GBPJPY update -> Harmonics Tube: GBPJPY bearish pattern update
I hope so lolI trust this and at the moment at least positive on the eurgbp. Since it is a "network" and everyting is correlated, why dont we just play one instrument, one type of HP on one TF and be successful for the rest of our life - if it is a success criteria of course
? Take your daily examle of the UsdChf of the other day, and place it next to the same daily chart of the EurUsd and see, that the conspiracy theory you mentioned exists
. However we are expecting a bear on the GbpUsd arnt we?
I dunno about eurusd at the moment..what do we expect there? But I think simple trendlines are less complicated, arnt they?
Correlations within the network are widely available on the net (a different net I mean..www..etc), as well as with indicators, if anybody interested but why to bother, just trade what we see? Isnt that right?
Definitely I like that you are drawing out scenarios..that is all what we have in this game.
Any comment?
Entered short on GBP/USD and GBP/NZD !!!
Regards
What I have learnt about this pattern take the 78.6 level. Of course do not believe to anyone, until you try.
One perfect cypher has just failed in this same pair, in this same correction, what are the chances this will work out if the "discoverers" claim 90% success rate?
Plus kor4x has an other confirmation pattern, which will increase the chances. You are right, still would be something to have an agreed upon view of entryTnx.
Just one thing - of course it is up to you, but I have got in the trap many times in my past - do not overtrade!
One thing at a time, since there is conspiaracy theory something like mentioned above:
Interactive Trading Setups Disscussion
All I am trying to do, is sharing my bitter experience from the past. If both are firing up together and you take both, they might likely turn against you at the same time as well. If you still take the same thing at the same time at least spread your lot into a smaller size between them.
I assume you know that, but wanted to make sure.
Even worse - now it is turning into a butterfy - close to fib 127, and possibly a bigger bat? What a dream BAMM boum was it! And just missed it
This thing works quicker than usual, and what I like about it, even if the pattern I am shooting for fails, I have already nicely covered my losses, especially in these cases.
Gartley might be a different story, but one must experience it.
Last edited by lobogabor; 08-21-2013 at 11:21 PM.