PipOmatic

It’s been a little while since i posted to the blog, but fingers crossed I will put that right soon. I have been busy with new trading adventures and now my plans are in place I can get back to logging my trading thoughts, identifying good trade setup’s and showing my results. I will be using the blog for quick posts and referring to the forum section where i will post more detailed trade setup’s and results as well as having general conversations about anything and everything trade related.

Looking at the GBPCHF chart this morning. It has made a very strong up move in the last few days.

A Gartley has completed at the same place as an APF “Measured Move”. It’s one to watch …

The Pound has weakened quite a bit recently and the Euro has too, but not quite as much. So I am thinking EURGBP might be setup for a down move.

Checkout this forum post for the charts… http://www.pipomatic.com/forum/other-currency-pairs/eur-gbp-bearish-outlook/page-1/post-9/#p9

I went short on May 7th on EURCHF. The 4hr chart showed a 3-Drives pattern, bearish WolfWave and a completed AB=CD pattern.

Target 1 has already been hit for 108 pips so stops have been moved to break even.

The chart has all the trade parameters: