Gartley/Butterfly patterns

[arco]

HI Xerof
Looking pretty strong at the mom.....depending on ones stance, an EOD reversal pattern btw 6600-6720 on the daily might be the catlyst for a nice short IMO.

[Dazza]

EUR/USD
1 month 30 min chart

x at 2820 nov 9th

a at 2900 nov 10th

b at 2840 nov 10th

c at 2880 nov 13th

d at 2830 nov 13th


what do u reackon guys?

target? how do u measure targets?

[roddy]

Hi Dazza

Good spotting for that hour of the morning my brain likes to be asleep in the wee early hours

Did you take the trade from 1.2795 area which is 127
level on the figures you quoted?

cheers cadet roddy

[Dazza]

no i missed it

i longed around 2840

with stop loss at 2810

><

got stopped out eh

[Xerof]

Maybe one to consider next week....

A Wolfe/Butterfly combo



Xerof

[roddy]

Hi Xerof/all

your trade has retraced well from fib 1.272 level,

what do you think of this,not sure whether x should be where i have it or higher at the 1.2830 level



cheers roddy

[Xerof]

USD/CAD update:

Shorted 1.1480, but like all public transport, the train was a little late leaving the station....

s/l is now at the 2-4 line intersection for +130 minimum

update: clipped my ticket for +130...might reboard next week



Xerof

[Xerof]

Roddy, I personally think this tells the story of recent price action



Xerof

[arco]

Xerof

Excellent.

I took 2 x 60pips (targets hit while out at dinner with friends), and the last position without a target I managed to close at 1311 (jammy!!) for 84pips just before I went to bed.

Anyway, looks like a nice retrace and may be another opportunity.

Good weekend all - arco

[roddy]

Xerof/Arco,

Great trading and thanks for posting,you two make it look so easy!

cheers and have a great weekend.
roddy