Nice trading today! When it comes to that last H&S in your chart. Allways be VERY suspicious to H&S at the very bottom off the day. With this one, there was not even a minor upptrend. At the very bottom, its probably best to look for IHS, or as you noted on your chart, H&S that fail! A failed H&S might turn out to be a pretty nice reversal pattern.
There was one more small IHS yestorday at allmost LOD. I took it, but I was stopped out because I probably had a too small stop loss (2 points). Of course it overshoot my stop loss with 1 tick before going my intended way! http://www.sierrachart.com/userimages/upload_2/1236074977_33_UploadImage.png
Aha thanks for pointing that out. Something was weird at that time for sure. Seems like after we went into a period of chop/confusion after that last H&S before the 'sitting on hands' comment.
do not know if this one will play out or not. but on this I will not buy the BO because of the anchor chart channel resistance line http://www.sierrachart.com/userimages/upload_2/1236094533_3_UploadImage.png
H&S and asym occuring at same time here. Looking for follow through or failure of H&S, which will be breakout of triangle.
Triangle was probably a better name for this one. I think it is the anchor channel resistance line spoiling our fun out here now, at least to the long side.
Here's how I played it. I exited waaaay too early. I didn't notice the good target till after I exited. Note to self: Pay attention to big picture at all times. Excuse the messy chart
No resting here! Possible IHS right at yestorday low http://www.sierrachart.com/userimages/upload_2/1236098111_27_UploadImage.png