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ZAR.USD
For those who like something a little exotic, this
pair have moved into the FIRST Butterfly and Gartley
possible target reversal areas.
May prove an interesting ST short with low risk entry
@ 655 and tight stop. However, be aware Gartleys can
often carry on in the same trend to form Butterflies.
arco
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Right on cue.......
......a BIG black bearish engulfing candle.
+85 for knife catchers.
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The one that got away........
Obviously these South African Randy Butterfles
do not like to be caught. Fortunately it was on
a very tight stop and we will live to net another
when its looking the other way.
Might have to creep up from behind and grab
it by the Cape ;)
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USD/ZAR did a rising three methods candle pattern on the daily
http://img241.imageshack.us/img241/8...092006fr7.jpg]
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Hi Peat
My Rooters EOD didnt give that pattern. I had a Harami on the 2nd which came just below a target area I had for a Gartley. Yesterday was a Shooting Star...so a bit ominous IMO.
regards - arco
The Shooting Star is comprised of one candle. It is easily identified by the presence of a small body with a shadow at least two times greater than the body. It is found at the top of an uptrend. The Japanese named this pattern because it looks like a shooting star falling from the sky with the tail trailing it.
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yes I've noticed your comments on EOD candle formations dont always square with what I see using Oanda fxgame... perhaps the specific timing of the EOD is different. But it did work for me , and thats always good.
I did post that last Fri of course.
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Yes, sorry Peat, a bit late with the comment.
I was away for about 5 days.
regards - arco
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Our old pal Randy is looking quite interesting at the mom.
The green box is the PRZ for the Blue BF, - so worth keeping
an eye on this one now IMO. EW count looks plausible.
Currently watching for a reversal pattern to appear.
rgds - arco
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Theres quite a good return on being a randy long. :eek:
what did i just say? :o
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