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Old 05-16-2006, 01:40 PM
ttt123 ttt123 is offline
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I got that Scorpion. It's difficult to predict the direction and more difficult to say how many pips one can get of a trade. That's why I'd like to share something I thought about. I think to use some patterns /I'm sure you know them well/ to recognize the direction and the target of the move. The rates in these patterns will show us where the price goes and where it could reverse. I'll attach a pix showing a big and a smaller butterfly. The rate for the time being is 1.414 /this's the bigger one - X,A,B,C,D/, and the smaller one - x1,a1,b1,c1,d1/.We have seen good down move at d1 /1.272/ level,it was good time for short. The situation now is different the price has already passed 1.272 and i think we are going to 1.618 and there we can expect to reverse, of course we have to see divergence in various indis and tech signal, I suppose...I'll try to combine patterns with astro events...

It's not sure, nothing is 100% sure, nobody has to trade it...
It's just an idea...


REGARDS
Attached Images
File Type: gif butterfly.gif (23.1 KB, 64 views)
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