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20-01-2006, 10:41 AM
#511
Textbook Gann................
From yesterday Gann .6836
Uptrend line has been broken and oscillator dropped
below centre line, so if that Gann breaks it may then
become resistance.
Gann level was breached and polarity tested as suggested. Next possible area to watch - .6714
arco
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20-01-2006, 11:02 AM
#512
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20-01-2006, 12:17 PM
#513
Morning Xerof
I have several DGL's overlayed on my chart and sometimes tweak the longer dated DGL formulae in Metastock to correspond with previous support/resistance points, therefore my figures might not always correspond with yours or standard DGL's.
The L1 from 5/12 gave a very accurate support point (based on Rooters EOD)
Regards - arco
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20-01-2006, 11:06 PM
#514
Xerof
I may be wrong (and more than often are) But if you take the high at .7 being c, maybe it's a gartley going the other way.
ie we are finishing d now.
or is that what you ment in the first place
(I'll shutup now)
Cheers
Slam
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23-01-2006, 09:23 AM
#515
Slam,
That would be an invalid pattern, as B .6702 is lower than A .6746.
It early days and as Arco has said in the past, prefer to wait for a full pattern to evolve, than try to anticipate one forming, so take my comments as they were meant - merely a possibility.
BTW -
quote:I may be wrong (and more than often are)
- don't be so hard on yourself - you have done pretty well since returning from exile
Xerof
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23-01-2006, 09:33 AM
#516
Cheers Xerof
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23-01-2006, 09:47 AM
#517
BTW, its a bit concerning that it couldn't rally with the rest of the pack during Friday night's USD sell-off.....
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23-01-2006, 09:56 AM
#518
Xerof
Sames with AUD.
I remember on post last year that stated these 2 would perform like this.
ie. move down with the other currencies against the USD but not recover as much when they bounce/retrace etc. Lower Lows and Lower Highs.
May be the pattern for a while with these 2, especially if Japan starts pulling out
Cheers
Slam
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26-01-2006, 09:23 AM
#519
Bollacks Hawkish again
Made a nice Buy though for AUD/NZD[8D]
Cheers
Slam
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17-02-2006, 11:24 AM
#520
We seem to have ignored the ol' bird recently, so here goes....
It's at an interesting junction. This Bullish(yes bullish) butterfly has met the AB=CD target, and has followed classic retracement numbers so far....
But, it is not in harmony with Fibonacci extension targets of 127.2% and 161.8%, so there seems a good possibility that this 6680 area will not hold this time round (.6680 to .6700 has been good support twice now since July last year)
I think if we see a clear break of .6680, then we should set targets somewhere between .6620 (127.2%) and ideally .6525 (161.8%) before a bounce.
Xerof
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