GBP.USD

**arco** · 13-09-2009, 10:55 AM

Potential H&S forming

**arco** · 14-09-2009, 09:15 PM

Good entry achieved off H1

**peat** · 15-09-2009, 09:48 PM

a few red 30 minute candles is helping the 1.6575 entry from y'day along a bit better now to +60 but had to endure a -90 at one stage (with a -150 pip stop at the high of 1.6740.
I might try and hang out for that 1.53 grey box !
Could be we're impulsive down now coz that rally last 24 hours sure looked corrective to me

**arco** · 16-09-2009, 04:52 PM

Hi Peat

Yes agree, it does look a bit corrective.

I took a profit on the original trade - I still find it real hard to resist a profit and to hang on through those ups and downs.

Anyway, looking to get back in now on a wave 2 retrace, and will try to hang in longer, or at least leave some on the table for the grey box.

H1 chart. Possibility of a wave 'c' move to the Kumo or just beyond to broken trend-line perhaps), - forming a Gartley.

Short term trade potential north. SAR at Gartley

BTW. I like the Evening Star on the daily chart.

**arco** · 16-09-2009, 07:22 PM

.
So far, so good.

**arco** · 16-09-2009, 09:19 PM

60 pips taken. Happy with that

.............could be more but I can sleep easy

I'll look for a reversal pattern to form below the Kumo.

**arco** · 17-09-2009, 05:00 PM

Yesterdays action visited the Kumo as expected(yellow spot) giving a roller coaster ride for hangers on and only a few extra pips.

The current PA is bogged down under the Kumo, and with a DT line not far above and a potential flag, longs should be cautious IMO