Potential H&S forming
http://i29.tinypic.com/2e4ceh5.gif
Printable View
Potential H&S forming
http://i29.tinypic.com/2e4ceh5.gif
Good entry achieved off H1
http://i27.tinypic.com/1zps6ep.gif
a few red 30 minute candles is helping the 1.6575 entry from y'day along a bit better now to +60 but had to endure a -90 at one stage (with a -150 pip stop at the high of 1.6740.
I might try and hang out for that 1.53 grey box !
Could be we're impulsive down now coz that rally last 24 hours sure looked corrective to me
Hi Peat
Yes agree, it does look a bit corrective.
I took a profit on the original trade - I still find it real hard to resist a profit and to hang on through those ups and downs. :(
Anyway, looking to get back in now on a wave 2 retrace, and will try to hang in longer, or at least leave some on the table for the grey box.
H1 chart. Possibility of a wave 'c' move to the Kumo or just beyond to broken trend-line perhaps), - forming a Gartley.
Short term trade potential north. SAR at Gartley
BTW. I like the Evening Star on the daily chart.
http://i26.tinypic.com/2vdl1lu.gif
.
So far, so good.
http://i26.tinypic.com/2v0dhr9.gif
60 pips taken. Happy with that :).............could be more but I can sleep easy
I'll look for a reversal pattern to form below the Kumo.
http://i28.tinypic.com/2r7sti9.gif
Yesterdays action visited the Kumo as expected(yellow spot) giving a roller coaster ride for hangers on and only a few extra pips.
The current PA is bogged down under the Kumo, and with a DT line not far above and a potential flag, longs should be cautious IMO
http://i28.tinypic.com/20sxi0k.gif
Result - trade still open. I entered shortly after the bearish engulf (1.6536) with SL just above that arrowed candle
http://i26.tinypic.com/2vjpwjn.gif
yep - originial position still open, added some more last night and closed that out this morning for about a hundred pips.
You still in Peat?
http://i38.tinypic.com/r6whhw.gif