I don't understand wave theory. Your contribution is highly appreciated. Don't worry about the fighting, we dont want to start WW III over G/U chart won't we
Thanks. I don't understand wave theory either. Let's hope not here, not now. Real wars have been fought over a lot less, and trading wars...lolol...let's just say traders enjoy a good fight from time to time.
yup, but not sure what the trade is now. Stochastics give an over-bought level, but looking at this chart, in the past, the Stochastics were over-bought for a long time, while cable rose another 400pips. Maybe the odds are not in favor of the longs, and the best long plays are short term on the dips.
I like your approach. Very practical. If you get 10 pips a day at 50x leverage, you can double your account every 5 weeks!
Thanks, but it's not my approach. I'm working on learning it, though. That sounds fantastic. How does the math work? Know how to make 10 pips a day?
Yes. It's a normal weekend price gap. In general, the Auckland, NZ Monday open is different from the New York Friday close.