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RedCabbage replied Feb 3, 2009I'm glad it's not just me. I'm struggling to see anything to get excited about this morning.
No Brainer Trades
- RedCabbage replied Feb 2, 2009
Hi steelhead Where are your TP's on this one? I guessing you've scaled out a bit already.
steelhead trade journal
- RedCabbage replied Feb 2, 2009
Cable turn was disappointingly early. The other GBP pairs we already at support reducing the push to 50 Fib.
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- RedCabbage replied Feb 2, 2009
Significance can felp you. 14072 was backed up by a 38.2 fib which is largely redundant now. The double bottom on Tuesday hasn't been retested yet and is backed up by a 50 Fib of lasy weeks rally. That's not to say it will hold. As has been said on ...
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- RedCabbage replied Feb 2, 2009
The sell off could get down to the 50% Fib at 14030 1hr support double tap from Tues as well(14026)
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- RedCabbage replied Feb 2, 2009
I'm not sure all charting packages are the same but on my PRT, if you align your cursor vertically with the candle while placing the horizontal s/r, the line will attach itself to the low when you get close enough.
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- RedCabbage replied Feb 2, 2009
So was your limit order triggered or did the spread cause it to miss?
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- RedCabbage replied Feb 2, 2009
Interesting. So long as today's price is in line with it, what price did it hit at 9:51GMT today? Which broker do you use?
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- RedCabbage replied Feb 2, 2009
Seems 50% fib has held for the moment though not for a significant retrace. 1hour closes matter.
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- RedCabbage replied Feb 2, 2009
Why? Friday's low on my chart is 14187 and there was bound to be a reaction from there. I also add +/- 10 to my s/r to account for price shortfall and spread.
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- RedCabbage replied Feb 2, 2009
A good level to watch, let's see what happens there.
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- RedCabbage replied Feb 1, 2009
Have a plan. Have a strategy. Keep detailed records. Treat trading as a business. Be consistent.
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- RedCabbage replied Jan 30, 2009
14420 is a 61.8 Fib - the yellow dotted line on my chart that's why sellers came in at 14410. Bye.
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- RedCabbage replied Jan 30, 2009
I'm clearing off for a sleep too as I was up at 5-30am. I hope all the NBTers, contributors and lurkers, have a good weekend.
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- RedCabbage replied Jan 30, 2009
In case BRV looks in, make sure you've seen all his videos too.
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