I'm assuming enough from you that this is just a bit of playing devils advocate, but since when is drawing lines on a chart and saying, "see" everytime price hits it science?

Why 61.8%?

Gordon, is that you? The Mail is gonna have a field day with this!

UK Election Countdown.....

Which is very much part of union started by a Scottish monarch. And has been presided over, very badly, by a disproportionate number of Scots PM's. (Tony Blair and Gordon Brown among them). Yet it relies very heavily on English wealth to stay ...

UK Election Countdown.....

Hear, hear.

Why 61.8%?

Yes they are mathematically/ logically oriented.

Why 61.8%?

What, me? I haven't made any.

Why 61.8%?

Good point. Let me put you on the spot. If you were forced to take one of the two possible trades I posted which would it be? (Of course they might both be crap setups)

james16 Chart Thread

Want your kid to become one of the richest people in the world? Send them to Harvard. The Cambridge, Mass., school tops our first-ever billionaire college study with an alumni base that features 54 10-figure titans, more than 5% of the world's ...

Why 61.8%?

For the record, and about the gajillionth time, I have never siad they're not useful. The simple fact is they have no underlying mathematical meaning in the market.

Why 61.8%?

True, the weekly looks more like a breakout opportunity. In other words, I have no idea!

james16 Chart Thread

I'd also like to add that I find peoples emotional attachment to technical inicators alarming. Some folks act like you've just spat on their kid when you point out some simple truths about some simple numbers.

Why 61.8%?

Possible Yen short. — I see a posibility brewing to sell the USD/YEN. What do you guys think of this setup?

james16 Chart Thread

Well thats what you've been doing all along isn't it? I'd rather go with Craig, Smikester and aediaz1, than the guy who posts nothing but "LOL" posts.

Why 61.8%?

Illz dos it for like 25d perr errorz, innit.

The Life and Journey of a trader

Jesus H Christ. That just throws another statistical spanner into the works. Please think about what you're posting. Throw enough shit and something is bound to stick. Get it?

Why 61.8%?

Thats one of the many reasons my avatar is a Union Jack, unfortunately I don't see any party representing those brave perished souls. Pople died in the womens suffrage movement for equality and the right to vote, yet pretty much every mainstream ...

UK Election Countdown.....

I don't buy that. It's a cop out. However if price is in the upper 30 ish percent of yesterdays range that sounds bullish to me. Dont think anyone is going to argue that. Thats where there is value in measuring percentages of a range.

Why 61.8%?

I think a test of the upper part of the range is on the cards for GBP next week. The 4HR is forming a nice long lower shadow in the upper part of the current 4Hr swing. Any thoughts? LOL it just plumeted 40 pipis as it was posting.

james16 Chart Thread

Sounds fully lucid and sensible to me.

Toss a coin?

I think Gordon Brown may have put Labour out of the race with his untimely insult of a staunch Labour voter. The Mail or was it the Express (one of those two anyway) was awash with letters of condemnation. Thats got to be a couple of seats worth of ...

UK Election Countdown.....