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  • #16,521
  • Nov 27, 2012 9:40pm Nov 27, 2012 9:40pm
Quoting forexalien
That is a nice chart, but there is not much momentum right now to go there this year yet......1.0350.......
Are you sure a RS will be built up the way you projected?
daddybearforex. com
  • #16,522
  • Nov 27, 2012 9:42pm Nov 27, 2012 9:42pm
Quoting forexalien
That is a nice chart, but there is not much momentum right now to go there this year yet......1.0350.......
Is it safe to short at 045 and tp at 042?
I need 2nd opinion
  • #16,523
  • Nov 27, 2012 9:43pm Nov 27, 2012 9:43pm
If the h/s scenario is to have any say in this, 1.0464 will serve as resistance in the next little while - a nice 30 pip range between that and 1.0434. I'm still uncertain whether 1.0334 will be breached though - I suspect not.
  • #16,524
  • Nov 27, 2012 9:47pm Nov 27, 2012 9:47pm
Quoting HelloOz
Is it safe to short at 045 and tp at 042?
I need 2nd opinion
Your numbers are a bit off, go with mine^^ But is it safe? Probably - though there are no guarantees. Might want to put some stops at 1.0478 if you're playing short term.
Still, given the lack of news events, the probability of range play is quite high.
  • #16,525
  • Nov 27, 2012 10:02pm Nov 27, 2012 10:02pm
Quoting DaddyBear
Are you sure a RS will be built up the way you projected?
Never sure, 90% chance it will.......
The More You Learn, The More You Earn.....
  • #16,526
  • Nov 27, 2012 10:09pm Nov 27, 2012 10:09pm
Quoting forexalien
Never sure, 90% chance it will.......
In fact, I don't think a H/S pattern will be formed. My rationale is that a H/S is a topping pattern. IMO, a top formed before a test of 1.05xx may not be in the cards.
daddybearforex. com
  • #16,527
  • Nov 27, 2012 10:09pm Nov 27, 2012 10:09pm
Good afternoon guys
Hope you all get a green pips today
  • #16,528
  • Nov 27, 2012 10:12pm Nov 27, 2012 10:12pm
See everyone in the morning, I have to go and take an Instrument Check Ride in my Galaxy Racer............
Attached Image
The More You Learn, The More You Earn.....
  • #16,529
  • Nov 27, 2012 10:18pm Nov 27, 2012 10:18pm
Quoting HelloOz
Is it safe to short at 045 and tp at 042?
I need 2nd opinion
short 0452-0465 zone
  • #16,530
  • Nov 27, 2012 10:18pm Nov 27, 2012 10:18pm
Quoting DaddyBear
In fact, I don't think a H/S pattern will be formed. My rationale is that a H/S is a topping pattern. IMO, a top formed before a test of 1.05xx may not be in the cards.
Agree.
  • #16,531
  • Nov 27, 2012 10:19pm Nov 27, 2012 10:19pm
Quoting HelloOz
Is it safe to short at 045 and tp at 042?
I need 2nd opinion
Why did you want to short at 045?
daddybearforex. com
  • #16,532
  • Nov 27, 2012 10:20pm Nov 27, 2012 10:20pm
Quoting forexalien
See everyone in the morning, I have to go and take an Instrument Check Ride in my Galaxy Racer............
Is morning now.
  • #16,533
  • Nov 27, 2012 10:20pm Nov 27, 2012 10:20pm
Quoting DaddyBear
In fact, I don't think a H/S pattern will be formed. My rationale is that a H/S is a topping pattern. IMO, a top formed before a test of 1.05xx may not be in the cards.
There is one possibility.
Right shoulder is dislocated and move above head lol
  • #16,534
  • Nov 27, 2012 10:21pm Nov 27, 2012 10:21pm
Quoting DaddyBear
Why did you want to short at 045?
is end of wave 4 and next is the wave 5 down H1
  • #16,535
  • Nov 27, 2012 10:22pm Nov 27, 2012 10:22pm
Quoting DaddyBear
Why did you want to short at 045?
Because my next entry level for long is 041/2
Short at this level seems risky thats why i ask for 2nd opinion
  • #16,536
  • Nov 27, 2012 10:22pm Nov 27, 2012 10:22pm
Quoting HelloOz
There is one possibility.
Right shoulder is dislocated and move above head lol
Can you post your chart with a dislocated RS?
daddybearforex. com
  • #16,537
  • Nov 27, 2012 10:27pm Nov 27, 2012 10:27pm
Quoting Tim_isoara
is end of wave 4 and next is the wave 5 down H1
You may think most waves are impulsive i.e. 1-2-3-4-5. But, in fact, most waves are corrective. Last wave was not wave 4 and there is no wave 5 to be formed. IMO
daddybearforex. com
  • #16,538
  • Nov 27, 2012 10:29pm Nov 27, 2012 10:29pm
Quoting HelloOz
Because my next entry level for long is 041/2
Short at this level seems risky thats why i ask for 2nd opinion
My question was regarding the possibility of a test of 041/2. Why are you so sure they will be reached?
daddybearforex. com
  • #16,539
  • Nov 27, 2012 10:40pm Nov 27, 2012 10:40pm
My short term projection is below. A "N" pattern is likely too form in these two days before heading north. I wouldn't consider this is a H/S pattern IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-112712-H4.JPG Size: 92 KB
daddybearforex. com
  • #16,540
  • Nov 27, 2012 10:43pm Nov 27, 2012 10:43pm
Quoting forexalien
This Chart Blows My Antennas Away Every Time I Look At It.......
1996 we were at 5 trillion in debt..............15 short years , 16 trillion.....
Lovely chart.

This website is a complete freak show:

http://www.usdebtclock.org/
.
and this one is interesting:

http://bankimplode.com/

I guess 507 banks were not on the A list to receive bailouts.

Happy Trades,
fxstir
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