EUR.JPY

[dumbass]

hi miner are you talking short

there's a gartley on 10 min which might help

[miner]

Hi Dumbass,ta for the chart,I posted turned off and have been busy with other stuff,was long today but stop was to tight and got hit when I went out,I was thinking we may get a bit more of a move north,will have a look monday night as busy until then.

Cheers
Miner

[arco]

.

Placed a short just before shutting up shop.....based on a Fib setup - almost a BF. The pattern is similar to what Hobbs calls Shark Attack.


Result 61 pips.

.

[arco]

.
Way back in the dim and distant past there was a trader called Jerry War who discovered a pattern call the Dragon.

Its not something I particularly look for....., but today I think the dragon jumped out at me.

Heres Jerrys spiel

Here is a pattern that I recognized some time ago. The thing about it that makes it so interesting to me is that it clearly identifies elements of support and resistance. I call it the "Dragon", it could be horse, could be a dog, Dragon sounded better to me. This pattern identifies short term reversals in the trend which are very tradable. If you look at the first gif which labels the key elements. The Back will always rise to test the Bottom of the tail-hook (support/resistance). After the second leg is in place you can buy the breakout of the Back price. Now here is an interesting point That breakout will rise to the level of the top of the tail (support/resistance). If the bottom of the head does not come down and violate the top of the back we have a high probability of continuation. Check this out for yourself before trading this setup. Attached along with the diagram are several examples from yesterday.

.....and the following chart bears a slight resemblance, or have I been drinking too much.

cheers - arco

[Bilo]

[quote=
cheers - arco[/quote]

I can seethe dog but I think it starts from the 26th of August
Nice one arco!

[arco]

G'day Bilo

You have to squint more carefully, ............and don't let my green BF distract you.

[Bilo]

G'day Bilo

You have to squint more carefully, ............and don't let my green BF distract you.

Hi arco you seem to see butterflies in technicolour where I only see lines on the page. Must be the beer...

[arco]

.

Well that was a nice breakfast surprise.......woke up to find
+286 pips on my account. Order got triggered @ 3.45 am as I
snoozed blissfully unaware.

.

[peat]

that was a sell limit well below market arco! what was your reasoning on that level and direction?

[arco]

Evening Peat

I was checking the hourly chart last night and the action appeared to be forming a bear flag so I placed an order below the previous pivot low and shut up shop.

Didn't expect such a major fall...........currently +492.
(Already taken half off at 300 pips)

Theres a Gartley on the 2 hr, so could be a good time to grab the balance.

rgds - arco