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  • #988,501
  • May 12, 2015 12:29pm May 12, 2015 12:29pm
Quoting edyraper
{quote} 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
...now we have to watch 1.1230 closely.. let's see if pa can crack this level.. no rejection so far.. only hesitation.. so still bearish..
Focus only on what truly matters!
  • #988,502
  • May 12, 2015 12:33pm May 12, 2015 12:33pm
I just said, it would be technically rather a double top, than a H&S.
But, if it's go up to form a double top, than in my opinion it will form the 'three drives' pattern, which correlate with the huge H&S's right shoulder.
Three drives pattern's third move would reach ~ 1.14700-1.15300.
The bearish gartley would be invalidated...ideal to trap traders.
I'm buying the dips since 1.114-500, and if the market would move in my favor, than i would wait the pair to reach the 1.14700-1.15300, than thinking in short, here is my statement from 10th of April:
Quoting hathor
{quote} What I tried to say was buy somewhere here, or wait lower....won't sell this year until we are over at least 1.15-1.20
f(z)=z2+c
  • #988,503
  • May 12, 2015 12:40pm May 12, 2015 12:40pm
Quoting hathor
I just said, it would be technically rather a double top, than a H&S. But, if it's go up to form a double top, than in my opinion it will form the 'three drives' pattern, which correlate with the huge H&S's right shoulder. Three drives pattern's third move would reach ~ 1.14700-1.15300. The bearish gartley would be invalidated...ideal to trap traders. I'm buying the dips since 1.114-500, and if the market would move in my favor, than i would wait the pair to reach the 1.14700-1.15300, than thinking in short: {quote}
Thank you for sharing your opinion
  • #988,504
  • May 12, 2015 12:40pm May 12, 2015 12:40pm
Just like Braveheart once said to the bulls: hold.... hold............ hold........
Focus only on what truly matters!
  • #988,505
  • May 12, 2015 12:42pm May 12, 2015 12:42pm
Finally...
  • #988,506
  • May 12, 2015 12:44pm May 12, 2015 12:44pm
Okay I think bear hunting season can begin
Focus only on what truly matters!
  • #988,507
  • May 12, 2015 12:45pm May 12, 2015 12:45pm
Now need to go below 1.12 right? Atm its 1.1227 support is at 1.200? Or need to be 1.119 to confirm? Actually howto calculate support? Different article has different support.. 😖 today is cracking brain day..
  • #988,508
  • May 12, 2015 12:51pm May 12, 2015 12:51pm
Quoting edyraper
{quote} Thank you for sharing your opinion
You are welcome. One more thing...after an extended move like this stretched down move, it is normal to have an extended reaction to the other side...so gartley can be valid, until market not push over it's invalidation point.
For example the normal TP for a butterfly is to reach Fibo 1.27-1.618, but it can move till 2.618 without invalidating that.
Question is: will it dive as much as traders expecting? (for example under 1.1000)...this is why I like mega H&S, because that trick would get even more shorts to trap, turning over 1.1 would be foxy before visiting higher levels.
f(z)=z2+c
  • #988,509
  • May 12, 2015 12:58pm May 12, 2015 12:58pm
Which means, i need to close like at 1.116 like that? Not go to rumored 1.1000? Just for safe ride?
  • #988,510
  • May 12, 2015 1:14pm May 12, 2015 1:14pm
Im heading off to bed first. Thank you for the teaching today hathor.. Cant keep my eyes open anymore.. 😸🙌
  • #988,511
  • May 12, 2015 1:17pm May 12, 2015 1:17pm
Dollar is going down big times, Fed is trying to avoid rubbel effect , last meeting there were discussing about it , few things that can temporarly save the dollar one of them can be conflict in Russia . If it comes to Euro , this currency is growing , Greece will get better and QE will end . Long term we are heading up with the USD/EUR
we may have few QE annoucment that will temporarly bring it down . The only thing that can save US ecconomy is WAR , during that time ecconomy can boost by selling weapon to the their "partners" and by "helping" other countries . Other than that overpriced stock should soon show the bubble" Rising rates will happen , but only at the bottom ones we back to dollar index 80 . Temporarly we can enjoy seeing manipulations by buying and selling Oil and Gold by FED just to keep the drop nice and slow to avoid dollar to be sold out as Rubbel before.
  • #988,512
  • May 12, 2015 1:18pm May 12, 2015 1:18pm
for now , we getting ready for the last shoot up for the day .
  • #988,513
  • May 12, 2015 1:19pm May 12, 2015 1:19pm
selling now @ 1.1220 SL 1.1280
  • #988,514
  • May 12, 2015 1:23pm May 12, 2015 1:23pm
buying now tp 1.1300 , stoploss 1.1100 , then sell order at 1.300 for 30 pips
  • #988,515
  • May 12, 2015 1:29pm May 12, 2015 1:29pm
I am still waiting for 1.12... some can start to buy.. but I will wait..
Focus only on what truly matters!
  • #988,516
  • May 12, 2015 1:29pm May 12, 2015 1:29pm
If more upside is wanted, market makers need to tag 1.1203 so they can get their books right. They've completed structure, just need to get back on the right side of the trade now. I'll watch the hourly close after that level is touched to see if buy is confirmed.
Don't trade the noise
  • #988,517
  • May 12, 2015 1:33pm May 12, 2015 1:33pm
Quoting stryjek
Dollar is going down big times, Fed is trying to avoid rubbel effect , last meeting there were discussing about it , few things that can temporarly save the dollar one of them can be conflict in Russia . If it comes to Euro , this currency is growing , Greece will get better and QE will end . Long term we are heading up with the USD/EUR we may have few QE annoucment that will temporarly bring it down . The only thing that can save US ecconomy is WAR , during that time ecconomy can boost by selling weapon to the their "partners" and by "helping"...
I haven't aggregated all the facts like this. But I can definitely tell you that a massive unwind of USD is VERY due. Been saying this for weeks. Somehow people think that the rate increase isnt priced in or something. Whatever.
The coincidental success is more dangerous than the expected failure
  • #988,518
  • May 12, 2015 1:45pm May 12, 2015 1:45pm
Quoting Ata-Turkoglu
I am still waiting for 1.12... some can start to buy.. but I will wait..
I think it is time to... buddy
  • #988,519
  • May 12, 2015 1:49pm May 12, 2015 1:49pm
waiting for asia session
  • #988,520
  • May 12, 2015 1:55pm May 12, 2015 1:55pm
Quoting priceaction7
{quote} I think it is time to... buddy
Hi brother thanks for the heads up... I hope you're doing well...

I guess we are near to something big but anything can happen here.. must wait as my guts tell me this lady will not raise her ass before touching 1.12 and even lower maybe..

So still waiting..

Happy Trades
Focus only on what truly matters!
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