ya, higher lows on last two cable candles, both inside the dz, GJ holding steady above the AL too, 9 mins till London.........
trading naked.......
- #122
- Feb 13, 2008 2:11am Feb 13, 2008 2:11am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
hi all,
im a big fan of fibo. i use fibo retracement and expantion/profit target as my trading tools. i found that it is more accurate to target. i might only read this thread as skunny's and bobo is to much to read... (im a slow reader)...
btw..on 15m...once the price break yesterday high, im targeting it will reach 212.18..but of course it will play around 38 ngn 62 for a while...this is the reason i join this tread...to improve price projection and target and offcourse more pips...
here is my chart...it didnt look like islander's chart yet...as im still struggling with AL n DZ and other term from skunnys and bobo. i know that this thread is naked...so, forgive me for putting an indi overthere
regards,
nasier
im a big fan of fibo. i use fibo retracement and expantion/profit target as my trading tools. i found that it is more accurate to target. i might only read this thread as skunny's and bobo is to much to read... (im a slow reader)...
btw..on 15m...once the price break yesterday high, im targeting it will reach 212.18..but of course it will play around 38 ngn 62 for a while...this is the reason i join this tread...to improve price projection and target and offcourse more pips...
here is my chart...it didnt look like islander's chart yet...as im still struggling with AL n DZ and other term from skunnys and bobo. i know that this thread is naked...so, forgive me for putting an indi overthere
regards,
nasier
- #127
- Feb 13, 2008 2:38am Feb 13, 2008 2:38am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
hi all,
im a big fan of fibo. i use fibo retracement and expantion/profit target as my trading tools. i found that it is more accurate to target. i might only read this thread as skunny's and bobo is to much to read... (im a slow reader)...
btw..on 15m...once the price break yesterday high, im targeting it will reach 212.18..but of course it will play around 38 ngn 62 for a while...this is the reason i join this tread...to improve price projection and target and offcourse more pips...
here is my chart...it didnt look like islander's chart yet...as im still struggling with AL n DZ and other term from skunnys and bobo. i know that this thread is naked...so, forgive me for putting an indi overthere
regards,
nasier
Trading Levels with WRBs
Thank you both, Islander and Piphitman for your very prompt and generous answers. They really helped me to see the picture more clearly now when I look at price action. I supposed the same type of PA observation is used to gauge likelihood of a break/retracement at the target levels as well? Do you guys scale out of your trades by closing parts of your position at different target levels? Or do you just watch the speed of price when it gets closer to T1 and close the entire position if it shows any sign of slowing down? I tend to shoot for T1 and take profit, except for when price just shoots right through it, and I'm just not fast enough to close it before it reaches T2
Tony
Tony
- #131
- Feb 13, 2008 3:36am Feb 13, 2008 3:36am
already +160 tonight as posted in Skunny's thread, but I'm on a roll so here goes 
P.S. I didn't buy it on the first penetration (Doji). I like to see the nervous nellies get out of the way first, which means I draw the fib, wait for a retrace, slop, enter on BO
P.S. I didn't buy it on the first penetration (Doji). I like to see the nervous nellies get out of the way first, which means I draw the fib, wait for a retrace, slop, enter on BO
already +160 tonight as posted in Skunny's thread, but I'm on a roll so here goes
P.S. I didn't buy it on the first penetration (Doji). I like to see the nervous nellies get out of the way first, which means I draw the fib, wait for a retrace, slop, enter on BO
In other words, after that retrace got out of the way(the doji), did you enter long as soon as it penetrated 209.82 the second time?
- #134
- Feb 13, 2008 4:11am Feb 13, 2008 4:11am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #139
- Feb 13, 2008 4:17am Feb 13, 2008 4:17am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
haha...this is my 1st time uploading chart in FF...
here it is...
Edit: and for those trading the 15m TF and buying on the exit of the DZ, you were long from 209.82 - nice one!
Trading Levels with WRBs
