Nice inverse H&S in the making (s&p500)
- Thread starter Heydrrich
- Start date
hi padu i know you trade forex so ive got a question: how would you trade the chf/usd pair.
We've broken out c&h but we came across a resistance line which gives the bulls a bit of trouble. Given that we are not near the c&h target, we still have more room to go up. On a smaller timescale we have 5 waves unfolding to the downside, so within that context we must wait for distribution to occur, therefore a buying opportunity would be the B in the picture. This is how i would play it, but you are a specialized in forex so what would you do?
i do not trade this and i dont know forex , just curious.
I have a very simple strategy....I guess.....
ask anyone here I do not know how to trade
buy or no buy ? i say buy but wait for confirmation
ok my half cent.....this breakout is a weak one....I think it will fail and may break the low seen in the chart.....but the trick in this trade and in all trading is to time it precisely.....
it may also go up for some time.i think you can buy for a short up movement....
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Is this a buy or a sell ?
while it would take too much time and effort to explain everything about this chart....
there are two immediate things that I could point out...
one that counter trend traders are active and also that when counter trend traders are active, it becomes a channel type of price movement.
it looks right now like the top of the channel.....
now the question is how precisely we trade this? where we enter where we exit where we get out of the trade if it goes against us...... how aggressive a trader are you should you put tight stop or wide or should you average.
most often I decide to just take a beer and chill.
you decide I have only King fisher local Indian brand you may have more choices.....
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I think it is buy with target around 2956 and then it should reverse and test the low seen on the chart
Is this a buy or a sell ?
I think this is likely...most likely scenario.....but you also have to manage the trade.....something I have failed miserably to do so I lose money
Bottoms, middles, and tops ... it can be a base or it can be a reversal and it can build out at anyplace and anytime the market behaves as such
true
that is why I found after 30 years of study, the best thing is to guess
why analyze when the market can do anything?
sorry
you must think I am nuts seeing all my posts
every time I analyse the markets, I go through all this reasoning!!!!!!!!!!!!!!!!!
that is why in the end I lose money
you must think I am nuts seeing all my posts
every time I analyse the markets, I go through all this reasoning!!!!!!!!!!!!!!!!!
that is why in the end I lose money