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Winston Reed replied Nov 14, 2012Cool. Good to know. Study, study, study
Backing Trades Thru Charts
- Winston Reed replied Nov 14, 2012
Weekly GU view. I like the confluence at the 100% fibo ext.
Backing Trades Thru Charts
- Winston Reed replied Nov 14, 2012
Thanks Coke. A lot of gold you just spilt. Much appreciat
Backing Trades Thru Charts
- Winston Reed replied Nov 13, 2012
This one seems to have some legs. SL at BE and TP as shown
Backing Trades Thru Charts
- Winston Reed replied Nov 13, 2012
Your wisdom is much appreciated. I do get caught up in the correlation sometimes - to my detriment.
Backing Trades Thru Charts
- Winston Reed replied Nov 13, 2012
OK, I can see much better confluence at the 50% fibo. Lines up with the EU setup. Already closed half and other half at break even.
Backing Trades Thru Charts
- Winston Reed replied Nov 13, 2012
Took this short on USDCHF at the 38.2 fibo retracement.
Backing Trades Thru Charts
- Winston Reed replied Nov 13, 2012
LOL. I just figured out how to use the fibo expansion tool. Now AB-CD is making more since. I've been trading for 5 years. I feel infantile but enjoying.
Backing Trades Thru Charts
- Winston Reed replied Nov 13, 2012
I think you already posted something on this one.
Backing Trades Thru Charts
- Winston Reed replied Nov 12, 2012
LOL you answered my question while I was typing. Thanks!!!!
Backing Trades Thru Charts
- Winston Reed replied Nov 12, 2012
I should have waited to see a retest of the UTL of the wedge but I wonder if you could comment on what seemed like a possible earlier entry. It seems you take many trades off fib retracements at confluence with ppzs or s/r with obvious flips. In ...
Backing Trades Thru Charts
- Winston Reed replied Nov 12, 2012
TLC is this something you would have been interested in. Price had retraced to the 50% fib then broke out of the wedge to the upside. Never mind my entry which was off a BUOEB on the H4 time frame
.Backing Trades Thru Charts
- Winston Reed replied Nov 12, 2012
I've taken interest in your thread TLC. I can see I have so much to learn.
Backing Trades Thru Charts
- Winston Reed replied Nov 1, 2012
Need price action at s/d levels — Hey Hans Solo. Supply and demand levels are powerful but like anything else we need to see price action at those levels. Looking at your charts there was not any price action to go short.
Sam Seiden's Supply/Demand zones