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Reply With QuoteI'm still learning recognizing patterns. Can you explain why you don't like how the BC leg finished? It touched the 78.6 retracement.
As an ABCD pattern I don't really like how the BC leg finished so I wouldn't take it myself but......its about time for the Aussie to roll over. I say sell em. Also notice how it turned at the 127.0 ext of the AB leg. More confirmation.Originally Posted by kidrock82
Last edited by Luzonxzy; 07-31-2012 at 11:18 PM.
I'm still learning recognizing patterns. Can you explain why you don't like how the BC leg finished? It touched the 78.6 retracement.
Jack i think that it's because how the price behave when it touched the 1.27 level... it didnt reverse quickly, it's playing in a little range and it's not a good thing...
Am i right Luz??
I require the BC leg to at least touch the 38.2 fib but not close beyond the 61.8 fib.
@kidrock82 No that's the extention. We are talking about the BC leg.
ABCD pattern GBPJPY.....you never know. Lets see what happens:
EURUSD Ratio trade target 1 obtained and stops have been rolled to break even:
The gbpjpy abcd was a loser. Oh well.
Second position for EURUSD ratio trade was stopped out at break even. [Sidenote] - I'm making some modifications (very promising looking) to my ABCD pattern system so I won't be posting any of those for a while. I'll post more ratio, gartleys, and harmonic "animal" trades in its place. Later.
Last week had some crazy swings.....But volatility = Money if you know how to work the market. Anyway........
Potential Ratio Trade on AUDUSD (trend continuation):
Got filled on the AUD/USD Ratio trade. Now lets see what happens:
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