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15-12-2008, 01:29 PM
#221
Arco
If the D point of a butterfly goes below 1.618 of XA does this invalidate it from your perspective?
For clarity, nothing I say is advice....
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15-12-2008, 10:29 PM
#222
Originally Posted by peat
Arco
If the D point of a butterfly goes below 1.618 of XA does this invalidate it from your perspective?
Hi Peat
Not necessarily, although ideally a BF should complete around 161.8
If there is an overshoot I keep in mind the existing formation I have considered, but also look to see if there are any alternative X points or other harmonic set-ups that may be in play in various time-frames.
e.g. Swissy could currently have an X at Oct 30 (as well as 4 Dec) and be forming a longer time frame Gartley.
So I keep both potential patterns in mind but await a reversal confirmation signal before considering any entry.
rgds - arco
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04-02-2009, 06:40 PM
#223
CMC Markets offering a free webinar on the butterfly !!
I will be winging myself to Oz so wont be online. If you didnt get the email maybe check their website.
For clarity, nothing I say is advice....
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04-02-2009, 07:11 PM
#224
Originally Posted by peat
CMC Markets offering a free webinar on the butterfly !!
If you didnt get the email maybe check their website.
What!!!!!!
I cant believe it - they've not even asked me to give a speech
Its the end for the Butterfly as we know it.
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04-02-2009, 08:58 PM
#225
I'm sure we could organise a time for you to give a presentation on the butterfly arco and would bet we'd get a few takers too
theoretically butterfly's are just another shape but i rarely seem to find them and the lack of a clear stop point makes them somehow less tradeable to me.
I'm actually a bit miffed that I cant make this presentation. anyone going to listen in ?
For clarity, nothing I say is advice....
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04-02-2009, 09:06 PM
#226
Originally Posted by peat
I'm sure we could organise a time for you to give a presentation on the butterfly arco and would bet we'd get a few takers too
theoretically butterfly's are just another shape but i rarely seem to find them and the lack of a clear stop point makes them somehow less tradeable to me.
I'm actually a bit miffed that I cant make this presentation. anyone going to listen in ?
Peat I will try, but I cant find any link here
http://www.cmcmarkets.co.nz/en/conte...tion/index.jsp
....................where to book the webinar?
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04-02-2009, 09:41 PM
#227
Try here arco
https://www.cmcmarkets.com.au/en/con...rn/webinars.do
and I will flick you the email too as it has a event number and password.
I'm a bit worried that it will be a lot of marketing hype for you to wade through so no worries if its too much effort.
For clarity, nothing I say is advice....
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05-02-2009, 02:03 PM
#228
Peat
I've never heard of the presenter, so he's not a famous 'Butterfly' expert.
Googled Ric Spooner, there are links, but all back to CMC
eg
http://www.cmcmembers.com.au/traders...806/page13.pdf
http://www.cmcmembers.com.au/traders...806/page15.pdf
I'll do my best to watch, and take snags if possible. However, I dont expect to hear anything that is not known already.
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05-02-2009, 02:17 PM
#229
ok thx
be back on Tuesday.... all possies closed , was quite surprised that USD/CHF came back and took the remiaining third out. Only got +40
For clarity, nothing I say is advice....
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06-02-2009, 04:11 PM
#230
Originally Posted by arco
Peat
I listened through the whole session......in fact I was the only attendee
Nothing new. I could have given a better presentation myself.
Entry suggested after break back through X or B or on a pre-chosen horizontal trend-line that has multiple s/r points.
You can re-view the webinar by contacting
education@cmcmarkets.com.au
rgds - arco
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