adding the pics to show what I meant by my previous post
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adding the pics to show what I meant by my previous post
moving into strongly positive territory.
taken 10% of the trade off at +70
(the next day)
taking 20% off at +130
(six hours later again)
first preset target was hit - love those Oanda green dots ! so thats another 20% taken off at +180. half the trade still rolling. big targets for the remainder so it is not unexpected that a fair amount will be retraced before further gains - I may well replace some of the closed trades if it goes up enough i,e re add shorts.
Nice one Peat.
I've been scalping some long on the retrace and peeling a few off as I go along.
whereas I've been scalping it short.
3 trades adding 90 pips to the banked profits, tho of course the larger short position has suffered. this as I said was to be expected..
the rise this morning hit my trailing stop on the remaining half of the trade at +44 - wasnt expecting such a resurgence so certainly not going to let it all go bad
may be close to triangle completing and bearish elliot count may take prices lower.
http://iforce.co.nz/i/txzpgs1r.jpg
closed this morning 140+ , that could be 5 waves down and now should retrace for another short entry.
There may be a low risk short entry here.
5 waves down from 14483 which will set risk limit , when ascending wedge breaks could be good for a couple of hundred.
would be great if ran up to 78.6 around 14440
http://iforce.co.nz/i/keznzt2r.jpg
Hi DB
I also like this for a possible short.
Looks like a bear flag,but all the signals have not stacked up yet.
Hugh fall of 900 pips and only a 23.6 retrace.......bit peculiar
here's the weekly
http://i50.tinypic.com/33mc2dh.gif
hi arco, i get where your coming from, but i suppose when a move gets going the big retraces just never come.
i suppose its only fair watching everything else climb vertically against the usd it may have a TEMPORARY day in the sun.
to me this was a great low risk trade in at 14440 with a risk of 50 pips.
Just printed a evening star on h1 but i suspect it will be a slow grind untill NFPs out the way.
LOVING the site keep up the great work.
paul
NZ Brokers?
Hi does anyone know of reliable kiwi brokers ? I have been with WSD Global markets based in Auckland , and NZX regulated . They offer some of the best spreads in the market w/ 0.5 Pip spread on EURUSD..
Anyone fancy some crackling?
The mess the pigs are in will affect the world
http://www.nzherald.co.nz/business/n...0624864&pnum=2
another free stratfor article on Germany with lots of comments on the Euro....
http://www.stratfor.com/weekly/20100...1d1f11e6a1986a