11-14-2012, 05:39 PM #991
11-15-2012, 07:57 AM #992
11-15-2012, 08:02 AM #993
thanks SlyQsx, ...so from Elliott Theory we wait for Short of EURUSD.
11-15-2012, 02:03 PM #994
Good day to all,
Originally Posted by tiagolopez6
CADJPY turned out to be an excellent trade, all profit targets have been reached, I closed half position after 90 pips, take profit was set to 130 pips today reached.
GBPAUD stopped me out, it took another 110 pips for retracement to efectively start, that would be around the 113 fib exactly from X (1.52759 the 2012.09.14 ) to A(1.58803 the 2012.10.05) Leg.
EUR GBP, 78.6 fib retracement, gartley is the one who manifested here. Did not enter the trade, had a buy limit on 88.6 Fib, calculated it was a bat (my supply demand area converged here, plus fib time zones were more than 5 candles late).
CHF JPY has had an excellent retracement at 88.6, did not enter the trade, had a buy limit for a lower supply demand level, still following though if price falls to this level, it is likely to be an oportunity.
Ok Regards to all and happy trading!
11-16-2012, 07:30 AM #995
butterfly bullish pattern on AUDUSD, lets see how it continues ->
This pattern was discussed while emerging in our Gann trading thread, as we were looking for Gann price = time confirmation on it.
11-16-2012, 03:42 PM #996
Last edited by nopi240; 11-16-2012 at 03:53 PM.
11-16-2012, 11:50 PM #997
11-18-2012, 01:13 PM #998
11-18-2012, 09:32 PM #999
If you want to learn more about PRZ and harmonic patterns trading from Scott Carney. He focuses here on price action in the PRZ and specific confirmation signals in the PRZ.
As I was told this video makes things clearer than a book.
11-19-2012, 05:58 AM #1000
Thanks Kor4X, I will go through the link. There is bearish butterfly signal on GU, 30 min. Did you take the trade?