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RedCabbage replied Apr 17, 2009I make the level 11680 but I still wouldn't stand in front of this one. Just for you cliffy!
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RedCabbage replied Apr 17, 2009I use 78.6% instead of 76.4% and it seems to work out fine, this level is not so significant as 38.2 and 61.8 anyway so I don't think it matters that much. There is divided opinion on the net if you search.
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RedCabbage replied Apr 17, 2009GBPUSD — Nice spot. I'm crap at seeing these unless someone points them out. It has to help the chances of a run down to the 147/146 area.
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RedCabbage replied Apr 17, 2009USDJPY — One to look out for 10023 S+R 78Fib 000 4hr TF BB (bucket bottom) 100 will also offer some resistance so I'll have to watch PA as and when we get there.
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RedCabbage replied Apr 17, 2009Everyday there are loads of risky pips on the table but there's a price to pay if our strategy is too aggressive. I am very happy to bank safe pips and keep my hit rate higher overall.
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RedCabbage replied Apr 17, 2009Your place in the world is great, by the time I get up you guys have had your beady eyes on the market for hours. You and Siam are my early warning system!
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RedCabbage replied Apr 17, 2009It is always good to stop trading for the day when YOU decide not when the market decides for you. Psychologicaly (and financially) it is very important that we control our trading instead of our trading controlling us. The only big mover was USDCAD ...
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RedCabbage replied Apr 17, 2009That looks good as it is backed up by a daily TL which was supportive yesterday. 13072 in EurUsd was a level I had marked up for some time but hit before I woke up. A swiss bank is buying Eur right now so that should help.
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RedCabbage replied Apr 16, 2009I did post up BillyRays Twitter of 13127. In general that has been the principle of this thread but it has had a lack of support in recent months from experienced regulars.
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RedCabbage replied Apr 16, 2009USDCHF — Made +54 on the first half and +65 on the second as it made it to my #2 TP 11449. If only they were all this easy.
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RedCabbage replied Apr 16, 2009USDCHF — Now at one of three support levels where it could stall so best take some money off the table now. Would like to see 11449 or even 11423 at full extension in this channel.
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RedCabbage replied Apr 16, 2009Eurusd/usdchf — JPM on the wires again and look at the result! That's J P Morgan not Juan Pablo Montoya!
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RedCabbage replied Apr 16, 2009USDCHF — Watched PA closely as momentum was strong price reversed off a 4hr level in the middle of my range that I was largely ignoring. Correlated well with BRV's 13127 EURUSD which has turned out to be a better trade but I am +25 with a stop ...
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RedCabbage replied Apr 16, 2009Bad EUR news - there goes the break out of the triangle let's see if it can close lower.
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RedCabbage replied Apr 16, 2009EURUSD — BRV has twittered 13127 and 13090 which I agree with on both counts. It is in a triangle in the 1hr so if it doesn't break out south from here we should only see a very short rally up before we hit the levels posted.
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RedCabbage replied Apr 15, 2009I should further clarify that like most people on here I have my own particular way of trading s/r but it incorporates most of BRV's principles. I identify s/r levels in weekly, daily, 4hr and 1hr TFs. These are colour coded so that I can tell which ...
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RedCabbage replied Apr 15, 2009EURUSD — This had one had a lot of influential intraday factors that I posted in the EURUSD thread if you can be bothered to look it up but hopefully you get the idea.
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RedCabbage replied Apr 15, 2009Here is USDJPY the trades are the red and green arrows, the reason why I liked the levels are circled. I'll try and dig up a EURUSD chart from a few days ago when there were 3 trades in quick succession.
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RedCabbage replied Apr 15, 2009Oh ok, I misinterpreted your original post, I thought you were on this thread at the beginning and had come back with a new FF profile. Carry on!
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