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cheers for the reply, and yeah i will look into other indicators thanks,
currently with IG markets, and it seems their charts are stupid... no long term stuff in their charts unfortunately eh....
thanks for the books, ill go find it somewhere
Oil - NZO
REE - ARU
Copper - EQN/OXR/TMR
Iron- AGO/ADY/UMC
Nickel-WSA
PGM/Gold - PLA/VRE
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The pattern may be an emerging Butterfly, not a Gartley.
Stopped out for +26 pips.......small beer [V]
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Heres one for you to peruse Xerof....
discovered today.....and still trying
to understand.
The partial Ceppro v7 display below provides us with a glimpse into the future for the daily AUSTRALIAN DOLLAR.
The top display uses ALL AVAILABLE (Historical) daily price data for the Australian Dollar (including nite session) fed into the program.
The center 'grid' display uses only the most recent price data, approximately two years worth of recent data, to formulate its results. Like the top Historical display, the calculations are strictly 'cyclical' (no mathematics involved) in that it uses pattern matching and detrending techniques, and then the final results are formulated into 'clusters' to isolate the 'peak' dates for trading purposes (the expected turns).
The bottom 'grid' uses no pattern matching or detrending at all. It is based strictly on mathematics (market geometry - X/Y 'time/price' relationships) to formulate its results (these are called 'Fdates').
Note that the bottom two grids are in complete agreement although the method of calculation is night and day. The upper date list (Historical) is in agreement with the exception that its turn dates are shifted one bar to the left.
http://69.94.4.154/cgi-bin/webbbs_config.pl?read=3736
I have made some notes on my charts, so will be
interested to see what transpires.
arco
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Hello Xerof
Yes I am familiar with Rick Ratchford / Profitmax
from way back when we were both interested in
trying to get out head around Gann swing timing/dates.
However, he now seems to be using the Ceppro v7 programme
for calculating swing dates. I'm interested to see how this
programme performs, but there does not appear to be a trial
period.
http://www.trade2succeed.com/installs/ceppro/
Any FX positions open presently ??
arco
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29/4
quote:The pattern may be an emerging Butterfly,
not a Gartley
Well, yes, certainly a good bearish pattern so far
with around 120 pips top to recent bottom.
Although a "Scouting Party' ventured across the
demarcation line @ 7812 they were repelled at 7840
by a large Cabbage White. Butterflies are as powerful
as bears it would seem.
To cap it all t oscillator has dropped negative of zero.
More to come, me thinks.
arco
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Arco, good afternoon,
no medium term positions open at the moment, just jobbing a few small positions around.
Generally like the USD at this stage, but don't usually trade much before payrolls, so getting on with some documentation for the "Xerof fund", for want of a better name.
Yes, although I picked last Fridays messy 'spike highs' correctly, it left me square and slightly less motivated this week.
I note the CAD 'turned' last night, and AUD looks to have turned also - your friend at Profitmax might be worth following.
cheers
Xerof
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Anybody brave enough to sell a clean break of 7730? Might be interesting, as in wave 5 now, targeting 7580 (courtesy of a Black Swan trade setup recommendation, with a stop at 7770)
I've got enough positions on board at the moment, so won't be participating
Xerof
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Yes there is always a danger of getting too
many positions on.
However, I do think AUD is a good candidate
for a lower move for a number of reasons.
7813 should hold as resistance.
Areas where some support may be found - 7568,
and lower if broken at 7324.
arco
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