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All the Com Dolls blew blew off that NFP figure and rose!! Sits well with the inflationary environment theory I suppose but I cant understand why the Eur and Chf have fully recovered ! Still , ours is not necessarily to understand but merely to predict.
Roddy I hope you had some sort of take profit level set. I did with the USD/Chf long and it was taken so that compensates for the USD CAD losses. Overall my demo a/c only remains about the same after last night....
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Hi Peat,
Peat your call on the NFP was spot on- (better than expected),
unfortunately i didn't take any profit,was asleep but could of placed on auto pilot,US may still not disappoint as i see it, the market is undecided
have a good weekend
cheers
roddy
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re NFP - the Aug figures were revised as well - some paranoids have been saying this was a deliberate fudge by the government allowing them to drop the interest rates and save their mates in Wall St.
Heres an EWI view of the current USD situation, they are still USD bearish and show here the Euro and Cable wave counts to support this view. You will need a (free) membership to watch.
http://www.elliottwave.com/features/...d=3392*time=pm
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Hi All
Looking at the EURO data it would appear that a trend following system would work well,looking back over the left hand of my screen is easy,capturing it and translating that into $ in my account now that would be even better,has anybody got some ideas i could trial?
cheers
roddy
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Roddy
Ichimoku is one techinique that might interest you, but suggest not to use any chart period less than daily - weekly is even better.
The short shown here was based on the Chikou Span break (Green). Tenkan had already crossed Kijun - (blue over red dotted). Pyramiding can be undertaken on a Kumo break (Majenta).
There are many trend following techniques but be prepared to use bigger stops. Google and you should find many ideas.
rgds - arco
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Hi Arco
thanks for the reply,will do a google,i am looking for entries that are precise and have a high degree of success as in butterflys,perhaps they dont exit,hence the need for wider stops
cheers roddy
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Roddy
Try working on a longer term trendline, then when a Gartley or BF reverses in the PRZ around the TL consider entering your trade. You may not find so many trades, but they could possibly be more reliable.
If I have time later I will try to post an example
rgds - arco
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Roddy
Re the previous post.
Heres a recent Gartley786 on the Euro (Aug 07) giving circa 800 pips to 1/10/07.
Low risk entry after Morning Star on lower upTL which started back in Mar 06.
rgds - arco
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funny you bring up that chart i reviewed this one at the weekend
marked on arco s entry , simplicity is the key
simple trend line confirming on andrews pitchfork with a prz
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Hi DB
Andrews Pitchforks...... another very interesting subject.
I've displayed them a few times here on ST
Heres my daily Euro + weekly Euro
rgds - arco
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