Buy Gbp-nzd

[Belumat1]

I opened a short position (60% amount - on 2 of Vic Sperandeo) on NZD-GBP as well.
Stop loss 0.415
if it break 0.384 I m going to increase the short position.
House market in England is really bad and the credit crunch it's still alive I know, but I also saw investor still overweight UK Bond relative to CGBI World Bond Index so ......

at the moment it's one of the best alarm (risk-reward) my trading system is pointig out

http://bp3.blogger.com/_6nTmMn9wzb4/SB5NMzpkC3I/AAAAAAAAAC0/QhjywMWwdqY/s1600-h/nzd-gbp+Gann+Analysis+%28perfect%29+2+may+08.GIF

http://bp0.blogger.com/_6nTmMn9wzb4/SB5NNDpkC4I/AAAAAAAAAC8/DQ4VGPA8G2U/s1600-h/nzd-gbp+short+1y+analysis+++2+may+08+Vic.GIF


see you soon

[arco]

Hi Belumat

I dont trade Nzd.Gbp. but I'm always interested to see chart set ups.

I'm familiar with this Sperandeo set-up, and for those that are not - here it is. (Condition 3 has yet to happen).


http://www.chrisperruna.com/wp-content/uploads/2007/09/092607_123_book.png

At the point where all three of these events have occurred graphically, there exists the equivalent of a Dow Theory confirmation of a trend change. Either of the first two conditions alone is evidence of a probable change in trend. Two out of three increases the probability of a change in trend. And three out of three defines a change in trend.

Trader Vic--Methods of a Wall Street Master (Paperback)
by Victor Sperandeo (http://www.amazon.com/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books&field-author=Victor%20Sperandeo) (Author)

rgds - arco

[Bilo]

Hi Belumat


rgds - arco

Thanks Arco, i think that i can see the relevance of it now. Retraced below previous important low, the nformed small butterfly to fly back up to previous important high - might fall again now?

[arco]

Bilo

What I'm saying is we've seen the TL break so now we're looking for '2' if you were to follow that Sperandeo set up that Belumat mentioned.

rgds - arco

[Bilo]

Bilo

What I'm saying is we've seen the TL break so now we're looking for '2' if you were to follow that Sperandeo set up that Belumat mentioned.

rgds - arco

watching and waiting...
Thanks

[Bilo]

watching and waiting...
Thanks

Here we go ...maybe

[peat]

http://img59.imageshack.us/img59/5651/nzdgbp2bgann2banalysis2di4.gif (http://imageshack.us)

speed lines!
I had a bit of a play around with those recently and found them quite good at support and resistance levels.

Yeh I dont have access to trade NZD/GBP cross but guess I could always do it with with two spreads tho ouch.

[arco]

Hi Peat

Some of the brokers using Metatrader platform offer GBP.NZD.
Spread is around 6 pips.

rgds - arco

[arco]

Had a quick look at this on MQ...... (Remember this is NZD.GBP)

Interesting weekly chart and looks like a possible EW pattern forming
which if correct should give higher prices eventually...... (Notice
the resemblence between 1-2 and 3-4....uncanny)

Not trading this presently myself, but more for wave count interest.

rgds - arco

[Belumat1]

You can't count in that way.
You must start every time from a important bottom or top.
In your case you should have started from the previously bottom (2006).
Elliot is very difficult.
I think you know that.
But one of the most important rules is right that .....

This is my opinion of course, result of my almost 10ys research and operations.

Bye

[arco]

Hi Belumat

Unfortunately MQ4 only goes back to where I started the
graph from......and Reuters dont supply it for Metastock.

Can you display a graph with the EW count as you see it
from the 2006 bottom mentioned.

Thanks - arco

[dumbass]

i must confess to have never looked at this cross before


hope this helps it looks like we are in some big ABC correction with a 5 th wave ready to take it lower

i am in no way suggesting arco that you are sight impaired , i hate charting elliot on saxobank but i aint got it on meta

i think your count stacks up

what your looking at tomorrow anything jumping out

[arco]

Hi DB

Thanks for the EW count - I've mirrored the chart
to compare it with the one I posted. (Its now
converts to NZD.GBP)

Will be interested to see how it pans out.

I'll be looking at charts in the morning so if
I see anything I'll post here on ST.

Belumat - I notice you charting is from Findata.
A few of us are having problems with our current
data supplier - how do you find their service ???

rgds - arco

[dumbass]

hey arco , this is looking like a 5 wave triangle with a fake e wave overshoot before 5th wave , would nt touch it with a q stick but interesting

[dumbass]

ooooooooooooooppppppppppppppsssssssssssssssss

how can you edit a old post or you cant do that ?

[peat]

wondered about that pic!! :eek:
you should be able to edit your own post - it offers that function, there may be some time limit on its availability tho.

just tested on an older post and no time limit. - edit button appears in bottom right hand corner.

[arco]

Same here Peat.....spent over an hour looking for a BF :confused:

DB...you should be able to edit your post if you are logged in.
Or if theres a problem suggest you could e-mail Vince

rgds - arco

[dumbass]

i wasnt logged in so edit button doesnt appear

thanks guys