If gets thru 163.00 looking for it to test yesterdays high 163.84 ish,cunning plan see how we go.
Cheers
miner
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If gets thru 163.00 looking for it to test yesterdays high 163.84 ish,cunning plan see how we go.
Cheers
miner
Hi Miner
I wouldn't be surprised to see 164.40-165.00 in the short term.
arco
Ta for that Arco,those 3 big north hourly's last night point the way,as usual picking a turn entry is the fun part,may have to wait for tonight for it to sort it's act out.
Cheers
miner
thanks miner , the yen crosses are amazingly volatile at the moment , scored some good
pips
im picking some good moves higher , i reckon gbp jpy when it bottoms will probably
be the best and im picking up at 220 +
for the mo looking at eur as the most settled for a run higher against yen
Allways good when you get it right,eur/usd just went south and just after eur/jpy followed,but then eur/usd has been moving first all day,so time for a drink,volatile is a nice way to put it,usd/jpy is a slower mover so less risk and often moves in a tidy fashion.
Cheers
Miner
Bugger got stopped by 3 pips before that move while getting a drink,lucky it was a rum and coke.
Cheers
miner
hey miner , there,s a lot of euro land data out tonight 6 -9 am gmt
market moving stuff
German Prelim GDP q/q about now.....
Ok ta guys may pay to poor another drink and sit on my hands.
Cheers
Miner
Worth a watch as the worm may have turned.
Cheers
Miner
hi miner are you talking short
there's a gartley on 10 min which might help
Hi Dumbass,ta for the chart,I posted turned off and have been busy with other stuff,was long today but stop was to tight and got hit when I went out,I was thinking we may get a bit more of a move north,will have a look monday night as busy until then.
Cheers
Miner
.
Placed a short just before shutting up shop.....based on a Fib setup - almost a BF. The pattern is similar to what Hobbs calls Shark Attack.
Result 61 pips.
.
http://www.trading-naked.com/images/...ern/Dragon.gif.
Way back in the dim and distant past there was a trader called Jerry War who discovered a pattern call the Dragon.
Its not something I particularly look for....., but today I think the dragon jumped out at me.
Heres Jerrys spiel
Here is a pattern that I recognized some time ago. The thing about it that makes it so interesting to me is that it clearly identifies elements of support and resistance. I call it the "Dragon", it could be horse, could be a dog, Dragon sounded better to me. This pattern identifies short term reversals in the trend which are very tradable. If you look at the first gif which labels the key elements. The Back will always rise to test the Bottom of the tail-hook (support/resistance). After the second leg is in place you can buy the breakout of the Back price. Now here is an interesting point That breakout will rise to the level of the top of the tail (support/resistance). If the bottom of the head does not come down and violate the top of the back we have a high probability of continuation. Check this out for yourself before trading this setup. Attached along with the diagram are several examples from yesterday.
.....and the following chart bears a slight resemblance, or have I been drinking too much.
cheers - arco
[quote=
cheers - arco[/quote]
I can seethe dog but I think it starts from the 26th of August
Nice one arco!
G'day Bilo
You have to squint more carefully, ............and don't let my green BF distract you. :)
.
Well that was a nice breakfast surprise.......woke up to find
+286 pips on my account. Order got triggered @ 3.45 am as I
snoozed blissfully unaware.
.
that was a sell limit well below market arco! what was your reasoning on that level and direction?
Evening Peat
I was checking the hourly chart last night and the action appeared to be forming a bear flag so I placed an order below the previous pivot low and shut up shop.
Didn't expect such a major fall...........currently +492.
(Already taken half off at 300 pips)
Theres a Gartley on the 2 hr, so could be a good time to grab the balance.
rgds - arco
I decided to take 500 pips, - the action just hit my TP, so a happy
result.......
________________________________
For anyone unfamiliar with the Bear Flag.................
The technical target is derived by subtracting the height of the flag pole from the eventual breakout level at point.
http://chart-patterns.netfirms.com/p...bear_flag2.png
Quote Post #220
"There's a Gartley on the 1 hr, so could be a good time to grab the balance"
The Gartley I mentioned gave circa 250 pips. I didn't trade this one myself, as I was in the land of nod, but it was a good move for anyone that took the opportunity.
Good weekend all - arco
http://www.sharetrader.co.nz/picture...5&pictureid=53
Seems like a false break below the long term support (thick black line), followed by a bounce and pullback which respected support. Long 150.90 SL 150.45.
Wow.....nearly 200 pip drop in EY in seconds.
Fortunate I was short with target +52.5 pips :D
When you see moves like this it confirms the point about having a stop in place - ALWAYS - just in case of a major move against you.
Could be something to do with some JAP announcements between 5.30- 8.00 NZT
Hey arco it came through before lunchtime!! Stop was at 200 pip , take at 600. Very small trade but hey 600...
.
Pretty exciting Peat.....the big runs are amazing if you can catch them.
Hi peat, on what basis did you decide to go long?
yeh thats the good question AMR
and tbh I'm always a bit suss of post event justifications but heres two pics that supported the stance. first the 3 hour had found support at the 78% retracement and at the 15minute time frame i saw it had done the same tho I'd missed the boat to some extent hence the large stop.
Battling against the Kumo.
KS @ 134.86
http://i25.tinypic.com/2qk2ons.gif
Potentially a small H&S forming on the H1.
Targets below.
http://i27.tinypic.com/ws5r93.gif
This trade gave a reasonable move of circa 70 pips. (Grey box area)
http://i30.tinypic.com/16lh6c6.gif
picked up a couple last night , bit of a butterfly and then a 1-2
going well so far... current price 130.94 +45
target 1.32
a quick climb to 131.5 so I'll take half off already +95
thankfully added 2 more again at 131
original take now hit at 132 and I've left one going for the king hit.
closed remainder of this at 1.34 +300
Nice trade Peat. :)
Great when you can hang on for the long haul
Occasionally I get lucky :D
http://i33.tinypic.com/25gv605.jpg