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Initial Gartley objective targets are 8426-8517
so we may see a pivot form around this point.
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No joy, stopped out, tho still v o/sold. Perhaps a bounce from current levels is possible but will stay square now
Xerof
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Just took 79 pips from the short that got triggered
below w/e pivot at 8460.
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Arco, "being brave when others etc...." well done
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You know that 9 red candles in a row is almost an
open invitation for a green light to appear and
send the shorts scurrying for cover.
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Arco, remember this diamond formation from ol' stormy?
http://www.stormyforex.com/showimg.aspx?imgid=23
sell on a rally to 1.8500 is his latest call
Todays 9th daily candle has sufficient time left for a long wick to dangle below....
I have a small pair of longs waiting to be filled at 1.8280 s/l 1.8250, but would then rebuy around 1.8200 with tight stop if wrong initially
Xerof
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Xerof
Judging by your last photo those small pair of
longs are not going to fit anymore are they? ![Grin](images/smilies/smile2grin.gif)
Stormys Chart
Interesting divergence on the Momentum, and
can you see the very obvious Bullish Butterfly?
Is that diamond really a diamond ?
More like a Flag IMO - (extend the left line)?
This is a traditional Diamond Top
![](http://www.coveredcallswins.com/chartpatterns/Imaged20.jpg)
Minor uptrend line approaching captain, prepare
the reverse thrust.
arco
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Thanks for expert comment - my TA book is winging its way from Amazon at this very moment, so will be able to DIY in a few years
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Member
quote: Originally posted by Xerof
Thanks for expert comment - my TA book is winging its way from Amazon at this very moment, so will be able to DIY in a few years
Same here...eagerly awaiting its arrival.
After having been pounded by the pound(I went long on a hunch looking for a bounce) I'm keen to spend more time on my FOREX education.
Speaking of education, I learned why stop losses could have been quite useful had I applied them appropriately.
At least I can console myself with the fact that the "lesson" only cost a little bit of money and a bruised ego
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Went long at 1.8340, +66 atm
see how we go
Tight stop
Slam
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