{quote} No offence but your english is a bit hard to understand but i will try to explain what i could make out. Firstly my main way to trade is trying to guage out elliot waves. I might not be too good at it but i try. I try to decipher waves with fractals and Fibonacci. Once we get a good impulsive move up after a down move, i label it as wave 1. then through Fibonacci retracement i try to figure out where a second wave ends. as a rule, it can go down to 99% of wave 1 but usually, it moves to a third wave at 61.8%. A third wave can go usually...
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{quote} Yea, almost expecting it ,,,,,have caught a few of these that have ran a long ways ,,,,,,,,,,,happened to be around when it came up so taking a shot lol
I trade reversions so am usually offside
{quote} And that’s what keeps you in the game...”what if I’m wrong” is the difference between a risk manager and risk taker..you got it down ta fine art mbrown always takes entries right off the barrier levels too; so when wrong..pain is minimal. me, ive got problems man
. Not that your not adding to it ,your levels are good too ,,,,
That black horizontal line will be where I’ll begin selling this pair again...however if it sells off large without hitting it - I’ll take longs for the ride back to it. For now, I’ll step aside {image}
{quote} let's see if FXClarity call falls into place it seems to fall around my fib lines so in theory it works for me, but i still dont understand how or why a call can be made with such confidence ???
{quote} Its trading ,,nothing written in stone ,,but why I say true support or resistance is horizontal not diagonal and why trendlines work awesome until that one time they dont and the time it will put you under water ,,,,,your fibs I would be looking at tgts to the downside as we are in a bit of a pullback .. The 272 and 618 levels are based on the range of Mondays trading Notice how price interacted with both ,not just my scatter brained thinking some one else is using them too with a whole lot of money ,,,,,,,,,,as the 2 highs yesterday were...
. Not that i get it right everytime but will not sit on much of a draw down Ill kill it and wait for a better set up
Ah no worries man ,,,,,he is excellent ,taking the hard way but he is profitable ,,,,,,,. Human nature to fight a trend been there done that ,,,,,, found out going with the mkt the acct adds up quicker and instead of big draw downs if ya needed some money ya could close a few trades and have it . I just discovered in my journey I f&*king hate draw downs lol. Worked on going with the mkt instead of against it and like it much better
