Thread: Chart Patterns

Originally Posted by ;

quote Great ch Neil, only picked up $120.65 thank you

Thats brill friend!!

GU
Again I'm not trading this week due to it being vaions and no major players being actually involved here in the united kingdom.
Gu has produced a bearish flag, you may see the impulsive down move and a real grind to attempt to get up also known as the correction. Now this is the reason why I like to wait for a breakout to occur followed by a pull back if you find the chart we get exactly the bear candle in the upward channel, brill can it break next candle rests trendline and closes below. Imagine the classic breakout commerce of getting in on the next candle after its broke the trendline you've been hit with a fake.

What so we do simple we wait, price will pull back reality if we overlook a huge impulsive move so be it I will get on the pull item is price can't continue in 1 way without adjusting it's self that is fact. Look at the EU rally upward and today in consolodation it needs to correct of course my egy could be incorrect and it will take off with out me. Just need to hold your horses and see what price does it's a waiting game left price come to you do not chase it.

Properly the GU performed

EU could be possibly playing out but I #8217;d like it to clear that low!
Triangle breaks around 62% in recall that

Remember guys NFP tomorrow Enormous news these patterns could simply retrace back into them selfs I'm not taking my chances Nevertheless will trade next week despite GU playing out
like I said Earlier not to worry I Will get on the Pullback

Also consider men, your a big bank you need to fulfill your position GBPUSD just gone short, how many traders do you really believe will be leaping into the downwards move ?this item broke my flag I need to get on this I am in I will put my stop in the final high? NFP release what can banks do manipulate price let us take those stops let us by GBP and collect all those stops then we can just short it! Here's one and fundemtalist will hate me for this particular
NEWS DOSENT EFFECT PRICE!!!
But Neil how do you say when NFP is released price moves, given it does move but price will go where it's supposed to with or without news, news is factored into price already, the NFP release tomorrow is just a reason for banks to conceal there footsteps they have enormous positions and can not get filled on everything without any liquidity how can they get that effortless take stops of the little men. I believe tomorrow price will rocket upwards and maybe test that breakout guess what that is where we short!
Banks buy into purchasing pressure and banks market into buying pressure remember that.

The only news which will impact price is for example when North Korea decide to wang rockets off which can not be factored into price. News like that really does impact price.

Ultimately the UJ I stated before this was head and shoulders along with people should be looking long.

Almost forgot gold,
starting to correct as previous stated right at that level. Of course these patterns are all good and well but like I keep going on about it's not confirmed until the release tomorrow hence why I have not jumped in almost any trades that week

Originally Posted by ;

GU Again I#8217;m not gambling this week because of it being vaions and no major players being really involved here in the UK. Gu has made a bearish flag, you can observe a grind along with the move to try and get back up also called the correction. This is why I like to wait for a breakout to occur followed by a pull back if you see the chart we get exactly the engulfing bear candle at the channel, brill is it split trendline candle breaks trendline and closes below. Now envision the traditional breakout commerce of getting in on the...

HI folks,

Is this viewed as being bearish it is the US 30 Index, I watch it as bearish flag

Originally Posted by ;

quote HI folks, Is this seen as being bearish it's the US 30 Index, I View it as bearish flag image

I'd say so Friend