Best Thread Live Trading and General Chat Lounge

check out this upside down head & shoulder' pattern on 5m EJ chart. Could signal the bottom of a 700 pip fall into oblivion. If it breaks 120 then it should fall another 100 pips.

Peter
 

Attachments

  • eurjpy002.gif
    eurjpy002.gif
    12.2 KB · Views: 73
re: eur/gbp trade: Even when the technicals are good, there's no way to handle a fundamental event (v.v. Tucker's negative interest rates possibility for GBP) other than with your stop. That's what they're for.
 
Closed my FTSE 100 and CAC shorts (from sunday night) yesterday after the 3-4% crashes!! :D

Am now holding Dax short from 7683, target 7586 or 7546, watching the price ation on 1minute chart though and not liking what im seeing due to how ridiculously choppy it is!! :mad:


Am also short the Australlian ASX 200 from lastnight, from 5016, target 4906.

Am going to cut both these trades before 2pm UK time though as have no interest in holding into Bernankes 3pm spech that could pump markets 1-2%,
so going to take profits within next 45mins -1hour.


Will look to resell the ASX 200 at above 5026 later though depending what Bernanks says. :)
 
We need to see 7619 taken out within next 15-20mins for the Dax to make a break towards the lows of the days.

Really dont want to see the top taken off though at 7635! (n):devilish:
 
Top