Tuesday, May 31, 2011

#GBPUSD and Precision (#diamond/#H&S)

I was once told by, who I personally consider one of the most amazing traders around, that the market is very precise. While I was beginning my journey, I had reason to doubt that. However, things like cables H&S formation observed on the daily and 240 min charts gives me sufficient reason to think other wise.

The market is indeed precise.

Observe how I was able to project the top of this right shoulder/diamond seen on cables daily charts.

Precise entry with a very tight stop loss.

Thank you very much Mr. Igor Toshchakov (L.A. Igrok) for your teachings and insights.

;-)




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