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- Barny replied Mar 17, 2009
Just out of interest, the recent move down is virtually the same length as the move down from yesterdays high thus forming an A-B-C. This is usually bullish so we need to watch to see if we get a significant retracement now. Aslo high 1.618. a 786 ...
- Barny replied Mar 17, 2009
[quote=PipLand;2608532][quote=Barny;2608504] That ties in nicely PIP with the head towards 13500 of cable. That will be the wash and rinse before the $ starts to fall big time. Unfortunately some say this bottoming process for Cable could take some ...
- Barny replied Mar 17, 2009
[quote=PipLand;2608490]Morning everyone. Nice stuff PIP. Your chart is also showing some nice price divergence with the MACD. Something I generally watch just I don't tend to look at FTSE that much, so much appreciated to see this correlation !!
- Barny replied Mar 17, 2009
I think you may be correct. I find that generally when a retrace hits the 78.6 and falls away from it. it carries on down. Let wait and see
- Barny replied Mar 17, 2009
Good morning Manize Those Fibo fan certainly seem to be working today. It has also just bounced down from the March 15 low and also the 78.6 recent retracement. great stuff!!
- Barny replied Mar 16, 2009
Good call. It was just on the limit! The next 1hr candle will certainly tell a story. I took half off the table on my earlier short term trade when it hit the 15min 21 MA. Stop on remaining half just above recent high set @ 14237
- Barny replied Mar 16, 2009
Hi Manize, you are obviously an experienced trader. After your last post I was wondering if you enter a trade after the 4hr has closed, let say it closes below 14150, where would you put your SL. Above the high would be a sizeable trade with ...
- Barny replied Mar 16, 2009
Good morning Alca That 14180 is also a recent 1.618 extension and resistance from the March 9th high and would be closer to the top channel line. Out of interest what would convince you that a test higher is NOT going to happen??
- Barny replied Mar 16, 2009
Well spotted. I was also watching these levels. Other things that happened there was the 38.2 from the Feb high and fairly close to the upper rising channel line. It is the third rise to thiis channel line and I have noticed that often the last hit ...
- Barny replied Mar 16, 2009
Good morning everyone. Answer about SL, you ahve a fib level at about 14112. It may bounce off that if it is going down soon. Next level is 14180 which is much stronger resistance if 14112 fails. Just after UK will tell
- Barny replied Mar 13, 2009
Confusion is a good thing but you are right. We are in a flag or pendant pattern waiting to break out. Generally I find that breakouts do not occur between the UK and US opens. The UK open gives the market makers the opportunity to get read for the ...
- Barny replied Mar 13, 2009
[quote=alcando;2601355]Just a fundamental money flow spin to add to your thoughts that I found interesting: That is serious stuff ALCA... I would imagine some moves because of it. Great to have a guy on the forum that injects this kind of info ...
- Barny replied Mar 13, 2009
Ooops!! left that bit out. Sorry! Looking at UK Time 7:00 a.m low up to 9:15 high 15 min or 5 min will do for working the short term fibs. As another aside, I often watch a thing call a DOUBLE REPRO by Joe Dinapoli. It is simply a 3 period MA ...
- Barny replied Mar 13, 2009
If this continues down I am looking for 1-2-3 wave pattern down turning on the fibs then back up to the US open then down during the US day. Poosible first stop around the 14000 and 38.2/61.8 confluence. What say you?
- Barny replied Mar 13, 2009
Great entry, just on the down open of the 5min YES? Keeeps the SL to a minimum. I use the same entry technique and look for confirmation of continuation under the 5min 8MA
- Barny replied Mar 13, 2009
INZIDER Did you get that confluence. Maybe only a brief retrace BUT it happened at 261.8 off last nights high, 61.8 off 6 Mar high, 38.2 of Febuary high. Certainly worth a punt don't you think?
- Barny replied Mar 13, 2009
AN INTERESTING CHART JUST SHOWN ON BLOOMBERGS It shows that the $ index has reversed EVERY time a new US president has taken office. (An easy chart to reproduce if you have the time). The predicted timing is November this year for a $ high. That ...
- Barny replied Mar 13, 2009
[quote=Inzider;2601058]Hi Barny! I'm from GMT-5 (canada), trading London/USA over lap. Keep on good work about fibs. I personnaly LOVE the yesterday HL on 15 chart. Like right now we are in between 78.6 and 61.8. WOW!!! That means you two are ...
- Barny replied Mar 13, 2009
Good morning Inzider, Sofia and everyone. This is my time to start in the UK well maybe an hour ago. What is your time for trading Inzider and Sofia. You said " Let's wait and see what London have for us tonight!" I got in at 13949 last night (for ...
- Barny replied Mar 10, 2009
Ciao for now