Well i have decided to stop posting work here on elite. For it as grown boring and i am done reading posts here. There are some good traders here. However there is so much bashing and nononsense i don't think this is the place to post. fortunately i haven't been bashed. "ELITE TRADER" is no longer elite. I will open my own site and post work there. So long and good luck to the traders here.
Well selecto I am not too sure where I will post next. Perhpas make my own site with invite only. I really would like to design a site that is a learning tool for traders to learn "Specific" patterns and some technical indicators. There the people can ask questions and get answers without bashing. However I am the only person i know that would put together a site like this. Regardless here is the completion of the QQQQ with a profit target if you have a positions. the profit target is usually a 0.618 retracement. It is obviously the trades decision to hold longer because some cases it actually rockets off. Anyway notice how 0.618 retrace is roughly the the same price as point B, "B" can also be used as a profit target if you or the trader has reason to believe 0.618 will not be reached.
Been just about a year since i last posted and it seems other boards are not as active as this one. GL too everyone trading here is a before and after call on EUR/GBP... I believe next week we are down at least 70 pips....