bounce up off the previous min or 4hr/1hr swing lo zone leading down to yesterday's lo has challenged 50% of yesterday's drop from 5873 to that 5771 lo. Strong bounce up !
G/L
G/L
ex member
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DislikedHey Nav
It's already happened brother.
Check yesterday's drop against the GFC monthly (particularly the little spike up before the plummet.
It's just an interesting observation I have made on the 1min chart before. I made a post about it some time ago.
Personally, looking at this weekly congestion and continued upward pressure and those ascending weekly tails, the weekly looks like it just wants to bust free north over the medium/longer term.
I NOW see what you saw over 1year ago
Personally I would not be at all surprised to see...Ignored
Dislikedthe sum bitch is trying it..
the weekly congestion has broken out ..it appeared to be a bear flag at first glance and from a technical stand point..1.4 something could happen if it broke south..but u know me..i trade pound exclusively..so i looked at 16 month time frame and it show me that theres a reluctance to go south..infact the 16 month is bullish..
then the index..looked bullish breakout and bottomed..made sense to try what i did as i never held a position longer than 3 weeks ..somehow i find myself still in
lesson leaned dont...Ignored
DislikedGood day,
Started building short. Will manage as we progress.
RegardsIgnored
DislikedHey nAVIN -
seems like you have been in this trade for 16 months now!!! Hope you are holding up and doing well - I don't know how you do it.......as you know I am an intra day trader.......it kills me to hold something overnight!!!! I rarely do that!
Long live the POUND!!!
Cheers...
FallerIgnored
DislikedGood day to you, sir
Have another sell limit reserved for 1.5840-50 . And yet another for 1.5865-70. That would complete my attempt and will cut all @ 1.5885.I'm leaving for a few meetings ( quick ones) - so setting these and leaving them.
Will have to see what comes of 'em.
Trade well!
RegardsIgnored
DislikedThe probable last leg up failed take up but still not over , got one support 5265 & try best take control again. Now watching a bo towards 5700, 5687>37, 5590 or even down towards 5265 to up last time towards 6077,6150, previous top 6301. so all ranges in combination may take place . now bo playing carefully before the opposite.for smaller H1 chart watching breaks 5754 as confirmation.
fontuIgnored
Dislikedthe sum bitch is trying it..
the weekly congestion has broken out ..it appeared to be a bear flag at first glance and from a technical stand point..1.4 something could happen if it broke south..but u know me..i trade pound exclusively..so i looked at 16 month time frame and it show me that theres a reluctance to go south..infact the 16 month is bullish..
then the index..looked bullish breakout and bottomed..made sense to try what i did as i never held a position longer than 3 weeks ..somehow i find myself still in
lesson leaned dont...Ignored
Dislikedwhy do you trade today ?
in a loose loose situation...bleah
like blinded mosquitos you follow TL's or indies and hope it will work out ?
I have to say news move the price and indies follow....not the otherway around.
better sideline till next weekIgnored
DislikedHe he,
If your talking about me Red, I not trade today, these are only trades from yesterday and last week.
Just controlling my possible DD until I get a swing signal.
I have very good conviction with my swing trades but none with my daytrading.
Don't know why I keep trying to day trade to be honest.
For me it's an exercise in futility.
Wasn't it you that said Fundies Shmundies?Ignored
DislikedWell, it was a gutsy call.
I was really just talking about this highlighted area on the 15 min chart and the monthly GFC drop similarity.
I've seen the last 5 years monthly pattern played out on the 1min chart quite a few times this year.
Reminds me of small waves within big waves etc. Just something interesting I've noticed that's all.
Anyway, the footy is on so got to go.
May stay up for Benny, but then maybe not since I don't really care which way it goes right now...Ignored
Dislikedwhy do you trade today ?
in a loose loose situation...bleah
like blinded mosquitos you follow TL's or indies and hope it will work out ?
I have to say news move the price and indies follow....not the otherway around.
better sideline till next weekIgnored
Dislikedover time u notice price action behaviour without even realising..any1 knew to market not having screen time, welp i have no idea what they must be thinking..Ignored
DislikedWe have retested your Broken 16 month TL sometime ago, so keeping this timeframe in perspective we have been consolidating ever since f#*k
before moving higher
But seriously though, right now, the weekly chart looks to me like it's Just starting to wind up, particularly with a 200SMA slapped on it.
On the weekly chart,it seems to me the 1st 4 months of this year was just setting things up for the rest of the year.Ignored
Dislikedu know my target already and believe me..i believe it
i said it b4 i will say again..dont f&^*k with meh positionsIgnored