Cable Update (GBPUSD)
- I quote from EWP book at page 63. (Look at the attachment)
- That's a good piece of advice for both of you today.
- Cheers
fibonacci levels is actually the base structure of every position i open!
definetly, opening a position there, is/was scary.
don't get me wrong, it's a compliment to you!
fibonacci levels is actually the base structure of every position i open!
definetly, opening a position there, is/was scary.
don't get me wrong, it's a compliment to you!
- This chart is for walkman, of course when he wakes up.
this chart directly show what i mean before:
considering the 161% daily (which i missed) and so considering to be looking for a long position, by my side, is far better wait the second or even the third touch or waiting price to show that is bouncing on the level using a faster timeframe like in this case the 5m chart.
- Then this chart is for you.
- I wonder, I saw you lately considering close data charts in your posts.
- Then this chart is for you.
- I wonder, I saw you lately considering close data charts in your posts.
Well, with the dollar currently puking, it may get there. In any case, I applaud your long. Good trade there!
A very big part of my method as well. Fibs rule for me.
!! 
yes close data in many situations gives better perception on the overall context.
recently i noticed also an important fact:
the whole move up higher than 1.63 on GU is maybe done 70% by low liquidity spike.
if we consider the close (about 1.63) everything is far better connected on technicals.
this is another confirmation of this
actually i prefer consider only 50%-61.8% retrace areas in any time frame as nearest strongest retrace after an impulsive move. any impulsive move find reject if reach that retrace area. then the size of the...
- Thanks.
- Did you read the comments on the chart?
the diving board is throwing up GU too strongly today
if you jump above, you will more deeply dive?
if somebody remembers I have spoken about it
