AUD.JPY

[peat]

Note how on that previous picture the above strategy applied to the 161 ext would have been painful several times (the strategy encourages re-entry after being stopped if the entry rule conditions are satisfied again) but would have ultimately given the 400 pip target back to the 100% level (and potentially 550)

[peat]

99 has been hit now.... I cant trade away from home but supposedley thats the short signal - target 500 pips @ 95
Looking quickly, similar stuff is happening on Eur/Jpy as well. target there 159... currently 162.46

didint get quite the same levels on USD GBP or CHF yen crosses.

[peat]

just checked my trading platform and little did i know that a stop I'd left in place at 100.08 was hit so currently +70 on this now.

[:I][:I]

[arco]

Nice going Peat

[peat]

I kind of have the satisfaction of having identified (and posted) the trade tho not really the satisfaction of trading it except by a chance error. I will smile sheepishly but still bank the pips.
The reason I opened the platform was to short it at around 99.5 tho.

[peat]

thought I had to bail on it to preserve +30

[peat]

is it bombs away this time?

[arco]

Hi Peat

Certainly a nice divergence showing and the Chikou looks poised to beak through.



regards - arco

[dumbass]

bat on an alternate bat , q stick in divergence

rsi trend line still intact

[arco]

DB

Yes, I was looking at this earlier today and it has alot of potential IMO.

We just need to see a nice reversal signal now.

rgds - arco