EUR.USD

[Xerof]

fairy nuff

[peat]

well maybe its a bit safe... more fun than the demo accounts tho, and the longer i play the more experience i can get.

massive kudos to you guys tho... some big pip gains been broadcasted.

[Xerof]

fairy nuff = fair enough

I think you mistook it for something else....hehe

[peat]

i didnt really think that you were calling me a raving gay bar loiterer.
but there was that slight insinuation hahah

[arco]

Xerof

GWD seems to have EW sorted IMO.

Did you read my comment re EUR/GBP on TT early May

.......creating a near picture perfect Gartley with the final leg reversing off the old uptrend line.

........ a modest entry approach using a 1,2,3, Ross Hook, or
similar technique could prove to be fruitful.

............I would now like to see a break of 6836.

arco

[arco]

Xerof

re

quote:"very interesting chart posted on TT by GWD for EUR.USD. Given his track record what do you make of it?"

There is an minor uptrend support line in the vicinity so there could be a possible reversal at this point. We are also very close to the Gartley projection reversal(?) point.

arco

[Xerof]

Arco, you should know I read everything you post

Ok well very interesting. re Gartley on EUR/GBP, are you saying recent low around 6750 was point C on bearish Gartley and we're now going to D with target measured as 7060ish (daily chart) or 6750 was D on bullish Gartley (weekly chart) or perhaps both !! giving similar directional result - up. Sorry for the 'Gartley 101'....

Xerof

[peat]

gartley 101 hahah
i never even heard of gartley... and altho a novice i have heard of most of the technical formations....

fwiw scalped 16 pips on the earlier short.... still one held tho.

[peat]

OK - for myself as much as anyone
Gartley : This pattern consists of a large impulse followed by a pullback in two shorter waves where AB = CD in time length. Ideally, point D is reached as a 62% - 79% retrace of the XA impulse segment; and the shorter wave series most often in the form of a "measured move". The power in fibonacci ratios is anticipating (in time) and entering (in price) the trade at point D with a defined risk level - buy (bullish gartley) in an uptrend, or short (bear gartley) in a downtrend. Most pattern traders will instantly recognize this larger five-point pattern as a bull or bear flag setup. It is also the underlying structure that defines Elliott wave theory in its simplest form.

[peat]

my shorts are going nowhere.... (sounds like something Bart Simpson would say) but I'll run with them still as they hover betweeen profit and loss - i think its called a consolidation period.