I don't know but I think he buys and sells when those pivot are passed

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That is my question. Where do I get this years and years of experience if no one can answer in plain language.

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What is a trend line break? which trend? at what time frame? and so on. Which ones bounce?

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Exactly, just a line in the sand. It tells you nothing more than price has or has not crossed a particular point. This is like reading the first page of a book and predicting the ending. Not enough information. It is only a line, nothing more and ...

Cable Update (GBPUSD)

So now we have come full circle. A trend line is a line drawn in the sand.

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So now you are saying that 95% of the so called Wall Street Journal readers get it wrong and only 5% get it right. This suggests to me that the 5% are doing something entirely different and probably don't read this Journal or any other bible of ...

Cable Update (GBPUSD)

Think about what you are saying. If this were the case then every man and his dog would be making a ton of money and clearly they do not.

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This has nothing whatsoever to do with technical analysis, it is simply drawing a line in the sand where you are going to take action one way or the other.

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This is so funny, lessons on drawing straight lines.

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This is a pointless argument because it depends entirely on the trader. Some setup a trade and toddle off to work checking the results on their return. Others may just check in every couple of hours. Then there are the traders who sit and watch ...

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Not a pause exactly because this never happens. However on the higher time frames we now have to wait for a setup to form. The 700 pips you speak of was a text book flag & pole taking 8 days or 192 hours to form and execute. This move was pip ...

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Yes

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None of these are Fib numbers that is why I dumped the Fib scale

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I chucked out the Fib years ago in favor of the much more accurate Quartile. You can clearly see here how price steps through each Quartile. Same chart as yours.

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Not related to this thread but keep an eye on the AUD/JPY.... good spread, cheap lots and moving well

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We can see here from my multiple charts the yen was a loser this morning... The ones with the black dot. The boxes are all 50 pips high

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Stopped out for 50 that equates to 125% profit

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Moved my stop again to lock in 50

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Yes I am still long on the GJ just moved my stop to lock in 40 pips, looking for another 40

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So you got your money back... Well done that man

Cable Update (GBPUSD)