The first 1 minute candle High was 1.9381.
Should support us here on retracement in progress.
Should support us here on retracement in progress.
Is it just me or is cable acting random? 48 replies
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
CABLE Centurion 16 replies
Cable: Measuring Fibonacci From Where ? 29 replies
Quoting monarchDislikedI was locked out of the forum, nice jump up, target 1.9445 for now.
Let some of these lots ride up, profits locked in now.Ignored
Quoting cesarncDislikedSorry Monarch, why 9445? I mean, why not 9340s ?Ignored
Quoting monarchDislikedThe first 1 minute candle High was 1.9381.
Should support us here on retracement in progress.Ignored
Quoting monarchDislikedWhat I meant was that the retracement on this news movement is now in play at the 1.9379-81 mark, then a continuation upward to 1.94501.9500 area would be my projection for the weekly high.
Any one else on this?Ignored
Quoting hunter6774DislikedHello Monarch,
Not sure what you mean?
Thanks and keep posting
TomIgnored
Quoting monarchDislikedAt the news time I went to a 1 Min. candle and marked the high for the 1st candle. This was 1.9381.
Then I waited for the high to hit 1.9407 and when the price dropped, I shot a fibo from the High 1.9407 down to 1.9327 where there was the first candle in this upwards movement.
The Fibo is 38.2% at 1.9379-80 - the same as the high of the first candle.
This shows me where I can lock my profit and also a new support area for the short term today.
If price falls below 1.9373 I would exit my Long position.
Profits on this type of trade is by releasing lots at the higher price, then wait for the Fibo to support, and the remainder lots would continue upwards, but if it dropped more, there would be a loss, but not enough to offset the gain I already locked in.
You could also pick up the lots again once the price came back to where you released them.Ignored
Quoting goodthingsDislikedQuote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by monarch
I had a PM while ago that said I basically look like a trader that didn't know my directions in the market. I am here to help others learn, and also to learn more myself. .
</TD></TR></TBODY></TABLE>
Hey monarch how many people dont change their weekly business plan thru out the week and their daily plan thru out the day.Ignored
Quoting marwan2010DislikedShort GBPCHF at 2.4150Ignored