G'morning Islander
Been away for a while. Difficult trading GY just now, seems better to trade GU and UY individually
Been away for a while. Difficult trading GY just now, seems better to trade GU and UY individually
kiwi trader
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DislikedG'morning Islander
Been away for a while. Difficult trading GY just now, seems better to trade GU and UY individuallyIgnored
DislikedI am watching to see if the G/J pulls back to 203.500 area before it starts back down.Ignored
DislikedIts now in the 203.50 area and my narrower fib DZ, BUT give cable's run up to its 9600 area - its 50% retrace - AND the possibility of UJ retracing to its 104 area, I'm thinking that the wider fib's DZ might come into play - i.e. the 204 area - as ever, Time Will Tell!
I'm flat now after a hectic couple of hours and will wait for the BOE announcementIgnored
DislikedIts now in the 203.50 area and my narrower fib DZ, BUT give cable's run up to its 9600 area - its 50% retrace - AND the possibility of UJ retracing to its 104 area, I'm thinking that the wider fib's DZ might come into play - i.e. the 204 area - as ever, Time Will Tell!
I'm flat now after a hectic couple of hours and will wait for the BOE announcementIgnored
DislikedIslander,
I only had a short time to trade so I focused on G/U. I had a 28 pip gain before I had to close my position because of time. Someone is making money with the G/J though. Have a good day trading.Ignored
DislikedI narrowed my range down a bit more and got in a little late but still made 25 quick pips from 201.77 to 201.52Ignored
DislikedHey guys, excuse the intrusion
Just wanted to ask a potentially offensive question, albeit in good intent..
Isn't all of this DZ stuff just another way of saying "here's an arbitrary breakout zone"?
I.e. isn't all this stuff just artificial range breakout with a bit of fib projections for TP thrown in?
Alternatively it's playing retraces, not sure
Not that I've done too much research just yet(I do use fibs and FEs and extensions a lot in my own trading though), just going by what I see so far..Ignored
Dislikedif you use fibs, then the high and low points have to be placed somewhere, right? so are you placing your fibs on an "artificial" range too?Ignored
QuoteDislikedIf you use fibs then you know very well the importance of watching what price does when it enters and either continues through or is rejected at the 38 and 62 fib levels (DZ)
QuoteDislikedBobokus' thread is also a great read on finding and using the correct "range" for using ones fib correctly.
Islanders method is kind of a Skunny/Bobokus hybrid method.
DislikedHey guys, excuse the intrusion
Just wanted to ask a potentially offensive question, albeit in good intent..
Isn't all of this DZ stuff just another way of saying "here's an arbitrary breakout zone"?
I.e. isn't all this stuff just artificial range breakout with a bit of fib projections for TP thrown in?
Alternatively it's playing retraces, not sure
Not that I've done too much research just yet(I do use fibs and FEs and extensions a lot in my own trading though), just going by what I see so far..Ignored