Got triggered in to this trade this morning, and have now taken a profit
http://i36.tinypic.com/2yx1vyh.gif
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Got triggered in to this trade this morning, and have now taken a profit
http://i36.tinypic.com/2yx1vyh.gif
I did see a bullish pattern form with cable after NFP.
small trade as its against the main trend I think but currently +63
closed this out for +97
Longer term the H&S may have its day
So IMO we could see a return towards the neckline, and if that holds at resistance, the bears may gain control for a while.
http://i34.tinypic.com/s63ma0.gif
Here's the earlier chart. I'm not sure if I got around to posting it
http://i35.tinypic.com/21mu6i0.gif
arco,
How did you see the position at NZ06:30 8th Oct?
1. Breached the three previous minor highs of 24+ hours
2. MACD divergence if you believe in such things
Morning Loofa
As per my previous post, PA had been indicating continued northbound movement, which I had been predicting for 6/7 days. (H&S test)
The 0630 candle started to set up another Ichi long signal on the 30m TF, and a position could have been taken or pyramided circa 1.5980 for a max gain of circa 140 pips.
Divergences can be powerful indicators, although like everything, they are not foolproof. In this case I have just checked and MacD certainly gave a good signal although I dont personally use it.
rgds - arco
http://i35.tinypic.com/25f3j3t.gif
Just reviewing the H4 and presently the PA may be forming a DCC at the Kumo top edge with Chikou baulking at the bottom edge. The bold purple line is the H&S line
http://i36.tinypic.com/1zez781.gif
Update - +230 pips for shorters
http://i34.tinypic.com/2uhx061.gif
I saw a continuation pattern in the triangle and shorted when it broke for best part of 50 pips in minutes.
Good spotting Peat
I was already in from Friday, and have also taken a nice profit.
http://i38.tinypic.com/id59i1.gif
Reaction long after the drop?
I looked at Cable yesterday morning for the retrace, but actually took the trade using GBP.JPY - exit at 60 pips
nice overnight take from Arco's blog
default setting of 150 pips taken with a couple of cable trades
Im hopefull on this one Peat heading still lower and risked a weekend hold of three postions to hang on for sub 161 even to target of 160.
great to see the in workings of arcos trading truly a fascinating study .
http://iforce.co.nz/i/qt0ujk3z.jpg
Big move in GBPUSD. Looks like some comments fom Holland pushed it through 1.26, then the algos got hold of it and liquidity dried up. Reports from dealers saying the lowest traded was 1.1378. Big move for a matter of seconds.
That was bigger than the initial move for BREXIT when the Sunderland vote came in.
Attachment 8345
http://www.telegraph.co.uk/business/...uro-investors/
Pound surges to eight-week high against dollar after Brexit minister hints at EU market access