DislikedExcellent post Navin. You really know what you're talking about and what it takes. Truly "words of wisdom".Ignored
kind thoughts
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
Better-than-the-wormhole 555 replies
DislikedExcellent post Navin. You really know what you're talking about and what it takes. Truly "words of wisdom".Ignored
DislikedHey buddy, Hope you a great weekend and a good comp.!
Now you know I don't use indicators but I have a separate chart I've been letting this DeMark TL one run on. Check out what it said for Friday on the 4H...LOL
Hmmmmm............lol
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DislikedNot only the 4 h target line, also the daily target line. And now look where the weekly TD target is....
But honestly: I use TD target for >1 year as confluience for Support and resistance. Sometimes they work, sometimes they donīt.Sometimes you see price going throug the target, then you see a target flip (change of target).
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DislikedSee, now on my daily it says we'll hit 7231....lol I have found the 4H projections to be the closest. That would be a nice daily target if I thought I could actually trust it. It does update itself but for the life of me I seem no pattern to it. I "think" it's just once a new high/low is created on the TF it's on.
Anyway, I don't want to clog up Azim's thread with this stuff.Ignored
DislikedHi Azim,
Regarding post # 2171, could you please share why your stop loss is 1.6795? The reason I ask is because the previous high from June 30 is 1.6744 and, it seems to me that if that level gets taken out, there could quite possibly be a momentum surge upward that could take out your stop as well? I'm sure you have good reason for 1.6795 (to do with trendlines I assume or the Oct 10 low of 1.6786?) and am trying to figure it out in my preparations for the week....Ignored
DislikedSmall short placed before close.
GBP USD
1. short @6706 sl @6795 (0.3)
Will put up a chart once I get back to my workstation on Monday.
Enjoy the weekend, I'm going back to bed lol.Ignored
DislikedThe chart below explains the reason for the short taken.
6700 is where I look to tp if possible, before going long on the rebound if it happens. Else, I'll reenter short.
Original chart : http://www.forexfactory.com/attachme...4&d=1248945627Ignored
DislikedThe chart below explains the reason for the short taken.
6700 is where I look to tp if possible, before going long on the rebound if it happens. Else, I'll reenter short.
Original chart : http://www.forexfactory.com/attachme...4&d=1248945627Ignored
Dislikedcan you tell me how to plot that price lines....Any idea abt it...Ignored
DislikedThese are just normal trendlines. You can look for tom demark's books to study them.Ignored
DislikedClosed partial & moved stop for the remaining.
GBP USD
1. short @6874 closed @6825 (0.5)
Remaining stop amended.
GBP USD
1. short @6874 sl @6866 (0.5)Ignored
DislikedOkay, reentered small position.
GBP USD
1. short @6917 sl @6950 (0.1)Ignored