For those of you that find the 10EMA/20EMA system useful, I am including a fantastic indicator that shows the 10EMA position relative to the 20EMA in all time frames in real time (Top left on the attached chart). You can use it for multiple ...

New Cable Thread & Other Pairs

You should patent it. I would buy it...

New Cable Thread & Other Pairs

What indicator do you use to come up with those golden, beautiful butterflies?

New Cable Thread & Other Pairs

Aha... the FX Bible again...

New Cable Thread & Other Pairs

I never countertrend but this time it was pretty clear that the bounce would be fast and there would be a quick stop placed at BE so not much risk. What is your TP ?

New Cable Thread & Other Pairs

Stop moved to BE +1

New Cable Thread & Other Pairs

I am long at 2361 to 2389 TP. I am going against my rules on this one, but it is hard to pass up. Every once in a while I take a clear countertrend trade.

New Cable Thread & Other Pairs

I would be very surprised... We should bounce now to 2390 but I don´t think we are done with the down swing. I see 2331 after the bounce.

Gold

I want to join. Thanks.

New Cable Thread & Other Pairs

It looked bad then, it looks worse now...

New Cable Thread & Other Pairs

Gold is getting squeezed by the 10 EMA against the weekly S61 but so far no bounce. If it continues it may break down. How do you see it, Pedro?

New Cable Thread & Other Pairs

No, I don´t have the pleasure.

New Cable Thread & Other Pairs

Thanks. Wise counsel as always.

New Cable Thread & Other Pairs

Pedro, the Fib expansions on Gold are shown in the chart. The first one is the Red box that marks 100% at 2331. The second one is the Red box that marks 161.8 % at 2270. Which one do you think is more likely to happen? I have several shorts open and ...

New Cable Thread & Other Pairs

Well Gold almost made the 50 Fib, but yes, that 61.8 at 2445 looks good. Almost too perfect... I am an FX Bible believer too.

New Cable Thread & Other Pairs

OK. It is working on a H4 shooting star, but still almost 2 hours to go. We´ll see.

New Cable Thread & Other Pairs

We have the most important of all, a weekly shooting star coupled with a double divergence on TDI. The second chart is from a similar weekly shooting start back in January.

New Cable Thread & Other Pairs

I have it going to the weekly pivot (2426) at most before falling to the 2350/60 area.

Gold

Yes, I did notice that, but Gold retraces most often to the 38.2 Fib level in my experience, which in this case would be 2422.

Gold

Could you please explain why you think it will go that high? Thanks. I have it going to the weekly pivot (2426) at most before falling to the 2350/60 area. Maybe I am wrong.

Gold