DislikedTrade calls for tomorrow .. that is if the BRIC summit wont cause any/much turbulence ... ...
EU:
m-fibo pivot is at 1.3853 somewhere close to x_fibo 38.2 .. to the upside .. we have .382 node at 1.3947 and .618 at 1.4005 .. 1.0 is at 1.4100 ......Ignored
FYI:
A while back I asked what was the significance of using COG best fit m=2 in Polynomial regression ....
Well .. if you are trading cable now .. or have observed .... you should notice COG at m5 can predict an upcoming reversal in trend with almost laser point accuracy ....
You should notice the green and golden arms of COG coming closer together and slowly closing the gap between btw the lines .. both at the upper and lower arms of COG ...
Hence ... since no one answered that ... I do hope that you will see a potential trade very early .. but still wait for a more thinner decisive gap btw the COG lines ... ..
New traders too can observe this to verify .... this happens better during mkt transitions and during slower mkt activity i.e when their isn't much volatility ... So watch and judge for yourselves .. :nerd:...
"I am convinced that He (God) does not play dice." - Albert Einstein