getting late I would wait, but thats me. Good Luck Sir.

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I am done for the day.Close my short at 339 for 20 pips. I will not say how my day went but lets say it was very good for a BS day. No losing trades. Had 4 trades. See everyone tomorrow.

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I agree I am getting reading to close my short and call it a day. I like to see 320. But things to do and it is to shakey

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true but itis in a consilidation draw a new channel from the high on 1/4 and and 1/5 and the 1 hour candle broke that but closed below it. A short term channel

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I think it willcome down to 320 - 280 max. which would comfirm that the short may be over for a bit

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I have been short and long for the past 2 hours. But the next low will tell the sstory if this short move is over

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short — Now looks good for a possible short. It has hit its 61.8 retracement of the last wave

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I am not saying that it is wave 5 but it is very possible. I think we are in wave C of the wave 4 correction. Do I think it is going to go up to the 2's. No I do not. normally wave 5 is the distance of wave 1 and 2. Which in this case is about 65 ...

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it is called a truncated wave 5 . were wave 5 doen't exceed wave 3. It is very normal for the pound

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I beleive right now today their will be very little movement maybe up to 360 and down again. This will form a spinning top or a dragonfly doji on the daily chart. ending this down move. The starting of a correction wave on the hourly chart a A , B , ...

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thats not correct monarch wave 3 has to be the larger move, wave 4 can exceed the wave 2

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Hello folks, it is a truncated wave 5, which means wave 5 will not exceed wave 3. This very normal for the pound.

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later folks — Well I am outta here. See everyone later. Great Week also over 300 pips.

RSI Daily Pivot Point System

great week — Well folks I am outta here for now. It was a great week over 300pips. Lets all keep up the good work.

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Thanks kharvell for taking the time to post this. I will read this over the weekend and give u some imput and I am sure u will get other imput from other members also. Once again thanks

RSI Daily Pivot Point System

You have done a GREAT job we should kick some butt with this thread

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Great man thanks I will look at this later I am beat and need to get a few things done. Then hit the hay

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Circo, which time zone are u in. I will post my templates for u this weekend. But I will most likely have to explain them to u by IM or on here. As far as the short I would hold it till 2 mins before the market closers and see but if it goes to far ...

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I am thinking about it not 100 % sure yet. I was looking to go long not short. but then the market died

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Come on man it was dead as a door nail this thread has been nothing but business. Sorry if I ran my mouth to much. But I have been up since last night at 9:30pm est.

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