i still have a short on Euro initial entry was divergence on rsi daily and failure of 4500 on the hourly tho this has since been taken out, at present my short is under water by 60 odd pips i have a stop in at 4550,this hourly butterfly might help my cause!!
As per the thread title I've spotted a butterfly on the NZD/JPY 15 minute time frame - starting at 21:45 last night (NZT) and with those two strong green candles at 07:15 it would seem to have now confirmed by breaking through 61. Stop might be about 60.60
On my slow bandwidth here I cant post pic sorry but B point at 00:45 this morning NZT.
I've entered at 61.12
Hey arco, I'm not sure if we're on the same wavelength or not tbh, I'm playing it long, heres my chart. Or are you preparing for a short? still I'm currently +24 so I guess thats an alright start. As I'm flying back this afternoon I will have to put a protective stop in place soon.
hah no wonder I get so many wrong then.... oh well I'll nurse this for now and not let it go bad...hopefully if you can get your short in then I'll be out with a few
can you see my bullish butterfly tho?
yeh I'm over here in Maleny QLD for the last 5 days with the aged parents. Nephew lent me some wirelss internet USB device for the laptop but reception is poor.
Back home tonight.
Got a new toy from GFT today. They released an "Autochartist" to help find forex butterflies and gartleys automatically. Is it a technically correct BF?
Disclaimer: Do not take my posts seriously. They are only opinions.
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