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FibbinArchie replied Jan 7, 2011I was convinced of a sharp shakeout & reversal, just goes to show, the market don't care what you think, it's gonna do it's own thang anyhow...
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FibbinArchie replied Jan 7, 2011Well that has to be one of the tamest NFPs for quite some time, looking like we may have some more downside next week...
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FibbinArchie replied Jan 7, 2011Have a good day HDA, and remember all the old cliches, eg. "the market pays you to be disciplined and patient..."
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FibbinArchie replied Jan 7, 2011Sounds about right... would not be surprised to see a spike through those levels...
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FibbinArchie replied Jan 7, 2011Lots of scope for a shakeout between NFP & options expiry then, expecting some severe volatility in that time window, will be taking a look around london close for mid term direction, gut instinct is saying north... My advice is to be conscious of a ...
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FibbinArchie replied Jan 7, 2011
If you miss a move because the set up did not fit your criteria, never ever lament it, so long as you stick to your system or methodology and that method provides an edge, then you will be profitable over time... Was just pointing out the ...EURUSD
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FibbinArchie replied Jan 7, 2011I think Daily FX are excellent technical analysts, but in my experience their trade recommendations and entry signals suck...
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FibbinArchie replied Jan 7, 2011an over exaggeration on my part, I think the official stat is that it retraces 75% of breaks (still good odds)... Take a look at your m1 tf for the past 45 minutes, a typical example... & MS makes a good point, a counter trend on the m15 or higher ...
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FibbinArchie replied Jan 7, 2011Because EU retraces 9 out of 10 times, good odds really... If you have watched EU pa for x thousand hours, you start to get a feel for when it's likely to retrace and when it isn't, add to this tick vol analysis and you can enter with a measure of ...
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FibbinArchie replied Jan 6, 2011They have their uses, although I wouldn't trust an isolated entry signal from a lagging indicator...
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FibbinArchie replied Jan 6, 2011Your monkey avatar is good, but not as good as Hatch's lol video
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FibbinArchie replied Jan 6, 2011Working temporarily (for a few months) so not around to trade London main sesh, I'm not into position trading at the moment anyway. Will be lots of scope for taking chunks out of the trend, once we get out of this consolidation... That's the thing ...
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FibbinArchie replied Jan 6, 2011I think asia will park it up 50 or so pips from support, obviously a narrow range from London open up until release, and then the fireworks.. FYi pure speculation naturally...
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FibbinArchie replied Jan 6, 2011Re. trading NFPs, more often whip-saws (quite violent can be up to 100 pips) than clean breaks to start trending... check out the ranges in the image, retail stop distances and then some...
EURUSD