$USD - H&S pattern in the US Dollar?
If this played out, gold would bust higher and probably also
give the market anther boost higher, we'll see. Dollar is
down about 22 cents tonight
Posted by parrrich on 28th of Feb 2012 at 07:27 am
Also, Matt, nice bearish hook on the MACD and I believe that a
50% retracement on the dollar from the Oct/Nov low up to the Jan
high comes in right at the neckline of the reverse Head and
shoulders which would make that breakdown more powerful.
Welcome to the website and board. I think you will find
the Community very helpful and commentary Top Notch. If you
should need anything please feel free to contact me via Private
Message or email, thomas@breakpointtrades.com.
US Dollar
Posted by matt on 28th of Feb 2012 at 01:56 am
$USD - H&S pattern in the US Dollar? If this played out, gold would bust higher and probably also give the market anther boost higher, we'll see. Dollar is down about 22 cents tonight
nice chart Matt, thanks.
Posted by morton13 on 28th of Feb 2012 at 09:07 am
Also, Matt, nice bearish hook
Posted by parrrich on 28th of Feb 2012 at 07:27 am
Also, Matt, nice bearish hook on the MACD and I believe that a 50% retracement on the dollar from the Oct/Nov low up to the Jan high comes in right at the neckline of the reverse Head and shoulders which would make that breakdown more powerful.
New Member
Posted by smoothy on 28th of Feb 2012 at 07:39 am
Just wanted to say hi. I won't have much to post but may have an occasional brief question or comment.
Thanks, Doug
Good Morning Doug, Welcome to the
Posted by tom on 28th of Feb 2012 at 08:52 am
Good Morning Doug,
Welcome to the website and board. I think you will find the Community very helpful and commentary Top Notch. If you should need anything please feel free to contact me via Private Message or email, thomas@breakpointtrades.com.
thanks Tom
Posted by smoothy on 28th of Feb 2012 at 09:06 am
thanks Tom
welcome Smoothy!
Posted by morton13 on 28th of Feb 2012 at 08:46 am
thanks Morton
Posted by smoothy on 28th of Feb 2012 at 09:13 am
thanks Morton
Gold and silver charts look
Posted by parrrich on 28th of Feb 2012 at 07:23 am
Gold and silver charts look explosive right now. Silver just took out the $35.70 and only has air up to $40.
And conversely the euro has
Posted by tomW1 on 28th of Feb 2012 at 06:35 am
And conversely the euro has an inverse H&S pattern. I bought FXE yesterday in the morning. Wish I had used the 2X ULE now.