Cable Update (GBPUSD)

Quoting HDA

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{quote} @Bones: My only suggestion then Bones, if you are that sure that you are right, please create a trading plan and trade it. Make that money I will also continue to make my money HDA OUT

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Quoting HDA

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{quote} @Bones: My only suggestion then Bones, if you are that sure that you are right, please create a trading plan and trade it. Make that money I will also continue to make my money HDA OUT

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Quoting HDA

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{quote} @Carlicus: No problem - I am very very patient, so no problem Ok! Step two: Leave the fibs you have drawn on the chart and make the colour of your fibs GREEN, just for this exercise. After you have done that, Please draw a new set of fibs from A - 1.64601 to B - 1.66843 and then tell me what is the C and the fib retrace level and then tell me what is the D extension and colour that fib Purple HDA OUT

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Quoting Bones

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I have my plan ,ive a large position short eu , {quote}

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Quoting elbert3

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{quote} hda,, as i always post,,,they are our opinions, we all have our own opinions, i do agree with ruffs statement this week has been the most intellectual, posting for some time, some great opinions, some great lessons, some great trades and some really nice traders ,long may we continue to help each other out so that we all can make money out of what is the most challenging thing i have come across , good night all,i remain short elbert out, HDA THIS IS DEDICATED TO YOU SIR ..LOL

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Quoting elbert3

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{quote} {image} last one target if the 100 does not hold 6893 this is about the figure i gave you before ? check the X where the yellow 50 crossed the red 20 this top tl is last chance to go short and a confirm of the short break,,,so again on the day price has to meet the ema,then short to the 200 and enter long if the candles sat so .. thats me,, the visitors are in bed,, the wine has been drank and i am off to bed,, plenty of pips in the bag both the usual x4 regards E

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Quoting Carlicus

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{quote} C ~ 1.6545 D ~ 1.6822 Is that right?

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Quoting santuary123

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{quote} same with you {image}

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Quoting HDA

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{quote} @elbert3: LoL! You are something else I'll never forget you. You spoke from my heart just now - Thank you HDA OUT

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Quoting HDA

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{quote} @Carlicus: No that's wrong Pull the fibs just like you did for the first exercise. Read the instructions again Please draw a new set of fibs from A - 1.64601 to B - 1.66843 and then tell me what is the C and the fib retrace level and then tell me what is the D extension and colour that fib Purple HDA OUT

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Quoting Carlicus

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{quote} Holy cow haha, what did I do wrong now? This is my chart, I think I'm doing exactly the same as you has told me before {image}

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Quoting HDA

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{quote} @Carlicus: You are correct. My style of teaching is to tell you that you have done the right thing incorrectly, to get you to double check yourself to be certain. You have left off the GREEN fibs from the first exercise. Your chart should be showing both the GREEN FIB and the PURPLE fib Its important that you leave the fibs on the chart and colour them so that when I start to explain, you will see everything clearly HDA OUT

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Quoting Carlicus

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{quote} This is the whole picture, with both fibs

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Quoting HDA

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{quote} @Carlicus: You have gone a drawn the fibs again the opposite way. Please draw the fibs how I instructed you to do it and post again Please. HDA OUT

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Quoting Carlicus

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{quote} This is the whole picture, with both fibs and letters {image}

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Quoting HDA

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{quote} @Carlicus: The D extensions are correct, but your retracement levels looks upside down. What I will do then, when explaining is, instead of using fib retracement levels, I will just say letters. So I will adjust my teaching, based on how your fibs are drawn, so just leave them as is. Step 3: Please draw the fibs from A - 1.6552 to B - 1.68209 And please tell me the C and the D extension and colour that fib DARK BLUE. Make sure to leave the other TWO fibs on the chart HDA OUT

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Quoting Carlicus

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{quote} I'm sorry about the retracement levels being upside down. If i get the levels right, then the 161.8% extension would be below A, and not above B, so yeah, it's better that you just use letters for your explanation. This is kind of similar to Elliott Wave Theory. Only that you do things a little different. Here you have the chart C = 1.66543 - 61.8% D = 1.69861 - 161.8 % {image}

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