getting sick of gartleys yet ?
look at what Euro$ did last night
Aud/Jpy delivered :)
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getting sick of gartleys yet ?
look at what Euro$ did last night
Aud/Jpy delivered :)
Just closed the 2nd of my two short Euro$ positions at +488 - its starting to look a bit like one of Miners U's might be forming for a bear rally now.
Gotta thank Max Mckegg for this trade - he's a NZ'er who provides forex subscriptions.
http://www.trl.co.nz/trlfx/pages/trlfx.htm
euro looked like it was forming an ascending triangle during this correction but started to push the lower side of it and kind of did a double top at 1.3085 , so I've taken another short , at 1.3008 original stop was at 131.05 but now brought down to 1.3060. TP 1.2808
headin off to zzzz's now with 52 pips at stake 200 on the make
_____
closed at break even after offerning up to 100 overnite... but I was asleep and it broken out on the up of another little triangle just now 8:55 am so yeh out for zilch
Long time since we've had a potential Bat in the wings.
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also a gartley tho, with X on Oct 27th and B on Jan 5th.
I tried a long from just above 1.28 but again (like GBP/CHF) I was too soon and a bit weak, couldnt hack the lows that came..
Problem with trading this on the daily would be D = 1.2891 and stop would have to be below 1.2330 - over 500 pips.
even trading the bat one would have to allow 250 pip stop.
does look like its time for a rally tho....
Yes a flying start for the Bat - around 300 pips move north. :)
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I still think its better to (overall) be playing the short side tho...
here another 100 overnite.
Hi Peat
Yes looks like there may be some further movement
on the down side to the early 3000's. Who knows,
we might even get another leg up after that.
Long term trend is getting harder and harder to spot. I still believe we are in a downtrend so a triple screen entry short will be on the cards soon for me. There are easier things to trade however.
Entered short at 3233
clinical Arco
well done
I screwed up the last couple of days trading with spikes taking me out too often. always seems to happen on the bigger trades too :mad: