THIS triangle must decide the way!
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perfect target would be 1.2940
also 1.2880 -1.2900
also 1.2880 -1.2900
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Blueberry 3.14
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Nearly tp hit 2 more pips... Edit: finished day good one... recovered 2 weeks of losses...{image}
how do you sleep trading 50 lots
Price Action Analysis
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use as much as you please 
STACK'EM , STACK'EM , To the top! that's right !
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use as much as you please
Regards,
Raja
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{quote} how do you sleep trading 50 lots
Extreme gut feeling trader
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- Nov 13, 2019 12:17pm Nov 13, 2019 12:17pm
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Update,
i really hate triangles but the reality is that this what cable is in at the moment as i mentioned in a previous post when the 3rd leg was forming due to the lack of momentum and the way it was taking shape, so i can only conclude that as the daily is in down looks like a correction the 4 hour is up in a correction to the daily down.
After looking at cable chart for about the 50th time or more i conclude short is the answer and to back my claim i entered short with one lot off the bounce of the upper trendline, its a live trade 1 standard lot, will add in more when the lower trend line breaks and if and when any further retracements develop along the way .
There is always a chance im wrong so copy my trade at your own risk.
i really hate triangles but the reality is that this what cable is in at the moment as i mentioned in a previous post when the 3rd leg was forming due to the lack of momentum and the way it was taking shape, so i can only conclude that as the daily is in down looks like a correction the 4 hour is up in a correction to the daily down.
After looking at cable chart for about the 50th time or more i conclude short is the answer and to back my claim i entered short with one lot off the bounce of the upper trendline, its a live trade 1 standard lot, will add in more when the lower trend line breaks and if and when any further retracements develop along the way .
There is always a chance im wrong so copy my trade at your own risk.
After an upswing always a down swing,,,after a downswing always an upswing
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- Nov 13, 2019 1:38pm Nov 13, 2019 1:38pm
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{quote} How do u come up to that Target point. Can u pls, explain further. Would be very grateful.
we are in consolidation mode.
current move is (probably) a corrective 3 wave A-B-C
target for "C" is 1.618 from wave 2 ~ 1.2940
this i not a must!!
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