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    • goodthings replied Dec 22, 2006

      This trade was originally based on Post # 9 and the UsdCad retracement pattern as you can see it came close to the 61.8 fib mark as our target then backed off. Currently it is at a point of resistance that it has not gone beyond since April 2 2006 ...

      Long Term Swing Trades
    • goodthings replied Dec 22, 2006

      another way to look at the retracement is as follows. Have not up dated in a couple of weeks but the average is the same. Just got home from work seen it was between the 236 and 382 fib. Placed a limit for 382 fib it hit picked up 10 pips. Helps ...

      Cable Update (GBPUSD)
    • goodthings replied Dec 22, 2006

      Talking of being sure. Think about this if you trade one standard lot ($10) you move 100 pips thats $1000. But if you enter a trade under a very coservative approach you do it with 3 standard lots ($30) well all you need is 33 pips to get the same ...

      Cable Update (GBPUSD)
    • goodthings replied Dec 22, 2006

      Another way to look at it is if you check past history once the pound moves 60 pips beyond it's opening the chances of it reversing or very very low. It opened at 9620 so again breaking trend line is 9680 or so. Thats long time to wait for entry but ...

      Cable Update (GBPUSD)