GU moves in favor .. and stopped exactly where i put my TP .. sigh ... shouldnt go out ...
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DislikedGlad you are still going strong Sonic!
A big picture look at the gbpusd.
Lots of support and a probable termination of an abc correction.
Price has traded back into the "a" section so the correction is probably finished.
A trade above "b" will signal a continuation of the bull trend with more certainty. First target 1.6765
Good trading!Ignored
DislikedGU M15: After the fast, big dip two days ago, we had a Sonic Setup for the big retrace. Now, I am wondering if we will again get a downward run, and am waiting to see if/how this might set up. The attached chart shows early view on possible trade. However, as mentioned in the post above, the Frankfurt and/or London open traders may pop price a bit and sell/short into any takers. This could take PA up a bit before any run down......
Disregard the R/Y/G moving average line. It is "non-sonic" experimentation.Ignored
DislikedGU M15: After the fast, big dip two days ago, we had a Sonic Setup for the big retrace. Now, I am wondering if we will again get a downward run, and am waiting to see if/how this might set up. The attached chart shows early view on possible trade. However, as mentioned in the post above, the Frankfurt and/or London open traders may pop price a bit and sell/short into any takers. This could take PA up a bit before any run down......
Disregard the R/Y/G moving average line. It is "non-sonic" experimentation.Ignored
DislikedTAH
I am trying to work out how to calculate TP1 & TP2 and sort of figured on using former S&R and pivots as TP.
However, looking at your chart has thrown a spanner in the works on that theory as it appears that your TP is lower than the heavy Support line I drew on the chart.
Could you briefly explain the basics of working out Tp as obviously I have now not got a clue as to this.Ignored
DislikedTAH
I am trying to work out how to calculate TP1 & TP2 and sort of figured on using former S&R and pivots as TP.
However, looking at your chart has thrown a spanner in the works on that theory as it appears that your TP is lower than the heavy Support line I drew on the chart.
Could you briefly explain the basics of working out Tp as obviously I have now not got a clue as to this.Ignored