to me the 618 retracement is a more significant reversal point , yet its not quite the dominant fib level in harmonic patterns
im kind of surprised that there are no patterns that have prz at 618 , it seems to me theres very often a reaction around this level
could be a opportunity to be immortalised with a catchy name
maybe bat , butterfly , crab and the COCK
Last edited by dumbass; 09-04-2008 at 01:28 PM.
Reason: writing utter crap because im bored
in a very concise response it pays to be a jack of all trades
a little bit of candlestick , patterns , harmonics especially and a little elliot wave
sometimes the stars align and everything confirms , this trade is worth waiting for
shares are very tradeable using tehnical indicators and its got me thinking one thing i miss from share trading is volume , i allways felt it was a good indicator but no direct volume parameters in forex
arcos trades are well worth studying as hes been doing it a while and hes bloody good
at the minute 9.57 there is a bearish butterfly on the gpb hourly starting from the 14 till now at 127 currently.waiting to see if it is going to morph to 161.or a reversal
not much point in posting chart as dailyfx charts are cr***p lines go all over the place.
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