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Gimme a chart Bilo, and I give you my opinion.
arco
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Gimme a chart Bilo, and I give you my opinion.
arco
somedays you get it right and still lose , well obviously you didnt get it perfectly right, but what I mean is that picking direction correctly and making a profit dont always go hand in hand
here I got overall direction wrong but still made 130 pips overnight
Morning Peat
........you managed to ride the 'news' wave.
..........nice one.
2:30am USD High Impact Expected
Building Permits
0.71M 0.77M 0.81M
2:30am USD High Impact Expected
Core CPI m/m
-0.1% 0.1% 0.1%
2:30am USD Medium Impact Expected
CPI m/m
-1.0% -0.8% 0.0%
I know its dangerous to put a bottom on falling knifes, but are we getting set for a EUR/USD bear rally?
1. No new lows, clear support just below at the 1.24 range.
2. Triple bullish divergence on the dailies with a momentum oscillator.
3. Volatility decreasing.
http://www.sharetrader.co.nz/picture...5&pictureid=71
read this AMR
while you dont precisely get told what they think (coz its the free release, and obviously they want you to subscribe) but the numbering does clue you in and the triangle (being corrective) etc....
http://www.elliottwave.com/freeupdat...-Patience.aspx
...what a breakout! 700 pips in four days!
what do people make of this?
http://www.elliottwave.com/freeupdat...The-Storm.aspx
Evening Peat
Potential Gartley on daily - print currently providing a Shooting Star (this of course still has time to change b4 the candle completes).
I also know the Glen Nealy has advised his clients to close their long positions. So perhaps a possibility of some southern movement.
rgds - arco
Ok what a crazy few days with massive breakouts up then down. Still have won more than I lost but only just. have being stopped out way too many times even though the origional call was correct. Think I will sit on the sidelines for a while as I am ahead for now.
Still is this just a correction of the US weakness or will the US start to move back towards 1.30? I feel it will head back towards 1.50 but wont be betting on it. Time to watch.
gartley on the 15 min from X at 1.4315 (not the highest high but the first retracement) with D at 1.4218 (the highest red dotted line) has given 158 so far.
this chart is abit crowded sorry... the red fib is the XA , the light blue is the AB (had another sell placed at the 161 ext on that ) and the yellow is the BC extension, which pretty much matched the 78% level of the red
the question is what to do now that the IPO of the gartley has been reached (coz immediatly after posting this it bounced up a lot off that gartley target.
Hi Peat
Perhaps thats a Bear Flag now (broken and tested).
In your chart XA could be an AB, and that would give a CD target of under 1.3800, or from the previous fall starting 18 Dec the target could be slightly lower
Not trading this one myself just at the moment.
well that all worked out well closing both positions with good profit - a good start to 2009
Happy New Year everybody
another bear flag forming now ?
15 min chart showing a definite trendline in the retracement. looking for a break of that.
yup that worked
closed one +100 and one still to run
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You're on a roll Peat.....I still in holiday mode.:D
PA is getting towards my idea in post #762 (1.3800)
Should have taken a position, but not trading until next week