Bollinger Breakout — The price having reached the 127.00 area makes a good looking top to the right shoulder. Now, if nothing wierd happens here, like more of a push up, then we could have a very nice H & S pattern nearing completion. It then ...

EUR/JPY

Bollinger Breakout — We are now closing in on the 127.00 level which marks the top of the right shoulder. See attached 1 hour chart.

EUR/JPY

If you are suggesting the chart is forming an INVERTED H & S at the top of the run, you are incorrect. This is not a valid formation. Inverted H & S would form at the bottom of a run down, not at the top of a run up which is where a normal H & S ...

EURUSD

You are right....everything is possible in forex, including extreme manipulation and "news" deception. But, the long term trend is down for now. It is down because the world is in financial turmoil, and regardless of who is responsible everyone ...

EURUSD

Bollinger Breakout — I don't know about OANDA weekend trading or a miniscule 15 pip gap up, but the long term trend is down. There is a base in the 1.2300 area, and there is a H & S formation that is complete and it is running down. See the ...

EURUSD

Bollinger Breakout — Concerning about EUR/JPY....we near serious double bottm near 125.00 lvl... - Sonic Now a REAL serious bottom is around 114.00! Look at the attached 1 hour chart. It has 50sma (blue), 89sma (yellow) and 200sma (red), and 4 ...

EUR/JPY

Bollinger Breakout — I agree with TigerHunter......the EuroDollar continues to have a very negative downward bias. Attached is a 4 hour chart with 50sma (blue), 89sma (yellow), and 200sma (red). The Bollinger band (period 10, deviation 1.5) ...

EURUSD

Bollinger Breakout — As we approach the open for the new week, if predictions are in order then I would have to say that the charts says more down than up. First off, the long term trend on the Daily chart is still clearly down, and if ...

EUR/JPY

I have been at the EJ for several days. But I do now see what you are referring to using the 1 hour chart. Nice job on your part!

EURUSD

What timeframe chart are you referring to? The 4 hour chart? If so, yes, possibly an inverted H & S is forming the right shoulder now. Also, it could be forming the base of a Cup & Handle formation, with the right upside of the cup to come, and then ...

EURUSD

All orders in forex are MARKET orders, not LIMIT orders. Even a Stop Loss order is a MARKET order! The S/L price acts as a LIMIT trigger, activating the order to get out AT THE MARKET. So, in a fast pip moving enviroment, the pip movement between ...

EURUSD

"...and some have mastered it." I seriously doubt that. Guessing what Central Bank and hedge fund traders are going to do at announcements is just THAT, a GUESS! And that is something that cannot be mastered. The same kind of news, but at different ...

EURUSD

Great recommendations! If I may, I'd like to add that it is important to have a "heads up" on announcements.....know when they are going to happen. You don't really need to know what they might say, because Central Bank traders and hedge fund ...

EURUSD

Rate Annoucements & Price Movements.... — My opinion only, but there is no sense in wasting time trying to rationalize how a price moves before, during, and after announcements (of ANY kind). The fact as I see it is, announcements are only ...

EURUSD

Bollinger Breakout — EU accomplished a 62% pullback in the down trend. It stalled at the 89 sma on the 4 hour chart (attached). It has turned down again and is ranging at the 20 sma basis of the standard Bollinger band. If it falls down thru ...

EURUSD

Bollinger Breakout — Originally Posted by traderathome image I appreciate the context/ circumstances of your suggestion. This has been running up three days, so it is in Bull mode in a manner of speaking. On the other hand, this run may ...

EUR/JPY

Bollinger Breakout — I appreciate the context/ circumstances of your suggestion. This has been running up three days, so it is in Bull mode in a manner of speaking. On the other hand, this run may represent a normal retrace (of 62%) to the ...

EUR/JPY

Bollinger Breakout — This seems to be losing upward traction at the 89 sma on the 4 hour chart. Could be the retrace upwards is over and the down trend soon to resume?

EUR/JPY

Bollinger Breakout — If this breaks down thru 1.3150 then it could easily land at 1.2950, or even maybe 1.2800 area. Just an opinion, as the long term trend is down and this has, on the 4 hour chart, come up thru the 89 sma a bit, where the ...

EURUSD

Bollinger Breakout — An intra-range bull move does seem to be underway. On the 30 chart the bottom at 1.2757 is followed by two nice 30 minute candles and the MACD histogram is reversing up. TRIX is solidly crossing up, too. I am bothered only ...

EURUSD