Current Pullback — The current pullback Fib values are as follows: 1.4093 = 23.6 Fib, 1.4118 = 38.2 Fib, 1.4139 = 50 % and 1.4160 = 61.8 % AJ

Cable Update (GBPUSD)

4 Hr — Cable went right to the crossroads and bounced off the 4 Hr 89 SMA. Nice play here. AJ

The WoRmHoLe

But — Been wrong before, though.

Cable Update (GBPUSD)

I Don't know — If it IS going short, I will be surprised if it gets that far. J

Cable Update (GBPUSD)

Thanks for that — How did you know I changed handles, had to change my email also...LOL Yep, your right and been around here for 5 years. Just got tired of all the PM's and too many people got hold of my email. Been trading ever since I quit ...

The WoRmHoLe

No Malice intended — I am sorry you took me wrong, I appologised and thought it would suffice. I have been trading for a long time and was just looking for a new idea or ideas. Don't understand why you would take me so wrong, so I will ...

The WoRmHoLe

I appologise — I am sorry if I offended you, it was not my meaning. Got to head to church, see you all later. AJ

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What pair you looking at — Hello, could you explain further. I don't understand your chart. AJ

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Must Remember — One thing we must all remember, especially if you are new to forex or any type of trading for that matter, when we look out at the Daily. Things just dont happen overnight. The pattern break that you are speaking of may not ...

The WoRmHoLe

330 & 331 — Yep, its been discussed, Rigitt. Please see post's 330 & 331 AJ

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Thanks — We can always learn new avenues.

The WoRmHoLe

EUR/USD — In this pair we can see the 1 Hr channel with the numerous hits on each side. You can see the trip to the top is marked by an UTL, and a break of this would mean a good posibility of a trip to the bottom. The 2nd chart is the 4Hr and ...

The WoRmHoLe

Agreed — Kinda bears out what we all are thinking. Nice to see a trend line with more than 2 hits. Anyting more than 2 hits is considered great support/resistance. Too many people drawing them off 2 points and expecting fantastic things to ...

The WoRmHoLe

Fib Levels — I believe they are R1=50%, R2=61.8%, R3=76.1% Then it uses the Daily Pivot which is below 38.2% then it uses the S1 and S2 Pivots and that is about all I can tell you without the MQ4. AJ

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OK — OK, This kind of analysis I can deal with. 1) Below the 89 SMA, meaning long term trend is still down. "The 89 was used as the main drive cog in premier trade's system, the first system ever to come out for the novelist. Premier Trade was ...

The WoRmHoLe

Hanging Man — This could turn into a hanging man here on the 4. Or even maybe Hammer time

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Yea, Ok — Time to take the kids to school, be back in 1 Hr or so. AJ

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FYI Food for thought — Looks like a rough Head and Shoulders here and if that is the case, a very profitable one. Check this out Worm and let me know your comments. Looks like a break of say... 141.66, then the next Daily high of 148.60 AJ

The WoRmHoLe

Yea — I got to run my child to school, I will wait for U.S. Trade balance. J

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Nah — It's Friday. I already pulled 1/2 my total off and moved stop up. Taking no chances. Getting out on a winner and looking forward to trading with you and your style. Got a lot of problems at home right now and I need to learn. I have no ...

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