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  • #812,461
  • Jul 5, 2013 9:16am Jul 5, 2013 9:16am
Quoting Taigen
I find it amazing that capricious unemployment numbers can make such a sway. The Feds (U.S.) unemployment game is so silly but it does move markets. The stats are based on alternative measures so the government (Obama) gets to pick and choose what brings him into the most favorable light. The joke is that he is trying to convince everyone that our unemployment is not in the double digits. Actually he's doing a pretty good job but in reality there is no recovery and no job increase (at least relative to the job market population). Oh well, I did...

had a bad day?.. are you saying all the bean counters from many administrations are allowing this. if your a bad trader its u.
those who can, do. those who cant, talk about those who can
  • #812,462
  • Jul 5, 2013 9:17am Jul 5, 2013 9:17am
Quoting ffleo
{quote} if the H&S fails it would be in my favor. if it works this time i will have to close my long positions.

it is just that some funds want to play the H&S pattern, and some other funds want to defend the level and buy low. whoever have deeper pocket who wins.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #812,463
  • Jul 5, 2013 9:22am Jul 5, 2013 9:22am
Quoting godim
{quote} The euro is at the level of the "last line of defense." {image}
The euro went into DownTrend.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 70 KB

Let the game of support and resistance continue.
Resistances at 2846 and 2869.
Support 2792.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #812,464
  • Jul 5, 2013 9:22am Jul 5, 2013 9:22am
Quoting ffleo
{quote} in ur opinion, is sp500 at present level high or low?

i have already posted that weeks ago.. the dow has reached target. the s/p has not.. i dont have enough info for more targets atm
those who can, do. those who cant, talk about those who can
  • #812,465
  • Edited 2:17pm Jul 5, 2013 9:24am | Edited 2:17pm
S EU @.2857, S AU @.9122.

Stops @BE, going for a walk. You guys better do the same and let the markets do their job.

Hope you had fun and nice weekend to you all.
Quant Hedge Fund CEO
  • #812,466
  • Jul 5, 2013 9:24am Jul 5, 2013 9:24am
Quoting ffleo
{quote} it is just that some funds want to play the H&S pattern, and some other funds want to defend the level and buy low. whoever have deeper pocket who wins.
but i agree that the H&S pattern is not easy to work out in this case. the neck line is a slightly upward trendline, there are many levels to break for the H&S to work out.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #812,467
  • Jul 5, 2013 9:25am Jul 5, 2013 9:25am
Quoting gatorinla
{quote} show me one that has worked. then with the same rules. how many have failed?
got an academic paper somewhere disproving Head and Shoulders pattern big time...
Quant Hedge Fund CEO
  • #812,468
  • Jul 5, 2013 9:27am Jul 5, 2013 9:27am
EU Uptaded

http://500euroalgiorno.blogspot.it/2...ornamento.html
500euroalgiorno.wordpress com
  • #812,469
  • Jul 5, 2013 9:28am Jul 5, 2013 9:28am
Quoting FXMastermind
S EU @.2957, S AU @.9122. Stops @BE, going for a walk. You guys better do the same and let the markets do their job. Hope you had fun and nice weekend to you all.
i think i will change my trading style to match yours.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #812,470
  • Jul 5, 2013 9:29am Jul 5, 2013 9:29am
Quoting godim
{quote} The chart is gbp/usd If there is a breakthrough. {image} And show something. From yellow to yellow.
After the breakthrough the cable passed in "a free fall."

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 71 KB


I wish you a nice weekend!
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #812,471
  • Jul 5, 2013 9:32am Jul 5, 2013 9:32am
Quoting ffleo
{quote} it is just that some funds want to play the H&S pattern, and some other funds want to defend the level and buy low. whoever have deeper pocket who wins.
pull out all the eu charts u want.. it dont change this. before 911, and inflated printing the eu was at .8 and headed down.

http://www.forexfactory.com/showthre...80#post6797180
those who can, do. those who cant, talk about those who can
  • #812,472
  • Jul 5, 2013 9:33am Jul 5, 2013 9:33am
Quoting godim
{quote} After the breakthrough the cable passed in "a free fall." {image} I wish you a nice weekend!
It doesn't, if it can't close < 4830.7 on Sunday... I doubt it will today, but who knows, 60 more pips are doable, though unlikely.
  • #812,473
  • Jul 5, 2013 9:33am Jul 5, 2013 9:33am
Quoting godim
{quote} After the breakthrough the cable passed in "a free fall." {image} I wish you a nice weekend!

42xx
those who can, do. those who cant, talk about those who can
  • #812,474
  • Jul 5, 2013 9:34am Jul 5, 2013 9:34am
Quoting ffleo
{quote} i think i will change my trading style to match yours.
YouŽd better find out what works for you and your personality and stick with that. Copying never really worked in trading...
Quant Hedge Fund CEO
  • #812,475
  • Jul 5, 2013 9:38am Jul 5, 2013 9:38am
Quoting FXMastermind
{quote} got an academic paper somewhere disproving Head and Shoulders pattern big time...

no comment
those who can, do. those who cant, talk about those who can
  • #812,476
  • Jul 5, 2013 9:57am Jul 5, 2013 9:57am
Quoting FXMastermind
{quote} got an academic paper somewhere disproving Head and Shoulders pattern big time...
most "academic" (is that peer-reviewed?) papers on fx aim to determine the statistical likelihood of success (the expectation value) using a particular strategy. they seldom try to tease out the underlying mechanism - which is an unmitigated good. personally, i only care in proportion to what's at stake. H+S is a joke if 50p is at risk.

here, today and next week, we're looking at a potential drop of >1000p! i don't care if H+S patterns only work 1/3 of the time ... what i see H+S-wise is gonna get some consideration every trade i make.
  • #812,477
  • Jul 5, 2013 10:06am Jul 5, 2013 10:06am
4 Years symmetrical targets are still very far , anyone looking the Cable on these levels? long term chart pattern indicating that its going to test 1.4350 and 1.3512
Attached Image (click to enlarge)
Click to Enlarge Name: cable month.png Size: 20 KB
  • #812,478
  • Jul 5, 2013 10:09am Jul 5, 2013 10:09am
Quoting 1candlepower
{quote} most "academic" (is that peer-reviewed?) papers on fx aim to determine the statistical likelihood of success (the expectation value) using a particular strategy. they seldom try to tease out the underlying mechanism - which is an unmitigated good. personally, i only care in proportion to what's at stake. H+S is a joke if 50p is at risk. here, today and next week, we're looking at a potential drop of >1000p! i don't care if H+S patterns only work 1/3 of the time ... what i see H+S-wise is gonna get some consideration every trade i make....
IMO, the real identifier of a H&S... is the HL it creates on the right shoulder. Breaking the lows then gives you a LL and the potential start of the next down trend.
  • #812,479
  • Jul 5, 2013 10:16am Jul 5, 2013 10:16am
next week gonna be semi bullish
been there done that, Good Bye
  • #812,480
  • Jul 5, 2013 10:17am Jul 5, 2013 10:17am
No LL so far. I'm still bullish <--- idiot.
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