FOREX | v se7en, the market is very SucKy
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 Mar 1 2010, 02:54 PM
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#1
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60 posts Joined: Feb 2009  
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QUOTE(kc26 @ Mar 1 2010, 02:44 PM) There is so many choices of online broker.. try look at http://www.gomarketsaus.com/The more i search the more choices. Headache.. Dont know which one to choose.. Anyone care to make my choice easier...  |
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Mar 19 2010, 11:57 AM
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#2
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60 posts Joined: Feb 2009
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QUOTE(Invince_Z @ Mar 19 2010, 11:37 AM) kelvin_tan: u got it wrong there but thx for the kind reminder. i had to use M30 cuz no other available in H1 n above. i wish someone could tend to it whether the trendline was correctly identified (just ignore the M30 thingy) n drawn. if i'm missing something there. Head and Shoulders pattern is a reversal pattern and is always at the end of the trend. Yours are totally incorrect in identifying the pattern position, not the drawing itself.for example: i should hv drawn it from lowest bullish candlestick left shoulder to lowest bullish candlestick right shoulder or i should hv drawn it from lowest bearish candlestick left shoulder to lowest bullish candlestick right shoulder or i should just ignore the existing neckline retest point. others r correctly drawn or u add ... In your case, the preceding trend before the H&S suppose to be in an uptrend, then forming the H&S pattern, then when price break the neckline it is a confirmation that the trend is reverse. This post has been edited by EmperorJoseon: Mar 19 2010, 11:58 AM |
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