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- 40 Results (2 Threads , 38 Replies )
- Frank D replied Feb 6, 2008
"Whenever the market breaks the 3-day lows, as it did on Friday, the expectation is that price would move to the extended low the next day before reversing back towards the break....whether it's going to come down again providing a 'HOOK' day????? ...
- Frank D replied Jan 24, 2008
Cable bounced off January lows and is heading upwards towards February 50% levels.... Breakout of the 3-day range on Thursday, rising upwards from the 5-day 50% level... Breakout of the 3-day range and I would like to see a reversal back down on ...
- Frank D replied Jan 21, 2008
GBP moving down into Weekly lows on Monday..... once again resistance around the 43 pip high during the down move Tuesday's trading expectation:- price is heading towards Tuesday's lows @ 1.93830, use Monday's breakout as resistance 1.94860 Once ...
- Frank D replied Jan 20, 2008
GBP trend remains down defined the Weekly 50% level....any further weakness this weak and expectation price heading down towards the Weekly lows and then the January lows.... The Failure of the Weekly 50% level and the push down on Friday suggests a ...
- Frank D replied Jan 18, 2008
"If trading longs off support look to partial exit around 32-43 pips off the swing lows, with stops just below the lows, and hold......" Yesterday's post.... Yesterday was about using the 5-day 50% level and trading upwards towards the highs, ...
- Frank D replied Jan 17, 2008
This Week GBP has had an UP bias with a lot of rotation going on.... Each day has been supported around the 5-day 50% levels and rising upwards into the daily highs, and then reverseing back down Also GBP has been moving in 120 pip ranges, and each ...
- Frank D replied Jan 17, 2008
GBP tested support 5-day 50% level 1.9672 and now rising..... Expectation that price is heading towards Friday's highs... However, intra-day resistance is around 1.9715-1.9726 Therefore is needs to break above that, stall and consolidate before ...
- Frank D replied Jan 17, 2008
Short-term:- UP bias during this Weekly timeframe... Support 5-day 50% level @ 1.9672 Resistance Friday highs @ 1.9805
- Frank D replied Jan 16, 2008
My first trade yesterday is highlighted (green circle) and the partial exits along the way... Once I got stopped out at entry price, I didn't trade again (sleeping), but the breakout on the intra-day Ranges and crossover the 5-day 50% level was the ...
- Frank D replied Jan 16, 2008
GBP moved into a choppy consolidating pattern around the 5-day 50% level, but eventually rallied up into Wednesday'd high's and reversed back down into the 5-day 50% level once again.... This week's looks like it's going to be a choppy trading week ...
- Frank D replied Jan 15, 2008
GBP/USD continuing higher and moving above the Tuesday breakout... Next partial exit is 1.9653 (moving into 90 pips from swing lows increased risk) and then holding last lot into Wednesday highs with breakeven stops from entry
- Frank D replied Jan 15, 2008
GBP rising above the 5-day 50% level and heading back towards Tuesday’s breakout of 1.96390… I have no idea how things will re-act around yesterday’s breakout, but any upside moves are back towards Wednesday’s highs…. Long on break @ 1.9608 Partial ...
- Frank D replied Jan 15, 2008
The Weekly direction was going to be defined by Wednesday's trading, the 5-day 50% level and the breakout of 1.9639.. Tuesday's late sell down has given us a fair indication of where GBP is probably heading.... A failure of the Weekly 50% level, and ...
- Frank D replied Jan 15, 2008
GBP has continued up into the Weekly 50% level and stalled. Often this level is a resistance level and the market continues down into the Higher timeframe support levels. However, one of these support levels has already been reached. When we look at ...
- Frank D replied Jan 15, 2008
GBP has followed the statistical UP day on Tuesday forwarned by the 'rise' in Wednesday's low.... Price breakout and heading towards the Weekly 50% level, and expectation that it will move towards Wednesday highs tomorrow...
- Frank D replied Jan 14, 2008
Since my earlier report, GBP has been rising upwards (lower Circle), and this was forewarned by the rises in tomorrow's ranges (higher lows)..... Tuesday has a random length:- but there are certain levels, that traders should not be trading ...
- Frank D replied Jan 14, 2008
GBP is following the Trend down:- This week’s trend target is 1.94020, with further weakness down into 1.93320 during January… On Monday, the focus was use the 90 pip spiral top and trade down, once it completes the 90 pip bottom @ 1.95575, it could ...
- Frank D replied Jan 14, 2008
GBP has pushed up early on Monday and trading around the 5-day 50% level... with 90 pip completion and spiral top...the Risk level is set for Monday @ 1.9647 Risk trading against either side of that level....
- Frank D replied Jan 11, 2008
You trade down into support, and you trade up from support.. you trade up into resistance, and you trade down from resistance.... Quarterly support 1.9504 price travels from the middle outwards, and rotates back inwards... price didn't complete the ...
- Frank D replied Jan 11, 2008
90 pip up swing and back down into major support for Friday.... don't trade longs below 1.9504 today.... re-entered and exitted for 90 pip swing lows and Friday Target.... have a good weekend