I would wait until 50% Fibbo to break before deciding BFD. As right now... The BULL had failed to penetrate 23.6% Fibbo. Not a strong Bull. Observe my H1 Chart where the Bull had touched 20 wma (yellow line) and then straight away the BEAR taking over. That was the good Entry Signal to SELL FROM BOUNCE (SFB) just now
- #1,622
- Nov 12, 2007 2:47am Nov 12, 2007 2:47am
Nice action during LONDON OPENI am studying the price action on the CROSSING of the 20 wma and 30 sma. Spring action
- #1,623
- Nov 12, 2007 2:55am Nov 12, 2007 2:55am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
newbies here..nice bro ,my chart price reversed after touch 30sma..at 30minit.it around 50pips down..hmmm gud tecnic..
I am just the TESTER Bro 
- #1,624
- Nov 12, 2007 3:04am Nov 12, 2007 3:04am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
From my experience so far, I have got to be VERSATILE on this DYNAMICS SYSTEM. Got to be hardworking switching the TIME FRAME frequently to observe the market PSYCHOLOGY at a time. Different time different PSYCHOLOGY... i.e. before LONDON OPEN... after LO... during NEWS... etc.
Looking at my H1 chart. The perfect ENTRY SIGNAL was when the CS touch the YELLOW LINE (20 wma). However on M30 chart. The ES was when the CS touched the PURPLE LINE (30 sma). Got to be clever about this
Looking at my H1 chart. The perfect ENTRY SIGNAL was when the CS touch the YELLOW LINE (20 wma). However on M30 chart. The ES was when the CS touched the PURPLE LINE (30 sma). Got to be clever about this
- #1,625
- Nov 12, 2007 3:12am Nov 12, 2007 3:12am
yeah! msmsms, zul..gud job...recently i testing other pair similar like this tecnique...NU,GJ,EU....but still in my monitor..if i thng its gud to use..no prob one day ill give the setting...sory if english tongang terbalik..
- #1,626
- Nov 12, 2007 3:25am Nov 12, 2007 3:25am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
oh, really, i cant c the chart. anyway just learn thru my silly experience. this trip got to loss $$ oledi
Even so... READ again my PLAN for today at the earliest post for today. I said BFD only when 50% Fibbo or 61.8% Fibbo are BROKEN. If not... continue SFB.Earlier today I PLAN for this:
But I can't see my own chart
Frankly speaking... since seriously OVERSOLD... about 21.9 RSI(14) on my H1 chart... I just gonna wait for a while. Just have to observe on how much the price correction or Retracement gonna be. This is me... PATIENCE.
You can try to SHORT if the Bull touch 20 wma... This is SELL FROM BOUNCE... but make sure the MONEY MANAGEMENT is sufficient. I would put SL above 30 sma... or above upper BB if I am gonna SHORT. But then... I need to wait and observe now. Got to see the market PSYCHOLOGY today. If 50% or 61.8% Fibbo is broken... I'll continue with BFD.
Bear in mind that US is on HOLIDAY today
All Day USD http://www.forexfactory.com/images/m...act_medium.gif Holiday: Veterans Day
- #1,628
- Nov 12, 2007 3:40am Nov 12, 2007 3:40am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif PPI Input m/m 1.8% 1.5% 3.2%
Not as bad as expected.... but still nearly half of the previous month data. Immediate effect gonna be mixed BULL and BEAR. Perhaps already PRICED IN as the lower data than before already being confidently forecasted. For long run... This is a sign of slow INFLATION going on in the UK now. More bad data regarding this... will force BOE to cut the INTEREST RATE. Hence, COMPLETE REVERSAL of the last BULL RUNS. Any one ready for the LONG TRAIN to the SOUTH?
Not as bad as expected.... but still nearly half of the previous month data. Immediate effect gonna be mixed BULL and BEAR. Perhaps already PRICED IN as the lower data than before already being confidently forecasted. For long run... This is a sign of slow INFLATION going on in the UK now. More bad data regarding this... will force BOE to cut the INTEREST RATE. Hence, COMPLETE REVERSAL of the last BULL RUNS. Any one ready for the LONG TRAIN to the SOUTH?
