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  #166 (permalink)  
Old 03-03-2008, 07:37 AM
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Bullish pattern
Although this pair seems to be in a free fall... there may be some resistance to the fall at this area......
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  #167 (permalink)  
Old 03-03-2008, 07:41 AM
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Overlapping Patterns
Sunday nights are quiet times.....!!
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Old 03-03-2008, 10:13 AM
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Gbpjpy
This pattern has offered some good results so far.....
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Old 03-03-2008, 05:39 PM
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Patterns
these are common. some give nice results and some are less than satisfactory
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  #170 (permalink)  
Old 03-03-2008, 06:52 PM
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using fibs for entries.....
take fibs from several time frames to evaluate entries, esp .618, 1.618. 2.618. those three indicate some great entries and exits.

Tomorrow I will post a couple actual entries using this.
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  #171 (permalink)  
Old 03-04-2008, 03:09 PM
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Originally Posted by Blaiserboy View Post
take fibs from several time frames to evaluate entries, esp .618, 1.618. 2.618. those three indicate some great entries and exits.

Tomorrow I will post a couple actual entries using this.
Great charts. GBP/JPY has been a difficult one to trade. The overall trend is down. GBP/JPY failed to break the 38.2% retracement north.

A break of the 203.60 low could open up 195.00.

See the attached chart
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  #172 (permalink)  
Old 03-04-2008, 03:44 PM
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AUD/USD Pullback 6
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Great charts. GBP/JPY has been a difficult one to trade. The overall trend is down. GBP/JPY failed to break the 38.2% retracement north.

A break of the 203.60 low could open up 195.00.

See the attached chart
AUD/USD could not be overcome 61.8% Fibonacci level despite positive data and rising interest rates.

Price finished its encounter with 61.8% level with a Harami candlestick pattern (long Blue candlestick followed by a smaller red candlestick that is completely engulfed by the Tall blue candle-wicks can be excluded)

Candlestick patterns have greater significance at Fibonacci support or resistance levels.
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  #173 (permalink)  
Old 03-04-2008, 03:54 PM
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Bearish 5.0 pattern
AB = CD

Apparently you should be able to short at D, we will have to observe....
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Old 03-04-2008, 04:08 PM
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Originally Posted by Blaiserboy View Post
AB = CD

Apparently you should be able to short at D, we will have to observe....
Thanks for that post. The 61.8% Fibonacci level would be the neighborhood, that I would consider a short as well.
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  #175 (permalink)  
Old 03-04-2008, 04:09 PM
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Audusd
Thanks for the note re AUDUSD and the comments re Candlesticks....

I will post more re AUDUSD as I watch it daily....

Great Stuff.!!
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Old 03-04-2008, 04:11 PM
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Thanks for the note re AUDUSD and the comments re Candlesticks....

I will post more re AUDUSD as I watch it daily....

Great Stuff.!!
You are welcome! I look forward to what you will find in the Aussie! G'day mate!
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  #177 (permalink)  
Old 03-04-2008, 04:51 PM
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Audusd
I have on this chart many sets of fib lines, with numbers ending in .618 done in red.

I accentuate the red ones as they produce the most significant and regular reverses...

Fib clusters on indicate where support or resistance may be lurking....

Old fib lines are as good as new ones..... price seems to react to them no matter how long ago they originated.....

I like having the lines on the one hour chart as they give me some insight as to what is happening and also what may be coming....

With a quick glance at this chart, one can see how influential the fibs are on price....
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  #178 (permalink)  
Old 03-04-2008, 04:59 PM
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Bullish Butterfly
I should have posted this a coup0le hours ago as it appeared.... lol
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Old 03-04-2008, 05:01 PM
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I should have posted this a coup0le hours ago as it appeared.... lol
That would have been a nice entry.
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  #180 (permalink)  
Old 03-04-2008, 05:29 PM
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AUDUSD 5 minute
This chart has some of the indicators that I like to use.... Stochs and Macd.

The reason that I want to gain proficiency with Fib tool is to support what I am using already....

And it is easy to see that the Fib lines can add a lot to my decision making process.

I didn't use a full chart of the other system as it would cover the fibs..... However, I am really pleased to see what the fibs show......

This will help me a lot..
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