Euro’s turn
The exotic butterfly in the USDCHF has a partner in the EURUSD chart, not so exotic but equally effective: a deep crab.
NOTE: The chart is in the 1hr timeframe. My mistake labeling it 4hr…
And here again the Schaff indi confirmed the reversal by crossing the 20-30 lines, and again with a lag from the fractal formation of about 17.7% off. But here as well it would have saved me from entering long in the 2 previous tries: in both attempts up of price action the Schaff line stayed muted, making an effective non-confirmation.
”always an apprentice”
fxaprendiz RSS feed- Euro’s turn October 29, 2009The exotic butterfly in the USDCHF has a partner in the EURUSD chart, not so exotic but equally effective: a deep crab. NOTE: The chart is in the 1hr timeframe. My mistake labeling it 4hr… And here again the Schaff indi confirmed the reversal by crossing the 20-30 lines, and again with a lag from the fractal [...]
- third time’s the charm October 29, 2009There is a third fractal in the USDCHF; however is not any of the usual patters. Let’s call it an “exotic” butterfly. What makes it different from the other butterflies? The B point. While the regular butterflies have a B point ranging from 0.618-0.786-0.886 XA Fib, the “exotic” butterflies have this point in the 0.382-0.50XA ra […]
- not yet October 29, 2009Well, the alternate bat fared just as its predecessor, the regular bat: it got only to the 23.6Fib ret before letting price move on higher. The Schaff indicator made a lil move south, like insinuating the start of a downswing, but never got to cross the 80-70 lines and then straighten up and went horizontal for one [...]
- Euro’s turn October 29, 2009
- Ichimoku RSS feed
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- Ichimoku Analysis: Cable and Euro 26th Nov 2009 November 26, 2009
