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  • #6,861
  • Nov 1, 2012 6:13am Nov 1, 2012 6:13am
GM
Quoting DizzyP
Morning All
  • #6,862
  • Nov 1, 2012 6:16am Nov 1, 2012 6:16am
How has trading been this morning?
  • #6,863
  • Nov 1, 2012 6:18am Nov 1, 2012 6:18am
Quoting stevewalker
ok guys

HS pattern is ending with Trap.
called "Bear" trap.
it is moving up where it moved from.
Do you have a chart with this HS and trap area indicated. So i can visualize it. TY
"My 2 cents"
  • #6,864
  • Nov 1, 2012 6:19am Nov 1, 2012 6:19am
I already posted my story
you tell us

Quoting DizzyP
How has trading been this morning?
  • #6,865
  • Nov 1, 2012 6:21am Nov 1, 2012 6:21am
white thick line is Neckline

Trap is there
it reversed just after breaking the NL ( Neckline )
Quoting Stimulus
Do you have a chart with this HS and trap area indicated. So i can visualize it. TY
Attached Image (click to enlarge)
Click to Enlarge Name: _q.gif Size: 37 KB
  • #6,866
  • Nov 1, 2012 6:23am Nov 1, 2012 6:23am
there is no guarantee that it will move further up!
as usual!
Quoting stevewalker
white thick line is Neckline

Trap is there
it reversed just after breaking the NL ( Neckline )
  • #6,867
  • Nov 1, 2012 6:23am Nov 1, 2012 6:23am
Just woke up...Got to set up daily chart....And see what happens
  • #6,868
  • Nov 1, 2012 6:28am Nov 1, 2012 6:28am
DizzyP
if you answer a post use "Quote" button on related post

Quoting DizzyP
Just woke up...Got to set up daily chart....And see what happens
  • #6,869
  • Nov 1, 2012 6:28am Nov 1, 2012 6:28am
Quoting stevewalker
there is no guarantee that it will move further up!
as usual!
Intresting...Will be looking for that
  • #6,870
  • Nov 1, 2012 6:30am Nov 1, 2012 6:30am
Quoting stevewalker
white thick line is Neckline

Trap is there
it reversed just after breaking the NL ( Neckline )
Ahh yes. I have seen that before. I tried trading patterns before, but they seem to do the opposite of norm as soon as you see them advertized on some popular TA site.

I count waves now. It looks like a M or W moving along trendlines for entries on bounce or break. The rest are pivot trades. Thats about it.
"My 2 cents"
  • #6,871
  • Nov 1, 2012 6:32am Nov 1, 2012 6:32am
petterns formations
when trading all needed

Quoting Stimulus
Ahh yes. I have seen that before. I tried trading patterns before, but they seem to do the opposite of norm as soon as you see them advertized on some popular TA site.

I count waves now. It looks like a M or W moving along trendlines for entries on bounce or break. The rest are pivot trades. Thats about it.
  • #6,872
  • Nov 1, 2012 6:34am Nov 1, 2012 6:34am
there is also Possibility of, price will enter a down channel @ 1H & move down with waves.
  • #6,873
  • Nov 1, 2012 6:35am Nov 1, 2012 6:35am
we may also see another bounce over 2952 then up.

Quoting stevewalker
there is also Possibility of, price will enter a down channel @ 1H & move down with waves.
  • #6,874
  • Nov 1, 2012 6:36am Nov 1, 2012 6:36am
fast strong direct moves both direction alwyas possible in that heavly news driven MKT.
no need to say.

Quoting stevewalker
we may also see another bounce over 2952 then up.
  • #6,875
  • Nov 1, 2012 6:40am Nov 1, 2012 6:40am
if you want to see double bottom look @ 15M
there is a good example of it.

fast move up after double bottom.
if double bottom does not move fast it will fail. due it is not testing for 3rd.
  • #6,876
  • Nov 1, 2012 6:42am Nov 1, 2012 6:42am
http://www.sierrachart.com/userimage...5177006694.png
http://www.sierrachart.com/userimage...1770081834.png

Missed this entry by a few pips, just need the news to be nice fo further move upwards
  • #6,877
  • Nov 1, 2012 6:44am Nov 1, 2012 6:44am
reached 2970
what the reaction will be?
:nerd:
  • #6,878
  • Nov 1, 2012 6:45am Nov 1, 2012 6:45am
Quoting stevewalker
white thick line is Neckline

Trap is there
it reversed just after breaking the NL ( Neckline )
did your dog throw up on MT4 again???!

Hudson Metrics
  • #6,879
  • Nov 1, 2012 6:47am Nov 1, 2012 6:47am
if you missed that entrys due to pending orders thats normal.
instead of doing it yourself ( any reason working, sleeping,.......) you are waiting to be happen by a single entry.

pending orders are dangerous!!!


Quoting bootsyjam
http://www.sierrachart.com/userimage...5177006694.png
http://www.sierrachart.com/userimage...1770081834.png

Missed this entry by a few pips, just need the news to be nice fo further move upwards
  • #6,880
  • Nov 1, 2012 6:48am Nov 1, 2012 6:48am
what do you mean with that?

Quoting quantq3
did your dog throw up on MT4 again???!

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