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Chapter 14, Part III. Head and Shoulders pattern. - Q&A

Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, Jul 7, 2011.

  1. Administrator

    Administrator Just Administrator :-)

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    Please use this thread for questions, answers, and comments on this lesson.
     
  2. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    Do you think we could get a certain company to sponsor this lesson?

    [​IMG]
     
  3. georgeta

    georgeta Sergeant

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    Mr. Morten,
    First I want to congratulate you for these excellent lessons. The quality is truly amazing.

    Second, I have a little question about trading the failing Double bottom.
    The left shoulder of the H&S pattern in this chapter it is a failing double bottom. Can we use smaller time frame to get a retracement of the initial swing down for entry point? Or do we use just the original time frame? In this example, only point C on the swing down is a possible entry?

    Thank you as always!
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Georgeta,
    particularly in this example "C" point looks better since first, market has returned right below neck of DB, second, during pullback to C point MACD holds bear trend.
    But, in general, you're right, we can do this. Here I just can't offer this material, because it a bit advanced for current chapter. Later, when we will study multiple time frame analysis and harmonic patterns - how to use them to trade classical patterns - you will get much more tools.
     
  5. georgeta

    georgeta Sergeant

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    I wanted to show you a pour execution on a reversed H&S. I missed the head so I tried to enter on the right shoulder. I see now how essential is to catch the head.
     

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  6. Hamza Samiullah

    Hamza Samiullah Corporal

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    Excellent lesson
     

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