Closed a 90 pip short on this pair from yesterday.
Will short again on a bounce
Cheers
Slam
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Closed a 90 pip short on this pair from yesterday.
Will short again on a bounce
Cheers
Slam
Hi All
Went long last night on the retrace .7768
Overbought on the hourlys but doesn’t look like stopping atm
Got a tight stop ;)
Cheers
Slam
Nice Slam,
I've been monitoring this since early Jan but have been reluctant to post this chart formation as it got rather messy on this C leg. Volatile puppy, but the formation is gaining some credibility on a macro view.
Watching and waiting ........
http://img468.imageshack.us/img468/522/gbp1jx.png
Xerof
Hi Xerof
Thanks for the chart
Yep been sitting and watching this for the last 600 odd pips:(
wondering what it would do (Duh)
Took the punt on the bounce once it broke the dec high and retraced.
Will pick up more if the hourly settles back from overbought
That's some target you got there[8D]
Cheers
Slam
Unfortunately the target could be anywhere between here and the 1.618% retracement level - just have to wait and see I guess, but if this range break has any legs, then we should see it into the low 1.80's
Such a progression could also drag NZD and AUD higher too, confirming my 'outrageous' suggestion of a gartley or butterfly formation on the Kiwi:D:D
Xerof
closed at 112 pips
too hot for me, will look to re-enter lower
Cheers
Slam
Perhaps Mr Gann will assist..........
http://www.khalsaspad.com/files/020106_gbp.usd_115.gif
arco
and given their similarity this would apply to Eur as well?
Tho Eur/GBP has been going down over last week or so (my demo a/c is +50 on that pair... ) so perhaps GBP would be the better option.
Hi Peat
Yes it certainly looks that way with last nights turn on multiple supports
regards - arco
Hi all
Nice bounce of the 61.8 fib 30th low/1st high last night
Lets see if it keeps going
Cheers
Slam
I mentioned Friday that there looked to be a butterfly developing for a trip north. Hindsight is wonderful of course, and I was expecting the African nipple pink-tit to fly, when in fact the pesky ol' cabbage white was lurking, with its right wing delayed 24 hours by consolidation ahead of Non Farm payrolls.....bah, tsk tsk
http://img203.imageshack.us/img203/7218/gbp9ml.png
May not be far off completion tho, at 127.2% - watching, with net in hand....
Xerof
Possibility of completion of that pesky cabbage white butterfly last evening, with quite a nice turn just a fraction below the 127.2% level.
Netted some today at 17445 with a s/l at 17405.
C wot happins
Xerof
Hangin in by the skin of me teef [xx(][xx(] with 08 offered not quite good enough to trigger my 'stop if 05 offered'. But may be gone by morning. [B)] Have faith in the cabbage white....
g'nite
Xerof
I'm wondering if this may be a valid Crab? to watch??
http://img60.imageshack.us/img60/5944/gbpusd5qb.jpg
Yes, and since you posted its moved a bit lower. Did you take the trade?
I see the hallmarks of Vegas Wealth Builder too!
Xerof