dojitrader
Short

Lazy, Maybe It Will Get There Cypher . . .

FX:GBPUSD   British Pound / U.S. Dollar
63 2 0
I'm not a big fan of patterns that Flat Line as Cable has, BUT, it is still
a valid pattern if it gets there - I guess - AND, if you think that 1.6602 is the
top for now ~~~ seasonally Cable is weak during Jan. ~~~ this might be
a reasonable entry. The stops are toooo big for me so, I'm thinking, as always
the candle's will help light my way. Perhaps even an entry closer to the .886 fib.
Anyone care to share their experiences with patterns that flat line before
they hit the target ? Did it reduce the probabilities of success ?
Thanks for your thoughts !!!!
Thanks for the chart ~ I can always count on you to raise my learning curve ~
That's A GOOD THING !!!
Been meaning to study the 5-0 for some time BUT, seems like too many other patterns
to trade first.
Good profits to you and your . . .
Reply
I think the market is doing a 5-0 pattern. I'll sell the 50 back in both euro and cable

good luck
Reply
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