|
Commercial Member
|
Joined Feb 2010
|7,847 Posts
Simon says: fall to new levels and set up a range. UH Simon didn't say start climbing back up! So your trying to link the sequence but at evey turn the game gets faster and faster and eventually you press wrong button at wrong time once and have to start over? Yup I know this game.
|
Commercial Member
|
Joined Feb 2010
|7,847 Posts
Trying to figure if a big correction still coming for eur/usd going back up or it's already done and just tiny. So i figure to keep long break out in mind.
|
Commercial Member
|
Joined Feb 2010
|7,847 Posts
Both in head and shoulders ready to run. Greate example of a high retrace extender on gold.
If it hits 24 again I probably close the gold trade.
I'm worried that it's not gonna stop going up. Wrong wave count etc.
I been naked short net short / no stop for about 5 days now?
Two days now woke up and see I still have an account.
Coming into gold trading in 1 week and trying to own it, probably not going to work out.
|
Commercial Member
|
Joined Feb 2010
|7,847 Posts
When It first started giving me problems, I'm wondering how can this wave come so far back up to here and break all other rules?!! In the end I come to realize it's a sub wave of that means it can reach all the way back up here and realizing this the wave count made sense again. I suspect this is a high retrace within an outer bear wave.
PUBLIC NOTICE AS REQUIRED BY LAW: Any use of Suthmo, in any manner whatsoever, will increase the amount of disorder in the universe. Although no liability is implied herein, the consumer is warned that this process will ultimately lead to the heat death of the universe. Results based on suthmo having a good or bad day, results subject to failure loss homelessness bankruptcy.. This is not trading advice all calls are for entertainment purposes only.
|
Commercial Member
|
Joined Feb 2010
|7,847 Posts
I been looking at the whole down run of eur/usd lately and seeing signs that it's close to over. That makes me wonder if this last few days low to high will find support at classic fib level next or is the bottom gonna break off and extend down more. Just something to watch out for.
|
Commercial Member
|
Joined Feb 2010
|7,847 Posts
50% at 0645 support or other level Vs Bottom break. I expect gold to break off the bottom, seems logical eur/usd will do same. Do I want to risk trying to get back in long at 0645 or 61% ? Hell no haha.