DislikedHi Amyc,
Your journal has been a great learning source for me. Thanks a lot for sharing your views.
I'm not familiar with bar charts, can you tell me when you say green highs, did you mean 8464? or 85+?Ignored
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DislikedHi Amyc,
Your journal has been a great learning source for me. Thanks a lot for sharing your views.
I'm not familiar with bar charts, can you tell me when you say green highs, did you mean 8464? or 85+?Ignored
DislikedWhat do you mean to determine the probability? To determine the targets I use the calculations I have shown last week. To determine the probability each setup has of playing out I have worked that out myself by going through each setup on the charts under different market conditions for that last few years.Ignored
DislikedThanks, amyc. I mean, when you say that there is a 90% chance that AU will hit .8019 this week, how do you get the figure?...
Thanks again!Ignored
DislikedAU reversed off 8070, that is not suprising since it was a 80 pip low and 140 pip low both with supports, this usually pushes the market back up 140 pips, but in this case it is doing 2 140 pip bars up. Around 8330 will start to provide shorting opportunities again, keep in mind that there is a 90% chance price will see 8019 before the week closes.Ignored
DislikedI have decided to close out all my aud shorts at 8300 +660 pips.
I wanted to hold these but if I think that the indicies are going up and I think that the euro is going up then based on the position of the euraud which now looks bearish again it makes no sense to hold them as the aud should go up further than the euro on any up move.
I have now surpassed my profit goal I set at the beginning of the year.Ignored
DislikedGreat going, still continue to be most impressed. From my calcs it seems that traditional R1 and S1 pivot supports are very close to the 50% fib extension and R2 and S2 pivots are close to the 61.8% fib extensions. Does this seem about right to you, and if so why your pref for fib extensions, I presume it fits your trading and testing. Also, really dumb question but what is ES ?
Also how do you calculate the next pp yet as don't have the close for this month yet?
Congrats again, and like you I agree should be going up for a bit, but I'm not...Ignored