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by Ashraf Laidi
Posted: Dec 9, 2011 21:04
Comments: 10
View Hot-Chart

This thread was started in response to the Hot-Chart:

Euro Net Spec Shorts Seen Followed by EURUSD Spot

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Dec 19, 2011 10:32

However I admit I am taking Ahsraf's observation out of context

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Dec 19, 2011 10:30

I can never get too excited about cot data which is lagging real time - 3 to 5 days. Seems wierd in this day of HFT and nano technology.

jacek

Melbourne, Australia

Posts: 2579

13 years ago

Dec 19, 2011 0:53

yeap.. a short covering probably due.. but from what level?.. perhaps 1.27-28?

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Dec 18, 2011 23:35

When I posted this chart I warned abt escalating net shorts in $EURUSD.

we're new below it that Yellow line at -116K and EURUSD has dropped well below that yellow line.

Ashraf

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Dec 12, 2011 20:23

No Ashraf, never been my claim to be ahead of you :-) Just slow down on perfecting your chart presentations. Dark blue on black is a little dumb or did you want to hide the very imperfect H&S :-)

(Like fxpanther, I avoid calling H&S unless near perfect, just my opinion).

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Dec 12, 2011 17:07

Dave,

You're asking ME to "slowdown". I thought you were ahead of all of us.

Vaquero, Alex, fxpanther,

If you want to find the perfect H&S with perfectly horizontal neckline & shoulders, youll be waiting a while.

1.4270-80 is R & L shoulders. Imperfect head. Yes, it's far from perfect

Ashraf

fxpanther

California , United States

Posted Anonymously

13 years ago

Dec 12, 2011 11:15

If you cant see a HS, is beacuse there isnt! Do turst in yourself recognizing a pattern. Moreover, HS usully forms after a run-up, where is that run-up? The descend is in progress long time. Now, the only way to go EURUSD is to FADE the down move, or wait for correction to 1,38....

And remember, my analyses or anybody's else is just as good as yours.

be disciplined,
fxpanther

Alex Salmond MSP

Port Louis, Mauritius

Posts: 8

13 years ago

Dec 11, 2011 22:23

the h&s is there but admittedly not particularly easy to spot on ashraf's chart; the left shoulder started in sept 2010, the head in jan 2011, the right should started in october this year

Vaquero

New Mexico, United States

Posts: 1

13 years ago

Dec 10, 2011 15:34

Hi Ashraf:
I am new to your site = its great, I cannot make out the H & S on this chart either,--- what would be the neckline figure (price) ?
Thanks

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Dec 10, 2011 10:57

Dark blue on black really does not work at all well. I'm sure you could find a more suitable contrast in your charting package Ashraf if you just slow down a titch. The referred H&S is indiscernible on this chart.

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