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USD/JPY Discussion

  • #32,861
  • Jan 23, 2013 4:54pm Jan 23, 2013 4:54pm
hey guys, isn't it a head and shoulder happening on daily bars?
  • #32,862
  • Jan 23, 2013 5:12pm Jan 23, 2013 5:12pm
Quoting gt21
hey guys, isn't it a head and shoulder happening on daily bars?
if that pattren is head and shoulder , we must wait to create another shoulder till 90.25 and after that , down ......
wait the Trade Balance and then everythig will be clear..... iff it was positive , you will see 88.00 or down ,,,,,,,,,,, but if it negative it will see again 90.25 or up.....
  • #32,863
  • Jan 23, 2013 5:52pm Jan 23, 2013 5:52pm
Quoting mini_forex
if that pattren is head and shoulder , we must wait to create another shoulder till 90.25 and after that , down ......
wait the Trade Balance and then everythig will be clear..... iff it was positive , you will see 88.00 or down ,,,,,,,,,,, but if it negative it will see again 90.25 or up.....

negative...

i think continue the up trend
  • #32,864
  • Jan 23, 2013 6:12pm Jan 23, 2013 6:12pm
Head and shoulders is something hardly worth arguing over. It rarely plays out and is about as subjective as elliott wave "analysis".
  • #32,865
  • Jan 23, 2013 6:41pm Jan 23, 2013 6:41pm
Quoting Kanzler
Head and shoulders is something hardly worth arguing over. It rarely plays out and is about as subjective as elliott wave "analysis".
Elliott wave bashing eh? I have used it successfully

Olu
If you think you can or cannot do it you are correct
  • #32,866
  • Edited 7:19pm Jan 23, 2013 7:02pm | Edited 7:19pm
Quoting Olu
Elliott wave bashing eh? I have used it successfully

Olu
A very compelling argument you have. When I find two independent Elliott wave traders who can agree on wave count and have become wealthy by their use of this "theory" that left Ralph Nelson Elliott himself dirt poor by his death, I may take another look at it. Borrowing a paragraph from David Aronson,

"The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong."

Anybody who seriously falls for this one size fits all retrospective nonsense deserves what they get.
  • #32,867
  • Jan 23, 2013 10:43pm Jan 23, 2013 10:43pm
this pair has huge moves, well above the averages, a currency war is taking place
  • #32,868
  • Jan 24, 2013 1:16am Jan 24, 2013 1:16am
Quoting Goldflake
Took a small long in london session @ 88.30 level. markets looks like in process of double top. target is 90.30
Booked profit @ 89.30. Expecting some retracement here.
When Scalpers win, I lose and Vice varsa...
  • #32,869
  • Edited 2:13am Jan 24, 2013 2:03am | Edited 2:13am
Quoting Kanzler
A very compelling argument you have. When I find two independent Elliott wave traders who can agree on wave count and have become wealthy by their use of this "theory" that left Ralph Nelson Elliott himself dirt poor by his death, I may take another look at it. Borrowing a paragraph from David Aronson,

"The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong."

Anybody who seriously falls for this one size fits all retrospective nonsense deserves what they get.

Rather than insult those who clearly have a better understanding of standard forms of technical analysis like Eliot waves and head and shoulders patterns, why not learn from them?

If you're unwilling to do that, then refer to rule one of the user guide and keep your comments to yourself.

Forex Factory User Guide:
Membership Rules Rule #1: Respect Thy Fellow Trader
You can always make money tomorrow provided you don't lose it today.
  • #32,870
  • Jan 24, 2013 2:39am Jan 24, 2013 2:39am
Quoting KADC
Rather than insult those who clearly have a better understanding of standard forms of technical analysis like Eliot waves and head and shoulders patterns, why not learn from them?

If you're unwilling to do that, then refer to rule one of the user guide and keep your comments to yourself.

