will try this after data.. BuyStop : 48582 Tp : 48767 Sl : 48344 (edit - deleted this order.)
Cable Update (GBPUSD)
- #421,841
- Dec 23, 2015 4:14am Dec 23, 2015 4:14am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,050 Posts
- #421,843
- Dec 23, 2015 5:32am Dec 23, 2015 5:32am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
gbp usd now resistance abc 
- #421,847
- Dec 23, 2015 10:55am Dec 23, 2015 10:55am
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- #421,849
- Edited Dec 24, 2015 3:12am Dec 23, 2015 12:29pm | Edited Dec 24, 2015 3:12am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
{quote} I like how you count the Elliot Waves. But I don't understand where the invisible prediction of support and resistance comes from. Could you englighten me?
EW is mostly used together with Fibonacci ratios, such that projections of future prices is by means of Fib ratios of existing waves (say wave 2 is approximately 0.6182 x wave 1, wave 3 = 1.6182 x wave 1 or wave 5 = wave 1) and many more Fib relationships bet. waves.
Initial browsing on Google search gives you some idea:
https://www.google.com/search?site=&....0.rh0Bv-y8fN0
Was just going to post this chart:
Expecting rally after X'Mas
Merry X'mas and an even better year of trading in 2016!
Elliott Wave for optimum entry, exit and risk management of trades
- #421,852
- Dec 23, 2015 9:38pm Dec 23, 2015 9:38pm
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- #421,857
- Dec 24, 2015 7:52am Dec 24, 2015 7:52am
- Joined Nov 2015 | Status: I'm hungry | 4,034 Posts
Everywhere got monster!Happy holiday guys! Merry Xmas!
