Dislikedtp @1.56 if you have the patience. Just don't forget to lock your trade once in profitIgnored
Cable Update (GBPUSD)
- #220,144
- Apr 21, 2010 6:46am Apr 21, 2010 6:46am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
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- #220,145
- Apr 21, 2010 6:50am Apr 21, 2010 6:50am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
This chart, I give credit to Hanise... 1.3305 is a big possibility
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- #220,148
- Apr 21, 2010 6:56am Apr 21, 2010 6:56am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
ohh ..
u meant by trail stop..
i do that ...
bt now it was gettin too choppy
so closed my trades with 62 pips
oh well ... as long as you closed in profit
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- #220,149
- Apr 21, 2010 6:58am Apr 21, 2010 6:58am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
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- #220,152
- Apr 21, 2010 7:00am Apr 21, 2010 7:00am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
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- #220,154
- Apr 21, 2010 7:04am Apr 21, 2010 7:04am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
hit and run cash in enjoy the ride
enjoy the ride - #220,155
- Apr 21, 2010 7:05am Apr 21, 2010 7:05am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #220,156
- Apr 21, 2010 7:05am Apr 21, 2010 7:05am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
SOLD at 5424
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- #220,157
- Apr 21, 2010 7:06am Apr 21, 2010 7:06am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
exit 5402
- #220,158
- Apr 21, 2010 7:07am Apr 21, 2010 7:07am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
for those that were selling last night and got their arses nailed and stops hit check this post out
http://www.forexfactory.com/showpost...stcount=219985
the range was filled and target missed by 1 pip.
Using range we can assume where price has a high chance of going , getting on long or short trade and one trade in opposite direction as candle forms
voodoo boodoo or doodoo - #220,159
- Apr 21, 2010 7:09am Apr 21, 2010 7:09am
- | Additional Username | Joined May 2009 | 2,719 Posts
- #220,160
- Apr 21, 2010 7:11am Apr 21, 2010 7:11am
this is just a what if, because it might not ever work out this way. but... Tom DeMark's theory of price projections states that when a triangle breaks, there is a high probability that price will move the length of the triangle base in the direction of the triangle break (unless it doesn't!) which in this case would put price at 1.5728 if it follows through, and that happens to line up exactly with a 161.8% fib extension.
Also one might conceivably interpret the preceding price action as a mutated inverse head and shoulders, which would also lean towards suggesting a further move up.
on the other hand, there also seems to be a butterfly gartley in play, which may have been triggered at the 70.7% fib retracement at 1.5512. Or alternatively it could be re-triggered at the 78.6% retracement at 1.5592. Many possiblities... or it could just drop like a rock from here
attached pics will they show up? if not I'll rewrite
Also one might conceivably interpret the preceding price action as a mutated inverse head and shoulders, which would also lean towards suggesting a further move up.
on the other hand, there also seems to be a butterfly gartley in play, which may have been triggered at the 70.7% fib retracement at 1.5512. Or alternatively it could be re-triggered at the 78.6% retracement at 1.5592. Many possiblities... or it could just drop like a rock from here
attached pics will they show up? if not I'll rewrite
"The real genius is knowing when to stop." - Marc Faber