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Thread: GBP.USD

  1. #21
    action-reaction arco's Avatar
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    pringy

    If you want a starter course on EW you could try the site below, or do a search on Google where you will find many more sites.

    http://www.elliott-wave-theory.com/e...1.html#general

    However, bear in mind its very complicated and
    even 'wavers' often can't agree on wave counts.

    I personally use a simple version of my
    own - Arcowaves ,
    so you cant always rely on my lettering/numbering
    as perfect EW notation.
    (And FYI - abcde is often used for Triangles).

    Arco










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  2. #22
    action-reaction arco's Avatar
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    Check GBP.USD out on tacticaltrader.com
    if you like to follow this pair.

    GTA





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  3. #23
    action-reaction arco's Avatar
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    The current short is showing +105 on Thursdays
    entry and +32 on a pyramid entry.
    More info on TT.

    arco



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  4. #24
    action-reaction arco's Avatar
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    Position stopped out at breakeven.
    No damage fortunately.

    Sometimes a short term profit can be
    more rewarding......but hindsight is a
    wonderful thing

    There were a few worries with GBP as
    I mentioned earlier so will remain flat
    until the position becomes more clear.



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  5. #25
    action-reaction arco's Avatar
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    Back on the horse...........



    Go, Dobbin, go....

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  6. #26
    Guru Xerof's Avatar
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    just sold 1 unit of GBP/USD at 1.8990. S/L 1.9041

    Xerof

  7. #27
    action-reaction arco's Avatar
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    SL hit at 8973.....Profit 63 pips.

    Expect to re-enter shortly.

    Xerof - Any idea what's causing the surge?

    arco





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  8. #28
    Guru Xerof's Avatar
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    I think its just the usual counter-intuitive post risk event move (hows that!) In other words - a short squeeze of long dollar positions built up over the past week, in case the Fed altered its wording or went 50 points.

    In hindsight I might have got in a little too early - London session might be rather interesting....

    Default MACD's, SMA 10,20 have all crossed positively on 2 hourly charts for all the major currencies, incl Kiwi....

    Xerof

  9. #29
    action-reaction arco's Avatar
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    Interesting move, - could be testing
    polarity change on the 9043 line.

    No position, but will follow up behind
    with a trailing short.

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  10. #30
    Guru Xerof's Avatar
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    More on your query re yesterdays surge after FED raised rates - this might put some insight into why the move occurred, and is continuing tonight, and may be near the mark as to what the market is thinking - fundamentals I'm afraid[8D][8D]

    http://www.blackswantrading.com/file...sccc050505.pdf

    Xerof

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