Trade what you see, not what you think.
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
simplest strategy for GBP/ JPY 101 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
strategy HILO on GBP/JPY 406 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
Dislikedexcuse my ignorance but is there any way you can tellme where i cango to star learning your strategiIgnored
Disliked4H = Black fibo levels
Don't get confused with all the colorful lines, if you are then open up your chart and just plot 1 fibo at a time and look how price bounced off the fibo levels.
I drew this fibo retracement level after I saw it not being able to test the low again, we can see how the price went and tested the 23.6% the first time and failed, but it broke it the 2nd attempt and went straight to the 38.2%, where it was rejected and came back to the 23.6%, It is going to test the 38.2% another time.. next week. We are also in a small downtrend channel.
http://img515.imageshack.us/img515/2043/4hzm3.gifIgnored
DislikedI was able to find the answer in Auses Thread.
"Just type (%$) under the fibo levels description in the properties of fib to get the price near levels"Ignored
DislikedI'm still holding onto my long, might take a while to go up thoughIgnored