Nzd.usd

[boysy]

Bush is sending mixed signals to market just watch how the fed acts in the short term

[peat]

As I commented in the Gartley Butterfly thread the kiwi is forming a better proportioned wing creature than the Aussie
Here I have modified the Gartley to 'idealize' the B and D points. Real prices themselves are not too far away. Tho B never went high enough D is still clawing for the correct D level.

I've added Fib time zones to the picture as well and it points to Oct 5th being the approximate turning point. Notice how A and C turned early tho.

[dumbass]

stalled a little at this gartley reversal zone maybe time for a breather

but being the kiwi probably not

[peat]

I've added Fib time zones to the picture as well and it points to Oct 5th being the approximate turning point

3 more days so thats Fri and guess what this Fri is NFP

So heres my bold prediction - Strong (US) employment figures this week will herald a rally in USD.

[arco]

Hi Peat

Yes, as we said on Sunday - so many levels reached on so many charts........surely has to be a sign. Maybe the power of the "herd behavior" bringing it all together.

I'll check out a couple of timing technqiues, - see if they correspond.


arco

[peat]

Kiwi is raging buy right now I reckon

Gartley just completed on the 15 min

[peat]

As you can see I've had couple of longs - first fdrom the 7605 level then closed one at C and set a limit which got triggered (pretty quickly ) while I slept - stop loss always at the 7585 levels

Let see if we get to 7660 quite quickly as the pattern suggests.

[FTG]

The longer this ranging action goes on the more likely that the eventual breakout (whichever way) will be more explosive.

[peat]

so a maximum of 25 (very quick) pips on that trade was possible... but now its peeled back into the PPZ (profit protection zone) and I've closed it for minimal gain.....

I noted a bigger picture (1 hr candles) gartley possibility looking like D point might go as low as .7540 ish which may be playing out and counter to the smaller one I just tried.

Still, a reasonable trade tho imo - any trade that quickly goes into profit and offers the opportunity for some credit with minimal risk shouldnt be sniffed at.

As roddy says - back to the hatchery LOL

[arco]

Morning All

We can see a definate Gartley shape forming with B382, and the current
high is 1618 wave A (or 1?). EW-wise this may be approaching the end of wave C(or 3?).
Direction has a south bias in the short/medium term IMO. Major Gann is still a little
way above, so we need to see a reversal confirmation signal before making any decision.

Heres a Pitchfork chart for a change, and you can definately see there
is potential for a Gartley termination (PRZ) around the PF centre tyne.
(PF in Red TBC = to be confirmed).


Peat - you appear to be scalping nicely with the short term BFs.

rgds - arco