Someone asked if I could post the Kiwi chart from the webinar. You can listen to our discussion on the recording but basically, we were looking at a potential retracement into the bigger 50back long set-up. Again, please keep in mind this is a weekly time-frame:
As agreed > Please also note a nice confluence area shaded in light blue and I have added some interesting support and resistance levels you might what to keep on your chart too for today, lining up with the fibs:
“You are the embodiment of the information you choose to accept and act upon. To change your circumstances you need to change your thinking and subsequent actions.”
– Adlin Sinclair
Thank you for attending > here is the recording > LINK.
Again on Sunday 13:00 NY time.
> Review of recent price action and a look at what we can expect to see..
> The purpose of these sessions is to show participants how we can have a clear understanding of market dynamics and trade set-ups by simply using: support/resistance, fibs and channels.
> I will not be making trade calls or recommendations, the sessions should be seen as an informal discussion between experienced and novice traders.
Just click on this link to join on Sunday > Enter 50′s Room.
See you there!
Will be in and out for a short day today > if you are following Cable, you might want to keep an eye on these levels:
“The typical trader will do most anything to avoid creating definition and rules because he does not want to take responsibility for the results of his trading. If he knows exactly what he is going to do and under what conditions, then he would have something by which to measure his performance, thus making himself accountable to himself. This is exactly what most traders don’t want to do, preferring instead to keep their relationship with the market somewhat mysterious. This creates a real psychological paradox for traders, because the only way to learn how to trade effectively is to make oneself accountable by creating structure: but, with accountability comes responsibility.”
– Mark Douglas
Completion of the move we highlited at NY open > very nice…
