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EURUSD

  • #988,481
  • May 12, 2015 11:10am May 12, 2015 11:10am
H&S is a non profitable pattern, i still wonder why people keep looking at it
COT: The precious data ignored
  • #988,482
  • May 12, 2015 11:13am May 12, 2015 11:13am
Quoting kuroro001
H&S is a non profitable pattern, i still wonder why people keep looking at it
So many get caught up in that right shoulder that never materializes and get burnt...

the trade is at the broken neckline...and it's better when traded on a retest of the neckline.....

Not meant for you, just in general.

Miss Pips has a good setup she posted
  • #988,483
  • May 12, 2015 11:17am May 12, 2015 11:17am
Really? But its most reliable pattern for reversal right?
  • #988,484
  • May 12, 2015 11:20am May 12, 2015 11:20am
Quoting Neqrotik
{quote} I still think its going to head lower. Its me against FXTyrant now XD. Just kidding.
Good luck, i dont see EU going down. Besides that he is also short if i understood correctly.
UJ meanwhile making LLs as expected with EU drifting higher...
  • #988,485
  • May 12, 2015 11:25am May 12, 2015 11:25am
Quoting GoBigShot
Really? But its most reliable pattern for reversal right?
It doesn't work because most people don't know how to recognize a real H&S. I can't blame them because i don't neither, but i don't care as pattern are sometimes working, something don't. Pattern probabilities are too low for me

And i can't tell if its the most reliable pattern, but on the long run its not profitable.

In here, you can hear people talking about H&S on every timeframe, up and down. Everybody can see his own H&S...annoying
COT: The precious data ignored
  • #988,486
  • May 12, 2015 11:27am May 12, 2015 11:27am
Quoting Pharm0r
{quote} So many get caught up in that right shoulder that never materializes and get burnt... the trade is at the broken neckline...and it's better when traded on a retest of the neckline..... Not meant for you, just in general. Miss Pips has a good setup she posted
That's because they think its a H&S, but its not.

Its like Harmonic pattern, they think its a crab, a bat or any other sick animal, but it rarely materialize, or it does...after the fact
COT: The precious data ignored
  • #988,487
  • May 12, 2015 11:27am May 12, 2015 11:27am
Quoting janpec1000
{quote} Good luck, i dont see EU going down. Besides that he is also short if i understood correctly. UJ meanwhile making LLs as expected with EU drifting higher...
Last suppport lvl was at 1150 - 1200 region.

I think the immediate danger for the shorts is that Euro moves up 100 pips higher from here and form a support there on the 4hr TF and higher. Bears will have too much work to do if that happens, making the chance of a return to 1.11 before 1.16 or higher very very slim.
  • #988,488
  • May 12, 2015 11:35am May 12, 2015 11:35am
Bullish pennants maybe?
Attached Image (click to enlarge)
Click to Enlarge Name: sketch-1431447709323.jpg Size: 274 KB
  • #988,489
  • May 12, 2015 11:54am May 12, 2015 11:54am
close above 1.126 dec hi apr low @38.2 break then to the upside
  • #988,490
  • May 12, 2015 11:57am May 12, 2015 11:57am
EUR/USD failed to break below the support at 1.1130 and consolidation continues. Whether or not the doji candlestick on the weekly filter chart is a signal that the pair will move to the downside again remains to be seen.
  • #988,491
  • May 12, 2015 11:57am May 12, 2015 11:57am
not longed yet ?
  • #988,492
  • May 12, 2015 12:01pm May 12, 2015 12:01pm
I ask myself why is it so taugh for some to wait for 1.12.. inner peace... inner peace..
Focus only on what truly matters!
  • #988,493
  • May 12, 2015 12:04pm May 12, 2015 12:04pm
Watching EU closely on the M5 chart :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 66 KB
  • #988,494
  • May 12, 2015 12:08pm May 12, 2015 12:08pm
Quoting fxmasterdxb
Watching EU closely on the M5 chart :nerd: {image}
aaaand watching AU on H4 chart as well :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4a.png Size: 82 KB
  • #988,495
  • May 12, 2015 12:08pm May 12, 2015 12:08pm
Quoting GoBigShot
Hard to understand on the image.. Still reading it hathor.. Hehe.. I keep waiting on the head amd shoulder pattern to understand it, but looks like it can extend hours to complete.. I Read on news, its possibly rally up to 1.35 back before going down.. Can this complete the pattern also?
I think this is not a proper H&S, it can be rather a double top (Two red circle):
EurUsd - H4
Attached Image (click to enlarge)
Click to Enlarge Name: 05_12_EurUsd.png Size: 21 KB


This gartley could mutate into a huge H&S, personally I'm waiting the pair to form something like this:
(You can find more about it in one of my previous post, note that it's a personal view, the devil does not sleep - so can't be sure in anything, every pattern can fail.)
EurUsd - Daily
Attached Image (click to enlarge)
Click to Enlarge Name: 05_12.png Size: 36 KB
f(z)=z2+c
  • #988,496
  • May 12, 2015 12:12pm May 12, 2015 12:12pm
Quoting Ata-Turkoglu
I ask myself why is it so taugh for some to wait for 1.12.. inner peace... inner peace..
Just 5 minutes ago I was talking with my self ''man dont panic , calm down , do not hurry up'' hahaha jsut wrote you post and LOL
  • #988,497
  • May 12, 2015 12:12pm May 12, 2015 12:12pm
Quoting Magicmen
Waiting to long again @1213 or short @1290
  • #988,498
  • May 12, 2015 12:13pm May 12, 2015 12:13pm
Think Market will be range bound for sometime
Losers Hope, Winners Believe
  • #988,499
  • May 12, 2015 12:14pm May 12, 2015 12:14pm
Quoting hathor
{quote} I think this is not a proper H&S, it can be rather a double top (two red circle): EurUsd - H4 {image} This gartley could mutate into a huge H&S, personally I'm waiting the pair to form something like this: (you can find more about it in one of my previous post, note that it's a personal view, the devil does not sleep - so can't be sure in anything. Every pattern can fail.) EurUsd - Daily {image}
you mentioned a bearish gartley and waiting for double top but you are showing us the way upside ?
  • #988,500
  • May 12, 2015 12:17pm May 12, 2015 12:17pm
Hathor, youre waiting to go for long or short? And i just read that fed want to increase interest in june.. Possibly it will go to top today right? While waiting to go down?
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