Dollar LONG stance but hold trigger till ...
- Thread starter deadbroke
- Start date
- Status
Quote from deadbroke:
EurUsd 60-min. chart showing my Stop level and the pre-need 88.3% Fib level.
4H chart ... different view, different message ... for me to live, the 5th subwave must fail shy of my Stop level.
-----------------------------------------
The before and after of the 4H move showing the failed 5th sub-wave. More thoughts on this in next post.
So far so good. No change to positions. All as-is.
1H bi-left shoulder so not so perfect H&S target = N-(H-N) = minimum target hit within 3-7 pips.
Awaiting further action to see if we get a full 5 waves down on 1H and/or 4H.
Then of course, Daily chart Nov 3rd and Oct 1st lows have to be taken out and that's when I don't look back no more.
Until these things occur I am as always totally clueless, one paycheck away from the Salvation Army.
1H bi-left shoulder so not so perfect H&S target = N-(H-N) = minimum target hit within 3-7 pips.
Awaiting further action to see if we get a full 5 waves down on 1H and/or 4H.
Then of course, Daily chart Nov 3rd and Oct 1st lows have to be taken out and that's when I don't look back no more.
Until these things occur I am as always totally clueless, one paycheck away from the Salvation Army.
There are so many rarities happening in my life that I don't know whether I'm coming or going.
First, a wave 2 (if it really is so = needs more time to confirm) blasting past 61.8%, 78.6%, 88.3% and then reversing just shy of or = 100% is like I said, rare, rare, rare.
Then on 4H a failed 5th sub-wave that fails to hit the top converging channel line is another infrequent occurrence. Normally for this type of action there should have been a throwover.
Reassuring though is the fact that thus far the pattern calls for a minm. move to the start of the diagonal triangle base and we got that in spades - ditto for H&S on 1H.
There's no meat on the Daily so I'm forced to throw darts at realtime which I don't know doodly about.
First, a wave 2 (if it really is so = needs more time to confirm) blasting past 61.8%, 78.6%, 88.3% and then reversing just shy of or = 100% is like I said, rare, rare, rare.
Then on 4H a failed 5th sub-wave that fails to hit the top converging channel line is another infrequent occurrence. Normally for this type of action there should have been a throwover.
Reassuring though is the fact that thus far the pattern calls for a minm. move to the start of the diagonal triangle base and we got that in spades - ditto for H&S on 1H.
There's no meat on the Daily so I'm forced to throw darts at realtime which I don't know doodly about.
- Status