DislikedNow that I'm back ashore I'm working my way back into trading - but now I'm restricting my FX trading to a couple of hours around FO / LO and moving back to trading the Dow / S&P in the US session.
Thus I'm looking for other methodologies to help find trades and this morning a combination of the 34ema and the sweet spot at a 50 level gave me a sell which I exited on a limit at the S1 level.
Later, I grabbed some more pips after the bad German news took the Euro down hard, dragging cable with it - here, I exited in the spike down to the green MS2 line.
More relevent to this thread is to see that this move down has now stalled at the 161.8 extension of the fib from this mornings move. Price initially turned at the nice confluence of the 50% retrace and my 200ema - I've now pulled a new fib off that high and the new low and will be tempted to sell again if we get a retrace to the 38% level at 8388.Ignored
- Post #5,427
- Quote
- Aug 26, 2008 8:11am Aug 26, 2008 8:11am
- Joined Jan 2007 | Status: Member | 11,829 Posts
Trading Levels with WRBs
- Post #5,428
- Quote
- Aug 26, 2008 8:15am Aug 26, 2008 8:15am
- | Joined Apr 2006 | Status: Member | 306 Posts
- Post #5,429
- Quote
- Aug 26, 2008 8:15am Aug 26, 2008 8:15am
- Joined Jan 2007 | Status: Member | 11,829 Posts
Trading Levels with WRBs
- Post #5,430
- Quote
- Aug 26, 2008 8:17am Aug 26, 2008 8:17am
- Joined Jan 2007 | Status: Member | 11,829 Posts
Trading Levels with WRBs
- Post #5,433
- Quote
- Aug 26, 2008 8:58am Aug 26, 2008 8:58am
- Joined Jan 2007 | Status: Member | 11,829 Posts
Trading Levels with WRBs
- Post #5,436
- Quote
- Aug 26, 2008 9:46pm Aug 26, 2008 9:46pm
- Joined Jan 2008 | Status: Member | 2,996 Posts
- Post #5,438
- Quote
- Aug 26, 2008 10:09pm Aug 26, 2008 10:09pm
- Joined Jan 2008 | Status: Member | 2,996 Posts
- Post #5,439
- Quote
- Aug 26, 2008 10:15pm Aug 26, 2008 10:15pm
- | Commercial Member | Joined Oct 2006 | 2,560 Posts