There's plenty of that on here too. Historical charts are just as important for people to learn the processes.

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Bang on the money. All that lurking has done you proud NYJF. Are you trading with the system yet? You should be.

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wat wud...? image

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Just be aware everyone US Treasury Sec Geithner's stimulus package announcement is liable to have a profound effect on the markets. Don't step in front of a speeding train

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My s/r levels on this one were 17400-17483. I actually didn't get in this one but my entry point was 17483 less 15 pips for the spread and shortfall.

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I think by now you have all your answers - were you actually in these trades?

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Looks like some good moves in the Asian session today. I am keen to get trades in this morning as the Geithner testimony later has uncertain market consequences.

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well done for sticking to your plan - that's one of the most important factors

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I must have missed your post, it does look like a NBT. My charts tell me I was waiting for 11890 for a sell but instead it reversed at the 23.6 Fib just 10 pips lower. I was probably setting up my charts at that time so I missed the PA too. Did you ...

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1 hr chart 03 Feb to 06 Feb 78.6Fib is at 11475 which is also 1h support.. I don't usually use such a short TF but this pairs activity demands it.

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I'm looking at USDCHF 11475 since it is also Fib 78.6 of the last rally 03-06 Feb EURUSD 13100-13119

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I closed out my Cable short for 40. Looks like ther was a nice 100+ there.

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They are psychological levels, buyers and sellers gravitate towards them. All the s/r & PA methods on here rave about round numbers. Mark up the round numbers on your charts and see how price has reacted.

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Don't forget the round number and TL. ETA : and FIB

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There's a simple rule for exiting trades when using s/r.

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Thanks for the reminder, already on it - my alert from last week has just gone off.

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I prefer a bit more space around my trades.

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No Brainer Trades — Good Morning All I'm glad it's a slow news day we can catch our breath and watch some normal market behaviour for a change. Feeling a littlw bit groggy this morning so I'm adopting a slow and steady approach. Back to No ...

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Thanks Seattle very interesting as usual. I'm off now have a great weekend everyone!

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