Got triggered in to this trade this morning, and have now taken a profit
http://i36.tinypic.com/2yx1vyh.gif
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Got triggered in to this trade this morning, and have now taken a profit
http://i36.tinypic.com/2yx1vyh.gif
I did see a bullish pattern form with cable after NFP.
small trade as its against the main trend I think but currently +63
closed this out for +97
Longer term the H&S may have its day
So IMO we could see a return towards the neckline, and if that holds at resistance, the bears may gain control for a while.
http://i34.tinypic.com/s63ma0.gif
Here's the earlier chart. I'm not sure if I got around to posting it
http://i35.tinypic.com/21mu6i0.gif
arco,
How did you see the position at NZ06:30 8th Oct?
1. Breached the three previous minor highs of 24+ hours
2. MACD divergence if you believe in such things
Morning Loofa
As per my previous post, PA had been indicating continued northbound movement, which I had been predicting for 6/7 days. (H&S test)
The 0630 candle started to set up another Ichi long signal on the 30m TF, and a position could have been taken or pyramided circa 1.5980 for a max gain of circa 140 pips.
Divergences can be powerful indicators, although like everything, they are not foolproof. In this case I have just checked and MacD certainly gave a good signal although I dont personally use it.
rgds - arco
http://i35.tinypic.com/25f3j3t.gif
Just reviewing the H4 and presently the PA may be forming a DCC at the Kumo top edge with Chikou baulking at the bottom edge. The bold purple line is the H&S line
http://i36.tinypic.com/1zez781.gif
Update - +230 pips for shorters
http://i34.tinypic.com/2uhx061.gif
I saw a continuation pattern in the triangle and shorted when it broke for best part of 50 pips in minutes.
Good spotting Peat
I was already in from Friday, and have also taken a nice profit.
http://i38.tinypic.com/id59i1.gif