Disliked{quote} What made you change your direction? We are only half way throught descending channel. 132 is a must, of course some retracements to the other side will happen. I've learned to delay my instant reaction as trade is always behind our plans. {image}Ignored
Disliked{quote} Hello baba Navin. here is why i am long. First of all, i am a swing trader so i might have to hold my longs 150/200 pips against where i will be adding. The Gann calculator goes up and down by levels. Had cable reached 13983 aprox. then it would have gone below 13000. Now if we take 2 levels missing 13983 we reach 14220 aprox. 13384 was my reference to reach 13747 and 13983. It has broken 13384 without reaching 13983. This means that 13747 is equivalent to 13384 thus, 13747 and finally 14220. {image}{image}{image}Ignored
Basically looking at the 4hour we had a large bullish candle...1.34 also represents 61.8% of the low to high retracement..I just could not ignore a potential to go higher b4 moving down..and because my entries are sitting on 1.34 I thought I'm gonna see a drawdown..In hindsight I should have hedged maybe, but it could also be a place to turn bullish long term ..we have both ABCD formations one for up and one for down
still not sure of the trend, but i keep thinking why would BOE want a cheap rate? considering everything pretty much comes from outside
The there the AWR (average weekly range) quite big?
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