Nzd.usd

[peat]

was pretty lucky , shorted again at 0.7155 last nite just before i went to sleep...

[Xerof]

Arco, yes noted thanks, I redrew neckline using line chart last night - then reverted chart to a HLC - last nights top was about 5 pips under perfection

Xerof

[peat]

doubled up at .7133 , set stop to break even and it just got taken out hahah.... the kiwi is a shocker
still holding the euro short from 1.2335 tho

[peat]

Kiwi is really having a life of its own it seems to me....

[Walt]

You're fighting our ludicrously hawkish CB ... honestly, they'll be easing by Q4 '04 at this rate ...

Kiwi will have its waterloo when the Q1 data starts undershooting ... course commodity strength isn't helping shorts either, ditto the Aussie ...

[Xerof]

Peat, yr post on the AUD thread refers

I still see the H&S pattern, with current northerly progress still retesting the neckline, now residing around 7200 area, based on EOD data. BUT, I also see an inverse H&S pattern which has formed below the neckline of the larger H&S over the past few weeks, so need to carefully watch price action in early 72's for a continuation of uptrend. i.e. a failed H&S.

Interested in others views on this

Xerof

[arco]

Morning Xerof

I mentioned possible General Gann resistance
could halt progress circa 7202. The overnight
high was 7197, so we could see a little hesitation
at this point. Major Gann will muster his troops
more to the North and I expect he will be almost
impenetrable at co-ordinates 7324.

Yes I see that little Inverse Head and Shoulders
you mentioned. I will have a word with Dan Druff
about this, however if I use the normal H & S
yardstick it amazingly projects the action to circa
7350........not a million miles from Major Gann's
position at 7324.

Keep smiling

PS. How much is my $20 worth now in the Fund of Funds.

[Xerof]

Well lets see now, after fees for entry, your share of the launch party costs, Colonel Gann's appearance fee, and that first dumb deal I did on your behalf..... er, can I have your address to send you the bill for $8.60

I'm in the final throes of getting documentation out to my 'habituals, close business associates etc', then wait for their cheques to stop bouncing, and away we go.

Thanks for comments on NZD. Maybe sell 7200 with very tight stop and reverse perhaps - if one HAS to have a trade on.

Xerof

[zyreon]

nice little cascade there

[Xerof]

Looks a bit like the original H&S has developed as expected - dammit, side tracked today and missed all the activity

But see trendline support at 7080 in the interim, but v limited bounces now I feel. Otherwise might have to chase it lower....

Xerof