I added short 1.1298 and moved all my stops to a hard stop 1.1350 .. now i will do nothing but to watch the market whether to reap the fruits or to get stopped out .
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Disliked4H chart {image} Equal legs is 1.1234. Nice Div. If this wants to keep the wedgy form this must continue down with all new low diverging. 1H chart {image} 5 waves down. As wave 3 is too long I expect wave 5 short. So I am going to use wave 5 of 3 to project last 5. Din Din Din!!! We got a winner 1.1248. 15min chart {image} We got a problem here. I need more Div. So I could see this as a 5 or 7 waves down and I need one more down either way. So easy pullback to 1.1267/80 zone and then down to 1.1233/42 There you go!Ignored
DislikedI added short 1.1298 and moved all my stops to a hard stop 1.1350 .. now i will do nothing but to watch the market whether to reap the fruits or to get stopped out .Ignored
DislikedI added short 1.1298 and moved all my stops to a hard stop 1.1350 .. now i will do nothing but to watch the market whether to reap the fruits or to get stopped out .Ignored
Disliked{quote} Probably going to 1.1330 tonight. More on monday and then they will remember Daily trend is still down.Ignored
DislikedI can even imagine an unexpected northern outbreak. it's only a matter of time.Ignored
Disliked{quote} Roller coaster also means bad possible moves for the bulls as well ...where are those people coming from?!Ignored
DislikedEncyclopedia of chart patterns is a very good read. My mentor-my grandfather had me read this in 2008 and memorize a few patterns. Accordingly the next 6 bars on daily chart should end in red 50-100 pips. That gives us a target of 1200. If no other pattern shows up in this time, count another 100 pips down. But in the next 6 bars, a reversal chart pattern shows up, then the market prepares to move north. Therefore the next week is paramount for direction. The current pattern ending on Friday points south. I will trade the OPENING 3RD BAR on a 4...Ignored