Attachments: EURUSD

EURUSD

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#825,601
Aug 14, 2013 9:18am Aug 14, 2013 9:18am

cspip
| Joined Aug 2009 | Status: Trader | 1,871 Posts

Quoting attila

Disliked

{quote} I don't have an inverted hammer on h4 but academically speaking, it needs confirmation, if the next candle closes above or whatever, then it's bullish, as bullish as candles can be in this range.. in other words, means exactly nothing.

Ignored

shorting till 1.3140

#825,602
Aug 14, 2013 9:18am Aug 14, 2013 9:18am

Pharm0r
Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts

Quoting attila

Disliked

{quote} I don't have an inverted hammer on h4 but academically speaking, it needs confirmation, if the next candle closes above or whatever, then it's bullish, as bullish as candles can be in this range.. in other words, means exactly nothing.

Ignored

I wouldnt really call it an inverted hammer, but I see what he's saying...it's close. Regardless I think you have to look at the context of it. It was formed from the 3270 rejection, which as I said will probably be hit again. While it's normally a potential bullish reversal pattern, I think in this context it is just suggesting the retest of 3270.

#825,603
Aug 14, 2013 9:19am Aug 14, 2013 9:19am

Starry
| Joined Feb 2011 | Status: Trader | 1,204 Posts

Quoting attila

Disliked

{quote} I don't have an inverted hammer on h4 but academically speaking, it needs confirmation, if the next candle closes above or whatever, then it's bullish, as bullish as candles can be in this range.. in other words, means exactly nothing.

Ignored

its an inverted hammer on GMT- 6, in this time zone the 4 hour bar closed at 11:00 CST. I was checking my oanda account on my phone and it looked quite juicy, with a bullish body

Im home now and it looks like it will form an inverted hammer on my GMT-5 (CST) chart

#825,604
Aug 14, 2013 9:20am Aug 14, 2013 9:20am

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Quoting Pharm0r

Disliked

{quote} I wouldnt really call it an inverted hammer, but I see what he's saying...it's close. Regardless I think you have to look at the context of it. It was formed from the 3270 rejection, which as I said will probably be hit again. While it's normally a potential bullish reversal pattern, I think in this context it is just suggesting the retest of 3270.

Ignored

I don't trade candles, but I do know them.. I have to know what the enemy sees..

#825,605
Aug 14, 2013 9:20am Aug 14, 2013 9:20am

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Quoting Starry

Disliked

{quote} its an inverted hammer on GMT- 6

Ignored

fine.

#825,606
Aug 14, 2013 9:21am Aug 14, 2013 9:21am

Pharm0r
Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts

Quoting attila

Disliked

{quote} I don't trade candles, but I do know them.. I have to know what the enemy sees..

Ignored

You dont need lines either right?

#825,607
Aug 14, 2013 9:25am Aug 14, 2013 9:25am

ffleo
| Membership Revoked | Joined May 2013 | 7,946 Posts

Quoting attila

Disliked

{quote} I don't trade candles, but I do know them.. I have to know what the enemy sees..

Ignored

not nice calling people out.

ignore wackos and psychos, including myself. But I can't add myself to iggy

#825,608
Aug 14, 2013 9:26am Aug 14, 2013 9:26am

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Quoting Pharm0r

Disliked

{quote} You dont need lines either right?

Ignored

same reason... really.. so I know where the fight is.. I showed my intraday chart earlier... it's what I trade.. highs/lows/break outs.. that's that. anyway, now it's nap time... caffeine is wearing off.

and btw, trendlines are very powerful if you know what you're doing.. go back a few months.. got some posts on them.

#825,609
Aug 14, 2013 9:26am Aug 14, 2013 9:26am