If there is a retrace of more than 61.8, most would consider the trend over, so a long trade dangerous. So I am a little suprised that you would still look for an extention once this 61.8 retrace value has been breached. Perhaps I don't quite ...

Fibonacci Extentions For Profit Taking Targets In FX

When you write: A to B with B @ .382 Not sure what you mean B @.382 of what ? My understanding is that if the initial move long is starting @ A and finishing @B (AB) price retraces to C (BC). When price gets back to B that is 100% retracement and ...

Fibonacci Extentions For Profit Taking Targets In FX

Assuming that '...what I do....' means trade FX, there is a difference: If you are trading, FX or any other product, you have a knowledge of what happened in the past (what happened at previous price levels). This can provide you with an edge (more ...

Is Forex really gambling

Check if the trend exists in higher time frames than the one which is your trigger. If you are taking entries on a 1 min chart, check the 5 min, 30 min and 1 hour. You should be able to see if a trend exists, on any time frame visually and also by ...

Strength of the Trend ?

1.9217 Apr 20th 05 High 1.9080 May 5th 05 High 1.9071 R2 1.9025 May 17th High (1 Year) 1.9010 R1 1.8984 May 17th Intraday High 1.8963 May 18th High 1.8956 Asian High 1.8926 Intra Asian High 1.8920 Session High 1.8890/95 Sup Becomes Res 1.8871 ...

GBPUSD

1.9217 Apr 20th 05 High 1.9080 May 5th 05 High 1.9062 R2 1.9025 May 17th High (1 Year) 1.8984 May 17th Intraday High 1.8942 R1 1.8938 Session High 1.8933/37 May 17th Intraday Highs 1.8928 Recent Lower Peak (Spike) 1.8888 Res Becomes Sup (Previous H ...

GBPUSD

1.9217 Apr 20th 05 High 1.9190 MNI Daily Bol Top 1.9083 R3 1.9080 May 5th 05 High 1.9025 Session Spike High (12 Month High) 1.8984 Recent Spike High 1.8939 Fib Res (1.9025 / 1.8799) 61.8 1.8937 Recent High 1.8933 Recent High 1.8912 Fib Res (1.9025 / ...

GBPUSD

1.9217 Apr 20th 05 High 1.9190 MNI Daily Bol Top 1.9083 R3 1.9080 May 5th 05 High 1.9025 Session Spike High (12 Month High) 1.8984 Recent Spike High 1.8976 Fib Res (1.9025 / 1.8897) 61.8 1.8961 Fib Res (1.9025 / 1.8897) 50.0 1.8946 Fib Res (1.9025 / ...

GBPUSD

13.13 gmt — 1.9217 Apr 20th 05 High 1.9190 MNI Daily Bol Top 1.9083 R3 1.9080 May 5th 05 High 1.9025 Session Spike High (12 Month High) 1.8984 Recent Spike High 1.8945 Recent Low 1.8928/29 Recent Lows x 2 1.8925/28 Res Becomes Sup 1.8918 Fib ...

GBPUSD

That sounds even more dangerous than the possibility of broker down time. Why not just open an account with a broker were orders are kept broker side ? I never really thought that brokers would operate like that, going to call my brokers now and ...

Possible alternative to non-server based trailing stops

1.9217 Apr 20th 05 High 1.9190 MNI Daily Bol Top 1.9083 R3 1.9080 May 5th 05 High 1.9002 Session Spike High (12 Month High) 1.8997 May 12th High 1.8964 Retrace Low 1.8962 Fib Sup (1.8896 / 1.9002) 38.2 1.8949 Fib Sup (1.8896 / 1.9002) 50.0 1.8945 ...

GBPUSD

1.8949 Fib Sup (1.8896 / 1.9002) 50.0 1.8945 Fib Sup (1.8852 / 1.9002) 38.2 1.8944 Spike Low After B Of E Announce 1.8940 Retrace Low 1.8936 Fib Sup (1.8896 / 1.9002) 61.8 Good for a, with trend, long, if there is a retrace ? Long 50, stop 35 ? ...

GBPUSD

9.06 gmt — 1.9217 Apr 20th 05 High 1.9190 MNI Daily Bol Top 1.9083 R3 1.9080 May 5th 05 High 1.9002 Session Spike High (12 Month High) 1.8997 May 12th High 1.8972 Retrace Low 1.8972 Res Becomes Sup 1.8962 Fib Sup (1.8896 / 1.9002) 38.2 1.8949 ...

GBPUSD

8.45 Gmt — 1.9217 Apr 20th 05 High 1.9190 MNI Daily Bol Top 1.9083 R3 1.9080 May 5th 05 High 1.8997 May 12th High (12 Month High) 1.8993/95 May 15th Highs x 2 1.8988 R2 1.8982 Session Highs x 2 1.8944 Spike Low After B Of E Announce 1.8940 ...

GBPUSD

Just calculated fibs to 1.8970, new high now 1.8972. Will recalculate after the Bank Of England in 15 mins !

GBPUSD

1.9217 Apr 20th 05 High 1.9190 MNI Daily Bol Top 1.9083 R3 1.9080 May 5th 05 High 1.8997 May 12th High (12 Month High) 1.8995 May 15th High 1.8993 May 15th Lower High 1.8988 R2 1.8970 Session High 1.8940 Retrace Low 1.8925/28 Res Becomes Sup 1.8925 ...

GBPUSD

1.9217 Apr 20th 05 High 1.9083 R3 1.9080 May 5th 05 High 1.8997 May 12th High (12 Month High) 1.8995 May 15th High 1.8993 May 15th Lower High 1.8988 R2 1.8970 Session High 1.8940 Retrace Low 1.8925/28 Res Becomes Sup 1.8925 Fib Sup (1.8852 / 1.8970) ...

GBPUSD