Out of this pair after trailing stop (raised last night to 11820) hit at NY open.
Xerof
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Out of this pair after trailing stop (raised last night to 11820) hit at NY open.
Xerof
Likewise, trailing stop hit o/n.
Ditto, Trailing Hit[V]
May have found support around here though
Slam
Support looking a bit better now
worth watching
slam
Here we go - I think ;)
Looks like a WW setup for a run north.
In at 1778....see how it goes. +5
http://www.khalsaspad.com/files/101905_134.gif
Hi arco
WWs seem to popping up on few of your charts lately;)
slam
Hi Slam
Yep, whatever works.................
just another tool in the pip collectors ars*enal ;)
Gann. Gartley. Wolfe.........put 'em in the melting pot and whaddyaget...........pips (hopefully)
arco
Hehe,
I was waiting for 11740 personally (gartley as usual:):)) but having seen your recent WW success on GBP, have whistled up the hounds and joined the hunt on the strength of that.
Seems Rest of World like to buy it, then North America smash it back in the last few sessions...
Xerof
Hi Xerof
Well I only stepped in with 25% of the usual order and will average once I see how it goes.
In classic Wolfe Wave I understand the buy point is when the action hits the 1-3 line.
arco
Morning All
Yesterdays minor reversal gave circa 40 pips for scalping wolf hunters, and now today we see the possibility of a Falling Wedge forming.
Falling wedges can be either reversal or continuation patterns. When they occur in downtrends they are almost always reversal patterns.
Therefore - a low risk entry can be obtained IMO
Adding another 25% @ 1752
arco
http://www.khalsaspad.com/files/102005_can_200.gif
Added at 11740, as suggested yesterday, but with a VERY tight stop on both at 11730.
On a closer look, and to add another formation into the mix, I wonder if this is the slightly bigger piccy for USD.CAD
http://img416.imageshack.us/img416/2939/usdcad0dl.png
Interestingly, if I were to add another line at the beginning of this formation, and join points 1 and 4, I can also get a WW, meaning it should drop immediately and head for 11550. Hence my tight stop.
BTW, Mr Wolfe's waves look very similar to classic falling and rising wedge formations. Anybody willing to pay USD3k to do his course, with a requirement to sign a confidentiality agreement?
Xerof
Morning Xerof
Yes I think thats all WW's are bascially, perhaps with a few additional refinements. I looked at the idea several years ago and at that time realised they were still not the Holy Grail.
I havent got the EOD yet from Rooters,,,,15 minutes to go before its available, so I will be getting a better idea then (I hope).
Perhaps a good idea to scalp some pips off CAD until the direction is more clear.
arco
Morning Arco, seems we were both beavering on this one at the same time. If you take your 60 min view, and my daily view, should be heading to 11900+ [8)][8)]
As I say, my only concern is a direct loss of the short term trend line, which would only add to Mr Wolfe's credibility and subtract from my capital[xx(][xx(]
Xerof
11963 perhaps.
The new uptrend line is intact on the EOD, but I would prefer to see the oscillator above the zero line. Action is still struggling to exit the Buttefly traps.
arco
Sleepy scalpers or even techy traders with a million units can breeze home now with 20 pips ($1700).......then again - who knows, there may be more).