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- ric3bowl replied Feb 8, 2010
Anyone seeing/agreeing with this setup in Cable? Looks like price action is nearing 61.8% retracement on the attached chart.
- ric3bowl replied Feb 2, 2010
Well one of the things that has me worried, and this is in support of your view, the 38.2% fibonacci retracement level @ 90.26 is holding right now. This fibonacci is drawn from the most recent swing low (89.14) and high (90.95). So this so far ...
- ric3bowl replied Feb 2, 2010
I'm actually short USDJPY, but I'm shorter term than you, Pippy, so hopefully we both make some pips. I'm short from 90.80 with a breakeven stop loss now. I've booked half my trade and letting the rest ride down to somewhere below 90. This is based ...
- ric3bowl replied Feb 2, 2010
Well I'm still short USDJPY from yesterday's resistance to the 90.80-90 area, which is an area of confluence for 2 trends' 38.2 and 61.8 fibo retracements. So far it's been okay. It's taking a while and I've already closed half my position at these ...
- ric3bowl replied Feb 1, 2010
I've been following this thread for quite some time now and I like what I see. Is anyone seeing this setup in USDJPY? I attached two images. The USDJPY has rallied to this 90.80-90 area last Friday before failing. It's an area of convergence of 61.8 ...
- Posts by Member Search: 'ric3bowl'