DA
Nice charting. Where are your charts from?
Loonie looks like it might break down further.
rgds - arco
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DA
Nice charting. Where are your charts from?
Loonie looks like it might break down further.
rgds - arco
DA
i was thinking the same thing as ARCO, great charts.
i am long Euro in at 3843 letting the trend do its thing this time and not closing out too early.
cheers
roddy
thanks guys , just on metastock and if you save as html and open in paint the image is small
enough to be posted.
i can give more details if you want
...........butterfly on a deep crab - thats probably illegal in NZ (we're soooo PC)
.....how did you know the loonie was the one to watch......Simple fibonacci stuff really - theres a longstanding shape from June 06 (incredible likeness to a bat) that is in the potential fib reversal zone, a Gartley from Nov 05, plus the one/s you've noted, all tying in. Add the divergence on the weekly, and it shouts ........keep an eye on the action chaps - just in case this may be the real thing.
Hi DB
I consider myself very much a learner at this stage,i tend to carry a too tighter stop, I am very conscious of preservation of capital, was short the kiwi twice on 17 sept got stopped twice only to see it fall to 7020,the EURO i got tired of waiting,rejoined at the breakout but got stopped again.
i trade a mini account and since start of April have made 34% return,doing 110 trades,don't know whether thats good or average.
cheers
roddy
sounds pretty good to me , probably alot more trades than i would do in that time but your making money which puts you ahead of the rest and me , well done
Roddy.
Consider yourself in the top 5%.............the other 95% are loosing money, and will soon be contacting you to buy signals.
rgds - arco
wow
parity
my netdania skills arent that great but you get the picture... those solid horizontal lines are the std fibs and somewhere around 9956 would be the 78 % retracement. about 10 pips lower than it is now... stop would be 9936. I havent showed it but there is RSI divergence from the 22:00 low.
http://img440.imageshack.us/img440/2...5102007bv6.jpg
Hi Peat
Might be a little trade......
Did you see/trade the Gartley prior?
Yellow horizontal is 786
arco
no I never saw that one. do you think two in a row means double the power? it has after all been a massive decline... surely theres no one left to go short anymore. should really investigate those COT stats or whatever it is that publishes the number of open positions
I also been thinking about what Carney says re time as well how its less important than price and thats good coz clearly nothing significant will happen till after midnite....
Hi Peat
I havent read Carneys 1st book, so I'm in not up with his thinking re timing. My personal thoughts on timing would be uniform 'shape' - which can be created with perfect timing.
Interesting re the Loonie harmonics.......there was actually another little tuquoise Gartley hidden away in the belly of the red number. (see diagram....I've also added TLs which can be considered for potential reversal areas).
rgds - arco
and that is why we have stops!
100 pips down below where mine were now.