ya SL to BE. Karmo says there's res at 2.0055, which price did pause there currently. .Originally Posted by ;
Yuna
ya SL to BE. Karmo says there's res at 2.0055, which price did pause there currently. .Originally Posted by ;
Yuna
Yeah that he was spot on with this resistance.Originally Posted by ;
Not carrying any position prior to 1h chart is secure;
With this lines we have ascending triangle. So, searching for a break .
Edit: Hoped this fracture would occur before London session shut, so, not carrying this setup. I am avoiding most positions after 16.00GMT. Not saying this have turned out to get a bad installation , only more risky due to lower volatility, IMO.
Hello men,
Hope eveybody created some pips now. Since I need to attend to some things I managed one trade today.
Above is your chart
mARK
,
Do you differentiate about the bullish/bearish type of triangles, wedges etc? Personally, I don't.
Due
mARK
Looks like your sole trade was rather successful afterward!Originally Posted by ;
I mostly look at what level/price different patterns could occur. But some patterns favors breakout to the downside/upside based on statistic. Exp; if you're a formation at a bull-market, you will be favoring a break to the upside and also at a bear-market, the opposite. Statistic viewed.
Furthermore, if you get diamond pattern following a significant bull-move you'd favor a break to the downside.
Hope I answered you question understandable.
I would recommend Thomas Bulkowski as mentor on patterns. He's no less than a master on this field with many many years practice using patterns.
Look the excellent example of fibonacci on weekly charts.More than 200 pips and wait to break 23.6.
Good luck on your trade !Originally Posted by ;
I will article gbpusd chart tomorrow at london open. Good night.
Yea and it occurred prior to london close. So u made some pips ? Like I fell asleep lol, I did not take this EU trade! And I can fall asleep when I needed a position open .Originally Posted by ;
Fortunately I saw my tp reach at my fibo 50 2.0115 area when I woke upOriginally Posted by ;
Yuna