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08-06-2005, 01:42 PM
#191
Member
put option (i don't care)
(well i do somewhat but not to the extent i would if spot)
The only thing is i forecast that it would go up now like it has, so went long (only 1 contract!) at 7000 for the short term rally and jumped at about 7070 {lacking in committment maybe}
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08-06-2005, 02:23 PM
#192
TRL -
quote:Whilst .7150/7165 caps,risks sell-off back toward Key .7100/7065 Support
Arco, forming any strong views on Kiwi? - I'm mulling selling it around here with a tight stop above 7170.
Xerof
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08-06-2005, 05:18 PM
#193
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08-06-2005, 05:34 PM
#194
quote:No indication of Reversal yet.Beyond .7165 & next Resistance at .7200/15
Patience MAY provide a better level....
has the same 'feel' about it as yesterday nearing the London open
Xerof
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08-06-2005, 06:13 PM
#195
Xerof
IMO this is just a polarity test of the bearish H&S.
My thoughts are still as mentioned previously........
quote:The.... oscillator is below zero and as mentioned
previously I expect a test of the H&S neckline before
NZD continues south. Long term - down
One tactic could be to trail a short entry from behind
the northbound action.
Next Gann resistance is at 7202 which could aid with
resistance at the neckline.
arco
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08-06-2005, 06:32 PM
#196
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08-06-2005, 09:55 PM
#197
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08-06-2005, 10:41 PM
#198
Hmmm, I can see that your chart is based on EOD Arco.
Unfortunately I used a HLC line (using lows) to get a neckline. THATS THE REASON - AAGGHH - makes a significant difference, circa 120 piparoonies.
Back to my books.....now wheres the bit on H&S formations....necklines...ah, here it is...beware of low necklines...they'll leave you feeling a right t!t...Ok - understood
Xerof
BTW I must tell the techie at WPAC to use EOD - it was a graph put out in their weekly that I glanced at to check the neckline !!
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08-06-2005, 11:13 PM
#199
Xerof
I usually use the close, however others may have
their own ideas. This diagram from Incredible charts....
arco
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09-06-2005, 08:28 AM
#200
Xerof
A bit of tech info for you........
The line chart provides less information than a bar chart, but is more useful for charting long term trends. It has a line that plots only the closing price against time.
arco
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