EUR.GBP

[arco]

Hi Peat

The lower pane indicator is a MacD (Dinapoli version). I have access to the MS code - let me know if you need it, (and I also think its available on MT4).

regards - arco

[Bede]

Hi ARCO..finally made it here !
My butterfly well and truly broke at the 0.6600 level.Monthly charts suggests a potential 1:1 low at 0.6539 or a AB=CD on monthly for the current wave formation a low to 0.6510..have tried to post the monthly, daily and hourly charts but cant upload.

[arco]

Welcome Bede
Good to see you here.

Re Images.
You can use Imageshack (free), or similar, to host your image and post the url using the yellow buttton 'Insert Image'.

regards - arco

[peat]

a small time frame play here
my rationale behind shorting the Eur/Gbp at .6836 was that there was a confluence of 2 fib extns. the 161% extension of .6751 to .6804 and the 261% exension of 6774 to 6799. these both approximated 6838. theres a obvious 5 wave pattern ending there. this gives a min target of 6814 with traiing stop there for 6804 possible. stop now at b/e
yes its a small target due to the size of the original swing being only 90 pips (playing the 38% retracment of that swing)

[peat]

as described above ....

[peat]

target .6814 was met 22 pips banked.

[miner]

[8D]

[peat]

bother missed this one by a smidgen.....

[arco]

Hard to say if the 5th wave is complete but when it is and at some point in the not too distant future this BF should produce 400 pips+/-

Watching in the wings.................

[peat]

duly noted arco
in the meantime I will bank 20 from the first long in the gartley/bf thread and hold the 2nd that I got lower in pursuit of more.