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JimboFX replied Jul 12, 2007Will be a regular visitor of your thread. And yes it's doable, not that I've done it but I've seen ppl with 20+ years experince do it occasionally. Considering your starting capital and goal you only need around 80% monthly return. Good luck ...
100$ -->100,000$ (period: 12 months)
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JimboFX replied Jul 11, 2007Wolfe Wave update — So far the pattern is playing out as expected. Now we need a close inside the wedge to get a confirmation for the move down with a possible target around 1.9550. The levels I'm keeping an eye on are 2.0250 to establish ...
Elliot Wave Trading
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JimboFX replied Jul 10, 2007(UK) BOE's Gieve: There are signs that rates may be impacting the economy; Evidence of rate impact not clear cut - Gieve sees signs that consumers are becoming more cautious - Will not make predictions on rate - Decisions are data dependent - ...
Cable Update (GBPUSD)
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JimboFX replied Jul 9, 2007Let's paly . I've taken a 1/2 short @ 2.0155 and have a limit for the other half @ 2.0170 with a stop couple of pips above the high. R:R looks good to me. But it colud be a quick looser as well

Cable Update (GBPUSD)
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JimboFX replied Jul 6, 2007The bulls need to step in and buy the market right now, before the fix. Otherwise by looking at weekly chart I see a LONG wick. Hence not so good for the longs

Cable Update (GBPUSD)
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JimboFX replied Jul 6, 2007The one think I know for sure in the markets is when there's no one left to buy then the price WILL advance. Supply and demand.
Cable Update (GBPUSD)
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JimboFX replied Jul 5, 2007Here you go. But I only use it to spot a divergence.
Elliot Wave Trading
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JimboFX replied Jul 5, 2007Indeed. But in a long run. Maybe in 5-10 years time. It's inevitable. I'd say somewhere in between 1.60-1.70

Cable Update (GBPUSD)
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JimboFX replied Jul 4, 2007Hey Cesarnc, what's your target ? I'm guessing around 123.80 with a stop few pips bellow the low at 122.09

USD/JPY Discussion
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JimboFX replied Jul 4, 2007I thought I read somewhere there won't be a statement if the rates are held unchanged. If interest rates are increased, the statement accompanying the decision will be watched closely to assess future policy decisions. But only IF.....
Cable Update (GBPUSD)
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JimboFX replied Jul 4, 2007Anyone else see that ? All eyes now on the third touch to the upside. Watch out for a false breakout and then down. A classic Wolfe Wave pattern( url ) in progress

Elliot Wave Trading
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JimboFX replied Jul 4, 2007One of my favourite Gann rule is always buy or sell at 50% retracements from the prevailing trend. He said one could make a fortune following this rule alone

W D Gann - His Trading Strategies!
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JimboFX replied Jul 4, 2007Although I know how to use EW there is no point of bringing it up. It's irrelevant at the moment. BUT if you look at the latest COT report you'll see a record high LONG speculative positions as of last Tuesday. Then we had four more bull runs so I ...
Cable Update (GBPUSD)
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JimboFX replied Jul 4, 2007Your stop is right at a critical level. Have a look at H&S on 15min

Cable Update (GBPUSD)
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JimboFX replied Jul 1, 2007By the way, has anyone seen the latest COT report ? It shows a record high long positions for this year held by speculative accounts.
Cable Update (GBPUSD)
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JimboFX replied Jul 1, 2007Don't know about EA's but if you want to go to a specific date just press Enter on your keyboard. Then in the down left corner of your chart you'll see a box where you can type the date you'd like. The format should be year.month.date

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