Funny how the mess in Crimea is running along what seems to be a
perfect Gartley... that is, unless I'm doing the Gartley pattern wrong. Anywho, I follow Danske Bank, for the most part, they already took their profit from a position of 170.5 to 168.3. Their move seemed to coincide with my long running H/L trend line running from February 7ish to March 5ish (after breaking a recent rising trend line this past Thursday). Though I do not know if that is what they were doing or thinking...
Did the Thursday mess in Crimea accelerate the short? It seems like it did.
I'M HOLDING SHORT AND SQUEEZING MY TAKEPROFIT LINE, opting that this Gartley pattern will finish, aiming to the long, long bullish trend line (dotted line). Also, with that silly Crimea referendum, and that Putin is a jerk.... eh, it's gonna be an interesting weekend.
If positive news comes out over the weekend, or GBP/JPY hits that dotted line. I'll consider going taking my profit and going long.
My golfing friend recently said to me, quoting a movie, I think.... "Bears and Bulls make profit... Pigs are slaughtered..." I may be a pig trying to go after more profit... =P
Did the Thursday mess in Crimea accelerate the short? It seems like it did.
I'M HOLDING SHORT AND SQUEEZING MY TAKEPROFIT LINE, opting that this Gartley pattern will finish, aiming to the long, long bullish trend line (dotted line). Also, with that silly Crimea referendum, and that Putin is a jerk.... eh, it's gonna be an interesting weekend.
If positive news comes out over the weekend, or GBP/JPY hits that dotted line. I'll consider going taking my profit and going long.
My golfing friend recently said to me, quoting a movie, I think.... "Bears and Bulls make profit... Pigs are slaughtered..." I may be a pig trying to go after more profit... =P