Seems like that #GBPUSD AB=CD is forming fast.
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DislikedAlso important to note that when we short FTSE, we are betting on GBP to fall too..because FTSE is in GBP... so even if FTSE is not moving but GBP fall, we profit...and vice versa... *unless you hedge by longing GBP (assuming your account is in USD)Ignored
Disliked{quote} I'm drawing the Fibo retracements from A so that AB = 100. That makes D right above 168.8. Zoom in on my chart above. H4 300SMA will probably be around 1.673 by the time it forms (which is almost exactly the 168.8 fibo). If this AB=CD completes by tomorrow London open time it will be a perfect AB=CD both in time and price (Gann style).Ignored
DislikedI regret not shorting it man...read from somewhere that once price exceed B, the CD leg will probably form...now it seems like coming trueIgnored
Disliked{quote} I never knew that. Can you please send me this article/link.Ignored
Disliked{quote} I never knew that. Can you please send me this article/link.Ignored
Disliked{quote} It should be in the book "trade what you see" http://www.4shared.com/rar/laPgIT1t/...ow_To_Prof.htm page 43 btwIgnored
Disliked{quote} ThanksAnd here is H.M. Gartley's Original book which sold for $25,000 back in 1925!!!! The ever popular and powerful Gartley pattern appears on page 222. Amongst many traders its actually called the Gartley 222 pattern. https://www.dropbox.com/s/tr3jckwcck...ock_Market.pdf
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QuoteDislikedThanks
And here is H.M. Gartley's Original book which sold for $25,000 back in 1925!!!! The ever popular and powerful Gartley pattern appears on page 222. Amongst many traders its actually called the Gartley 222 pattern.
Disliked{quote} ok so we may target for small long for the time being till completion of AB=CD (around 1315)Ignored