Monday, October 19, 2009

GCHF trade update

MKT filled me and am +71pips up. nice trade

Sunday, October 18, 2009

EURJPY _ 5-0 ANTICIPATION TRADE


Eurjpy is again at R. we had 5-0 almost completed. C-Max achieved, and we knew that price might likely hit the buy area to complete the pattern for buy entry,
15M TF: gave a good reason to sell from R in the bearish gartley.




NZDJPY: BEARISH TRADE




The daily points at bearish move:


1. ab=cd

2. Bearish divergence

3. Pin bar at R


entry:


price rejection at 61.8, trendline + support turning into resistance



MKT OPEN: GCHF UPDATE

market gapped down considerably with 47pips. that's a good bearish sign, well, mkt might close up the gap before diving.................

sell limit still valid

Friday, October 16, 2009

GCHF SHORT SIGNAL

GBPCHF ANALYSIS



Daily: we had a gartley signal which indicates trend continuation, also had ab=cd1.618 and now price is at 38.2 of the present swing with weekly R.

4HR: events unfolding on this time frame is very nice and . looking at the chart, we can clearly see how two patterns converge at same point. having bearish Butterfly and Bat at the same place indicates possible price projection

presently, price bull have scored a point(creating a HH) with Long time TL and R acting as resistance............ that could be B retracement for the patterns in question and also an indication of possible Bull crown.

UJ Possible BAT at resistance





The daily bearish channel in UJ is intact and dictating the trend nicely. price hitting the bottom channel with those tweezers signalled bullish move and the break of the inner TL confirmed the bullish run.

the 4hr gave a crown entry earlier and the tgt of the crown will signal a bearish BAT setup. even if price doesnt get to 92.0 before retracing, the bounce of the TL around support shd give bullish entry.