Forex Factory User Guide:
Membership Rules Rule #1: Respect Thy Fellow Trader
There were no personal attacks in my post and while the arguments I present may sting they in no way constitute an "insulting" post. Perhaps instead of playing mini-mod on the forum you either mind your own business or come up with an argument to counter what I posted. I'm happy to discuss things but I will not have some random person giving me a lecture on forum etiquette.

Also, seems that daily pin is working out pretty well, up 50 points for the first part of the day.
  • #32,871
  • Jan 24, 2013 4:10am Jan 24, 2013 4:10am
took a buy at 89.21

target 89.96
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Forex Learner
  • #32,872
  • Jan 24, 2013 4:20am Jan 24, 2013 4:20am
Quoting Kanzler
There were no personal attacks in my post and while the arguments I present may sting they in no way constitute an "insulting" post. Perhaps instead of playing mini-mod on the forum you either mind your own business or come up with an argument to counter what I posted. I'm happy to discuss things but I will not have some random person giving me a lecture on forum etiquette.

Also, seems that daily pin is working out pretty well, up 50 points for the first part of the day.
Hi Kanzler and KADC

No insult felt. Just traders discussing stuff

Olu
If you think you can or cannot do it you are correct
  • #32,873
  • Jan 24, 2013 4:20am Jan 24, 2013 4:20am
- Dollar/Yen H1:
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  • #32,874
  • Jan 24, 2013 4:22am Jan 24, 2013 4:22am
Quoting Olu
Hi Kanzler and KADC

No insult felt. Just traders discussing stuff

Olu
Excellent. I probably shouldn't have brought it up to begin with, this isn't the appropriate venue. Best wishes on your trades,

Kanzler
  • #32,875
  • Jan 24, 2013 4:39am Jan 24, 2013 4:39am
Quoting Ziko9o8
- Dollar/Yen H1:
Will we see a right shoulder for a downmove?
If you think you can or cannot do it you are correct
  • #32,876
  • Jan 24, 2013 4:45am Jan 24, 2013 4:45am
Quoting Olu
Will we see a right shoulder for a downmove?
sorry couldnt resist :

have you seen saint statue move ?!?!!?? Proof : XXX good exist !!!!
  • #32,877
  • Jan 24, 2013 4:53am Jan 24, 2013 4:53am
Quoting macroman
sorry couldnt resist :

have you seen saint statue move ?!?!!?? Proof : XXX good exist !!!!

Macroman

You lost me completely. Excuse my ignorance. Elaborate please...

Olu
If you think you can or cannot do it you are correct
  • #32,878
  • Jan 24, 2013 5:00am Jan 24, 2013 5:00am
Quoting Olu
Macroman

You lost me completely. Excuse my ignorance. Elaborate please...

Olu
seeing order in randomness. Similar to seeing religuous statues move and then taking this as a sign of something.

hope you not offended ...

anyway, good traders are all humble so I trust you one of them... I wouldnt not comment if i thought you are not good.
  • #32,879
  • Jan 24, 2013 5:02am Jan 24, 2013 5:02am
Quoting macroman
seeing order in randomness. Similar to seeing religuous statues move and then taking this as a sign of something.

hope you not offended ...

anyway, good traders are all humble so I trust you one of them...
No offence taken
If you think you can or cannot do it you are correct
  • #32,880
  • Jan 24, 2013 5:13am Jan 24, 2013 5:13am
Quoting macroman
seeing order in randomness. Similar to seeing religuous statues move and then taking this as a sign of something.

hope you not offended ...

anyway, good traders are all humble so I trust you one of them... I wouldnt not comment if i thought you are not good.

Hi Macroman

Its just the way I trade. I look for recognisable patterns and trade them. Sometimes it is waaaaay to early that a lot of options are still possible. But then I prepare for them mentally that way. Just me thinking aloud. So I suppose you are right - 'seeing order in randomness' . Excellent saying.
If you think you can or cannot do it you are correct
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