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EUR/USD
Aug 27, 2012 at 15:19
Anggota Sejak Aug 24, 2011
17 pos
In a day like this I wouldnt do anything unless it reaches 1.2550 (short signal) or below 1.2500 (Long)
Yesterday I went long @ 1.2510 and I closed it today at 1.2525....this is not especially brilliant but im just taking what the market can give :(
Yesterday I went long @ 1.2510 and I closed it today at 1.2525....this is not especially brilliant but im just taking what the market can give :(
Aug 27, 2012 at 20:18
Anggota Sejak Aug 24, 2011
17 pos
Hello Steve,
Could you please explain what you mean by 'Bear trap' and 'Formation complete'?
I look at the technicals it does look like it can fall to 1.2470-80....
For now I think I may have to stand aside then maybe Long tomorrow around this level 1.2480...
thanks!
Could you please explain what you mean by 'Bear trap' and 'Formation complete'?
I look at the technicals it does look like it can fall to 1.2470-80....
For now I think I may have to stand aside then maybe Long tomorrow around this level 1.2480...
thanks!
forex_trader_79941
Anggota Sejak Jun 06, 2012
1439 pos
Aug 27, 2012 at 20:35
(diedit Aug 27, 2012 at 20:43)
Anggota Sejak Jun 06, 2012
1439 pos
formation completed for sHs ( shoulder Head shoulder )
when price make an immediate revesve move (long move for this example) as soon as breaking the neck line( red tick straight line ) of sHs this called 'bear trap'
walker
when price make an immediate revesve move (long move for this example) as soon as breaking the neck line( red tick straight line ) of sHs this called 'bear trap'
walker
lvhoang posted:
Hello Steve,
Could you please explain what you mean by 'Bear trap' and 'Formation complete'?
I look at the technicals it does look like it can fall to 1.2470-80....
For now I think I may have to stand aside then maybe Long tomorrow around this level 1.2480...
thanks!
Aug 27, 2012 at 21:48
Anggota Sejak Jan 14, 2010
2299 pos
What's time frame? Right shoulder is a bit higher than left. I like when it it is lower. In any case, it is better to be careful. the trend is up and not for long.
stevewalker posted:
formation completed
if this is not going to turn into Bear trap EU is in short period.
walkerstevewalker posted:
sHs forming at 4H
can be called as a short signal if formation complete
forex_trader_79941
Anggota Sejak Jun 06, 2012
1439 pos
Aug 27, 2012 at 22:24
Anggota Sejak Jun 06, 2012
1439 pos
4H indicated in the post
yeah right shoulder a bit higher, correct
yeah right shoulder a bit higher, correct
Chikot posted:
What's time frame? Right shoulder is a bit higher than left. I like when it it is lower. In any case, it is better to be careful. the trend is up and not for long.stevewalker posted:
formation completed
if this is not going to turn into Bear trap EU is in short period.
walkerstevewalker posted:
sHs forming at 4H
can be called as a short signal if formation complete
forex_trader_79941
Anggota Sejak Jun 06, 2012
1439 pos
Aug 28, 2012 at 08:49
Anggota Sejak Jun 06, 2012
1439 pos
- sHs formed
- Bears Trapped
currently waiting for a formation over 1.2520 for longs
walker
- Bears Trapped
currently waiting for a formation over 1.2520 for longs
walker
stevewalker posted:
formation completed for sHs ( shoulder Head shoulder )
when price make an immediate revesve move (long move for this example) as soon as breaking the neck line( red tick straight line ) of sHs this called 'bear trap'
walkerlvhoang posted:
Hello Steve,
Could you please explain what you mean by 'Bear trap' and 'Formation complete'?
I look at the technicals it does look like it can fall to 1.2470-80....
For now I think I may have to stand aside then maybe Long tomorrow around this level 1.2480...
thanks!
forex_trader_79941
Anggota Sejak Jun 06, 2012
1439 pos
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