Disliked{quote} I think from what i see and read that there is an AB=CD pattern wich is a retracment of 50% +- a box... so u aim for that target... No Div need it in this scenario from what i remember from PDF {image}Ignored
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Disliked{quote} I think from what i see and read that there is an AB=CD pattern wich is a retracment of 50% +- a box... so u aim for that target... No Div need it in this scenario from what i remember from PDF {image}Ignored
Disliked{quote} I think I can understand your statement, but back to what Alan said originally, At C or just after that point we have a short signal in the form of RSI div, seems like there is a form of div, but I don't think I see it, and I want to get it rightIgnored
Disliked{quote} I think from what i see and read that there is an AB=CD pattern wich is a retracment of 50% +- a box... so u aim for that target... No Div need it in this scenario from what i remember from PDF {image}Ignored
Disliked{quote} This C in here, and your original quote, and I struggle to see this RSI div, basically I don't know between which point I draw the line to reveal this div At C or just after that point we have a short signal in the form of RSI div. {image}Ignored
Disliked{quote} Yep gotcha. The C on his drawing was in the wrong place, it should be like this... {image}Ignored
Disliked{quote} Now I see, thanks for the clarification. Sorry that if I seem to chase on this, just don't want to keep silence and pretend that I understand it if I actually don't.Ignored
DislikedHas anyone got any idea why this is sitting on the 50% retracement from yesterday. Flat as a tackIgnored
Disliked{quote} Big ECB statement around lunchtime, not sure if people sitting on their hands till then ?Ignored
DislikedCan anybody please take a look and tell me if these abcd patterns are drawn correctly on my chart. This is GBPUSD 4H chart. TIA {image}Ignored
Disliked{quote} Because you are using candles and not bars and you do not have the 1 period SMA to show the pivots it is difficult to read your charts. All I can do is show mine. The blue ABCD drawn here is one I wouldn't have regarded as an ABCD because both pivots A and C were on the same side of the EMA so I would have just regarded it as divergence. However it does appear to have travelled all the way to the D target. {image}Ignored
Disliked{quote} It's scary how accurate that pattern is... You could easily specialise in trading only ABCDs and do very nicely indeed.Ignored
Disliked{quote} Alan, regarding the third (smallest) triangle, what exactly is the C point? It doesn't seem to be a pivot or the close of the bar, and I don't think there was a con div on the RSI at that point? CheersIgnored
Disliked{quote} Alan, regarding the third (smallest) triangle, what exactly is the C point? It doesn't seem to be a pivot or the close of the bar, and I don't think there was a con div on the RSI at that point? CheersIgnored