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FibbinArchie replied Jan 18, 2011Mr Camel don't seem to want to stick his neck up... He's got the hump...
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FibbinArchie replied Jan 18, 2011Clearly price didn't agree... although we're still above the older rtl from earlier...
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FibbinArchie replied Jan 18, 2011you're welcome, I only tend to use the longer tf major sup/res levels, but with this you can see them on the m1 & m5...
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FibbinArchie replied Jan 18, 2011try this one, it's a little more sophisticated, tagging multiple time frame confluence for stronger and more effective levels...
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FibbinArchie replied Jan 18, 2011as is often the case our pennant looks as though it's breaking down into sideways action...
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FibbinArchie replied Jan 18, 2011you have lots of options to partial exit or tighten/trail stops if you are sitting on good bookable profit, learn from the mistake...
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FibbinArchie replied Jan 18, 2011Well we're just a couple of clicks from stop city here, so personally I favour more upside... Also appears to be respecting rising TL, in (as someone just mentioned) bull pennant formation, doesn't guarantee that price will follow through like the ...
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FibbinArchie replied Jan 18, 2011That was my thinking at the time... But I've drawn up a few goals of late and tinkering with my methodology to stay in winners longer is one of them, actually just reducing lot size and therefore reducing initial risk exposure is a good start...
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FibbinArchie replied Jan 18, 2011Well we've gone 15 pips through last week's res, not sure we've seen the last of it tho' still over an hour till London close...
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FibbinArchie replied Jan 18, 2011I was the exact opposite, shorted at 3450, but only took 60 pips profit, so not greedy enough, although I did have to leave for work, so couldn't monitor the price with an MT4 chart (my excuse)...
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FibbinArchie replied Jan 18, 2011ZEW, yeah I caught the right side of the spread for a quick long, more luck than judgement... Best catch of the day so far tho'
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FibbinArchie replied Jan 18, 2011I got 3348 as dynamic key level looking south, currently coincides with 50% fr
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FibbinArchie replied Jan 18, 2011TIC almost double forecast and little to no reaction as yet...
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FibbinArchie replied Jan 18, 2011some parts are nice, but a lot of it resembles a toilet these days imo... maybe familiarity has bread a little contempt...
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FibbinArchie replied Jan 18, 2011yeah, interesting that we're consolidating 50 to 100 pips shy, enough space for a standard shakeout?
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FibbinArchie replied Jan 18, 2011numbers out in 20 mins, mouthwateringly close to those top side stops...
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