Correct, hence the "almost"

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Almost done

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Thats what I'm seeing. Retracement should be complete by tonight with 1.509 of this sub wave insight.

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It bounced right of the 38.2....I will be waiting for a bullish signal. From the looks of it, a morning star is in the works.

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If this candle bounces of the 38.2 I will be going long. If it goes past it, I will be looking at a short.

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We will see what this candle on the m4 does

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If the technicals are correct, we should see 1.0265. I have closed my long. I will be waiting for a evening star or bearish engulfing candle before going short.

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To be honest, i'm not sure...I'm sure it's proprietary to the charting software I'm using. I can PM you with the name of the software if you want.

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You NEVER want to stop putting on stop loss orders. You will blow your account that way. A good thing to do is if you are selling, place it 10 pips above the most recent high, if you are buying, place it 20 pips below the most recent low.

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There is a significant drop coming

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If there is no retracement, we will see rapid movement to the D extension of this current rally

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I was thinking the same...I will wait for the close of the current h4 candle to form a evening star first though.

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I don't see it either

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There's really nothing to it....make sure to have a protective stop loss, and lock in any profit you have before going to bed!

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I am not a bull or bear. I just simply trade the technicals.

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honestly, no I don't. But you have to be prepared for anything in this market!

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The question is now, how deep will the retracement go...we are getting ready for a u-turn at anytime now, it may be tonight with the data coming out. Who knows. I do know that every move up or down on my chart indicator is around 100 pips. That ...

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Morning all! How's your day so far!?

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If it can't break the backside, we are headed south. If it breaks and then retests the front side with success we are headed north

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The trend line off the chart I posted last night

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