GBP.JPY

**arco** · 21-09-2009, 09:54 PM

Hi Peat

Is there a separate ruling on entry after one failed attempt?

Would that earlier BF have originally triggered on the low of the next BF 'A' pivot?

**peat** · 21-09-2009, 10:00 PM

not that I know of

it didnt quite trigger on the first attempt imo.
this is the tricky bit really, but i think on a daily graph you need the close below the dotted line to be absolutely sure, which can mean you'll miss a bit of course.
But perhaps a clear impulsive movement through the line may be enough to convince. hey, you're the expert!!

**arco** · 26-09-2009, 11:11 AM

Asleep at the wheel........Spotted this one a bit late, but you can quite clearly see the bearish Gartley rejection at the Kumo

**arco** · 28-09-2009, 02:19 PM

Originally Posted by arco

Asleep at the wheel........Spotted this one a bit late, but you can quite clearly see the bearish Gartley rejection at the Kumo

Closed this trade now +311

Good start to the week

.

**peat** · 30-09-2009, 09:26 AM

so that activation of the second bearish butterfly that I talked about in post #90 consisting of a break of 148 occurred the day I left - sep 24. theoretical target of 138.56 is still 500 pips away from current price of 143.83 .

But, need to find a new entry setup. break of flagish trendline on the hourly?

**arco** · 30-09-2009, 11:42 AM

Hi Peat

Trust you had a good time.

Yes, PA looking tired now, Kumo thickening, Chikou approaching plot and KS (blue) both as potential resistance.

The flag break might be the go, or scale in after a candle pattern. Grey box zone may be the max

**arco** · 30-09-2009, 04:27 PM

Wouldn't take much for the Chikou line to break through the PA,
and the ozone layer in that cloud looks a bit thin.
Action could currently be forming a 3 Falling pattern.

Just 'mind the gap' (turquoise) It held as support before