Thursday, September 30, 2010
audusd bear AB=CD
Is that the short-term top for the aussie? With all the talking heads calling for parity, 2 forecasted rate rises before the end of the year, how much more bullish news can we have....
I don't get the Butterfly but do have the crab. I usually don't look so closely at the smaller time frames due to their jumpiness but maybe I should. 15mins is as small as I get or else i would think I'd go crazy ;)
the 1-2-1 looked nice as well
GBPUSD M1 buttefly + price action on S/R
...proper time, price, market context, S/R, Fibo, ... scalp +30p trade...
Is it only my impression that low TF: M1/M5/M15 harmonics are more reliable? What is your thinking on this?
Is it only my impression that low TF: M1/M5/M15 harmonics are more reliable? What is your thinking on this?
Wednesday, September 29, 2010
Gartley pattern and cycles confirmation
... of couse is not holly Grall, see what happend next...
...but the point is to observe cycles from multiple TFs
Tuesday, September 28, 2010
a BATy Eurusd
Assuming ABC are established for the moment, we have points of confluence at 1.4040~90, AB=CD, 2.0 BC, prior S/R & BAT .786XA.
If this area fails then we look to the decending daily trendline, 1.27ABCD, 2.618BC and prior S/R at 1.4430 to provide the next opportunity of probabilities.
B also contains a potential Crab with D falling around 1.4040ish
Monday, September 27, 2010
gbpjpy abcd's & CD trading
strong downtrend with a potential C leg selling opportunity for a potential BAT with the C leg in the direction of the trend
some 4hr's show some convergence with a completed crab, and ABCD trying to provide support, whilst
on the larger weekly time frame a couple of ABCD's to be aware of
Friday, September 17, 2010
Tuesday, September 14, 2010
Monday, September 13, 2010
nzdusd bearish
Bearish Bat,
Bearish ButterFly 1.618XA
Bearish AB=CD
Nice prior resistance (Brown)
Weekly descending trendline (blue)
Friday, September 10, 2010
Thursday, September 2, 2010
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