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So are we starting major wave 3 down on AU now??
Most of that stuff I don't really understand..Or don't know how it will affect the different pairs..
Very nice..One of the few times I actually set a take profit on AU and it goes ballistic..I usually just watch and manually close..
There's the 78.6 retrace that Pennies mentioned..On AU..
Don't feel bad I closed at 1.0062 for about 25 pips
I just looked on you tube..I think there are a few pages if you do a yahoo search also..
Ideal goodman waves are based off 50% retraces..But can go over or under but pips will still be close to equal..Really pretty neat if you watch some of the videos out there..
I shorted as well..That should have completed that goodman wave for now..
I remember you saying that about the first retrace now..
Waiting on the 1.01 area..That should complete a goodman matrix..
Pennies would the 1.0085 area be a possible short for a major wave 5..That's the 38.2 of what could be the end of major wave 3..
Simple what do you use the ema 8 for..
Pennies been looking at some of Deans videos..What is the difference between the ADR pro and the ADR that you use on the beast scalp template..
simple....is your deviation channel a mt4 indicator??
Pennies what do you think AU is going to do today
That was a very interesting video..I like the 1,2,3 method he talks about..
I have watched a few of his videos and are very interesting..Just noticed the prices on there tonight..For some reason they just popped out at me..Will take a look at it tomorrow..Thanks
Pennies on your fib levels I noticed it shows the price right beside it..How do you have it set to do that??
Guess I shouldn't have shorted this morning then..
Hopefully this last push will wrap up the current matrix..
Didn't even look at the daily for the 50 fib on that one..
On this last move up on the 4H we didn't quite retrace to the 50..Do you see it going to the 1.02 area where the matrix should take it??We have the 4H ema233 as support now and the daily tunnel and ema 233 at about the 1.024 area as resistance..
Pennies do you still watch the goodman stuff
Gotcha..goodnight..
One more question for tonight..Since we made it to the 15m ema 21, after the retrace would our next target be the 30m ema21
I'll join you..He's actually not to far from me..
Pennies I have to say you are amazing with this stuff..You and simple need to have classes..lol
So this could be where the 1m pincher is turning bearish to retest the trend line that it just broke and then a nice little pop..
On the 15m you said there was a fat leg..Are you looking longer term for a 50% bounce on that leg and then a drop to around the 50 fib on the last larger move up.. Ultimately putting us around .9780 or so..And then a large bounce back up..
gotcha..Kind of liking the shorter tf a little better.
If the 1m pincher crosses up before hitting the hourly quad, is it safe to go long then
I was just wondering..
This may be a dumb question but the little bars on the macd are they for volume or something else??
Man there's a lot to look for..Would be so much better if it would just go up and down in a regular pattern..lol..
OK Pennies since your still up..The 15M is still bullish..The 1M is trying to turn..Under normal conditions without news around the corner would this be a long coming up or does the 5M have to be bullish also??
Gotcha..will add it to the chart and watch for awhile..
Which TF are you using for the trend..
Since the 5m is trying to turn down on macd and 1m already has can we take a short whenever the 5m has officially crossed..