Since the highs of 1.6821 Cable has been wondering around like
a drunk, three days after New Years Eve. Of course, corrective overlapping
price action usually means that eventually the trend on a larger degree will resume.
On the other hand non trending markets do offer lots of pattern trade opportunities.
So, it does not help when the harmonics offer more than one entry. A Gartely, an
A = C and an ab=cd, granted, within 30 pips of each other, but, I'm Picky !!!
Especially Cable
which seems to always like to test/retest recent highs/lows. That means any short one
takes should have smart stops above 1.6821. Thus, if the candles offer insight, I'll take
the highest possible entry for the lowest risk. Not a trade I'm eager to take.
(which as a contrarian increases the odds of a profitable trade)
a drunk, three days after New Years Eve. Of course, corrective overlapping
price action usually means that eventually the trend on a larger degree will resume.
On the other hand non trending markets do offer lots of pattern trade opportunities.
So, it does not help when the harmonics offer more than one entry. A Gartely, an
A = C and an ab=cd, granted, within 30 pips of each other, but, I'm Picky !!!
Especially Cable
which seems to always like to test/retest recent highs/lows. That means any short one
takes should have smart stops above 1.6821. Thus, if the candles offer insight, I'll take
the highest possible entry for the lowest risk. Not a trade I'm eager to take.
(which as a contrarian increases the odds of a profitable trade)