really sorry, forgot to include the R, here is the complete picture of the S&R.. the cluster is @5960 where 2 fibo confluence..
Attached Image (click to enlarge)
Cable Update (GBPUSD)
- #330,423
- Nov 21, 2012 5:11am Nov 21, 2012 5:11am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #330,424
- Nov 21, 2012 5:25am Nov 21, 2012 5:25am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Good luck? I feel that's all I have to rely on recently. Just got stopped out by that bullshit Asian move. How often do we see that - market moves 50 pips on Asian trading (that normally moves about 5), only to be reversed in the first hour of London trading. It's the third time such a move has taken out my s/l in the last month - got to be some self-contained little money-making game going on there, with or without robots. I know we talk about the 'Asian' market, but that's a misnomer too, surely. The big players in London will have desks...
all the team there is great! btw my nline webinars are just sharing ideas
anyway... these moves at the beginning of london/ ending of asia are often seen.
the problem is not there IMO, is to recognize main levels where have SL at least.
today stops for longs had to stay below that 5870. better <5860
no risk, no profits!
90% of traders use TA, indicators and prediction
- #330,425
- Nov 21, 2012 5:31am Nov 21, 2012 5:31am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Well, sorry to disagree with all the senior guys here.
But in my opinion this is the time for a short on Cable.
Entry 1.5930
First target 1.5890 2nd one 1.5848 and the final one 1.5828
everybody has different views.
personally from now on, i will be looking for good reasons to open short.
best area is 50-70 pips above here, into lower 1.60.
let's see if NY helps
90% of traders use TA, indicators and prediction
- #330,426
- Edited 6:23am Nov 21, 2012 6:07am | Edited 6:23am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #330,427
- Nov 21, 2012 6:08am Nov 21, 2012 6:08am
Well, sorry to disagree with all the senior guys here.
But in my opinion this is the time for a short on Cable.
Entry 1.5930
First target 1.5890 2nd one 1.5848 and the final one 1.5828
- #330,430
- Nov 21, 2012 6:21am Nov 21, 2012 6:21am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #330,431
- Nov 21, 2012 6:23am Nov 21, 2012 6:23am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
wanna watch those level closely mate ....
hey you missed the entry @5828 ask price LOL
i'm joking....
nice work
90% of traders use TA, indicators and prediction
- #330,432
- Nov 21, 2012 6:24am Nov 21, 2012 6:24am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #330,433
- Edited 6:42am Nov 21, 2012 6:28am | Edited 6:42am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
***
thanks mate...
i'd like to join your webinar but my network did not support me .....hopefully someday i join your webinar my friend ...
not familiar with kiwi but i found 5:0 bullish pattern. just trying ...
http://www.trade-forex-harmonic-patt...%20pattern.gif
success for u too ....
hey you missed the entry @5828 ask price LOL
i'm joking....
nice work
not euphoria follower
- #330,437
- Nov 21, 2012 6:59am Nov 21, 2012 6:59am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #330,438
- Nov 21, 2012 7:08am Nov 21, 2012 7:08am
- | Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts
Probability Professor
- #330,439
- Nov 21, 2012 7:37am Nov 21, 2012 7:37am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower