Buy Gbp-nzd

[Belumat1]

I opened a short position (60% amount - on 2 of Vic Sperandeo) on NZD-GBP as well.
Stop loss 0.415
if it break 0.384 I m going to increase the short position.
House market in England is really bad and the credit crunch it's still alive I know, but I also saw investor still overweight UK Bond relative to CGBI World Bond Index so ......

at the moment it's one of the best alarm (risk-reward) my trading system is pointig out

http://bp3.blogger.com/_6nTmMn9wzb4/...9+2+may+08.GIF

http://bp0.blogger.com/_6nTmMn9wzb4/...may+08+Vic.GIF


see you soon

[arco]

Hi Belumat

I dont trade Nzd.Gbp. but I'm always interested to see chart set ups.

I'm familiar with this Sperandeo set-up, and for those that are not - here it is. (Condition 3 has yet to happen).




At the point where all three of these events have occurred graphically, there exists the equivalent of a Dow Theory confirmation of a trend change. Either of the first two conditions alone is evidence of a probable change in trend. Two out of three increases the probability of a change in trend. And three out of three defines a change in trend.

Trader Vic--Methods of a Wall Street Master (Paperback)
by Victor Sperandeo (Author)

rgds - arco

[Bilo]

Hi Belumat


rgds - arco

Thanks Arco, i think that i can see the relevance of it now. Retraced below previous important low, the nformed small butterfly to fly back up to previous important high - might fall again now?

[arco]

Bilo

What I'm saying is we've seen the TL break so now we're looking for '2' if you were to follow that Sperandeo set up that Belumat mentioned.

rgds - arco

[Bilo]

Bilo

What I'm saying is we've seen the TL break so now we're looking for '2' if you were to follow that Sperandeo set up that Belumat mentioned.

rgds - arco

watching and waiting...
Thanks

[Bilo]

watching and waiting...
Thanks

Here we go ...maybe

[peat]

speed lines!
I had a bit of a play around with those recently and found them quite good at support and resistance levels.

Yeh I dont have access to trade NZD/GBP cross but guess I could always do it with with two spreads tho ouch.

[arco]

Hi Peat

Some of the brokers using Metatrader platform offer GBP.NZD.
Spread is around 6 pips.

rgds - arco

[arco]

Had a quick look at this on MQ...... (Remember this is NZD.GBP)

Interesting weekly chart and looks like a possible EW pattern forming
which if correct should give higher prices eventually...... (Notice
the resemblence between 1-2 and 3-4....uncanny)

Not trading this presently myself, but more for wave count interest.

rgds - arco

[Belumat1]

You can't count in that way.
You must start every time from a important bottom or top.
In your case you should have started from the previously bottom (2006).
Elliot is very difficult.
I think you know that.
But one of the most important rules is right that .....

This is my opinion of course, result of my almost 10ys research and operations.

Bye