ABC Zigzag Entry Rule — ABC Zigzag Entry Rule: Apply this rule once a run (up or down) has come to an end, putting in the highest high, or lowest low from which the price retraces, then comes back up (but no farther than the extreme prices, or ...

EURUSD

Bollinger Breakout — Ed, I hope at this late date I found the right spot in the 5 minute chart which you were on. Attached is my chart showing the fib extensions applied. As I said before, I fixed the fib ext. tool to draw in both directions ...

EURUSD

Bollinger Breakout — The attached 1 hour chart shows the opening of the Euro session with a significant over normal volume spike (yellow bar in bottom study) which I interpret as confirming the downward trend continuation. The Bollinger band ...

EUR/JPY

I use the regular volume indicator on MT4 and throw a sma on it to boot, in order to better see when the current volumes start running above my chosen moving average. The MT4 code base includes a Normalized Volume Oscillator indicator which is very ...

EUR/JPY

Yep.

EUR/JPY

Bollinger Breakout — Since my last posts, this has moved up and down and up, making fruitless all talk of H & S formations, but nevertheless creating fanstastic trading opportunities. I am posting a 30 chart which shows a Bollinger band pinch ...

EUR/JPY

No, I do not buy the inverted H & S on the 4 hour chart. This is because either a level neckline has already been seriously breached to the upside, or it is a neckline too seriously angled up to validate the formation. The formation on the 1 hour ...

EURUSD

Seems like we are on the same page. I have been watching my hypothesis play out for over 5 hours now.....

EUR/JPY

The price has run back up to the third white line, which I contend marks the neckline and give a target in the area of 1.2350 or slightly below. However, if this third line marks the tops of the shoulders, and the neckline is in the area of 1.2670, ...

EURUSD

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