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emotionaltrader
Dec 13 2019 at 11:15
99 posts
CORRECTION LAST POST: ...alternatively GBPUSD brief correction to approx. 1.306 and then up to 1.38 then back down to 1.306

and following this Mighty Sterling should go higher 1.51!

emotionaltrader
Dec 13 2019 at 11:18
99 posts
Missed Crucial Bit of Information. Please see Chart

Obviously this will take several months to complete etc!

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emotionaltrader
Dec 13 2019 at 11:46
99 posts
GBPUSD I just want to quick correct my retracement level to approx: 1.316 and then up to 1.38!

Just got carried away...not known as emotional trader for nothing!

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Debtless
Dec 13 2019 at 11:55
11 posts
It is easy to find examples of ANY strategy working. The problem with any strategy is reducing the number of failed set ups

emotionaltrader
Dec 13 2019 at 12:34
99 posts
GBPUSD: Just out of interest see chart. Trend Lines take from 1985 Low 1.0790 and intersect where 14 Day SMA bends etc!

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emotionaltrader
Dec 13 2019 at 12:37
99 posts
...and again GBPUSD Close Up!

This is why it's good/critical to have access to Historical Charts!

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Flong
Dec 15 2019 at 12:50
12 posts
I prefer larger time and price ranges because they allow me to spend less time on market analysis. Unfortunately, I can't devote as much time and effort to trading as I would really like to. That's why we have to follow this path. But in principle, I do not know many people who would be willing to spend a lot of time on analysis. The rhythm of modern life is too high, and decisions need to be made faster. Although let's be honest, the market does not like it. And in general, the support and resistance levels are one of the key indicators that are used both by representatives of traditional trading and by representatives of modern dynamic directions. And all because this indicator really gives the most accurate forecast.

emotionaltrader
Dec 15 2019 at 18:13
99 posts
Flong

I'm not trading with any money as the Leverage Restrictions brought in by ESMA have made it not worth my while, but I like to keep up to date with what's happening in the market and of course I like Technical Analysis.

Algorithms and Robots have spoilt Trading and especially Technical Analysis as they do it all for you, but I get a lot of enjoyment from Technical Analysis. The sad thing is as I have proved there is still much that people can learn about Technical Analysis. I get so much enjoyment from discovering new things, new ways of analysing charts and the thing is it's all stuff that I've been blessed with! The introduction of Algorithms and Robots means new ways of analysing charts are being overlooked and are of no importance!

It's a Rich Mans Game now, no longer can people like myself have any prospect of making a living or making a fortune as you could 30 years ago! Trading is in the hands of the Big Guns, those with algorithms which are capable of running millions of different trades per second and reacting in nanoseconds!





emotionaltrader
Dec 15 2019 at 18:28
99 posts
Flong

The other thing I love about Technical Analysis is seeing a Candle bounce of the lines you've drawn and some of them have been there for weeks/months and seeing how they act as support and resistance and react to the price action etc!

That's the enjoyment of Technical Analysis, a bit like chess!


AmDiab
Dec 30 2019 at 16:52
709 posts
emotionaltrader posted:
Flong

The other thing I love about Technical Analysis is seeing a Candle bounce of the lines you've drawn and some of them have been there for weeks/months and seeing how they act as support and resistance and react to the price action etc!

That's the enjoyment of Technical Analysis, a bit like chess!



Buddy, why you don’t share your trade setups now? I am expecting more activities from you.

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