tntsunrise
Short

GBPAUD 2618 AND BAT SET UP

FX:GBPAUD   British Pound / Australian Dollar
77 5 12
DOUBLE TOP AND 0.618 RETRACEMENT

FIRST TARGET 1.180141
2ND TARGET 1.7866
WHERE THE BAT COMPLETE
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I don't see a 2618 trade here based on Jason's rules. I thought the DB for the 2-618 had to have the right side come to at least the close of the left side. It could be a structure based short based on the LL LH, I at least don't see a 2-618 trade here.
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tntsunrise ikunisawa
HIS RULE SAYING THE 2ND TOP CAN NOT VIOLATE THE FIRST TOP.
Reply
ikunisawa tntsunrise
Thanks for the reply.Good to see others following Jason. Maybe just review minutes 23-28 in the 2618 video once more. To make it a valid DB/DT, 2nd HIGH must come to 1st CLOSE. It becomes invalid, IF 2nd CLOSE is above 1st HIGH.
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What is 2618? Please elaborate.
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tntsunrise Sandeep_Gupta
http://www.tradeempowered.com/2618-replay/
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