sharetrader
Page 122 of 167 FirstFirst ... 2272112118119120121122123124125126132 ... LastLast
Results 1,211 to 1,220 of 1664

Thread: Nzd.usd

  1. #1211
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default Harmonic patterns approach

    Here again in the hourly picture I see the Kiwi through the harmonic patterns of a gartley and a butterfly - yes I could post this in the other thread, its always such a tough decision .
    Firstly on the left there was the gartley where there was a 61% retracement with a bounce from there and then a 76% retracement with the rise from there being 120 pips. Fibs are not shown but trust me they are spot on. So it performed as might be expected.

    Then to the right and still playing out is a butterfly pattern encompassing the gartley. Here we see a 76% retracement (a bit less actually) down to the marked A point at 7030 followed by a rise to 7080 and then the fall down to 6966 which was the maximum allowable in a butterfly at 162%. Then this really strong rally overnight going straight back to the 7060 area which is now the support/resistance being just above the A point and according to the theory the trigger point for a long.
    For clarity, nothing I say is advice....

  2. #1212
    Member Pumice's Avatar
    Join Date
    Jul 2009
    Location
    Brisbane
    Posts
    311

    Default

    I'm staying short, I see it bouncing off the 100 day SMA. and still within a channel.
    But it is struggling with the 200 day SMA.
    Last edited by Pumice; 07-04-2010 at 05:31 PM. Reason: Needs graph

  3. #1213
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    Quote Originally Posted by peat View Post
    the 7060 area which is now the support/resistance being just above the A point and according to the theory the trigger point for a long.
    bought some more in the dip at 7020 closing that now at 7120 .... technically the butterfly has almost played out at this region. but the big wins come from holding out for some more....
    Last edited by peat; 09-04-2010 at 11:06 PM.
    For clarity, nothing I say is advice....

  4. #1214
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    looked like some good opportunities to buy in the dips today.
    For clarity, nothing I say is advice....

  5. #1215
    Senior Member
    Join Date
    Jun 2009
    Location
    Vancouver
    Posts
    699

    Default

    You guys have a 1 year outlook for USD?

  6. #1216
    Adventurer Silverlight's Avatar
    Join Date
    Dec 2009
    Posts
    492

    Default

    Pumice that looks like a great "Bull flag" in your chart from 7 April.

    May be looking for a breakout above the top downtend line?
    ~ * ~ De Peones a Reinas ~ * ~

  7. #1217
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    6,435

    Default

    yeh exactly silverlight.... it seems as though its heading for his upper trendline as well. i've been playing the long side, but taking profits when they're there and then having another go after the falls....

  8. #1218
    Member Pumice's Avatar
    Join Date
    Jul 2009
    Location
    Brisbane
    Posts
    311

    Default

    I cant say I'm convinced, I'm still looking for the downside. However I have unrealised losses that a close to being stoped out. So I may be convinced soon.

  9. #1219
    Adventurer Silverlight's Avatar
    Join Date
    Dec 2009
    Posts
    492

    Default

    Bull flag break out?
    ~ * ~ De Peones a Reinas ~ * ~

  10. #1220
    Member Pumice's Avatar
    Join Date
    Jul 2009
    Location
    Brisbane
    Posts
    311

    Default

    Certainly appears that way. Could be a bit over bought, but it looks like people love the Kiwi!!

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •