Disliked{quote} Forced liquidation of idiots who have martingale short positionsIgnored
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Face both Win and Lose bravely
Cable Update (GBPUSD)
- #349,185
- Edited 8:53am Oct 17, 2013 8:42am | Edited 8:53am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
Always looking the GREAT, never left GOOD Point...
- #349,187
- Oct 17, 2013 8:47am Oct 17, 2013 8:47am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #349,189
- Oct 17, 2013 9:03am Oct 17, 2013 9:03am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #349,190
- Oct 17, 2013 9:05am Oct 17, 2013 9:05am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Forced liquidation of idiots who have martingale short positions
that also looks possible
but this chart gave me a good reason to think it was gonna fall..thought it was a good setup..
- #349,191
- Oct 17, 2013 9:13am Oct 17, 2013 9:13am
- Joined May 2012 | Status: Senior Member | 3,108 Posts
- #349,192
- Oct 17, 2013 9:13am Oct 17, 2013 9:13am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #349,193
- Oct 17, 2013 9:14am Oct 17, 2013 9:14am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #349,195
- Oct 17, 2013 9:17am Oct 17, 2013 9:17am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #349,197
- Oct 17, 2013 9:21am Oct 17, 2013 9:21am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
Hi Nav
You've marked on your weekly chart posted above and replicated below....what I think you are referring to as hidden divergence ...but look where it came at - a fractal HH after 2 x fractal HL's on that weekly t/f - so it was already in an uptrend ! - and anyway, if hidden divergence is a way of entering the next higher t/f trend after a pullback - then where was the downtrend on the monthly ? - this t/f is clearly rangy. Whatever happens ie whether price continues up or goes down - it was not a good set-up !
G/L mate - hope your shorts work out for you.
You've marked on your weekly chart posted above and replicated below....what I think you are referring to as hidden divergence ...but look where it came at - a fractal HH after 2 x fractal HL's on that weekly t/f - so it was already in an uptrend ! - and anyway, if hidden divergence is a way of entering the next higher t/f trend after a pullback - then where was the downtrend on the monthly ? - this t/f is clearly rangy. Whatever happens ie whether price continues up or goes down - it was not a good set-up !
G/L mate - hope your shorts work out for you.
{quote} that also looks possible
ex member
- #349,198
- Oct 17, 2013 9:27am Oct 17, 2013 9:27am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
http://s1.reutersmedia.net/resources...1017104824.jpg
Analysis: Washington becomes the biggest risk to the U.S. economy
By Andy Sullivan
WASHINGTON | Thu Oct 17, 2013 6:05am EDT
http://www.reuters.com/article/2013/...99G05T20131017
To be Continued ???
Always looking the GREAT, never left GOOD Point...
- #349,199
- Oct 17, 2013 9:31am Oct 17, 2013 9:31am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hi Nav You've marked on your weekly chart posted above and replicated below....what I think you are referring to as hidden divergence ...but look where it came at - a fractal HH after 2 x fractal HL's on that weekly t/f - so it was already in an uptrend ! - and anyway, if hidden divergence is a way of entering the next higher t/f trend after a pullback - then where was the downtrend on the monthly ? - this t/f is clearly rangy. Whatever happens ie whether price continues up or goes down - it was not a good set-up ! G/L mate - hope your shorts work...
its a chart setup which i have to learn from..yes i agree..thanks buddy
- #349,200
- Oct 17, 2013 9:42am Oct 17, 2013 9:42am
- | Commercial User | Joined Feb 2010 | 8,031 Posts
My target is still 1.6300 {image} {image}
{quote} Also waiting for a new high
Founder of Sutherland Wave Principle