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- iGuitar replied May 20, 2016
Friday was no different; In the EU chart we could have chosen 2 Quartiles, I held to the smaller one but the other one (dashed lines) gave me confidence. - Price just 'had' to make it to the fourth (in both of them), after retracing to the 50% area. ...
- iGuitar replied May 18, 2016
OK, I'll be there for sure. Thanks, igi
- iGuitar replied May 18, 2016
Spot on image Nah... just beginner's luck
- iGuitar replied May 18, 2016
To maintain equilibrium the Pound should make another thrust of over 50 pips (to 1.4615 apprx') but DON'T take my word for it... i'm just a trader on the making Nala, sorry I had to miss your webinar today. Any chance of knowing about it ...
- iGuitar replied May 18, 2016
The british pound behaved very nice today. The "wheels within wheels" moved very strongly (UK labor market and the Brexit vote I should think...) The Magenta quartile lines in the pic' are from a leg (long) of a higher timeframe. the reds are ...
- iGuitar replied May 17, 2016
Yup... image Made some pips on the way down
- iGuitar replied May 17, 2016
That's fantastic Nala image Wonder if it will make another 100% retrace runner (different Quartile obviously) ?
- iGuitar replied May 15, 2016
So, the chart in post 47 represents the wheels within wheels? How would you trade that price action?
- iGuitar replied May 14, 2016
Entry on high probability trade i.e. all indications are in agreement. I would say it is range break of sorts but has a built-in money management with SET i.e. your risk (say 5%) with tight stop and a target (1:3) RR or more per trade.
- iGuitar replied May 14, 2016
The math of trading this approach shows up nicely If we have a look of what developed in the rest of the day (audjpy, May 12): image As price broke the 79.990 S/R level (top of preliminary Quartile), it made another 4 steps to the top (almost pip ...
- iGuitar replied May 14, 2016
Thank you Nala for showing your way Here is a take on the AudJpy , May 12 -
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