Live Trade Chat Room | BonTrade.org Forum

Ok, I will refrain from a long diatribe rant on the Fed Res and just post the chart, maybe more later.

Depends on the pair traded as well, coming from trading the GBP/JPY crude seems normal, where EUR/USD seems slow and less volatile certainly so ES may be a better fit for a Euro trader.
The personality of the Guppy seems to mimic the Crude which may explain why the adaptation was easy in my case ...

Nice Divergence in London ahead of that data spike to retest, and a full 4 MM line run- thats the good stuff!

Weds trades update, tgts met.

Revisiting the Euro with the ECB rate exp an increase tomorrow to catch an open wave down ahead of the release. Sold the pullback at 50% 4313 in the time zone, first tgt 161% 4298 met en route to 2nd tgt 261% 4286.
GBP Short entry missed, falling short of the 50/61% mark.

Who knows but wouldnt it be outrageous if we saw a 'C' leg further down <1,200 as the Fed hints at raising rate, boosting the dollar and shrinking Gold. Gosh darn that would sting a bit for all the Bull late comers over the 1,200$ figure. NAHHHH $2,000 here we come, just a temporary correction ...

Thanks Monkey, we all have our own Grail- thats the secret. A question to ponder may be 'is it in trading?'

Sure, I take the first wave in asia, draw the fib and take a pullback entry at the 50/38% line using the 161 and 261 extensions as targets. Some prefer to wait till the pullback is in then enter on the break that follows.

Attach chart offers possible Fib. retracement and expansion levels resistance to higher price incident to Wave a high. Wave c/a high traces a RND. No fractal has yet formed at this high.
Wave a also traces as do all waves a three wave pattern . . RSI highest value at likely Wave c/a high.