Work smarter,not harder
- #701,861
- Oct 3, 2012 5:36am Oct 3, 2012 5:36am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
- #701,864
- Oct 3, 2012 6:01am Oct 3, 2012 6:01am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #701,865
- Oct 3, 2012 6:02am Oct 3, 2012 6:02am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #701,867
- Oct 3, 2012 6:06am Oct 3, 2012 6:06am
- Joined Dec 2011 | Status: Trader | 3,013 Posts
This is my idea
If we get confirmation of H&S closing under neckline 1.289x
I am going short SL 1.294x
TP 1.282x
If we get confirmation of H&S closing under neckline 1.289x
I am going short SL 1.294x
TP 1.282x
- #701,868
- Oct 3, 2012 6:17am Oct 3, 2012 6:17am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #701,870
- Oct 3, 2012 6:25am Oct 3, 2012 6:25am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #701,871
- Oct 3, 2012 6:27am Oct 3, 2012 6:27am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
This is my idea
If we get confirmation of H&S closing under neckline 1.289x
I am going short SL 1.294x
TP 1.282x
I have no problem your trade bro, wish may green bear pip, however the H&S shown in green, is not quite right, as H&S normally indication of possible reversal at top of rally/ trend and inverted H&S at bottom, your H&S ? is more at bottom of trend / drop, unless you consider the most recent bounce from 2803 as your rally / trend
If you look to left of your green box, you will see a better reversal pattern, which could be constued as H&S, but is same situation it is at the lows of recent drop, "but" the H&S type pattern, proved to be a good indication
If you look at higher timeframe you can see a possible "inverted H&S, which is more suited to A true pattern, and sorry bro dont quite understand your trenlines either, they seem to start where ever it suits your plan, rather than just the upermost point
I dont want to sound moanering bro, but google H&S and you will see what I trying to say much better
If you are new to Forex? Say Goodbye to your account!!
- #701,873
- Oct 3, 2012 6:31am Oct 3, 2012 6:31am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #701,874
- Oct 3, 2012 6:34am Oct 3, 2012 6:34am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
You know all the moves happen when you are not in front of the screen
I hate pre nfp weeks, especially on thursday and friday morning.
I'd like to see your PLOP so i can buy it !
I've tried a small short at 29...stop 37...but i'm losing confidence in it at the moment.
COT: The precious data ignored
- #701,875
- Oct 3, 2012 6:35am Oct 3, 2012 6:35am
- | Membership Revoked | Joined Aug 2011 | 1,123 Posts
go to 292x than down to 2880 
- #701,876
- Oct 3, 2012 6:39am Oct 3, 2012 6:39am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #701,877
- Oct 3, 2012 6:39am Oct 3, 2012 6:39am
- | Membership Revoked | Joined Aug 2011 | 1,123 Posts
go to 292x than down to 2880
- #701,879
- Oct 3, 2012 6:42am Oct 3, 2012 6:42am
- | Membership Revoked | Joined Aug 2011 | 1,123 Posts
Even if the pattern appear ( a bit small ) but i think it will be ruined by NFP volatility in a about 40 minutes from now ... However, i share the same view as yours - you just disagree on the bouncing point !
My simple opinion is : If a new low was printed and a faliure to reach or break 1.29700 , it has to print a new low . This low should be between the area 1.28050 till 1.27550. But everything is possible in this crazy market.
