Hi DB
Yes a number of indications appearing together, so lets
see if and how far the action can head south.......
My stop also close by @ 214.05
arco
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Hi DB
Yes a number of indications appearing together, so lets
see if and how far the action can head south.......
My stop also close by @ 214.05
arco
I've decided to take a small loss on this one until
the plot becomes more clear...tomorrows another day
arco
Annoying having to be asleep when all the action happens,
but fortunately I took out a big position on Eur.Jpy before
retiring as it looked more in reversal mode.
Nice wake up pips +124
funny what you said about this one arco about the same time you posted i had my finger
on the mouse ready to close as it wasnt looking to flash but
my internet connection went down and i took it as a sign .........
sometimes it aint too scientific
just got stopped for 150+
Nice one DB
I managed to squeeze 200 from the Eur.Jpy, so after taking
the small loss from Gby.Jpy it was still a good result.
arco
Refer to post #63
The beast has broken out overnight resulting in +225 pips
Champagne breakfast :)
arco
Closed this overnight trade @ +320 pips...................most charts show reversals are imminent IMO.
I will be looking to get back in on the retrace when the signals look right.
rgds - arco
traded the uk data
just nailed 180 pips in about 5 mins wow
compensation for all the nightmare trades
So we've had 5 purple waves down and 3 yellows up and since then (late July) we've hit a new low with a very powerful motive wave downwards. No significant retracement yet so I'm still counting it as a 1. What do you think?
Now usually 2 is a significant retracement so that would take it at least to 207 possibly 212. But then we'd be in a new 3 wave downwards and supposedley that would go a long long way down! Certainly right now its recovering from being very oversold so it needs to do that at least.
...Continuing with my EW weekend
Hi Peat
Heres an EW commentary from asiafx
"Preferably, I believed a truncated wave 5 (white or magenta) is already established and looking forward for a bullish reversal trend to perform a major corrective a,b and c. A valid triple bottom pattern and a further breakout to the upper green trend-line and critical line 1 would bolster this scenario. Otherwise a breakout to the bearish continuation line 7 would put this scenario in major doubt (yellow)."
See the Chit Chat thread for the chart (link below), but pop on yer sunnies first
http://www.asiafxtraders.com/images/...10.30am_1h.gif
rgds - arco