I'm short both pound and euro pretty much from the top on both. Holding until I get confirmation the cycle is up.
On my blog I have a post that talks about creating a Gann Grid from the stock tools in MT4 on a 30 min. euro chart. The grid starts way back on a swing low on June 13. Up to this day two and a half months later, the grid is still relevant to price and time.
Attached below are two charts showing another method I use for trading cycles of time. About 5 years ago I noticed that trend lines I had on my charts were still relevant even after the move they defined was long gone. And when these lines intersected.. sometimes way in the future... price would react. So now I keep them up and use them for timing. The first chart shows some normal channel and converging type patterns. The second chart shows how price reacted when it ran into a division of time and then reversed hard on the intersection (magenta). I wasn't around to see it or I would've added to my short position.
On my blog I have a post that talks about creating a Gann Grid from the stock tools in MT4 on a 30 min. euro chart. The grid starts way back on a swing low on June 13. Up to this day two and a half months later, the grid is still relevant to price and time.
Attached below are two charts showing another method I use for trading cycles of time. About 5 years ago I noticed that trend lines I had on my charts were still relevant even after the move they defined was long gone. And when these lines intersected.. sometimes way in the future... price would react. So now I keep them up and use them for timing. The first chart shows some normal channel and converging type patterns. The second chart shows how price reacted when it ran into a division of time and then reversed hard on the intersection (magenta). I wasn't around to see it or I would've added to my short position.