- #1,629
- Nov 12, 2007 3:53am Nov 12, 2007 3:53am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Since no more important news till tomorrow. BEAR bias I see from now TA & FA. Unless there is more China Man making some statement 
Hardly gonna get 50% or more Fibbo retracement today. Therefore my PLAN for now is SELL FROM BOUNCE (SFB) everytime the BULL touch 20 wma. My SL gonna be above 30 sma. I am gonna use H1 chart for now. If RANGING tightly FLAT. I am gonna switch to M15 chart to SCALP.
p/s: Seems like the BULL is heading closer to 20 wma now on H1 chart.... ready.... steady... steady...
TA & FA. Unless there is more China Man making some statement Hardly gonna get 50% or more Fibbo retracement today. Therefore my PLAN for now is SELL FROM BOUNCE (SFB) everytime the BULL touch 20 wma. My SL gonna be above 30 sma. I am gonna use H1 chart for now. If RANGING tightly FLAT. I am gonna switch to M15 chart to SCALP.
p/s: Seems like the BULL is heading closer to 20 wma now on H1 chart.... ready.... steady... steady...
- #1,631
- Nov 12, 2007 4:10am Nov 12, 2007 4:10am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Did you guys went SHORT already? Seems like the price having so much of difficulty to touch the yellow line (20 wma)
Seems like the price having so much of difficulty to touch the yellow line (20 wma) - #1,633
- Nov 12, 2007 4:25am Nov 12, 2007 4:25am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
i open short. now +19. waiting for TP 30 pip
M30 seems more convincing even on earlier entry when touching 20 wma ... the price went up till 30 sma and came back down lower than that 20 wma. Good for you tkh33
Covering your loss already?
Wrong time frame I guess
Good for you tkh33
- #1,635
- Nov 12, 2007 4:30am Nov 12, 2007 4:30am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
yes tq v much. i got a some profit today. and learn a lot of things from u. tq master
: I am just a FRIEND 
- #1,636
- Nov 12, 2007 6:32am Nov 12, 2007 6:32am
Wrong time frame I guess
Good for you tkh33
- #1,637
- Nov 12, 2007 6:45am Nov 12, 2007 6:45am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Since no more important news till tomorrow. BEAR bias I see from now
Hardly gonna get 50% or more Fibbo retracement today. Therefore my PLAN for now is SELL FROM BOUNCE (SFB) everytime the BULL touch 20 wma. My SL gonna be above 30 sma. I am gonna use H1 chart for now. If RANGING tightly FLAT. I am gonna switch to M15 chart to SCALP.
p/s: Seems like the BULL is heading closer to 20 wma now on H1 chart.... ready.... steady... steady...
: 
- #1,638
- Nov 12, 2007 6:49am Nov 12, 2007 6:49am
This is what I LOVE about Mr Fibbo. Refer to my previous chart... and now. See the BEAR TOUCHED the 261.8% Fibbo extension and BOUNCE back. That was the reference for TP if I SHORT earlier on. But I didn't take any action because I was out with my wife having dinner
- #1,639
- Nov 12, 2007 6:56am Nov 12, 2007 6:56am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
what now? any chance for cable to go up again or it will continue going down?
: Anyway... like I say... BEAR BIAS for today. Hardly gonna see 50% Fibbo retracement.... but possible.Here is my PLAN. I am waiting for the BULL to touch 20 wma on my M30 chart. Once the bull touch it... I'll switch to M15 chart to see the CANDLE STICK formation. Anything indicating reversal... meaning the BEAR is taking over... I'll place SELL straight away. SELL FROM BOUNCE with SL above 30 sma of my M30 chart.
- #1,640
- Nov 12, 2007 7:00am Nov 12, 2007 7:00am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
OOOoooooo... now I know why I can't view some of the charts being attached here. MOZILLA FIREFOX might have problem. Using Internet Explorer... all the chart come out nicely
MOZILLA FIREFOX might have problem. Using Internet Explorer... all the chart come out nicely