Yeah really failed to close above BRN
Cable Update (GBPUSD)
- #349,422
- Oct 18, 2013 8:11am Oct 18, 2013 8:11am
- Joined Jan 2009 | Status: Pharaoh | 1,612 Posts
Don't have an ego. Always question yourself and your ability.
- #349,424
- Oct 18, 2013 10:00am Oct 18, 2013 10:00am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
{quote} nothing "best seller".....
Always looking the GREAT, never left GOOD Point...
- #349,425
- Oct 18, 2013 10:04am Oct 18, 2013 10:04am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} I have never seen this kind of thinking before...................I am not saying it is wrong.............
The wedge is more common in equities:
- simple reason being a lot of equities trend up with time;
- so this means the appearance of a H&S is watched very closely in that trading arena because if it fails its a wedge;
- the wedge is a known high probability trade 66% chance of success so formation of high interest
There was another anomaly noted on the Stochastics prior to the big breakout and that was a wedging pattern where the stocks diverged positively and negatively, that's unusual and worth remembering
Have a good weekend all
G/L
- #349,426
- Oct 18, 2013 10:07am Oct 18, 2013 10:07am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
{quote} @Alien The wedge is more common in equities: simple reason being a lot of equities trend up with time; so this means the appearance of a H&S is watched very closely in that trading arena because if it fails its a wedge; the wedge is a known high probability trade 66% chance of success so formation of high interestThere was another anomaly noted on the Stochastics prior to the big breakout and that was a wedging pattern where the stocks diverged positively and negatively, that's unusual and worth remembering Have a good weekend all
The More You Learn, The More You Earn.....
- #349,427
- Oct 18, 2013 10:11am Oct 18, 2013 10:11am
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #349,429
- Oct 18, 2013 10:25am Oct 18, 2013 10:25am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
{quote}
85% Traders are having much to Loose
10% Traders just Break Even (BE)
5% Traders who scored Advantage
I'm not surprised anymore...
Always looking the GREAT, never left GOOD Point...
- #349,430
- Oct 18, 2013 10:35am Oct 18, 2013 10:35am
{quote} The REPORT proves that : 85% Traders are having much to Loose 10% Traders just Break Even (BE) 5% Traders who scored Advantage I'm not surprised anymore...
yep.......but whatever it is, I hope we all find success.
because we all have been trying............................................
- #349,431
- Oct 18, 2013 10:39am Oct 18, 2013 10:39am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
{quote} I have never seen this kind of thinking before...................I am not saying it is wrong.............
Always looking the GREAT, never left GOOD Point...
- #349,433
- Oct 18, 2013 11:25am Oct 18, 2013 11:25am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
{quote} u watch out man!! ..im coming
http://www.forexfactory.com/showthre...0378&page=8736
Always looking the GREAT, never left GOOD Point...
- #349,435
- Oct 18, 2013 11:56am Oct 18, 2013 11:56am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Brother, remind you again on the incident some years previously...
im still coming
I had a few good laughs today, have a nice weekend everyone!
- #349,436
- Oct 18, 2013 11:59am Oct 18, 2013 11:59am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #349,437
- Oct 18, 2013 1:19pm Oct 18, 2013 1:19pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
{quote} i dont trade out of emotion..and am in control..i believe the mofo will fall..just need to stick to my plan ..until she decided to do something which makes me think different
New voice message: Why are you calling me? If I need you, I'll call you!
- #349,438
- Oct 18, 2013 1:58pm Oct 18, 2013 1:58pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #349,439
- Oct 18, 2013 2:22pm Oct 18, 2013 2:22pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
GU 1H
Caution
We starred in this movie yesterday (its not a H&S)
possible positive continuation after falling wedge, if it breaks to the upside after forming 50% of the (r) shoulder the wedge confirms
If price breaks down ... its simply trending down (no target can be defined as per H&S) check 1HR RSI and stochs for confluence (Bullish)
Wait
G/L
Caution
We starred in this movie yesterday (its not a H&S)
possible positive continuation after falling wedge, if it breaks to the upside after forming 50% of the (r) shoulder the wedge confirms
If price breaks down ... its simply trending down (no target can be defined as per H&S) check 1HR RSI and stochs for confluence (Bullish)
Wait
G/L
