Lots of resistance here so it may take awhile. Remember, this pair takes a lot of patience and it is being tried here. You will be rewarded.
Jim
Jim
Cable Update - Continued 102 replies
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Dislikedthis 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...Ignored
DislikedSure I'm going to regret this, but closed my long. seems this 1.54 is tough to move up from.Ignored
Dislikedyeah let's hope they kick it up a notch and make these equities blast off a bit
Hey kill I see you got the whole Magix thing down, I've been looking that over I really want to learn that whole scalping thing but I haven't quite got the hang of it yet. I'm continuing to try to wrap my brain around the system... is that this 'voodoo boodoo' you speak of?Ignored
DislikedSure I'm going to regret this, but closed my long. seems this 1.54 is tough to move up from.Ignored
DislikedLooking at 5500 but the bad news is the weekly pivot at 5415 has been tough. The good news is if we break above and test the top and it holds, we can add to our buy for another 70 pips. This is what I am hoping for, but my quota has been realized already this week and will not take any
unnecessary chances.Ignored