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  • #730,021
  • Dec 11, 2012 3:10am Dec 11, 2012 3:10am
Quoting geniusztc
that is brilliant. but why did you draw the neck line like that ?how about 1.3000. just my point.
1.30 is key resistance.

see this for H&S http://www.babypips.com/school/head-and-shoulders.html

My H&S is this. having 1.30 as the determinant of whether this pattern plays or not.

Couple more, same pa forecast, different reason

3rd one is my favourite, where B is at the maximum point, 1.30.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H&S EU.jpg Size: 222 KB
Click to Enlarge Name: H&S EU neck 1.29XX.PNG Size: 66 KB
Click to Enlarge Name: EU ABC.PNG Size: 69 KB
Even the worst trade can close with profit. Just give it time.
  • #730,022
  • Dec 11, 2012 3:10am Dec 11, 2012 3:10am
Quoting Chicky
It's not that difficult. All you need is a pencil and a ruler.............. Take it wherever you want. However, make sure you have justification............... any justification will do.
pencil important, then you can change anything you've done wrong
Even the worst trade can close with profit. Just give it time.
  • #730,023
  • Dec 11, 2012 3:12am Dec 11, 2012 3:12am
how about that ..
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 34 KB
looking for investors . pm me
  • #730,024
  • Dec 11, 2012 3:13am Dec 11, 2012 3:13am
Quoting Chicky
It's not that difficult. All you need is a pencil and a ruler.............. Take it wherever you want. However, make sure you have justification............... any justification will do.
yes,it is.BUT,if we expect a head and shoulder pattern,1.30 is the 50% fib of this short term bearish.and 1.30 is where we have the equal altitude shoulder. most of human being have the equal altitude shoulder. lol.
A chart helps those who can read it.
  • #730,025
  • Dec 11, 2012 3:18am Dec 11, 2012 3:18am
Quoting kbmoonshinex
how about that ..
where did the lower line come from?

parallel channel?
Even the worst trade can close with profit. Just give it time.
  • #730,026
  • Dec 11, 2012 3:19am Dec 11, 2012 3:19am
Quoting kbmoonshinex
how about that ..
thaa straight line!!

hows everything KB. very cold in your country? we had -10 in the morning
  • #730,027
  • Dec 11, 2012 3:19am Dec 11, 2012 3:19am
Quoting John Gray
where did the lower line come from?

parallel channel?
Yes
looking for investors . pm me
  • #730,028
  • Dec 11, 2012 3:19am Dec 11, 2012 3:19am
Quoting geniusztc
yes,it is.BUT,if we expect a head and shoulder pattern,1.30 is the 50% fib of this short term bearish.and 1.30 is where we have the equal altitude shoulder. most of human being have the equal altitude shoulder. lol.
unless there is a sloped neckline, like this AU for instance. *People can shrug

pics are not re-made for this post, they are from earlier today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H&S AU.jpg Size: 185 KB
Click to Enlarge Name: AU alternative scenario.jpg Size: 206 KB
Even the worst trade can close with profit. Just give it time.
  • #730,029
  • Dec 11, 2012 3:20am Dec 11, 2012 3:20am
Quoting kbmoonshinex
Yes
Okay,

any reason not to bounce of 1.30, or is 1.304 the last chance before you change your bias?
Even the worst trade can close with profit. Just give it time.
  • #730,030
  • Dec 11, 2012 3:20am Dec 11, 2012 3:20am
Quoting 21vs7
thaa straight line!!

hows everything KB. very cold in your country? we had -10 in the morning
Hy bro

everything good. i am in green all days ;]

-3 for now. yesterday was -11 ;]

hows your trading ?
looking for investors . pm me
  • #730,031
  • Dec 11, 2012 3:22am Dec 11, 2012 3:22am
the supposed head & shoulder on eur/usd is a text book trade but will it be the way market is going i doubt it very much though it could happen dont take it for granted and remember that if this is wave b it could take it to the top and if we r in a traingle shaped pattern as wave a was 50% of the whole move from 1.2650 to 1.313 and the time of the year we r in all these reasons i m looking for higher prices to build the traingle and 1.288 wont be broken for that pattern to shape
  • #730,032
  • Dec 11, 2012 3:22am Dec 11, 2012 3:22am
Quoting John Gray
Okay,

any reason not to bounce of 1.30, or is 1.304 the last chance before you change your bias?
reason. H4 resistance to test. but it can go down from 3000 . 2 ways we have. lets see how price comes to these levels
looking for investors . pm me
  • #730,033
  • Dec 11, 2012 3:23am Dec 11, 2012 3:23am
Quoting geniusztc
yes,it is.BUT,if we expect a head and shoulder pattern,1.30 is the 50% fib of this short term bearish.and 1.30 is where we have the equal altitude shoulder. most of human being have the equal altitude shoulder. lol.
1.3200 ------->1.3500
http://assets1.sparkrebel.com/assets...38e38f23.l.png

1.2850 1.2660 1.2880
  • #730,034
  • Dec 11, 2012 3:23am Dec 11, 2012 3:23am
Quoting kbmoonshinex
Hy bro

everything good. i am in green all days ;]

-3 for now. yesterday was -11 ;]

hows your trading ?
doing great also in last months again..had one red week otherwizze greenish here also. gonna play it the whole december so no hollidays for me only last week in december and few days over the week for skiing reasons here
  • #730,035
  • Dec 11, 2012 3:24am Dec 11, 2012 3:24am
relax.
Attached Image (click to enlarge)
Click to Enlarge Name: morgan stanley.jpg Size: 358 KB
A chart helps those who can read it.
  • #730,036
  • Dec 11, 2012 3:27am Dec 11, 2012 3:27am
Quoting 21vs7
doing great also in last months again..had one red week otherwizze greenish here also. gonna play it the whole december so no hollidays for me only last week in december and few days over the week for skiing reasons here
about holidays- same like you ..

sometimes green sometimes red. but its good that in the end of the month you are in green . thats nice ;]
looking for investors . pm me
  • #730,037
  • Dec 11, 2012 3:27am Dec 11, 2012 3:27am
Quoting fylaxtas
A good sell opportunity is arising under the 4-Hour timeframe.

-Trend indicators are pointing down
-Wave (Short Term) indicators are pointing Up indicating the pair is following a correction
-Extreme indicators are showing overbought meaning it may start dropping again
-What is more the chart pattern is close to forming a Head and Shoulders pattern once the 1.2880 resistance level is breached which could bring the pair much lower.
I think that head and shoulders has to be at the top or bottom of a trend to work don't it?!
Trading comes quickly, patience and discipline does not!
  • #730,038
  • Dec 11, 2012 3:28am Dec 11, 2012 3:28am
above 2960 looking to short.scalp
looking for investors . pm me
  • #730,039
  • Dec 11, 2012 3:28am Dec 11, 2012 3:28am
Weeee...2958 target reached on 2941 buy orders. Was hoping for a wide spread up bar like this.

Edit: am also short @58.
  • #730,040
  • Dec 11, 2012 3:32am Dec 11, 2012 3:32am
Quoting kbmoonshinex
above 2960 looking to short.scalp
I think we will see 299x to 302x zone, watch 72 now....
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