Long Term Trend is bearish {image}
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{quote} Trendlines can be mighty helpful. But what about this quoted on 19 July 2018 ? {image} {image} Analysts are very often wrong even in the case of Banks but one must be open to all analysis and the flow of suggestions. Masterrmind.............
{quote} Having seen this post and your Monthly fib chart i think they will have to scare us to death with a No Brexit Deal so lower to match Analysts and the MM256 chart then they seem to tie in together ? {image}
{quote} Perhaps the turning point for the next great bull market (for GU) will occur from the 1.30ish handle. As I've said before if that handle gives way ... time to reduce some trades. If you were to have a guess at how low the cable would drop over the next month what level would that be ? Masterrmind.............
{quote} I had a feeling that parisboy would probably not respond to this question ! Wise choice after a renewed GU surge up the chart. How long will it last is anyones guess. Masterrmind...........
{quote} My post 2337 indicated that it just might at least bounce, not sure if it will be a full blown reversal though yet, as you say they give you a little and if you do not take it, well they take it back, just a game of rinse and repeat but hey I will be interested next week when the ESMA rules kick in, to see the PA action
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{quote} My target is 1.46484 Your target is 1.42561 Provided price breaks through the 1.40 handle my GU setup will be looking rather good. Far too many obstacles in the way at present to get excited so its a matter of having to wait and see. At least if my target is right then your target is guaranteed to be right ! Masterrmind..............
{quote} Mastermind the break by Price Action of the Future Line of Demarcation 32 (weeks) in blue gives a BEARISH target price between 1,30278 and 1,27548 as Crossing between the FLD (projection of Price Action 16 weeks in the future) and Price Action was graphically estimated , this could vary a little Chart is 5 Years - Time unit is W (Week)
MM 16 & 64 update some tough levels to break though to the upside ? added a 4 day as well {image} {image} {image}
{quote} Whats your story regarding the leverage rules brought about by ESMA ? Did you opt into the larger leverage band or are you with the 30:1 club ? Masterrmind...........
{quote} As I have got older I am not so aggressive with my trading, so although I do not like the larger deposits to trade my accounts, mostly when i have been in a trade I work well under 30:1, it was just the comfort and flexibility that when needed bigger leverage offered a plan B, so no real change staying were I am but only trading majors and not all of them, do think i will be looking for swaps being in my favour though. I have other things that interest me in the day so trying to take a more sober look at trading with longer term trades,...
Much neater and simpler with the real thing ? {image}
