hi guys enjoying your posts.
I'm having another go with shorting the Eur @ 1.5717 stop 1.5849 target 1.5510.
another totally perfect gartley here displayed on the hourly.
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hi guys enjoying your posts.
I'm having another go with shorting the Eur @ 1.5717 stop 1.5849 target 1.5510.
another totally perfect gartley here displayed on the hourly.
The logic is in the pattern Bilo. Also there is Divergence on the RSI Hourly. I tend not to believe the fundamentals much and just go with the shapes.
But yeh the trade could go wrong. Perhaps I should've waited for some confirmation that this was a turning point - not really any of that yet to be sure.
It seems to have taken a big tumble last night. This is why I don't trade the news :D:eek:. In fact it was sounding like the US-German trade dispute right before the crash of 87/
so my bearish gartley post 671 failed pretty well. with price cutting through X by nearly 100 pips taking out -145 stop. so I interpreted this as a bullish signal. The 300 pip correction did come tho and I started buying this time on the 4th but it was catching falling knives and resulted in 2 -30's. Showed more patience till the 9th by which time a small bullish gartley hinted at some change in direction and since then had 4 overnight +90s and a -18.
There has been heaps of articles suggesting that the USD is toast again following panic about freddie mac and fannie mae and the 2nd failed bank picked up by the fed. Everyone had been picking the Euro to reach a new high v USD. Stunning about turn tho - equally stunning affect on the POO but that had an even more nasty correction.
Hi Peat,
those are some great gains there peat,let me know when you start selling signals and I ll be your first customer!
roddy
took 100 again tonite on a double sized trade... have closed now.
silver and gold confirming the demise of the USD.
hmm morning peat
what a night had a few trade set ups firing all over the place
made a bag on short usd jpy , good short on eur chf and had a nibble on eur usd long through 160 but that got stopped
i will post a few charts
my feeling at the moment is 160 is now weakened and will not hold looking at 163 + on eur
usd jpy broke some serious channels so have been waiting for this one to go lower
i reckon its the equities driving things at the moment , i have big shorts on for a while on dow now but starting to get a little nervous and may cover
having to get up through night to assess action which i hate doing but its sooo volatile
really looked like a massive hammer was going to print but saved by another wave of selling
anyway all good