[quote=Large Wave Rider;1837492]Hi BWR.... Yep had short GU positions closed at 800 pips. Probably reopen.Originally Posted by ;
[quote=Large Wave Rider;1837492]Hi BWR.... Yep had short GU positions closed at 800 pips. Probably reopen.Originally Posted by ;
[quote=/ 1837524]Checked. Basically another 1000 pips down?Originally Posted by ;
that I have no idea if that is correct. I am not a major fan of fibos but thought could have a go and drawed fast some fibo retracement levels...
So here we go... At least VERY intriguing. Might have an early clue to really go?
That is an intriguing level as it's the high of the previous motion. However cable strike the T2 of the previous correction on the monthly therefore that I would have to say there is still some more downward potential. BUT what do I know it could bounce up from here.Originally Posted by ;
I knew you'd discover that one individual. Lol I'm just waiting for the perfect set up on lower timeframes to go long.Originally Posted by ;
I'd wait... something like a really simple thing such as a 20 day breakout or something.Originally Posted by ;
Whats a 20 day breakout? Do we have to wait for 20 days for it to occur?Originally Posted by ;
Are you serious BWR??Originally Posted by ;
Well. Yes. You remember Mr Richard Donchians 4 week rule? . By the way this is a portion of one of my methods and yes I really do wait 20 trading days in order for it to happen.
Really, no I don't have any idea of this 20 day split out. Just a little explanation would be fine.Originally Posted by ;