DislikedHello .simoneg
I'm using this method on EUR/JPY , GBP/JPY, CAD?JPY.
and it's all giving a positive resultsIgnored
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DislikedHello .simoneg
I'm using this method on EUR/JPY , GBP/JPY, CAD?JPY.
and it's all giving a positive resultsIgnored
Dislikedhi
Simone, I am a little confused. You enterded short at 1,5157 or you will enter if price close below 1,5136? And where is your SL?
Thank youIgnored
Dislikedgood morning Simoneg
I've been watching this thread for a few days and like your method though not
the easiest to understand.I have used and believe in fibs but never to the extent that you are mastering. I can see where you got the downward projections for the pullback but how did you get the entry point and be relatively confident that that was the top?Ignored
DislikedI understand now. I like your method and I try to use it trading EU because is not so volatile like cable.Ignored
DislikedCurrently short the GBP/USD at 1.5157. Fibbing the entire up move, 1.5169 to 1.4871, we see support (19.1%) at 1.4928. And as we outlined earlier in the thread these levels are magnet levels once a move is complete. So once a buy move completes, the market tends to return to the support of the swing or lower. So we can assume this to be the first major destination should this fall continue.
http://img25.imageshack.us/img25/151/nextph.jpgIgnored
Dislikedon the 15 min chart it looks like a perfect head and shoulders forming which should add some pips to the short positions(8:22 am EST) hope it falls.Ignored
DislikedBe Careful with the shorts here.
1: According to Elliot wave theory 5-th wave should be match longer than the 3-rd ware.
2: You are standing contra trend position.
3: Today is Friday.Ignored