Now I watch to see if the bottom of the wedge gets taken out and tested from the other side. The test point should be the ideal level to sell for the big drop.

New Cable Thread & Other Pairs

I don´t think we are in a new bull market. I think you just had a triple top in Gold and it is now dropping as it should.

New Cable Thread & Other Pairs

[quote=pedro319;14932782] I agree with your levels. Attached is the H4 wedge that gives a clue of the drop we may be nearing. EurUsd should drop also. We´ll see.

New Cable Thread & Other Pairs

You are doing the right things and being cautious which is good. However, in your place, I would practice with a live account and very small trades (0.01 lots). There is a world of difference between live and demo. After you become profficient, ...

Gold

[quote=pedro319;14932766] How are you playing it? Are you long now? Waiting for levels to be reached to short? To me, 2450/2460 looks like a possible top. If that goes, 2500 seems reachable.

New Cable Thread & Other Pairs

Do you still think Gold is going to 2425?

New Cable Thread & Other Pairs

I´m looking at the 38.2% retracement at 2395.90. It probably will go lower but gold likes the 38.2 retracements.

New Cable Thread & Other Pairs

You don´t think 2400 will hold?

New Cable Thread & Other Pairs

If this does happen, it could look somewhat like this.

New Cable Thread & Other Pairs

I am looking for a quick AB=CD to the red trendline (1.06), possibly in the next few days. It could be caused by a high inflation read tomorrow. We´ll see...

New Cable Thread & Other Pairs

Thanks. I appreciate the guidance.

CHOROS System

Hi Birdland. You mentioned this thread in the New Cable thread today. I intend to read all 800+ pages but I would appreciate it greatly if you direct me to an approximate post or year where the final (current) conditions are explained. I thank you ...

CHOROS System

Are they EMA´s ? My technique is very similar using the 20 EMA and the 49 LWMA. It works great.

New Cable Thread & Other Pairs

I have EurUsd around 1.0450 by the middle of July. The third fan line has been broken on both DXY and EU. Lower is the way now... There could be an unlikely spike but the main road leads south for EU. Attached is the weekly DXY chart with a 110 ...

New Cable Thread & Other Pairs

And the scary election is on Sunday. It probably will be dumped by the close tomorrow. There is serious danger of a gap open on Monday.

New Cable Thread & Other Pairs

That is precisely why I will not touch a Sell Yen trade at these levels. Buy Yen trades , no problem...

New Cable Thread & Other Pairs

I closed too, days before... but several friends of mine are still licking their woumds. Sorry, I thought you were long EJ... My mistake,.

New Cable Thread & Other Pairs

Do the stops work with a sudden huge drop? I remember years ago when the Swiss Central bank delinked the Swiss Franc to the Euro, many people with stops in place got wiped out. The brokers said there were no bids, etc... Again, I am just asking... ...

New Cable Thread & Other Pairs

In long positions with Yen pairs like EJ, aren´t you concerned that they could intervene at any time and you can get killed in a big drop? Just asking...

New Cable Thread & Other Pairs

And with no news tomorrow, it is the perfect time for EU and GU to make up some ground before the next fall. Your Butterfly target seems just about right.

New Cable Thread & Other Pairs