- #771,442
- Mar 14, 2013 6:30am Mar 14, 2013 6:30am
- Joined Mar 2012 | Status: Trader | 2,310 Posts
Just when I tought it couldn't get any worse than "I don't know how to calculate pivs...?" from Rocker last night now someone is asking what "price action" is... Nothing new and surprising in muppetsville...
or did you enjoy your scotch to much while reading my posts?Would you please show me when and in which post of mine i said " I dont know how to calculate pivs....?
I really want to see it. Thanks
Take care
- #771,444
- Mar 14, 2013 6:32am Mar 14, 2013 6:32am
- | Membership Revoked | Joined Feb 2013 | 1,307 Posts
LOL
better ask uncle google then asking you. of course i know what price action is. i'm just kidding coz u know if the price want to reach my TP its like watching football and waiting for goal.
nice analogy "You're solid gold, see you in hell"
- #771,446
- Mar 14, 2013 6:35am Mar 14, 2013 6:35am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
- #771,447
- Mar 14, 2013 6:37am Mar 14, 2013 6:37am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
2795 is the head and shoulders target with some support at 2909 / 2893 / 2874 / 2839. Pressure still seems to be down at the moment.
Hi Pegasus...
Sorry bro, but you're not quite right...
There MUST be one important factor met to create H&S pattern.
It must only be in UPTREND, so we can't consider this as Head and Shoulders, even if this may look similar to.
We are in DOWNTREND, so we can only look for inverted H&S patterns...
otherwise it doesn't make much sense
Read Charts - Not Papers
- #771,449
- Mar 14, 2013 6:40am Mar 14, 2013 6:40am
- | Joined Feb 2013 | Status: Crazy Scalper | 1,576 Posts
Everything in the world has its own rhytms
- #771,452
- Mar 14, 2013 6:42am Mar 14, 2013 6:42am
- | Joined Feb 2013 | Status: Crazy Scalper | 1,576 Posts
Today/tomorrow...?
Everything in the world has its own rhytms
- #771,453
- Mar 14, 2013 6:44am Mar 14, 2013 6:44am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Usually signifies a continuation pattern when in a downtrend.
By definition H&S is a trend-reversal pattern, so it's a signal of trend loosing its power and making U-Turn...
This is why some traders say that H&S didn't work... while in fact it wasn't H&S
Read Charts - Not Papers
- #771,455
- Mar 14, 2013 6:46am Mar 14, 2013 6:46am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
anyone dare to scalp 10 pips on eu now? i expect eu will retrace to 40s or at least 30.
personally i dont. but i do hope eu retrace to 30s to consider entering another short
- #771,458
- Mar 14, 2013 6:48am Mar 14, 2013 6:48am
So maybe this is a combination of other patterns looking similar.
By definition H&S is a trend-reversal pattern, so it's a signal of trend loosing its power and making U-Turn...
This is why some traders say that H&S didn't work... while in fact it wasn't H&S
As with everything in the mkt, it isnt always true.The ONLY thing that is EVER correct in the mkt is the mkt. (even when we think we are right, the mkt has the final say so we must not take it personally when things do not work out)
REQUESTING NO VOUCHES.Vouches are useless.
- #771,460
- Mar 14, 2013 6:49am Mar 14, 2013 6:49am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
Is that you in the avatar?
