target hit for 240 + pips , im out now, its just a bit too scary at the moment
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Nice trade DB.......couldn't quite match that figure.
http://www.clipartof.com/images/thumbnail/1233.gif
thanks arco , you got to give yourself a pat on the back as i have learnt alot from you
Update For: August 8
Posted On: Fri, 08 Aug 2008 00:45:42 GMT
EURUSD
Last Price: 1.4888
Support: 1.4745, 1.4675, 1.4631, 1.4311
Resistance: 1.4895, 1.4950, 1.5080, 1.5170
The rally underway since late-2005 is nearly equal (near 1.6200) to the prior advance. Equality measurements are common and we're watching carefully for evidence of a reversal. While EUR$ has fallen it's not yet enough to signal a trend change.
NB This is Aug 8
Update For: August 21
Posted On: Fri, 22 Aug 2008 04:08:17 GMT
EURUSD
Last Price: 1.4637
Support: 1.4615, 1.4570, 1.4440, 1.4311
Resistance: 1.4715, 1.4810, 1.4910, 1.4950
The decline from 1.6040 is stretched. At least a correction is due and could reach the 1.5170 to 1.5500 area. But we're showing a count that allows for more than a correction. The recent dive reached support in the area of the prior fourth wave and if it completed a flat correction EUR$ could attempt to push to a new all-time high.
Hi Peat
Thanks for posting the graphs. Interesting that the monthly looks like a potential BF in the making.
Based on your findings do you feel their service is of value?
rgds - arco
NB. 1hr BF playing out nicely at the moment.
So far... its hard to say with too much certainty, but I'll say this for them - they're putting out a lot of very timely charts and commentary on their intradays, so they are working hard. I think they have trouble being certain about direction a lot of the time.Thats kind of understandable. They often have an alternative count which means they're hedging themselves. Its an analysis, not always a tip sheet as such.
I need more time to analyse their work. I might comment again later.But I certainly wont be buying it at that price you quoted Arco. It could be valuable to someone though if not necessarily me.
on intraday today EW are generally short USD , except against the Yen.
gartley AND three indians!
very tempting
As head of the ECB, which controls short term interest rates, Trichet has more influence over the euro's value than any other person. Traders scrutinise his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.
Very trendless actions over the last couple of days, am now waiting for a pullback to recent support at 1.39 before initiating a longer term position.
Is that a big butterfly I see shaping up on the 15min weekly chart?