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JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'll start it for this week.
MA
MarcinO
Rep: 67
Posts: 5,506
Right off 1.5450.
I've closed the trade, but haven't opened any position off the ABCD, as I'm not expecting any significant move until European open.

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RO
roofer
Rep: 3,689
Posts: 3,574
a concept i have picked up from the elliot traders the last few years is that when a 5 wave diagonal completes,with 4 overlapping 1, wave 1 mustbe> 3 and 3>5.... in the case of this chart of the QQQ, you can see that relationship and most important that if 5 went another 12 cents the diagonal for context evapoarates.... then it is simply a matter of using the tools of this forum to find an entry... in this case abcd tocomplete test and retest at lines from both smaller and larger set.
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RA
rat89
Rep: 0
Posts: 7,015
Awesome work guys
MA
MarcinO
Rep: 67
Posts: 5,506
The cable dropped even more overnight, so continuation after a small abcd is possible, I guess.

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MA
MarcinO
Rep: 67
Posts: 5,506
Any reaction in eurusd?

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MA
MarcinO
Rep: 67
Posts: 5,506
The next area for the cable is 1.5417.

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MA
MarcinO
Rep: 67
Posts: 5,506
Quite a reaction



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RO
roofer
Rep: 3,689
Posts: 3,574
took some off in pre market at geometry given by the tools of this forum
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RO
roofer
Rep: 3,689
Posts: 3,574
two key charts reaching key levels given by longer term charts....
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MA
MarcinO
Rep: 67
Posts: 5,506
AB=CD?

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RA
rat89
Rep: 0
Posts: 7,015
fascinating.....