For those of you who followed my indices observation of last week you should be sat on good open profits by now.
CAUTION: I still think we have seen an intermediate top of several weeks duration, however, price missed the upper TL
1416 target/ 1413 actual S&P500 (sue me). I know this appears close enough but this can often signal a fast reversal to the original target of 1416. Its the old "sucker punch" to stop out early longs. If short, stay short but be alert for this.
Noticed this ABCD & 1-2-1 bullish (although box text says bearish!) a bit late. It hit a trend line coming from way back from swing low on 15th Dec 2011. The line AA passes through a BP in the down leg from line BB (which comes from the same 15th Dec low).
When price gets to the centre line, I'll keep an eye on it in case it looks like reversing off it.
PS Entry point candle is hidden by green box.
is been a busy month, i have found my trading has hit a new level and now im just trading one market for 2 hours a day. Ive traded fx for more than 10 years now, and not until recently has it been so successful. I want to share with you guys what i am doing as i know you could be very interested. I only trade the ftse. yeah, you may think there isnt much movement to make a profit but ive been picking off 20-30 points with relative ease. Ive discovered a trade which has a 100% success rate. well, that is over the last 10+ years. yeah, its actually true. we had one today where we had a move of 30 pips. Guaranteed. when you know it is guaranteed and you have traded a few of them already then you feel a bit invincible, a feeling which i always shied away from in the past. I do have a vested interest in this. but what i could do is post here before the trade occurs what it is and what we can expect. but usually it will only be a small window of time between 1 and 10minutes. But hopefullly my post will be timestamped so you can see it is genuine. Some of you know me so you hopefully will know i'm not about bullS**ting you.
if anyone is interested i would be happy to give you details. PM me.
in the meantime i hope the harmonics is working out for you. I was always a boring trader, keeping RvR respected etc. The parsons knowledge is remarkable and proved profitable too, but this thing truly is very very interesting and wont cost you an arm and a leg. IF you want a look at this market. this is a good data feed. UK 100 Rolling Daily (51158)
Hi foxy: could you post any historical chart presenting the pattern/situation you trade with 100% success rate?
Foxy this "situation" it can only be applied to FTSE?
Im always interested.