DislikedI thought H&S were not profitable ? Why you keep trading them...?Ignored
As the lights go by so too do the shadows move
- #888,201
- Apr 7, 2014 4:07am Apr 7, 2014 4:07am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #888,202
- Apr 7, 2014 4:13am Apr 7, 2014 4:13am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} It's not H&S alone I trade but if it confirms other data I have on chart then it's definitely a setup. eg. the EU has touched some serious daily/weekly support levels that could trigger long, at least in the short term. Also the H&S has to be correct ie not in correlation and preferably with a smaller right shoulder than the left (LH bear or HL bull).
(Cos I can be often wrong, refer to signature)
As the lights go by so too do the shadows move
- #888,204
- Apr 7, 2014 4:30am Apr 7, 2014 4:30am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #888,205
- Apr 7, 2014 4:31am Apr 7, 2014 4:31am
- 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!
- #888,206
- Apr 7, 2014 4:33am Apr 7, 2014 4:33am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #888,207
- Apr 7, 2014 4:37am Apr 7, 2014 4:37am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} lets see, you are looking to trade NU potential H&S setup, against an already confirmed inverted H&S on AU? and against UCAD market top ? sounds like a good plan, good luck!http://www.forexfactory.com/showthre...50#post7386750 http://www.forexfactory.com/showthre...41#post7386341 http://www.forexfactory.com/showthre...76#post7385276
I posted a Kiwi H&S on dailly "could" be developing, which as per H&S trading means nothing until the neckline comes into play, if she continues up and makes a new high the H&S is negated, neckline means nothing, nothing gained nothing lost.
I do watch UC but only trade GC because the USD is too unreliable, your UC chart has yet to playout as per your chart, she is presently printing a rising channel with her "right now" bouncing of the ltl of the channel, rising channels are "bullish" aka HH HL etc if the ltl is breached retested and a LL is printed and holds, the channel becomes a "Bear Flag" with new dynamics and new targets
I would be happy for you to be correct as this would support CAD appreciating which will help my GC shorts, but right now the channal is in play and valid
As for Aussie higher timeframes daily and weekly yes I am bullish, but lower timeframes dynamics are different, 1hr she is printing a falling channel @ resistance, which as above is bearish until dynamics change similar to UC breaks north Utl of channel, new HH HL it becomes a bullflag, so forex is fluid, even without manipulations, if a trade presents, take it, if it dosnt, dont, never go broke not trading, the only gaurantee in forex is you "WILL" get it wrong, often, sometimes tooo often
and luck has nothing to do with trading, beleive me, if someone gets a trade right, its because their cleverness, if they get it wrong, its because heir bad luck, shitty pa, manipulation etc
If you are new to Forex? Say Goodbye to your account!!
- #888,211
- Apr 7, 2014 4:54am Apr 7, 2014 4:54am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
MOMENT
