Just to pull back out from my H&S chart just now, those vertical lines ...
The two lows at 0.00 and 1.00 then the 3rd potential as indicated
If this is now a high then they are in reverse order h3 0.00, h2 1.00, h1 1.168 : potentially it has completed a series of 3 highs.
On the basis of these two charts I'm in short (which wasn't looking too hot while ago - hehe), no limit, stop high enough, given the trade room to breathe, very small* position - so low loss risk, high return potential, which I think is the way it should be.
*The small lot size: (if your broker allows you to set forex lot sizes) personally I prefer to set them small (like mini's), then trade multiples to the level of confidence in my analysis, estimation of probability etc.
Just to share my ponderings, I've long had this notion that the price would come out of the now famous triangle upside only to do some sort of soggy pole vault and then fall somewhere 'beyond the corner when no-one's looking'. That's my very technical evening analysis summary.
The two lows at 0.00 and 1.00 then the 3rd potential as indicated
If this is now a high then they are in reverse order h3 0.00, h2 1.00, h1 1.168 : potentially it has completed a series of 3 highs.
On the basis of these two charts I'm in short (which wasn't looking too hot while ago - hehe), no limit, stop high enough, given the trade room to breathe, very small* position - so low loss risk, high return potential, which I think is the way it should be.
*The small lot size: (if your broker allows you to set forex lot sizes) personally I prefer to set them small (like mini's), then trade multiples to the level of confidence in my analysis, estimation of probability etc.
Just to share my ponderings, I've long had this notion that the price would come out of the now famous triangle upside only to do some sort of soggy pole vault and then fall somewhere 'beyond the corner when no-one's looking'. That's my very technical evening analysis summary.