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FibbinArchie replied Oct 28, 2010Either an ABC or the start of a slow roll over... Hmm, still made a higher low tho' so technically still in bullish trend.
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FibbinArchie replied Oct 28, 2010Actually that right there is the problem with candle patterns, a high close on the hourly would give a totally opposing signal...
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FibbinArchie replied Oct 28, 2010Also highest 30 min tick volume bar today... This 30 minute close (in 9 minutes) should be a good indicator...
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FibbinArchie replied Oct 28, 2010Longs could be running for the exits pretty soon, check out the candle formation on M30...
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FibbinArchie replied Oct 28, 2010That poor kid yesterday 200 pips underwater could have got out reasonable level after all...
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FibbinArchie replied Oct 28, 2010+10 but momentum break outs are no good, bad R:R and you're just asking to get stopped, OK, side lines for now...
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FibbinArchie replied Oct 28, 2010My two cents on programming fibs, on some platforms you have to program extensions as minus numbers, this is the case with my MT4 so 127% extension would be programmed as -0.27 you can label the graphic with whatever you want... Bastardo, got shaken ...
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FibbinArchie replied Oct 28, 2010The day is young... Initial claims later, I am thinking of closing my long also...
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FibbinArchie replied Oct 28, 2010I think we will go down soon, within a couple of days to a week, but possibly has at least another up thrust in it...
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