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Initial Gartley objective targets are 8426-8517
so we may see a pivot form around this point.
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No joy, stopped out, tho still v o/sold. Perhaps a bounce from current levels is possible but will stay square now
Xerof
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Just took 79 pips from the short that got triggered
below w/e pivot at 8460.
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Arco, "being brave when others etc...." well done
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You know that 9 red candles in a row is almost an
open invitation for a green light to appear and
send the shorts scurrying for cover.
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Arco, remember this diamond formation from ol' stormy?
http://www.stormyforex.com/showimg.aspx?imgid=23
sell on a rally to 1.8500 is his latest call
Todays 9th daily candle has sufficient time left for a long wick to dangle below....
I have a small pair of longs waiting to be filled at 1.8280 s/l 1.8250, but would then rebuy around 1.8200 with tight stop if wrong initially
Xerof
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Xerof
Judging by your last photo those small pair of
longs are not going to fit anymore are they?
Stormys Chart
Interesting divergence on the Momentum, and
can you see the very obvious Bullish Butterfly?
Is that diamond really a diamond ?
More like a Flag IMO - (extend the left line)?
This is a traditional Diamond Top
Minor uptrend line approaching captain, prepare
the reverse thrust.
arco
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Thanks for expert comment - my TA book is winging its way from Amazon at this very moment, so will be able to DIY in a few years
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Member
quote: Originally posted by Xerof
Thanks for expert comment - my TA book is winging its way from Amazon at this very moment, so will be able to DIY in a few years
Same here...eagerly awaiting its arrival.
After having been pounded by the pound(I went long on a hunch looking for a bounce) I'm keen to spend more time on my FOREX education.
Speaking of education, I learned why stop losses could have been quite useful had I applied them appropriately.
At least I can console myself with the fact that the "lesson" only cost a little bit of money and a bruised ego
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Went long at 1.8340, +66 atm
see how we go
Tight stop
Slam
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