GBP.USD

[Sulman]

Sadly I didn't trade enough make me happy Xerof. <LOL>

Vegas' system has great visual merit. It helps anyway.

Note how quickly one can also learn to adapt previously undiscovered indicators like Camarilla Levels to good purpose.

I'm getting accustomed to a better flexibility in trade strategies and... I've only just discovered the metatrader.org site (amongst others).

Sulman

[Sulman]

Not quite a Butterfly but seems to have taken.

[arco]

Weekly prints an interesting Blue Morpho

[arco]

Its a wet day on the Sunshine Coast, so with a bit of time on my hands heres my possible EW count on the weekly GBP.

http://detachedtrader.com/forum/inde...ype=post&id=42

regards - arco

[roddy]

Hi All
went long this morning on this pair,8662-stop 8614 looking for a reversal
reason for probable trade
>boucing off Gann support.
>DOji
>bouncing off medium term trend line
>50%fib level

cheers cadet roddy

[arco]

Hi Roddy

Looks like you should be doing OK with this one.

I mentioned on the JPY thread that a big move in GBP was about to happen, and that gave circa 160 pips so far.

Further confirmations now given on the EOD with a Morning Star off Gann support and the uptrend line. Bit of possible hesitation to watch for circa 8800 coupled with the oscillator still being below the mid line.

regards - arco

[roddy]

Hi Arco,
i exited trade at 8738 for 76 pips, waiting to see which way its going to go on the 15 min chart,a wedge is forming, i see the Morning star (bottom reversal pattern) but not until you mentioned it.

Also straddled kiwi announcement was filled at 6427 i could of exited near 6454 but thought it would reverse possibly 15 pip then find support which never happened,

possible reasons could be

> kiwi is weak at the moment as there was no follow through after retail trade was up .5%
>Gann fan says resistance is at 6450
>havent seen a close above medium term trend line
>possibly might be seeing a falling three pattern emerging
>not sure whether straddle is a good strategy or not?and i executed it poorly
however no damage done with stop being hit!

still polishing boots.
cadet roddy

[roddy]

Hi
Rentered long trade looks like an ascending triangle is forming on the 5 and 15 min chart also medium trend line is support

cheers cadet roddy

[roddy]

hi
out of trade,GBP has broken trend line,
have been away from desk so missed 60 level,but
have 84 pip over the two trades

cheers cadet roddy

[arco]

Follow on from 12/9..............

GBP still bearing fruit with a max of circa 310 pips so far.
Some profit taken off the table, and trailing stop on balance.

Hoping for more in the short/medium term.

GTA - arco