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- MarkH replied Aug 29, 2011
Long now, three positions around 126.250. Inverted Head and Shoulders forming on the 4Hr. Price keeps bumping off of the 50% Fibo level.
- MarkH replied Aug 29, 2011
Update For August 2011 — Progress for August....
- MarkH replied Aug 29, 2011
Closed all three positions at 126.222.....
- MarkH replied Aug 29, 2011
In profit...
- MarkH replied Aug 25, 2011
I'm out with about a $1,300.00 profit.
- MarkH replied Aug 25, 2011
In Profit — Letting it run.....
- MarkH replied Aug 25, 2011
All three trades on long positions now. We've got a long way back up the other side of the channel.
- MarkH replied Aug 24, 2011
Notice the price bumping up against the ceiling of 61.8%. Price will most likely bounce around until it hits the channel (green line).
- MarkH replied Aug 24, 2011
Short one more lot @ 126.198
- MarkH replied Aug 24, 2011
Short One Lot @ 125.790 — Dipping one toe in the water. Short One Lot @ 125.790
- MarkH replied Aug 24, 2011
Game on. Channel breakDOWN....
- MarkH replied Aug 23, 2011
Forgot to attach a chart....
- MarkH replied Aug 22, 2011
Still no trades but Bollinger Bands are tightening and we have not broken through 50% Fibo retracement.
- MarkH replied Aug 21, 2011
Still moving sideways, but has now broken out of the 4hr. channel. We're making progress, but it's slow going..... However, notice that lows are making are making higher highs into a ascending flag formation.
- MarkH replied Aug 19, 2011
Good week, nice profits. Took a little hit yesterday, first time I've had a loss in while. Like another poster put it, "you can't be 100% (right all of the time). It's not going to happen." This just proves it...he's right! Looking forward to next ...
- MarkH replied Aug 19, 2011
Sideways chart....
- MarkH replied Aug 19, 2011
I think you've got the right idea. However, look for the confirmation of the "Big Picture" on the four hour movement. The 4Hr. really tells the tale of direction. I've always read that the "rule" is; You need one closed candle after the initial ...
- MarkH replied Aug 18, 2011
On the edge, higher? Or lower?
- MarkH replied Aug 18, 2011
Just received my Daily Confirmation.....
- MarkH replied Aug 18, 2011
Price attempting to break out of the channel.