November 18th, 20092009-11-18T06:52:07ZF jS, Y
Arco
IMO Kiwi is getting close now to a potential move, and I’m looking for a candle pattern in the yellow box area which I hope will give us perhaps 150-500 pips. The purple line shows the path I this this initial move will take, and as you can see it could be quite a profitable run, and then we may be able to get in on the first retracement for a further 100 pip move
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October 20th, 20092009-10-21T01:45:13ZF jS, Y
Arco
As mentoned earlier
"There may be another opportunity to re-enter once the current retracement has played out and test the Kumo from below."
PA is retracing well and I will be looking for potential reversal in the grey box zone. If this works out it could be good for 50-100 pips
October 20th, 20092009-10-20T20:20:27ZF jS, Y
Arco
Overnight trade.
I mentioned on the 18th regarding a potential reversal pattern forming on the Kiwi.
The action continued to track higher to the grey zones as expected on the previous chart shown. It continued on without giving a signal until it reached the channel line. At that point it was just a case of waiting for a swing point (black tick) to form and with additional confirmation from a Chikou break an order could be placed below the swing point. This order got taken in overnight and I have already taken the profit just above the lower channel line. There may be another opportunity to re-enter once the current retracement has played out and test the Kumo from below.
October 18th, 20092009-10-19T03:38:16ZF jS, Y
Arco
Nzd.Usd H1 chart
Kiwi looks interesting after a fall on the H1 chart, and I may take a trade once I see how the PA performs in the grey box zones and against the broken TL. Chikou (green line) broke through the plot Friday and is now coming back to test, while Kumo (cloud) is showing forward bearish sentiment.
Watching for possible reversal pattern.
