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My bad, posted the wrong chart.

Anyone remember the shoulder n heads pattern I posted? Interestingly, this was a shoulder n heads within a head and shoulders. lol The funny part is look how perfectly it followed its formation from last time, except this time the following decline was much stronger.

1:37 p.m.? Why do you think it will reverse at 1:37? Thanks, ratio. My money management plan is extremely refined, but you're right in that I need to re-adapt my trading plan to the market. That's what I'm working on now.

Anyone want to take a guess on whether this head and shoulders works out? I think the market is really pushing hard for this decline, and I think it will be one of the rare ones that do work. 4 hour chart, by the way

I've had a chance to keep up with the market this morning, and I just had a few questions. Are your exits entirely based on your targets, or are you holding until you get exit signals based on your charts? Also out of curiosity, what were you looking for when you started this thread?

I printscreen them into word, copy them into paint, and then save the paint document as a single jpg and upload it. You could also probably put each one in a corner of your screen and then printscreen it. That's the best way I know of, besides having separate posts. This takes time, but I...

Russell 2000 - June 14, 2009 I'm just going to describe what I'm seeing on the chart, and maybe say something about what I think might happen. I forgot to say also that I'm keeping my analyses here so that it's obvious that I'm not pretending to know anything or be a professional, etc...

Okay, for the last 8-10 weeks I've been analyzing one instrument outside of forex. This has been an experiment that has so far seemed like something I would like to continue, as it helps open my mind to new ideas - many of which I can apply back to forex. What I do is I change my instrument...

Why do/did you guys think this double top matters? Chances are the double top fails. They do that. The only way to know if it will fail is if you already know if the economic crisis is over (assuming that will end the bear market), and the knowledge of any pattern within that is useless...

"Change begins from the moment you muster the courage to act. When you change, the environment will change." - Daisaku Ikeda

Thanks for the heads up, da-net :)

Got a request to update my journal, and there's been a lot going on lately so it's probably a good time. Between early March to early May I was trading very well, averaging .75-1.0% per day (which was pretty impressive as I was only risking 0.5% per trade). However, things began to turn on...

Thank you, Ivan. Unfortunately, this will likely be my last post in this thread for a while. After taking some time off for finals and a two week trip, my trading has really suffered. In an effort to simplify things and shift my focus, I'm going to cut everything above the 4 hour chart in...

Noted. Thanks for the help!

Interesting TayOO. Thank you for your answers :)

I finish my first year of actual trading in July - very tough, but still fun. :) Just based on your charts, you seem to be swinging the 15 min on maybe two pairs at a time. Is that right? The 1.41950 was the orange line you had on the first two charts you posted. Btw, that intraday...

I've been searching the web and other sources I have (including Wilder's book) for a few hours and have a pretty good understanding of the RSI levels, S/R, trendlines, divergences, and patterns. Do you think Hayden's book or even Dobson's book (...

Welcome to ET, TayOO. Based on the first charts you posted, it seems like your strategy is very similar to mine. I'm impressed with the way you're managing your TLs also. Do you mind giving us some background on you and your trading style? Also is that 1.41950 line an S/R level, pivot...

sjfan, I could give you a thousand perfectly logical reasons why the world exists as it is, and another thousand that completely refute it. All that matters is what works in practice. There is one thing you should realize, though: if an automated system buys on the break of an inside...

I have a basic understanding of the indicator, but I'm wondering if there are any books or websites going into detail that may be worth my time. Thanks for the help!