Revoked | Joined Jan 2007 | 3,555 Posts