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ic, so peat the gartley theory is just to predict point D, of which can be bullish or bearish
and traders will anticipate and buy/sell depending on predicting point D? nice
Oil - NZO
REE - ARU
Copper - EQN/OXR/TMR
Iron- AGO/ADY/UMC
Nickel-WSA
PGM/Gold - PLA/VRE
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hey dont ask me to explain it.... arco's the expert.
but from what i posted (and of course read) it seems to me the pattern is formed with the acting out of an ABCD pattern and at precisely D you buy or sell depending on which one it is of course and promptly proceed to make a mint. and i think the point is not only that your gartlye is playing out in a pattern that confirms the larger trend but that at point D your risk/reward ratio is highly favourable.
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still riding one short on this pair....
I'm thinking that the degree of retracement (esp considering how far it did move) is small enough to sustain a bearish stance.
new lows would confirm tho.
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yeh the other possibility of course is that its forming a base to go higher...[}]
love the way you guys just casually pick up 60 pips....
i seem to struggle to break even hahah....
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quote: Originally posted by Xerof
NZD - below 7050
AUD - below 7520
EUR - below 12580
GBP below 18310
Xerof
Might get your wish soon Xerof. all getting close to breaking
Cheers
Slam
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Might do the one green one red on the daily thing?,short around yesterdays hi maybe.
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still holding the shorts...
will add more at 1.2730 if it goes there.
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Well it did what I thought,gave an ok trade,my other 2 played the game and went the other way,so play all 3 or just 1 and use other 2 for confirmation of the move.
jpy moved first then chf so when they play the game as they did yesterday,get on eur as the other 2 have already said what it is going to do before it does it as well as it looking ok too.
Cheers
Miner
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