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8683 Posts Total by "daveo":
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DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
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DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 18, 2010 20:36
In Thread: Commodity FX (CAD AUD NZD NOK)
good exit on your usdcad trade yesterday Cloe :-)
DaveO
UK
Posted Anonymously
14 years ago
Nov 18, 2010 20:30
In Thread: GBP
now its a convincing bounce off the symmetry but hey, what took it so long, dah.
DaveO
UK
Posted Anonymously
14 years ago
Nov 18, 2010 20:11
In Thread: CHF
The eurchf H&S idea did not trigger a short. As you said catnip H&S does not always play (plenty do) but this one was invalidated long before any short was triggered. All H&S's are only potential until price breaks the required direction to validate.

I think Ashraf's comment today will be valid ref binary interpretations likely to prevail for the DX. Things could become a little more challenging.
DaveO
UK
Posted Anonymously
14 years ago
Nov 17, 2010 21:15
In Thread: Commodity FX (CAD AUD NZD NOK)
It will smash through the barrier now, joys of trading :-) any profit is good profit and you seem to have nailed that baby.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 17, 2010 21:04
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
I guess my preferred count would need to see real signs of deflation.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 17, 2010 21:02
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
said, so yer reading my W4 a wave B at 1376.50 ? ABC symmetry on that basis at 1308. My preferred count ignoring fundamentals is for this move to be 5 series impulse, i.e all of a Wave A or a W.1. Implications more bearish of course. Always good to have at least 2 alternates !
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 17, 2010 20:42
In Thread: EUR
OK, I have 50% at 3433 which is near enough your first potential beer stop :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 17, 2010 20:34
In Thread: EUR
On eurusd I would take my fibs from the 1.2586 low because the pattern from that low to the 1.4280 high is likely a completed 5 wave series.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 17, 2010 20:19
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Gold on 60 min chart could now have finished its wave 4 of 5 correction with 5 of 5 down to come to complete the first leg on daily chart. What ya think Said ? Have to ignore the 55MA daily support.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 17, 2010 19:59
In Thread: CHF
Alex, I don't see an inverted H&S on the daily. I see what Ashraf is referring to and a few more days of procrastination would improve the pattern, perish the thought ! If it proves valid I would anticipate new lows below the 1.2766. Its actually forming a decent pattern compared to many lopsided affairs one sees offered out there.
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