me back from Oz, managed to avoid floods and fires.
thanks for that review arco - shame it wasnt more useful to you
I will email them and try to view it post event.
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me back from Oz, managed to avoid floods and fires.
thanks for that review arco - shame it wasnt more useful to you
I will email them and try to view it post event.
and to celebrate my return my first trade got me 83 pips while having tea and toast. a gartleyish type pattern on the Eur/Usd
Hi Arco/Peat,
here is a web site that relies upon swing and butterfly analysis on the majors for all there TA
www.fx360.com/
cheers
roddy
BTW i am not a member or affiliated with these people in any way other than they send me a freebie once a week
Finally I managed to catch the CMC Butterfly webinar this afternoon.
I found it quite useful and expect some nets to be laid soon
Hi Peat,
heres EUR which might shape up for the net after a while ,interesting they start with an
A as opposed to X
anyone noticed the butterfly on the dow?
however , according to the strategy oulined by Ric Spooner at CMC this still isnt a buy as it needs to break the resistance at around 8000 - 8100. due to the deep final leg of this butterfly
Seems to me that as it went to almost 1.618 (the lowest dotted line) a lot of the up move has occurred already but one must wait for that resistance level (at 8100 ish) to become a support level, and to my untrained eye that doesnt seem to have happened yet.
so not time to jump in yet.
FTSE is the same of course.
This weekend I did a long term scan for butterflies all along the FBL stock. There were some pretty awesome entries and of course a few failures. One definitely needed to take a fairly long term perspective i.e hold your winners to maximise returns otherwise the few failures took too much back as a proportion. But I'm encouraged ... and of course the real point of this is to make a current analysis so here it is
In contrast to the Dow FBU:NZX has in fact confirmed and come back to test , and so far shown support.
The butterfly completed in early March, the buy signal was generated in mid March on that huge green candle day with the B and the green arrow.
Entry (could,should) would have been around $6.00 and stop should properly be at $5 tho now theres been a test without failure maybe that could be raised depending on your risk tolerance I guess.