Tuesday, November 30, 2010
audusd gartley
will have to re-draw the 15m if a new 'c' forms...
longer term we have XA1.27=ABCD plus a 2.0BC (though this is secondary) all around .9500
longer term we have XA1.27=ABCD plus a 2.0BC (though this is secondary) all around .9500
Monday, November 29, 2010
cadjpy gartleys
two alternative counts, not mutually exclusive
the bullish gartley has the confluence of the larger ABCD=abcd=.786XA
audjpy
might be too early to call but just to keep an eye on...the B point is from the previous gartley called on the 24th...
Sunday, November 28, 2010
Friday, November 26, 2010
audcad
a case for a gartely can be made, but I was looking at this more from abcd viewpoint close to prior pivot support...
Thursday, November 25, 2010
chfjpy gartley
it's a bit early to put up, and a lower c ending point for the gartley would would help the confluence but we have a bearish reciprocal ABCD arriving at .786XA, and if c stays here then some extra confluence provided from the gartley formation
Wednesday, November 24, 2010
audnzd gartley
the ab=cd is quite close to X, and above .886XA but has corrective 1.27ABCD to keep it company
if double top works then will be a great risk-reward play
audjpy gartley
abcd of the gartley comes in just above .618XA
there is also a corrective ABCD outside the gartley
however
ABCD = .5XA = .618abcd which is a nice fib cluster
but
prefer to wait for gartley ab=cd = 1.27ABCD = .618XA
prefer to sell around 82.10
gbpusd BAT & 3 drives
the 3 drives doesn't quite match 1.27 and may not be in the best position....
the BAT has an extended 1.27ABCD and C has it's own abcd all at .886XA
catching the falling knife...
Tuesday, November 23, 2010
Monday, November 22, 2010
eurjpy gartley + ABCD
gartley ab=cd & 2.0bc conflucing at .886XA
there is also a bigger AB=CD pattern forming at slightly higher than .886XA
downtrend resistance under X
there is a potential butterfly formation but fib confluence isn't as appealing
Thursday, November 18, 2010
nzdusd gartley
current trade at breakeven & tp1 done.
this new formation has me bringing my original tp's down to the new ABCD
two prz's
1, abcd @ .786XA & 1.618BC
2, my preferred, 1.27ABCD @ .886XA, C is .618 of AB so expect 1.618AB also @ .886XA, 2.0BC @ .886XA
plus prior S/R
Wednesday, November 17, 2010
gbpjpy ABCD
just missed the ABCD 100%, and a test & failure @.786 BC, then a re-test, through, but failed at ABCD
nzdusd gartley
on smaller time frame is a butterfly/crab pattern which looks to be completed just before the small XA1.618 which is also .618 of large XA, and ABCD
gbpusd BAT
I'm going to wait a little bit....
*the ABCD looks like it has the potential and should extend
(due to the extreme range bar in the middle of CD),
BAT PRZ
1) C = .618AB, so expect D=1.618AB
2) .886 XA
3) 1.27ABCD
4) 2.0 BC just sits outside the Bat PRZ
5) prior S&R
nice rising trend line looks like it will provide good support for the moment
Tuesday, November 16, 2010
Monday, November 15, 2010
audusd bfly
with the bearish gartley unable to complete, potential b-fly forming on smaller time frame with AB=CD @ 1.27XA which also = .786XA of prior rally
Saturday, November 13, 2010
Thursday, November 11, 2010
nzdjpy bat
as it is against the trend I wasn't keen to sell this, however, with the potential double top failure, it now looks more attractive, plus the original price action from the peak, appears to replicate the original gartley pattern and rules, let's see...
audnzd gartley
a bit early to post but if we see audnzd higher over the next few days then this formation looks interesting
audusd bfly
Depending on if your learning comes from the Pesavento or Carney (perfect fibs) school of thought there seems to be some confluence on the audusd.
I'm not sure if i'm çurve fitting price action here on the audusd daily.The adjustment of the B point to fit a butterfly takes poetic licence. We have some confluence with 1.618XA & 1.27ABCD
On the hourly's we have almost a mini mirror pattern of the daily's, again with the poetic licence on the B point. The fib cluster at XA 1.618 and 1.27ABCD is much tighter.
As Carney says a butterfly should only be 1.27XA, but 1.618XA then we crunch through the crab calc's and end up with the similar daily and hourly patterns mirroring each other. The dailys have minimal confluence points so I'm not worrying about them too much.
The hourly's show a nicer fib confluence, but even that isn't enough to sell into a rally. However now that we have have a dip, is a short audusd position worthy of consideration while the 1.618XA holds?
Tuesday, November 9, 2010
EUR / CAD
interesting to watch reaction on horizontal support levels which fits with fibs - 38.2 and 50 and also with butterfly for potential longs
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