I find that if the count hits 10, 12, 11 it will generally reverse. Especially if there's alot of Zeros in between such as 10,12,0,11,10

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Glad you found it! I'd been playing with it for about 2 weeks! Well done sir! You developed any new strategies on it?

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To continue this line of thought.... how tall would these critical levels have to be? Or in other words, what is the moving room either side of the level? Can it only be done on news days? eg. Shorting just under 3100 was something I saw 2 FF ...

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Exactly. My thinking around this is putting in place the mental and mechanical triggers against the reversal strategies. For instance, I was long but not long biased.... so my timeframe perspective was still Bearish on the Monthly and 4H but I was ...

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Historically there have been 6-7 consecutive months of bull candles. There hasn't been a 7 month consecutive bear, but given where we are on the Monthly tf, it's a possibility I'm beginning to entertain.

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Here's general questions to you: How did you come to the conclusion it was going up? Given what happened to the market, what processes would you change in your analysis?

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Lunch!

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Typo or pending?

EURUSD

Out. Looking for any kind of retrace to 3076/3077.... but I'm getting lunch and staying away from news. I'll put it on alert. In my opinion, sub 1.3000 is where she's going.

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Moved stops to +8, not being greedy. I may just remove the trades before news. Nothing like a whiplash spike to wipe out profits.

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That's exactly it. It's not the wrong or right of a call... it's how to protect capital and jump on that moving train.

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Mate that's awesome! Congrats! 1.3000 here we come!

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Glad I stayed out. Short from 3050

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My 8am candle closed at 1.3128 Edit: Why don't you verify if the 11am candle closed at the same price as your 4H? Equally, what was the 15M close from 11:45am?

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I'd keep waiting, mate. Chop zone whilst we wait for the big one. Losing 5 pips won't be worth it.

EURUSD

Wow... volatility back. Err... stopped out at BE.

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Hourly closes are proving their worth at the moment. The 4H closing below 3135 was indicative. I've shorted at 33. Edit: I'd like to see 3112 revisited before news.

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In the attachments of the thread I have uploaded a draft of my notes called "The ZigZag Bollinger Band Method 1.0". Simply put, if price Closes Outside Bollinger Band (COBB) then if it is above the band, the next COBB will be below the band, then ...

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K is not officially known

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Awesome entry. I have to agree with your analysis based on the 4H. image Sequence so far is Bottom to Bottom, with a failed crossover of the Bollinger Mid at the "X" Current Bottom shows the next sequence to be a Top after price crossed the ...

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