These seasonal charts from www.seasonalcharts.com may come in helpful.........
http://www.seasonalcharts.com/future...i/bp/chart.gif
http://www.seasonalcharts.com/future...i/bp/chart.gif
Printable View
These seasonal charts from www.seasonalcharts.com may come in helpful.........
http://www.seasonalcharts.com/future...i/bp/chart.gif
http://www.seasonalcharts.com/future...i/bp/chart.gif
Maybe we will see Cable fall towards the Gann area
9533 - especially if the Butterflies are in a good mood.
arco
http://www.patricknouvion.com/Old_Bl...ies/coffee.gif
Cable could be lining up now for a short IMO....
http://img.photobucket.com/albums/v5...61907Cable.gif
arco
yeh at 1.9845 its moved back to a 62% retracement of its fall from 1.9970 (to 1.9620) and this is also a 261% fib extn of its first move up from 1.9620 to 1.9708.
It reminds me of the Eur/Jpy post I made on 10/05.
Only thought was , noticing that Eur is in a similar formation to GBD - so if we assume that will short as well , and yet you (Arco) are short USD/Chf which generally moves opposite to Eur. So just wondering about the conflicting scenarios here. Maybe you're talking different time frames tho.
Hi Peat
The Swissy trade went slightly over target at the outset, although I did manage to scale my way into eventually averaging a profitable position.
As mentioned last week it was always intended to be a short term wave trade, and happily I've now closed all positions with an acceptable profit.
regards - arco
Nice......the Gann reversal point worked in good fashion.....
nice back lash at 9858 for a quick 20+/- pips scalp.
..and thats how the Swissy trade should have worked.
soo Mr Gann does cloud surfing ! Gann Ten.
Gann meets Ichimoku - a powerful combination :D
At the end of the day, when many indicators tell the
same story its pretty good confirmation.
you were using a daily chart to scalp 20 pips tho?
Hi Peat
The Gann calcs are taken from daily chart,
- entry confirmation lower time frames (15m-30m chart).
In this case........
Double Top with almost a Bear Engulf on 15 min and
Double Top with DCC on 30 min.
Both outside the BBs and with divergence on Oscs.
Scalping is only secondary to the main idea of
taking the long pip trip, but it keeps the mind
active.
arco