So if the cable retraces to 2.0128, being the opening price for the day, then getting in short is a highly probable trade?
Forex Ideas & Comments 18 replies
Fibonacci thoughts & ideas.... 13 replies
DislikedI am SO expecting EURUSD and USDCAD to reverse in the next 1 - 20 days
But we will see...could take a while longer perhaps, but I doubt it.
If I can't imagine < 1.0 USDCAD the most likely others can't either
(I figured this is still the best place to make seemingly mad claims that then unfold eventually)
Well, one way or another, I am keeping an open mind towards it...still got that wedge to take care of on EURUSD...Ignored
DislikedSo if the cable retraces to 2.0128, being the opening price for the day, then getting in short is a highly probable trade?Ignored
DislikedThe template #18.4 wich you are talking about, along with other templates based on ADTR could be effective for as long as the average daily range is not complete. The range on cable at the moment has already exceeded that average size and we have to apply something different as a strategy. Usually in such case I either look for a substitute currency pair with lower intraday range, for certain technical formations or just stay out of the market.Ignored
DislikedAlthough the Pound has moved 200 pips now, when i posted it, it still had a daily range of only 60. I can't see how this is the average??
I saw the euro 18.4 and shorted it from 1.3981, stop at 1.3988Ignored
DislikedBlackinc, I would like to thank you for giving me such a pleasure. Seems you're one of a very few actually being able to get some of the core ideas of my method. I like it.
On the other hand, if any dummy had the ability to execute those strategies, I would've been out of business long time ago.Ignored
DislikedIgrok does it looks like we have an diamond formation setting up on the cable 1hr chart.
It looks like it wants to break in the direction opposite to the move downIgnored
DislikedYour book and idea's have been such an eye opener to me. Almost 3 years trading small accounts now, and its only been your book that has made the forex make any sense. Enough sense to go to a much larger account, and seriously think about being able to trade for a living.
Its so enjoyable to sit back and watch the market do whatever, and when you recognise something be able to trade it knowing exactly where to put entires and stops. I've certainly got a ways to go, but i'm pretty sure i'm over the humpIgnored
DislikedI'm really glad to hear it. Good luck with your dreams.
BTW one more tip for the future. Yesterday, when the signals to enter the euro and the swissy came in, the ranges on the cable and CAD already were quite significant. So, it didn't make sense to wait and sit on those positions for longer. Because of that just a soon as swissy made it close to average, the position on the euro had to be liquidated despite its own intraday trading range wasn't very impressive. In other words it always make sense to watch other pair to make a right decision on the one that you actually trade. Sometimes it is also possible to make a trade on one pair using the signals coming on another one.Ignored
DislikedSeems 1.1640 on swissy is guaranteed while 1.1520 is possible. To get lover than that is going to be a problem, I guess.
.9960 on CAD is guaranteed while .9890 is possible, but I doubt it will be able to sustain levels under the parity line.
Also looks likely that we have already seen the high of the week on cable.Ignored
DislikedAlso looks likely that we have already seen the high of the week on cable.Ignored
DislikedSo far this week the cable opened, made a high, fairly quickly made a low, then came back to the open price. Was it probable to sell at the weeks opening price and look to take profit at the average range of a week?Ignored