Hi Davit!
Thanks for that information. I am not using fibonaccis for my trading so I was not aware of that 78.6% confluence. So far I am building my positions (scaling in) when I find a new SD level in the direction of my trade and the previouos entry is at breakeven. Maybe in the future my trading might evolve into incremental positons, but for now I am doing it like that!
Alfonso
Thanks for that information. I am not using fibonaccis for my trading so I was not aware of that 78.6% confluence. So far I am building my positions (scaling in) when I find a new SD level in the direction of my trade and the previouos entry is at breakeven. Maybe in the future my trading might evolve into incremental positons, but for now I am doing it like that!
Alfonso
DislikedAlfonso If you are bearish on Euro/USD consider GU as well. We got perfect harmonic number 78.6 confluence of previous resistance although not fresh.I am sure you know this but if Euro falls that will have domino reaction on cable as well however either way I see cable as short opportunity primarily even if it goes 56 or 57. I build a position in increments. {image}Ignored
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