money ain't shit,i'm the shit..
http://www.forexfactory.com/showthre...01#post8741001
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>> Quinton’s Simple & Effortless Trading thread
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>> Quinton’s Simple & Effortless Trading thread
- Joined Jan 2016 | Status: back to the lab again | 425 Posts
When you hit 50, coffee becomes part of a proper modeling pipeline.
- Joined Feb 2014 | Status: Member | 1,776 Posts
Price alert set @ 0.7698 for longs.
Elliott Wave for optimum entry, exit and risk management of trades
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
Monthly Chart Time to go short soon 800 plus pips on the making? {image}
It will move, but EURGBP is a VERY slow mover, if you want action better find it somewhere else. )))
More important point is that reversal of EURGBP @ or close to 8000 level will signal mid-term bottom in GBP USD.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,013 Posts
A setup for those who want trade against the trend ( I will not take this entry)
A 78.6 fibonacci brake on Monthly timeframe (fib ratio wich usually change the trends) reveal diminishing demand.
A "little fish" is similary to still waters and as in Nature where still waters are very deep , in trading too may signify a large accumulation of emotions and money too, because price is going nowhere. That attract predators (Big Whale) which smell the fresh "meat" and should eat them soon. Because our trend is UP and US election are near, that mean we trade against the trend and a covering action is vital as soon as price is near 0.875.
A 78.6 fibonacci brake on Monthly timeframe (fib ratio wich usually change the trends) reveal diminishing demand.
A "little fish" is similary to still waters and as in Nature where still waters are very deep , in trading too may signify a large accumulation of emotions and money too, because price is going nowhere. That attract predators (Big Whale) which smell the fresh "meat" and should eat them soon. Because our trend is UP and US election are near, that mean we trade against the trend and a covering action is vital as soon as price is near 0.875.
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,013 Posts
A setup for those who want trade against the trend ( I will not take this entry) A 78.6 fibonacci brake on Monthly timeframe (fib ratio wich usually change the trends) reveal diminishing demand. A "little fish" is similary to still waters and as in Nature where still waters are very deep , in trading too may signify a large accumulation of emotions and money too, because price is going nowhere. That attract predators (Big Whale) which smell the fresh "meat" and should eat them soon. Because our trend is UP and US election are near, that mean we...
Update : trade triggered for those who took the short. New SL level should be adjusted.
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,013 Posts
EUR/GBP long term view
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,013 Posts
EUR/GBP long term view {image} {image}
Update :
Aggresive entry would be that before Head&Shoulders confirmation. More risky but with greater reward potential.
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,013 Posts
{quote} Update : Aggresive entry would be that before Head&Shoulders confirmation. More risky but with greater reward potential. {image} {image}
Update 2 :
Upcoming next :
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,013 Posts
A little more push up then a fall may happen
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,013 Posts
Money moves the market, not an indicator.
- | Joined Apr 2017 | Status: Member | 21 Posts
I am long
look at the price action on 1h
and the daily charts....
look at the price action on 1h
and the daily charts....
Pure price action
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,013 Posts
From my facebook group :
Money moves the market, not an indicator.