EUR.GBP

[arco]

arco

[arco]

Hello All

Its always very nice to wake up and find your position has continued to move in the right direction overnight.

Currently showing +57 pips (Equivalent to +108 in EURO pip profit terms).

There is Chikou support around 6723 and I also calculated a strong Gann support/resistance point around the same area, so as the action has just broken through it may cause some testing from the south side.

regards - arco

[peat]

you're on fire Arco

and yay I finish up work tomorrow for a few weeks...

[arco]

Hello All

We got the break and test I mentioned yesterday and the action
eventually continued lower with an EOD close printing at 6702.

Currently giving +70 pips (Equivalent to +134 in EURO pip profit terms).

I dont see any reason why the action cannot eventually go down further to test the Sept/Oct supports.

Trailing stop to protect profits.

GTA - arco

[peat]

taken out during the volatility from data , +50 for me. perfectly happy even tho it wasnt fully maximised.

[arco]

Hi Peat

Not bad - and also remembering thats about +95
in Euro terms.

My stop was way higher and I'm still in at +71
(or about +135 in Euro terms).

Good weekend all - arco

[peat]

WOW on the overnight red candle
seems like arco's blue target did get hit eventually....

[arco]

Ahhh Mr Dilmah, you've done it again.

A nice plunge into the blue box as suspected.

[peat]

it did go back up to my entry point during the gestation phase, so that would've freaked me out a bit, but yes - very well done arco.

[peat]

arco, what was the indicator you used at the bottom of the picture you posted on the 8/12/2006
its kind of like MACD but not exactly.... so I am curious.