GBP.USD

**arco** · 28-09-2009, 03:02 PM

Got triggered in to this trade this morning, and have now taken a profit

**peat** · 03-10-2009, 10:34 AM

I did see a bullish pattern form with cable after NFP.
small trade as its against the main trend I think but currently +63

**peat** · 05-10-2009, 01:55 PM

closed this out for +97

**arco** · 08-10-2009, 05:49 PM

Longer term the H&S may have its day

So IMO we could see a return towards the neckline, and if that holds at resistance, the bears may gain control for a while.

Here's the earlier chart. I'm not sure if I got around to posting it

**loofa** · 09-10-2009, 09:19 AM

arco,
How did you see the position at NZ06:30 8th Oct?
1. Breached the three previous minor highs of 24+ hours
2. MACD divergence if you believe in such things

**arco** · 09-10-2009, 09:52 AM

Originally Posted by loofa

arco,
How did you see the position at NZ06:30 8th Oct?
1. Breached the three previous minor highs of 24+ hours
2. MACD divergence if you believe in such things

Morning Loofa
As per my previous post, PA had been indicating continued northbound movement, which I had been predicting for 6/7 days. (H&S test)

The 0630 candle started to set up another Ichi long signal on the 30m TF, and a position could have been taken or pyramided circa 1.5980 for a max gain of circa 140 pips.

Divergences can be powerful indicators, although like everything, they are not foolproof. In this case I have just checked and MacD certainly gave a good signal although I dont personally use it.

rgds - arco

**arco** · 09-10-2009, 10:09 AM

Just reviewing the H4 and presently the PA may be forming a DCC at the Kumo top edge with Chikou baulking at the bottom edge. The bold purple line is the H&S line