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Yeah, crap!! Did you see this smaller IHS right on wvap? Very nice BO up to make new HOD now..

hoping this turns out as a H&S in NQ! Right on heavy resistance. Needs to try up one more time for a nice little right shouldder. And than, BAM! :p

Nope, not this time. Bulls looking good today.

Potential big H&S in NQ at this moment!

HUGE cup and handle in the making here!

If you are thinking of all those lines, those are only opening range, yestorday high/low, pivot points, globex high low - basically HUP's, that I like to know where are. And then there is VWAP with standard deviation bands around, which I am currently testing a strategy with. And allso...

Make this a dragon pattern instead! First possible entry after TL break, second (safest) after apex BO http://www.sierrachart.com/userimages/upload_2/1236098567_22_UploadImage.png

No resting here! Possible IHS right at yestorday low http://www.sierrachart.com/userimages/upload_2/1236098111_27_UploadImage.png

Triangle was probably a better name for this one. I think it is the anchor channel resistance line spoiling our fun out here now, at least to the long side.

do not know if this one will play out or not. but on this I will not buy the BO because of the anchor chart channel resistance line http://www.sierrachart.com/userimages/upload_2/1236094533_3_UploadImage.png

There was one more small IHS yestorday at allmost LOD. I took it, but I was stopped out because I probably had a too small stop loss (2 points). Of course it overshoot my stop loss with 1 tick before going my intended way...

During globex hours tonight, NQ bounced nicely off resistance in new down-channel. Only look at yellow lines! http://www.sierrachart.com/userimages/upload_2/1236074444_90_UploadImage.png

Nice trading today! When it comes to that last H&S in your chart. Allways be VERY suspicious to H&S at the very bottom off the day. With this one, there was not even a minor upptrend. At the very bottom, its probably best to look for IHS, or as you noted on your chart, H&S that fail! A...

Ohh yeah, sit on hands is a good play now IMO

yes looked like good entries to me. If one did enter before the magic tick on the first IHS, it would make sense to exit on first bar that closed red. Even though it was not a weak bar, there was clearly no follow through on the BO as you wrote on your chart.

You got it!! This might be just the catalyst for this market to crash..

bigger IHS looking like it might fail! http://www.sierrachart.com/userimages/upload_2/1236021562_1_UploadImage.png

H&S at bottom http://www.sierrachart.com/userimages/upload_2/1236020559_83_UploadImage.png

As you have read Anek mention time after time, the failed H&S are great oppertunities as well! So be shure to pay attention to those allso. If an obvious H&S fail to break neckline, take it as it breaks above right shoulder! :p

I agree with you there, my favourite pattern as well. Very reliable and great R:R