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- Pipped replied Sep 1, 2010
USD/CHF — I've been watching this since price touched the upper trendline for the third time at the beginning of June and dropped like a stone. It's just bounced of the lower line and formed a daily pin at a support area. I'm reluctant to go ...
- Pipped replied Jun 21, 2010
GU update — I'm short from 1.4900 but looking for retest around 1.4850-900 in the next week or two. It'll be interesting to see how this one plays out: image image I also saw this on GJ: image image
- Pipped replied Jun 15, 2010
Through the looking glass..... — I've been watching this GU setup for some time and agree completely with TraderDavo's analysis several pages back. I'm definitely looking to short, but only time will tell. I've noticed a few more things in the ...
- Pipped replied Jun 8, 2010
GJ — Last week's pb has just broken.... The ratings agency Fitch has stated that the UK needs to redouble efforts to cut its budget deficit - David Cameron's just made a sombre speech to soften the blow and the chancellor's turning to the ...
- Pipped replied Apr 15, 2010
I think Chris was being ironic.... we Brits are supposed to be good at it. He's showing us up! Well done with your recent trades and thanks for the interesting posts too... I'm currently long USD/JPY from 93and GBP/JPY from 143 (after daily pin and ...
- Pipped replied Dec 13, 2009
I'm a buy at 1.4600.....if it works out I'll take profit at 1.4850ish. Set-up looks good, so fingers crossed!
- Pipped replied Sep 8, 2009
Just broken through the major trendline. Need to see if support will hold and whether or not the 1.4450 level is broken.....
- Pipped replied Sep 4, 2009
Hi coscorp, Thanks for the TL advice, that makes good sense to me. Successful trading definitely needs consistency.... I prefer to draw from the wicks too - I obviously just need to learn to stick to one method! Doing this would put a daily TL ...
- Pipped replied Sep 3, 2009
Hi coscorp, You've confused me I just drew my fib from the most recent low and high that touched the major trendlines. If I had zoomed out further (say 300 bars) there would be a new LL from the 8th July to the HH that you have on your ...
- Pipped replied Sep 3, 2009
We're at that minor support turned resistance now....let's see what it does.
- Pipped replied Sep 2, 2009
This thread is really coming alive again! The last few pages contain some of the most useful discussion and advice I've seen here for ages. Well worth a read. Thanks Coscorp, Madpommie, DanUK, etc.... Great posts everyone.
- Pipped replied Sep 2, 2009
Snap! I was in exactly the same trade: bought at 1.4200 and closed out at the Fib50 (drawn from the high on the 27th to the low on Monday) just shy of 1.4300. One of my main reasons for taking this trade was the bounce off the daily trendline, ...
- Pipped replied Aug 28, 2009
Closed out a short from 1.4400 that I've been holding since price spiked yesterday. My main reason for taking the trade was the trendline visible on the daily over 300 bars - this resistance has been well respected so far. My target was the 50Fib @ ...
- Pipped replied Aug 28, 2009
Hi Jacko, It's great to see you here. Your posts always lend a great deal of moral support and help me to stick to my trading plan (and I know I don't just speak for myself in this respect). You should indeed be proud of this thread. Thanks.
- Pipped replied Aug 28, 2009
Hi Speedtrip, This one's more of a novel than a textbook, but between the lines there's a lot of insight into the psychology of trading. I like how some things never seem to change; as Jacko says, 'This market will be here long after you and I...' ...
- Pipped replied Jun 18, 2009
Hi Rcwso, It depends entirely on the time-frame you're using. For example, I see the 4H trend as up over 300 bars, but the 1H (for those who trade it) is clearly down. Also, some members of Jacko's group go counter-trend, trading Jacko's predictions ...
- Pipped replied Jun 15, 2009
Thanks Jacko! That means a lot
- Pipped replied Jun 15, 2009
All this waiting is finally starting to pay off - 200 pips in the bag from buying at 1.3900 last Tuesday and I couldn't resist going counter-trend on Friday when the 4H retested the channel line.....currently up 247 pips! One of my better weeks, ...
- Pipped replied Jun 12, 2009
Low and RickyRudy - you have a PM
- Pipped replied Jun 6, 2009
Hi, Jacko's advice to me not so long ago was to select a time-frame, 300 bar chart, then join up highs with an upper TL and lows with a lower TL....simple as that! Don't agonise over it too much - you can see the trend over the 300 bars at a glance. ...