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Morning Xerof
A moment of boredom and a bottle of red wine
Have a nice trip to the frozen south.
I am in my shorts here in Bermuda.
The Red Admiral
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What do you mean frozen south, I'm sitting outside in my thermal underwear lapping up the -12 wind chill easterly[8D]very[8D]
Cheers
Slam
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Just to show when a Gartley and Butterfly come together they can act as a powerful force.
Of course the Gartley could always disapoint and turn into a Red Admiral.
Coffee - just a mugs game
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Here's one that's followed the text books very nicely.
I missed the first smaller one as it turned down early, but last nights move right to the top of the batters box allowed me to get a greedy sell done at 1.3048, with little stress beyond that level.
Note that it looked likely initially to be a gartley, with the stalling around 1.2940, but only fell back to the strong trendline before resuming the rally. This time its broken the trendline, and has MACD confirmation.
The three red lines are H, L and mid 34 EMA, which are also flattening out. I use this 'wave' as a visual aid for what the prevailing trend is - no more than that
Trailing stop at b/e at the moment and will see what happens
Xerof
Stopped at b/e[xx(]
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I was also lurking on the bid just below 11900 for this one, but, unlike USD.CHF, it failed to get far enough into the zone for me.
Xerof
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Morning Xerof
You may not have missed the boat. Only time will tell but there is still another scenario lurking IMO.
This is not a traditional Butterfly pattern as we know it but if it completes I call it 'Cliffhanger'. (It's in the book if I ever get it finished [:I])
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Xerof - I've decided to make it a limited edition.
What do you reckon its worth ?
Legend has it that book written in the 30's by a dude named Gartley sold for $1500 per copy then. About the cost of three small cars in those days I reckon!
arco
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