Search results

No, I definately don't scalp and never daytrade. Re. Crude, do you mean double "top"? Re: emini's, I'm aware of the minis, but again, the energy market is something that is best left to those in the flow of information, not us little folk with no edge. PH

I wouldn't categorize myself as any type of trader with regards to time frames. It all depends on the asset class, the trade, the idea, the environment, etc.. For example, regarding equities, in the present range bound environment, a "long-term" strategy would be futile, if not foolish...

I don't bet. I trade multiple time frames depending on my data. Intraday multi-day reversal patterns (20-30 days) are always my favorite. I also like the long-term trend as established by daily and weekly data. My data on most asset classes goes back to 1980. When considering a trade...

EUR going to try and get through 1.2200 this morning (NY time). Hope to see it do it. If it keeps pulling back from that level, we may see traders give up and start reversing here. PH

Wouldn't EUR need to get through 1.2200 to reverse the damage from last week? Above 1.2200, it's 1.2264, then 1.2315. Until the last of those numbers are taken out, I'm not convinced that the long-term trend remain intact to the upside. I think this bounce is going to end up being a...

In no way am I doing all of this to attempt to disprove trade-ya 1 in anyway. The truth is that out of total admiration and respect for him, I want to give him evidence that may help him in his analysis, and if there is going to be a move to 1.1600 in the EUR, I would rather see him make $$...

Of course necklines must be broken, and the appropriate way to trade these is after a test of the neckline following a breakout. Aggressive traders that may have a macro reason will use the area of the first shoulder to initiate 20% or so of their position, in case they're right, and their cost...

US Dollar Index coming up...

This is the cash market

:eek:

With all due respect to trade-ya1, whom I respect and admire.... Attached is a low quality intraday version of that H&S top moussaka is talking about. By every stretch of the imagination, and in any respectable TA book, which I've read all of them ever written, this qualifies as a valid H&S...

In the long-run, yes, but in the short-run, there can be some deception, and especially at the beginning (or end) of a trend, when the large money needs to lay on massive lines in the opposite direction. Hiding their positions would not be a "dirty little secret", but rather appropriate...

That's what I thought, until $44.50 was taken out like it was a feather. A major sell signal is being generated on traders desks all over the world in crude today, and $42 is going to get run over with "reckless abandon", unless of course there's a reversal. The closer we get to the Republican...

Isn't it possible to set up a dollar short position using swaps, offshore accounts, and multiple other instruments and strategies that would give the appearance to investors that these funds are short the dollar, and then all of a sudden, their performance is great and no one even cared?

That's the beauty of the market!! Looking at that same chart, it's as clear as day that a top has been completed and the uptrend is history. Pejman Hamidi "The Rookie"

I'm probably wrong and big money funds are looking at this as a temporary drawdown to 1.1600, where they'll buy aggressively for the next big figure move to 1.3500 as you said, and their hedging is what is evident in the technicals. Or, maybe your contacts are playing it closer to the vest...

The downtrend began in mid March and was confirmed in early April. This rally since late April's climax low has been a bearish retracement, especially when looked at on the weekly charts. The recent failure at 1.1980 confirmed that the retracement has ended and the next down leg is about to...

To me, the fact that the EUR wasn't able to complete this short-term bounce and completely failed, taking out all support suggests that we're going to see 1.1600 sooner than expected. First stop is 1.1990 to 1.2000. A decisive break below 1.1975 to 1.1980 and we'll see 1.1600 fast. 1.1200...

It looks like Crude has completed its retracement and there's a multi-day bottom in EUR that projects a move to 1.2200. But that would merely be a test of resistance. If it gets through, then I'll consider EUR bullish. 1.2350 remains as a wall for now. Technically, EUR aiming for 1.1600 on...