Maybe email me I can discuss what I know with you and it looks like I can help you out and we can share a couple of ideas.
According to my mentor measure AB project it from C point D will complete at
100%
127.25
1.618%
I watch the price action on the approach to D, long bars tell you lots of buying so be careful 100% might not hold it, this bit can only be learned, you have to watch a shed load of patterns unfold, but after a while you get a feel for them. All markets are different they all like to do their own thing.
EUROUSD looks like a daily reversal level is very close, I have two levels in mind one 1.5352 and 1.5383 european interest rate due out today so we will see which one it is. Long patterns usually do not make the .618 retrace level, my thoughts on this is that it might make 50% of the move in the CD leg.
Entry at the two levels specified, stops on a daily can be difficult, safety says no more than 25 pips each, I would rather lose 20-25 pips then get all sulky watching a 50 pip minus position.
PM me we can have a chat, they are cracking when they work.
All the best
Smalldog2
According to my mentor measure AB project it from C point D will complete at
100%
127.25
1.618%
I watch the price action on the approach to D, long bars tell you lots of buying so be careful 100% might not hold it, this bit can only be learned, you have to watch a shed load of patterns unfold, but after a while you get a feel for them. All markets are different they all like to do their own thing.
EUROUSD looks like a daily reversal level is very close, I have two levels in mind one 1.5352 and 1.5383 european interest rate due out today so we will see which one it is. Long patterns usually do not make the .618 retrace level, my thoughts on this is that it might make 50% of the move in the CD leg.
Entry at the two levels specified, stops on a daily can be difficult, safety says no more than 25 pips each, I would rather lose 20-25 pips then get all sulky watching a 50 pip minus position.
PM me we can have a chat, they are cracking when they work.
All the best
Smalldog2