Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Jul 2, 2009 13:15
Comments: 108
View Hot-Chart
This thread was started in response to the Hot-Chart:

NZDUSD Eyes Sub-0.63

 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 25, 2009 14:13
raulin, i would not call head&shoulder to have failed because the neckline support did hold at 877 in S&P500. H&S says if neckline holds up and right shoulder breaks then the bull is in. and that's exactly what happened.

Ashrtaf
raulin
london, UK
Posts: 65
15 years ago
Jul 25, 2009 12:29
Head and shoulders has become a pattern to trade against. usd/jpy, gbp/jpy so many failed head and shoulders and the S&P and Dow in the dailies were failed head and shoulders though no doubt exponents will say that yes on the weeklies there were inverted head and shoulders.Poor predictive accuracy.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 25, 2009 11:50
raulin, i have no such data. but the Dow and SP H&S was certainly broken.

Ashraf
raulin
UK
Posted Anonymously
15 years ago
Jul 24, 2009 19:18
Ashraf ..Do you have data on the positive predictive value in head and shoulders pattern when neckline broken? It should be 70 percent plus but I don't think it's anywhere near that.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 24, 2009 17:18
Wolf, BoC and Fin Min will definitely be more vocal near 1.05.

Ashraf
Forexwolf
Auckland, New Zealand
Posts: 39
15 years ago
Jul 24, 2009 11:41
Ashraf, thanks - I am already short USDJPY so I will not consider changing horses now.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 24, 2009 9:46
Forexwolf. 40% confident 94.05 seen today but more confident later in mid next week. $GBPJPY is the better short for now after those worse than exp UK GDP figures and failure to properly break 157.

Ashraf
Forexwolf
Auckland, New Zealand
Posts: 39
15 years ago
Jul 24, 2009 7:13
Ashraf, are you confident we will go to 94.05 from here (94.8) in USDJPY?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 24, 2009 3:12
forextrader, you were once again correct in looking for the CLOSING price on NZDUSD, which ended below 0.66.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jul 23, 2009 21:26
Hey, guys
Ashraf said that he will be back in hours.....I think he will be very surprised when he look his scream.....

What a day!!!
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