Quote:
Originally Posted by TMoneyBags
Heh glad that helps  . Keeping the family happy is always good for trading since it will keep your stress level lower. Also 12-2am est are nice trade times. that lead to the major trades at 3am-4am est (London Open). Also note that although I do not trade these any more.. you can always do trend line breaks and use the pattern to give you a sense of direction. |
Yes it sounds like a plan anyways..so thanks for that...and time will tell.
Hard part is sitting here seeing these patterns when I can't trade...like now... then seeing nothing when I can...arrgh!
Seems to be a gartley pattern. That website I listed also has an online charting program with an ABCD drawing tool, so I just draw the ABC portion and it will calculate where D should be...handy...lol
Although the D leg didn't quite reach the recommended 127.68 projection, it did reach the 61.8% fib of XA at 127.62...close enough? I drew in the other lines to see the shape better and it looks good..lol... so if one took a chance and shorted there at 127.62, it did drop.
If one put a target in at C, it didn't quite make either, but it did make it to 127.31....a 31 pip less spread profit which is nice to see. And considering a stop at 127.68 for 8 pips was a nice risk/reward ratio indeed.