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DislikedPrice action with fibs on the Daily.
12/11/07 daily bar is a outside bearish bar to the 12/10/07 daily bar. So with a bearish bias for today, how do we enter. One way is to use fibs to find a good retracement location. 50 and/or 61.8 level would be good entry areas for going short.
GbpJpY seems to like the 50 (Thanks Karmo)
Let's see what happens.
JimIgnored
Dislikedwell shorted from 230.20 reason been price has hit weekly 5 sma high.. it's too early too know but SL is already in profit so it's a no loos tradeIgnored
DislikedAdd trendlines to that and you'll be doing fine, at least i am. No other indicators needed.
BR,
RIgnored
Disliked... and 160 fib level at 230.31 - i don't use ma's at all
short and targeting to 228.20
RIgnored
DislikedPredictions are more often wrong than right. Often best just to trade setupsIgnored
DislikedI just have a feeling that this is a dead cat bounce for the Dow.Ignored
DislikedI just have a feeling that this is a dead cat bounce for the Dow.Ignored