very nice arco thank you :D
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very nice arco thank you :D
Looking like a flat correction for wave 4 at the moment, if it can stay below 7110. If not shouldn't stray too far north, 7150 maybe?
Xerof
arco
bugger that >< my ig markets account, the chart doenst let me alter the x-axis ><
to have quarterly like urs :D
whered u get ur chart from? i want some good chart facilities ><
if on a monthly x-axis chart.... i cant see the EW ><
Dazza
Ideally please put general questions on the Chi-Chat thread,
that way we keep the pairs topics clean and readable
for easy reference and back checking.
Re your query. I have my own software program - Metastock,
and pay for EOD data.
Check it out here - www.equis.com
arco
Still holding currently +68Quote:
quote:17/5.........long at 7080
arco
Anyone brave enough to sell yet?Quote:
quote:Looking like a flat correction for wave 4 at the moment, if it can stay below 7110. If not shouldn't stray too far north, 7150 maybe?
Xerof
Short NZD at .7140
XerofPerhaps not just yet...........becauseQuote:
quote:Anyone brave enough to sell yet?
The current small retrace might be EW3-4(1 & 3 hour chart)
and if that is correct there may still be a little more to come.
Also the upmove has not reached even 38.2 of previous down move.
Tight trailing stop just in case.
arco
OK patience may be required here -
I'm a fade-in seller at 7155, 7168 and 7175, s/l on the lot at 7210
OR s/l seller of full allocation at .7090
Xerof
Xerof FYI
Gann resistance level circa 7202 which
ties together nicely with 50% Fib and
old support from 27/4.
arco
I think this EW count is correct, so we may
see a turn to complete leg 5 very shortly.
http://forum.tacticaltrader.com/attachments/nzd_ew.gif
The action has dropped as far as it is
allowed to go according to Elliott Wave rules.
i.e. Wave 4 should not penitrate the end of Wave 1.
(Pink line previous chart), unless plot is a diagonal.
However, very slight spike overlaps
are allowed in certain instruments such as Fx.
So, we really need to see a turn around here,
otherwise the count shown on the chart is voided.
Still long at 7080 +19.
arco
I took out a short at 7122 last nite.... - just a little contract - have very wide s/l and t/p - prepared to ride this for a while and be patient....
arco where are you on this pair now?
Peat
IMO the EW 4 possibly completed on 26th with
an almost perfect AB=CD and therefore I deceided
to close out my long at 7140 + (+55) and remain
on the sidelines.
No present position - awaiting Flag break.
Appears to be a good long term short IMO,
(as suggested way back when at 7446).
arco
yes I've missed far too many of your valuable recommendations.Quote:
quote:Originally posted by arco
(as suggested way back when at 7446).
arco
But I am slowly expanding my sphere of operations and gingerly increasing my exposure/risk levels etc....
Forex will be around for a while, as long as I dont bust my a/c :D