Hi! This will be my journey with a new method that I have developed based on older ones. The difference between them is that it has DD levels and it’s more accurate.
So GBPUSD ended the week at 1.25600. Target for next week is last week’s low. Something about my new method is that it works for more than 50 years. For the longer term, main target is 1.23. Friday should be the high for next week.
I'm not in this position but there is some decent upward momentum in this right now. I'm expecting 1.29 before 1.23.
https://www.youtube.com/live/TwcbfjYqZXQ?feature=share FX trading highway? Are you 'Solo E TV Trading'? Is this the DD Level? ____________________________ The DD level EXCP count includes: I/O for system services, for example: Joblib/steplib processing Jobcat/stepcat processing Overlay supervisor processing Checkpoint data set processing.
Ken A is the best forex swing trader I've come across. Trades a 7 figure account. He likes to pick tops/bottoms on HTF charts & hold for 100s/1,000+ pips. It might take him a few trades risking 20-40 pips before getting the entry that lasts weeks/months. He'll regularly take shorter-term trades counter to his swing trade rather than close & re-enter the swing trade. https://www.forexfactory.com/ken*a
I assume that by last week's low, TVIS means 1.2385 or thereabouts. My charts suggest this COULD happen, but personally, I wouldn't count on it. I WILL be looking for this pair to pull back some, but only so I can enter a long position (given that it has been climbing ever since March 9th). While it HAS lost some momentum, I don't see it as having turned bearish yet. So for me, 1.2300 would be a bit of a stretch. I'd be more inclined to look to pocket some profit from a long position (if I time it right) somewhere in the 1.2657 neighborhood.