My strategy is to trade both directions. Sell rallies and buy dips AFTER rejections.....
Until we get a break out in either direction.
Until we get a break out in either direction.
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Auslanco-GBP/JPY Strength Indicator strategy 344 replies
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DislikedHere's a little evidence to support a double bottom.
The collapse at the beginning of 08 was from 224.88 to 213.55
The 161.8% extension comes in at 206.56. Truncate the spike on 2/7/08 and voila, magic.
Seems that 213.50 should be a target by the end of the week.
ALSO
206.80 to 210.95 move fibo's
23.6% 209.97 being tested now
38.2% 209.36 should be the bottom for now (Quecee will like this) & 209.31 is the Daily 5SMAIgnored
DislikedQUECEE -
Hey mate, I was hoping you could share with us the setting you have on your indicators on your chart posted above? I dont mean to pester you but just loking at a few different things and i like the look of your filters up there...
Thanks mate.
MitchIgnored
DislikedQ,
your trend traffic indidcator looks just like the QQE. What am I missing here?Ignored
DislikedSorry, you can't comprehend my chart. (probably because there is no indicators on it. lol)
The horizonal lines are S/R levels or pivot zones. These are not created by a mathematical equation, but by the market itself.
If I see a convincing break down and/or Price Action break of the 210.40. The possible retrace target was to the 209.40 and/or 208.84.
JimIgnored
DislikedSorry, you can't comprehend my chart. (probably because there is no indicators on it. lol)
The horizonal lines are S/R levels or pivot zones. These are not created by a mathematical equation, but by the market itself.
If I see a convincing break down and/or Price Action break of the 210.40. The possible retrace target was to the 209.40 and/or 208.84.
JimIgnored
DislikedHere is a weekly chart for u, Really shows the big picture. . .
Good night all! =Ignored
DislikedIgnored
DislikedTarget for today could easily be 213 unless we get some bad news.Ignored