Yep, I have the same fibs - I didnt add them to my last post to avoid clutter...I'm thinking that now we'll sit for 30 mins with no action and then move 50 pips in a couple of bars.....I hope that its down!! Edit: LOL - it was! - I've taken some ...

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UJ MAY be joining cable's down move - its just broken under its M3 line. IF it confirms this and continues down towards its DP at 108.01 then GJ should get down towards the 212 area....TWT

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possible 5m fib — This fib is on a narrower range than I like on the 5m chart, but the idea is to zoom in on the possible reversal....here, the sell is on the final break of the lower AL line - tighter range = tighter stops AND closer ...

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Good question - the wide red candle just before the low showed selling pressure, then we had a slow grind up, so as soon as price touched the DZ I sold - also the Daily Pivot is at 9681 - as I've said I'm in and out quicky today, just using the DZ ...

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5m cable fib walked. — I've had a couple of quick trades in cable - here was the last set up - again I'm out and now flat.....FF trading!

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5m UJ — OK - here's what I see on UJ - it was a buy earlier on its reversal up out of the Yellow DZ and the break of the AL line - with another chance as it came back down and bounced off the top of the DZ. I'd normally have the salmon fibs on ...

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LOL - it comes from too many losses before I found Skunny's thread! No data till the US session, so this morning its pips in the bank asap for me!

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you too and thanks for your posts......c u on Monday image

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5m cable — very whippy action here - it was a sell on the break of the lower AL at 9687. Looking at the action, I'm taking today as a "hit and run" day and will be locking in pips early with tight stops and probably exiting when I see a fast ...

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5m GJ IFib walked — I thought that I'd posted this chart earlier.....couldnt resist a small buy off the 50% line, but I'm still cautious..... Edit: I'm out now on a tight stop - cable's sudden spikes down have made it a sell...

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All the best for Egypt and thanks for your input here... image

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It seems that we are in for a Freaky Friday - cable's got "ants in its pants" and UJs vibrating around its DP line - I'm sitting on my hands and waiting for some clarity. One of my esoteric sources says that today there is a cycle due that "often ...

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GM DXT - as usual, nice chart. Did I hear that you're leaving for a sunny and sandy spell in North Africa?

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Thanks Pip - yesterday was good - now what the heck just happened to spook cable? - down 37 pips in 3 mins - I hope its the brokers playing about and not the start of a reversal...

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Hi JaG - your chart was drawn off a down move and thus we would be expecting that move tp continue DOWNWARDS and would be looking to SELL on the exit from the lower DZ line. However, price did exit the DZ and then stopped at the AL line, Alerting us ...

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Hi DG - whilst I got some ideas from Bo's thread, remember that he focuses on cable and only trades GJ when cable and UJ are moving in tandem. Here the idea is to continually walk the fibs, so whenever we see a new H / L AND a pullback starts. we'll ...

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GM Pip - nice entry and its looking good.....

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Another relevent point is that I am trying to show a methodology, each trader will - and must - put his own interpretation into how he / she uses what is being shown. We are all individuals and "see" the price action differently - IMO its less ...

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I guess that way you'd be Shong all the time.....

Cesarnc's market talk, gossips, rumours & fun

Thanks 24HT - it is amaizing how the levels do get hit - and in GJ and GU on a spike up fakeout / stop sweeping move that kills the breakout traders

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