Recent content by arco

Looking at the depth of B I would be more inclined to consider a move lower towards 161.8 and an AB=CD 100-127 measure based off the AB leg rgds - arco

Phillyflipper Do you have a program that picks up the 5 point patterns automatically on a daily scan? rgds - arco

_________________ Still heading north IMO (as per previous posts/charts). regards -arco ______________

I mentioned on 15th Oct............. In the medium term I feel a significant break higher out of the Symmetrical Triangle could be on the cards. This break will test the old highs and move further north. Currently AUD is in a consolidation phase/coil waiting for a breakout. The action has...

7813 Target reached as refered to on chart 5th Oct regards - arco

Asked about carry trades, in which investors borrow cheaply in yen and use the funds to invest in higher-yielding currencies, Fukui said the BOJ was cautious about the risk of a sharp unwinding of the trades when the market's expectations of interest rates change. He said the yen's low...

Follow up chart (see page 2) regards - arco

Hello TM Nice trading in general - shame about GBP to spoil your month. How many pips in the red currently, and wheres your stop? regards - arco

________________ I always keep this saying in the back of my mind.......... "The market can stay irrational longer than you can stay solvent" - Keynes ________________

Hello Fred I think long term its hard to predict right now. If I was personally trading this for the longer term I would be waiting for a long term indicator to give me a good strong signal. Ichimoku weekly is still technically bullish, and the Symmetrical Triangle whilst neutral could...

Hello drsteph Yes, I trade Eur.Yen and have spoken about it extensively from a charting perspective on other forums . Currently the longer term action is forming a Symm Triangle as shown on the weekly Ichi chart. Kumo has proved suppportive so far, and MacD is holding above the centre...

The speculator is not an investor. His object is not to secure a steady return on his money at a good rate of interest, but to profit by either a rise or fall in the price of whatever he is speculating in. Therefore the thing to do is to determine the line of least resistance at the moment of...

Hi All Pitchfork update from 10th Oct GTA - arco

92 here............................... http://www.sharetrader.co.nz/topic.asp?TOPIC_ID=16267&SearchTerms=quotes arco

_____________ A positive divergence occurs when MACD begins to advance and the security is still in a downtrend and makes a lower reaction low. MACD can either form as a series of higher lows or a second low that is higher than the previous low. Positive divergences are probably the...