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Carrera replied Feb 29, 2008Good morning traders, I see 3 down signals here: Big Double Top Big Gartley Small Double Top Besides, the harmonic number going up is completed. Now the harmonic number going down for arround 400 pips looks good. Just my point of view. Good weekend ...
Cable Update (GBPUSD)
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Carrera replied Feb 25, 2008If Pound is not doing good for you, try others — If Pound is not doing good for you, try others. Why stay with one pair? wow, a lot of crying because GU doesn't have a clear direcction. Diversified, don't stop because GU is not working. Well ...
Cable Update (GBPUSD)
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Carrera replied Feb 24, 2008Yes, but we have to wait until this candle (Monthly) close. Remember the 38% fibo analysis posted here before? Well, 38% still strong to break for this pair. Here is the link again. #50838
Cable Update (GBPUSD)
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Carrera replied Feb 24, 2008nAVIN, I guess that what you are saying is that the price is oversold already. See Divergence definition bellow. I agree with you that price at that TF should go up because the oversold area that the Stoch is showing. But the divergence if any, ...
Cable Update (GBPUSD)
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Carrera replied Feb 24, 2008The big picture, — Just my 2 pips here. At long term I see price hitting the HL 61% fibo then resume the up trend. If the 61% fibo is broken, wow whom knows where this baby could go lower!!! It had happened before in that range area at the ...
Cable Update (GBPUSD)
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Carrera replied Feb 24, 2008Hi nAVIN, just to understand the divergence here, if the arrows are pointing the divergence, then it is bearish according to them. When there is divergence the indicator tell you the POSIBBLE but not necessary future direction.
Cable Update (GBPUSD)
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Carrera replied Feb 22, 2008AB=CD Pattern — For me, I just wait for my order to be triggered and let it move. If not triggered, nothin to loose. My predicted pattern maybe will be real. Have a nice weekend to you all and good trading. #55301 post for the first chart
Cable Update (GBPUSD)
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Carrera replied Feb 22, 2008Don't take everything as exact mesure, example, when we said price is bouncing @ 61% fibo, it doesn't have to be EXACTLY @ 61%. It could be arround that area. The pattern that I showed had arround 1,800 pips!!! If my tren line is 20 or 30 pips off ...
Cable Update (GBPUSD)
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Carrera replied Feb 21, 2008This is a long term trade. Also you must wait for break out confirmation. For now we scalp some pips inside the triangle. Wait for confirmation for the long term contract. Patience.
Cable Update (GBPUSD)
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Carrera replied Feb 20, 2008It is a triple bottom. As Ameri said, IF it goes bellow, then we can call that the triple bottom fail. I'm buying already. Progress hammer at 1D Boundcing from bottom of a tunel @ 5M Fibo enter for my strategy. Why wait!
Cable Update (GBPUSD)
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Carrera replied Feb 20, 2008I'm a technical trader and I been doing exellent. Leave 10% for fundamentals, sometime will make you think if it is a good time to get in the trade. Good for you and good luck.
Cable Update (GBPUSD)
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Carrera replied Feb 20, 2008Good data news for USD, so what the FOMC is thinking? Well probbably there is no need to another rate cut. The Dow get mad and bann, then it goes down, down it goes. Then JPY push down the crosses, GU will see more sells as well EU and life goes on. ...
Cable Update (GBPUSD)
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Carrera replied Feb 17, 2008Is not an EA, it is a tool in my platform. The gartley and buttlerfly tool, you draw the lines and the program give you the Fibo numbers automaticaly. With the AB=CD, you draw the A - B - C and D is calculated by the program. Here is an example of ...
Cable Update (GBPUSD)
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Carrera replied Feb 17, 2008Well after lost a lot of money with a lot of strategies, now using pattern recognition I'm doing a lot better. 7 out of 10 are good trades. I use: Gartley 222 Buttlerfly AB=CD The tree drives pattern The 0-5 pattern Bat pattern Crab pattern and the ...
Cable Update (GBPUSD)