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Thread: EUR.AUD

  1. #11
    Legend peat's Avatar
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    good question Arco

    my default setting in FXGame is SL=30 TP=100
    but for this trade I set a 50 pip stop at 1.5699 this being where I had set the X point and TP was set to the previous days high at 1.5915 giving approx a 3:1 reward to risk ratio.
    Last edited by peat; 09-11-2007 at 10:12 AM.

  2. #12
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    nice clean count with some harmonics

    short target possible forming butterfly 159

    in fact most eur crosses looking to move south
    Last edited by dumbass; 05-12-2007 at 09:32 PM.

  3. #13
    action-reaction arco's Avatar
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    Hi All

    Possible a,b,c in action giving potential for 450 pips
    south to complete Red Gartley and 1300+ north if
    this scenario unfolds.

    PTZs shown for old blue BF and potential Red Gartley

    GTA - arco

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  4. #14
    action-reaction arco's Avatar
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    Plot is slowly making its way south towards the red box
    (see previous post) with an overnight low of 1.6286

    So, circa 250 pips in the bag, and perhaps 100-150 more
    pips left as we start to look for a turn north to gather the
    main prize.
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  5. #15
    Legend peat's Avatar
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    is this correction of the rally now another chance to enter for that main prize you think arco?
    i tried to enter a couple of days ago at 1.6070 but only had a 40 pip stop and it went to 1.6000
    I've dipped again (small) at this level 1.6160 and will give it significantly more room to move this time....

    big spread and volatility - not an easy cross
    For clarity, nothing I say is advice....

  6. #16
    Legend peat's Avatar
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    so, have closed that last one out +68 and am seeing a bullish gartley shaping up so have put in limit buys all the way down to the D point.
    For clarity, nothing I say is advice....

  7. #17
    Legend peat's Avatar
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    bullsih gartley has perfectly completed. all entries executed - would have been better to wait and get them all at lower price (hindsight is brilliant!)
    average price = 1.6111
    For clarity, nothing I say is advice....

  8. #18
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    this one looks promising for a long

    peats gartley morphed into butterfly on hourlies

    on daily time frame bigger gartley printing right now

    divergence on q stick

    looks like c wave correction complete with a hammer bottom

    dailyfx jamie reckons may go a tad lower but i would be tempted to have a go at a low risk entry on the hammer bottom as risk limit

  9. #19
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    hi peat

    any thoughts on this one

    waiting for a possible gartley entry on hourlies 159 66 sl 159.oo

  10. #20
    Legend peat's Avatar
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    i still have a limit buy down at 159

    but the short term uptrend last few days has been broken on the hourlies at 1400 today.
    For clarity, nothing I say is advice....

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