Best Thread Potential setups

[rollsafe]

GBP/USD Mar09

Now in this one:

GBP/USD Mar09

bounce off the descending support line + inside bar breakout.

GBP/USD Mar09
Your Target at 1.3840 area is now hit !
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[KillPhil08]

rollsafe, typo?

1.3840?

 

[Joey25]

GBP/USD Mar09
Your Target at 1.3840 area is now hit !
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.
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Thankyou rollsafe. I exit at 8pm - look under my name in the blog for today's trade :cheesy:

P.S. hope you made some cash from #2753

 

[N Rothschild]

long equities!

 

[trader_dante]

I can't believe this sucker rally...

 

[N Rothschild]

im not so sure mate..

 

[trader_dante]

It's gone too far, too fast. I think we've just seen the high of the day!

 

[N Rothschild]

you may be right not liking this volume

 

[trader_dante]

Back to 8050..?

lol

I should really be on the Dow thread...I'll stop posting now...

 

[N Rothschild]

tbh my heads up my **** im hung over and this volume is anoying me!

 

[trader_dante]

tbh my heads up my **** im hung over and this volume is anoying me!

I wonder where this is going to go...

 

[N Rothschild]

that better not be a pin bar!!

 

[Joey25]

Narrow-based indices take their cues from their broad-based parents.

Doesn't look like a sucker's rally in the S&P to me, although rapidly approaching a test.

 

[N Rothschild]

how much wood could a wood chop chop if a wood chop could chop wood

 

[KillPhil08]

Thought this could be an example of support becoming resistance mixed with 50% fibline. I will take it on if it reaches...However likely that is....

 

[Joey25]

Thought this could be an example of support becoming resistance mixed with 50% fibline. I will take it on if it reaches...However likely that is....

Have you tried measuring the distance from the lowest low to the trendline and then adding that distance to the breakout point?

It seems to be a good price-projection method and may tie in with your other setup.

 

[KillPhil08]

Have you tried measuring the distance from the lowest low to the trendline and then adding that distance to the breakout point?

It seems to be a good price-projection method and may tie in with your other setup.

Like this?

 

[KillPhil08]

Yeah the first measurement is inline. I just did that so you could see it. EURO!

 

[Joey25]

Like this?

Here's a Dow example:

Strictly speaking you draw the line from the close of the candle which makes the lowest low to be more conservative (point 1).

I then scroll across and find a "horizontal" level, so that it makes more sense (so that the price projection isn't "hanging in thin air").

 

[KillPhil08]

Cheer's I'll use this to set targets from now on .