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caldera replied Feb 16, 2010shad, i think the gartley/butterfly has played itself out...
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010gbp is weak because of bad news.... but look at audusd and eurusd...
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010did you use any other analysis apart from the harmonic pattern?
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010anyone able to pick out any key points? seems bank rate and monetary policy are to remain unchanged...
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010was that supposed to be good news or bad news for gbpusd??? i wonder if there is some kind of intervention here...
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010chart still looking a bit bullish lets see if the price can get below 1.5670...
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010good call shad for the short. did u base your analysis entirely on the butterfly pattern?
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010i rushed into a short before price broke the trendline thinking it would hold... i exited soon after... i still think the news might be bearish for the pound... but we'll see...
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010lol looks like your fish swallowed shads butterfly...
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caldera replied Feb 16, 2010apart from going long, probably better to wait for the news... everything could come crashing down again
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010cautious going short right now... gold has broken its upper trend line and heading for 1125
AUD/USD
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caldera replied Feb 16, 2010maybe i'm on another planet, but are you saying that this is a butterfly on your chart?
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010This is a gartley, you've labeled your chart as a butterfly.
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010what i'm saying is that the price should continue down without bouncing... should it not go directly from your target 1 to target 2. my congratulations to you for identify the gartley and taking profit.
Cable Update (GBPUSD)
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caldera replied Feb 16, 2010The first chart is a gartley not a butterfly, and it doesn't seem to relate to anything...
Cable Update (GBPUSD)