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Swede Jan 14, 2020 8:28am | Post# 1201

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I have banked the profit on this one as News out in a few minutes....anyway the roadway was clear and dry....no obstacles and probably this will continue depending on CPI news for USD...
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Swede Jan 14, 2020 8:31am | Post# 1202

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Started to enter Pound Dollar for a swing...very light and will add as the day progresses....
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parisboy Jan 14, 2020 9:10am | Post# 1203

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I have banked the profit on this one as News out in a few minutes....anyway the roadway was clear and dry....no obstacles and probably this will continue depending on CPI news for USD... {image}
My 2 cents on the EURUSD
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parisboy Jan 14, 2020 9:28am | Post# 1204

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Started to enter Pound Dollar for a swing...very light and will add as the day progresses.... {image}
My 2 cents on the Pound Dollar 60 mn

as long as the Descending VTL is not broken on the upside the trend is bearish

follow closely a possible reversal in the vicinity of the Lower Limit of the Envelope 256 Time Units (brown)
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Swede Jan 14, 2020 9:49am | Post# 1205

{quote} My 2 cents on the Pound Dollar 60 mn as long as the Descending VTL is not broken on the upside the trend is bearish follow closely a possible reversal in the vicinity of the Lower Liit of the Envelope 256 Time Units (brown) {image}
Your posts are right on the money....precisely the reason Iím already out with 15 pips net as Gbp stalled at 2994....I see itís moving up a bit now so Iím on the hunt for a good short entry...

parisboy Jan 14, 2020 9:54am | Post# 1206

{quote} Your posts are right on the money....precisely the reason Iím already out with 15 pips net as Gbp stalled at 2994....I see itís moving up a bit now so Iím on the hunt for a good short entry...
Swede that is the methodology I use which is "right on the money".

I am just an average user

parisboy Jan 14, 2020 10:16am | Post# 1207

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{quote} Your posts are right on the money....precisely the reason I’m already out with 15 pips net as Gbp stalled at 2994....I see it’s moving up a bit now so I’m on the hunt for a good short entry...
Swede

GBPUSD 60 mn possible bearish scenario
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BWilliam Jan 14, 2020 10:16am | Post# 1208

{quote} My 2 cents on the Pound Dollar 60 mn as long as the Descending VTL is not broken on the upside the trend is bearish follow closely a possible reversal in the vicinity of the Lower Limit of the Envelope 256 Time Units (brown) {image}
One last dip from 1.3015 before reversal is possible.

Swede Jan 14, 2020 10:25am | Post# 1209

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{quote} Swede GBPUSD 60 mn possible bearish scenario {image}
I agree....
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parisboy Jan 14, 2020 10:27am | Post# 1210

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GBPUSD 60 mn TILLMAN FORKS 1
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BWilliam Jan 14, 2020 10:31am | Post# 1211

{quote} I agree.... {image}
Swede, if price gets up to WPP 1.3100 on your chart sometime this week or next it's a good short level.

parisboy Jan 14, 2020 10:31am | Post# 1212

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GBPUSD 60 mn TILLMAN FORKS 2
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parisboy Jan 14, 2020 10:34am | Post# 1213

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GBPUSD 60 mn TILLMAN FORKS 3
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Swede Jan 14, 2020 12:12pm | Post# 1214

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One of the methods Michael Jenkins uses is to take the swing high and place your fan on the downward trajectory , then draw a vertical line due south of the staring place to swing low and draw another fan this time heading north....his chart below
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Swede Jan 14, 2020 12:13pm | Post# 1215

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using his method here is my euro chart....nice hey? lol
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DiamondMiner Jan 14, 2020 12:27pm | Post# 1216

using his method here is my euro chart....nice hey? lol {image}
Swede, like your friend always said, "You gotta draw those dam lines" !!!!

parisboy Jan 14, 2020 12:49pm | Post# 1217

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using his method here is my euro chart....nice hey? lol {image}
Swede,

IMHO the key information for now is that most of GBPUSD Price Action develops itself within an Ascending Expanding Triangle

Key future informations are IF and WHEN Price Action will break Triangle limits on the upside or the downside
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Steve666 Jan 14, 2020 12:51pm | Post# 1218

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An update from Jan 10th:

S.
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Swede Jan 14, 2020 12:52pm | Post# 1219

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{quote} Swede, like your friend always said, "You gotta draw those dam lines" !!!!
Honestly folks, I was always under the impression one must, absolutely must buy expensive charts to make this happen. Well when it come to scaling that may be true, but if you use the Fib Fan, instead of Gann Fan, the problem is solved.....as far as levels are concerned, levels of price are levels of price, that never changes...and if one applies and adjusts the cycle tool to fit historical highs and lows one finds a chart that really, really works..dont take my word for it, just try it and you will see. Here is Cad hourly with the same applications....would you have had a hard time making the decision to pull the trigger on some of these??

The ideal is to have a set of charts that once a certain level is achieved, you can pull the trigger, set your stop and walk away, knowing your at a level that has a very good chance of paying off....that is the Jenkins and the Beck style of trading and they are pretty much top dogs in these methods imho
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Swede Jan 14, 2020 12:54pm | Post# 1220

An update from Jan 10th: S. {image}
Yes Yes...I was looking back on your post .....nice illustration..


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