EUR.USD

[Dazza]

ic, so peat the gartley theory is just to predict point D, of which can be bullish or bearish

and traders will anticipate and buy/sell depending on predicting point D? nice

[peat]

hey dont ask me to explain it.... arco's the expert.
but from what i posted (and of course read) it seems to me the pattern is formed with the acting out of an ABCD pattern and at precisely D you buy or sell depending on which one it is of course and promptly proceed to make a mint. and i think the point is not only that your gartlye is playing out in a pattern that confirms the larger trend but that at point D your risk/reward ratio is highly favourable.

[peat]

still riding one short on this pair....

I'm thinking that the degree of retracement (esp considering how far it did move) is small enough to sustain a bearish stance.
new lows would confirm tho.

[Xerof]

Peat,

dead cat bounce has been seen across the board IMO, but you're right - they all need confirmation

NZD - below 7050
AUD - below 7520
EUR - below 12580
GBP below 18310

nothing too special about those levels, just my feel as to sentimental levels that might trigger decent moves

My only current concern is that USD/CAD has gone the other way overnight, admittedly not much, but the fact remains it has, and it does tend to lead the AUD (and hence NZD)

watching closely.....

meanwhile to keep myself interested and prevent Arkwrights till from rusting up, bought USD/CHF at 1.2200, sold at 1.2261 o/n

Xerof

[peat]

yeh the other possibility of course is that its forming a base to go higher...[}]

love the way you guys just casually pick up 60 pips....
i seem to struggle to break even hahah....

[slam]

quote:Originally posted by Xerof



NZD - below 7050
AUD - below 7520
EUR - below 12580
GBP below 18310


Xerof

Might get your wish soon Xerof. all getting close to breaking

Cheers
Slam

[Xerof]

Hmm, holding so far

[miner]

Might do the one green one red on the daily thing?,short around yesterdays hi maybe.

[peat]

still holding the shorts...
will add more at 1.2730 if it goes there.

[miner]

Well it did what I thought,gave an ok trade,my other 2 played the game and went the other way,so play all 3 or just 1 and use other 2 for confirmation of the move.

jpy moved first then chf so when they play the game as they did yesterday,get on eur as the other 2 have already said what it is going to do before it does it as well as it looking ok too.

Cheers
Miner