bit of a 15min thingy going on ? pennant/triangle/flag/whatever I never know what these are called - Lol!!
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Dislikedbit of a 15min thingy going on ? pennant/triangle/flag/whatever I never know what these are called - Lol!!
G/LIgnored
DislikedHere is a snapshot of cable...there is a prominent broadening top forming on M30...Ignored
DislikedThat's why some of our longer term boys are sitting on the fence right now, call it hidden divergence, broadening top, diamond formation, 2 opposing candle patterns on H1, opposing channels on M15/30, MA's, weekly pivots, monthly pivots, whatever floats your boat, we are at decision point and the only trades out there are scalps, unless you got the kahunas to take a punt either way.Ignored
DislikedThanks .. looks like you started at the low of that day .. but not sure why.
Maybe one day when you have nothing better to do you could hold a little class in how to draw trendlines, etc since they are so important....Ignored
DislikedI do like these broadening top/megaphone formations. If I rememeber right there are typically two touches of the lower TL and three of the upper TL before a major reversal.
I'd like to see it on a higher TF is possible. Here is one I saw on EU 4h but I'm not sure if it is still valid after the fake move out of the bottom TL. Appreciate your comments.
P.S. I'm flat on cable, waiting for some higher TF confirmation.Ignored
DislikedHappy belated birthday, mine was last week, but stopped celebrating the darn thing years ago....Ignored
DislikedI probably have the most reliable indicator of the lot. I just place an order and if the broker accepts it, it is going to fail. If they requote it would have been a good one.Ignored
DislikedThere is even a better one, I call it the FFMuppetCT-Indy. Read the thread in the morning and at the first poster posting a M5 with bells and whistles predicting the top, add to your trade, keep adding to your trade for the first 9 posters and take your profit on the 10th. The law of averages will always work in your favor.Ignored