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- FXreds replied Jul 7, 2011
Yep, totally agree Duffy, I have found discipline to be the biggest challenge at times but also the greatest benefit. I know we are focusing on forex here, but I also take some action in the equity indices also. Just thought I would pop this chart ...
- FXreds replied Jul 6, 2011
Strong consolidation ? — Looks like decent consolidation now building, 20 bars so far.
- FXreds replied Jul 6, 2011
Looks like the short off the box earlier is working out ok
- FXreds replied Jul 6, 2011
Standing aside and not taking the short for previous mentioned reasons, will watch with interest though.
- FXreds replied Jul 6, 2011
Waiting — Price has now rejected the top of the box 4 times at this point. The box is starting to fill out, now on bar 13 of the CZ. The longer it continues, the better the potential breakout, we shall see.
- FXreds replied Jul 6, 2011
Pending Order — Setting pending long order on cable at 1.6030.
- FXreds replied Jul 6, 2011
Also worth noting that cable took a very large bounce off the 1.5990 level yesterday up to the 1.6125 area.
- FXreds replied Jul 6, 2011
Possible CZ in the making on cable, will continue to monitor for the moment.
- FXreds replied Jul 5, 2011
Not sure if I would be taking the long off this box, not much room up to the previous box low which may act as resistance again. Still holding earlier short but will close above 6070 if we get back there.
- FXreds replied Jul 5, 2011
Update — Waiting to see how price reacts as the lower end of the box, has been an area of resistance previously. Given that we had 20+ bars in the area of consolidation the move lower may well not be complete as yet, leaving original stop in ...
- FXreds replied Jul 5, 2011
Nice live example setting up for a short below 1.6090, box slightly larger than the 30 pips. Please ignore previous seel already on chart, comes from different system.
- Posts by Member Search: 'FXreds'