EUR/GBP

snapdragon1970 posted:
No point looking back on Trades when everyday brings new opportunities ,I only look back when checking statistics to improve.

True. There will be more opportunies next week.

I just shorted and placed my TP at 0.8750.

The pair is testing the highs arounf 0.88 level but the upside is capped by the 61.8% Fibo at 0.8815.

I'm going short as soon as we reach that Fib

I sold too and my TP is at 0.8750 again.

'

mlawson71 posted:

snapdragon1970 posted:
No point looking back on Trades when everyday brings new opportunities ,I only look back when checking statistics to improve.

True. There will be more opportunies next week.

'

Awesome Advice!!!

Understand to read the overall pattern and which direction the market is heading in based on that unless the pattern is invalidated and learn to read the lower timeframe price manipulation to confuse traders what they should be doing! The picture is painted to confuse you and entice new traders into the market.

Be aware of the Hard Right Edge,if large Investors/Traders have a fixed price to buy at they have to push the price around first before getting the price they want.Patterns do work sometimes just keep in mind if it looks too obvious it's usually a fake out.

Patterns work 80% of the time if you read them correctly

Can you send me the link because that's the first time I heard that statistic.

I know from my own trades and the market overview predictions iv made using them. Looked over 20+ currency pairs almost a year ago and based on patterns every trade has gone in that direction

Probably some of those 20+ currency pairs are cross correlated,human behavior to see patterns even when there are none.

Correlations change and are also manipulated at times. There are always chart patterns, it is how you interpret them and read them that is key and under stand the mindset of a professional trader. Do it for 12 years and you will know what I mean

They don't change that much over short periods ,that's why it's important to do your own correlations on pairs.

I opened a long yesterday at 0.8770, let's hope that on Monday it will keep rising.

Should climb higher to knock out 88280 shorts.

snapdragon1970 posted:
Should climb higher to knock out 88280 shorts.

My hope is that it will climb to 0.8860.

It even passed 0.8860 but I closed my long at that level just in case.