GBP.USD

[arco]

Never bought into that triangle theory.....it
just didn't fit with my TA.

Xerof - Are you paying for Stormy calls?

[Xerof]

No, he occasionally posts free analysis on his site, and/or posts them on www.trade2win.com, but seems to only go public when he's very confident with the tea leaves

Xerof

sori, had misquoted website address

[Xerof]

Like EURO, GBP has done 5 waves down on 60 minute chart. 1.8600 area should contain any corrective rally

I don't have a position here, but will consider selling a rally to 1.8600


Xerof

[Xerof]

Bought 1 unit of GBP/USD at 1.8476 with a s/l at 1.8448, target 1.8568

Seems very, very oversold to me this morning

Xerof

[arco]

Initial Gartley objective targets are 8426-8517
so we may see a pivot form around this point.

[Xerof]

No joy, stopped out, tho still v o/sold. Perhaps a bounce from current levels is possible but will stay square now

Xerof

[arco]

Just took 79 pips from the short that got triggered
below w/e pivot at 8460.

[Xerof]

Arco, "being brave when others etc...." well done

[arco]

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.

[Xerof]

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