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FibbinArchie replied Oct 30, 2010Maybe blowing out a small account is an important lesson in money management and a valuable part of the trading journey. I'm sure it's something many can relate to and in some cases the account was not so small. Just cut your cloth according to your ...
EURUSD
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FibbinArchie replied Oct 30, 2010Correction, having looked on the 1 hr time frame this would actually be a triple equal high... However I'd just like to add, the fact that we've closed right at the level and the fact that this is the third test, to me is indicative of an impending ...
EURUSD
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FibbinArchie replied Oct 30, 2010I hope everyone is enjoying their Saturday. Just cogitating and hypothesising, if it were to gap down Sunday night, then we have a possible lower double top formation, or lower equal high, which is a very bearish pattern and is a lot more powerful ...
EURUSD
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FibbinArchie replied Oct 29, 2010Probably yeah, general vibe, it has done a 61.8% correction of the down move and it has trended up pretty sharply this afternoon and yesterday afternoon, so I guess it's to be expected... Pushing up now so probably gonna get parked on or near the ...
vsa with Malcolm
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FibbinArchie replied Oct 29, 2010Funny how sentiment can u-turn so quickly, all the chatter regarding EURUSD now seems to be concerned with a possible bullish break out of the current consolidation... That said, I most certainly would not rule out the possibility of a fake break ...
vsa with Malcolm
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FibbinArchie replied Oct 29, 2010Nah, they're just still pissed that they did so rubbish in the World Cup. LOL
EURUSD
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FibbinArchie replied Oct 29, 2010I'm inclined to agree, but would add that the big syndicate professionals and insiders will undoubtedly already know the outcome, and will be positioning themselves in readiness for the move... Always good to keep in mind that 95% of retail are the ...
EURUSD
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FibbinArchie replied Oct 29, 2010It would interesting to get Malcolm's input re. accumulation/distribution, I think we are setting up for some explosive action next week...
EURUSD
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FibbinArchie replied Oct 29, 2010Some nice sardines today, check out USD/JPY, 50 pips or so from all time low...
EURUSD
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FibbinArchie replied Oct 29, 2010It should only ever be read in the context of what is going on in the back ground...
EURUSD
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FibbinArchie replied Oct 29, 2010Consolidating again, looks like a bull pennant to me on lower tf, I like 3870 as ceiling before news... Grinding out the sardines, time for a half hour lunch break...
EURUSD
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FibbinArchie replied Oct 29, 2010We are at a strongish level here DS1 and 62% fr of yesterday's up move, but the longer we stay here the more likely it is to give way...
EURUSD
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FibbinArchie replied Oct 29, 2010Well got a little wrong footed on this mornings head fake but switched positions and now in the green, flexibility is a good thing in the current environment...
EURUSD