Dislikedi just want to say thanks to all of you people in this thread, i have really learned alot from you guysIgnored
Cheers.
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Dislikedi just want to say thanks to all of you people in this thread, i have really learned alot from you guysIgnored
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DislikedIslander - you make PA seem so clear. I can see it ALL in hindsight but as it happens, I see only a little. At least I get nearly all the bounces off the 30 EMA and most of the HL's and LH's. With regard to the 25,75,etc levels, do you draw lines on your charts or they just ingrained in your mind? But I am getting better, and I really appreciate your posts.Ignored
DislikedHere's my chart....I've sold again and already taken partial profits at the 436 level - an earlier high and the 30 ema. I'll add to my short if / when price pulls back to the now falling aqua 30 ema......next TP is the 6400 area....[/quote]
Its always nice when the market obliges......Ignored
DislikedWell, I took that short on the retrace to the 30 EMA and got out at about the daily pivot at +30. Still heading south though..........Ignored
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Hello Islander and everybody else on this thread... i been religiously following this thread and all the other fib thread (I think i looked through over 4000+ posts like few weeks...) I admire your nimbleness in the market Islander. I was wondering where exactly you entered on your last trade (bounce of 30 EMA). Do you wait until the doji candle closes and enter immediately? or do you wait until the low was broken? or do you zoom into 1 min chart and get an early jump on the trade before the 5 min candle has completed?...Ignored
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Hi - the safer way is to wait for the close of the 5 min candle......however, around FO / LO I do drill down to the 1 min chart and work off the close of the 1 min candle for entries. I'm also watching the action of the Euro and Swissy as they too can help clarify moves in cable...Ignored
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Thanks for the clarification... anybody else take the HL trade right before the spike? i got out after it spiked to 6426... completely forgot there was news coming out...Ignored
DislikedAlright I just took my first loss...I will now wait for the market to reset and give me another good trading chanceIgnored