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  • #2,221
  • Feb 13, 2008 5:29am Feb 13, 2008 5:29am
So the previous day high was broken, does this mean we can buy dips anywhere below?
  • #2,222
  • Feb 13, 2008 6:14am Feb 13, 2008 6:14am
Personally id say no dont buy dips at the moment.
Price got very close to the last big downmove pivot since 30jan this morning. Within 10pips. I think it could go south now

I'll be shorting it myself now soon
  • #2,223
  • Feb 13, 2008 7:05am Feb 13, 2008 7:05am
Quoting Zelenin
So the previous day high was broken, does this mean we can buy dips anywhere below?
Depends on your view of which fibs are current and which aren't, but for me until support breaks on the green swing fib, i'm biased long. I'm not entering longs atm though because forecasts for the data at 13:30gmt suggest GBP will weaken temporarily.

I'm on the sidelines now until the dust settles after the news. Will assess bias again then when price provides more clues.
Attached Image (click to enlarge)
Click to Enlarge Name: Hrly Fibs - 13th Feb 08.GIF Size: 68 KB
  • #2,224
  • Feb 13, 2008 7:23am Feb 13, 2008 7:23am
im in a free trade at the moment short, and i reckon its good for another 30pips at least
  • #2,225
  • Feb 13, 2008 7:48am Feb 13, 2008 7:48am
got out with healthy pips there. But now it looks like price just bounced off the pivot of the last move. I think now is a good time to buy

Prob best to wait and see waht the new candle says
  • #2,226
  • Feb 13, 2008 8:05am Feb 13, 2008 8:05am
Quoting disr
Hey Bo,

Just wanted to find out if a range fib was relevant here in the past few days as I have in the chart. Took out the intraday and swing fibs so that there would be less clutter.

Do we do it like in the 1st chart or the 2nd one?
Yes, That is showing you the major support points for this move up in Cable to continue, If those fib levels break the up move is over.
  • #2,227
  • Feb 13, 2008 8:07am Feb 13, 2008 8:07am
Thanks, guys, for your info.

I looked at broken yesterday's high and thought that price is biased to go long. But really i'm still learning.
  • #2,228
  • Feb 13, 2008 8:07am Feb 13, 2008 8:07am
Quoting Zelenin
So the previous day high was broken, does this mean we can buy dips anywhere below?

Yes, as long as price is maintained above each days Intraday fib levels ...you continue to buy the dips.
  • #2,229
  • Feb 13, 2008 8:10am Feb 13, 2008 8:10am
Quoting jicjoc
Personally id say no dont buy dips at the moment.
Price got very close to the last big downmove pivot since 30jan this morning. Within 10pips. I think it could go south now

I'll be shorting it myself now soon

Dont take shorts until the Intraday levels are broken, they will be counter trend trades until price breaks the levels from the previous day, then start looking to sell the rally's. If you take a short position, treat them as scalps to the Intraday levels.
  • #2,230
  • Feb 13, 2008 8:13am Feb 13, 2008 8:13am
Quoting ChowClown
Depends on your view of which fibs are current and which aren't, but for me until support breaks on the green swing fib, i'm biased long. I'm not entering longs atm though because forecasts for the data at 13:30gmt suggest GBP will weaken temporarily.

I'm on the sidelines now until the dust settles after the news. Will assess bias again then when price provides more clues.
Patience is a virtue, even if it keeps you out of a trade sometimes.
  • #2,231
  • Feb 13, 2008 8:15am Feb 13, 2008 8:15am
Quoting jicjoc
got out with healthy pips there. But now it looks like price just bounced off the pivot of the last move. I think now is a good time to buy

Prob best to wait and see waht the new candle says
Now your talkin, price action will rule the rest of the day now. Be skeptical and dont give any back !
  • #2,232
  • Feb 13, 2008 10:24am Feb 13, 2008 10:24am
another free trade, this time long.
Im thinking about closing it, even though i think its good for another few pips yet, but london is about to close. Pips in the bank sounds better to me than that damn asian session!
  • #2,233
  • Feb 13, 2008 10:55am Feb 13, 2008 10:55am
Quoting jicjoc
another free trade, this time long.
Im thinking about closing it, even though i think its good for another few pips yet, but london is about to close. Pips in the bank sounds better to me than that damn asian session!
Yep, its not worth it too sweat it out through the asian session
  • #2,234
  • Feb 13, 2008 4:53pm Feb 13, 2008 4:53pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting ChowClown
clues.
Hi CC
right click your chart select save picture/image, you can then save image (active 1000x800) to desktop, will give better res and easier than copy paste edit etc then upload in the normal.

hope this helps

MPP
  • #2,235
  • Feb 14, 2008 3:25am Feb 14, 2008 3:25am
Hi Bo,

I have been reading the thread from page #109, I found some
templates, but no indicators, could you pls direct me to where
I can find.

Thanks.
Mukesh
  • #2,236
  • Feb 14, 2008 4:27am Feb 14, 2008 4:27am
Quoting MPP
Hi CC
right click your chart select save picture/image, you can then save image (active 1000x800) to desktop, will give better res and easier than copy paste edit etc then upload in the normal.

hope this helps

MPP
Thanks for the tip MPP Will use from now on.
  • #2,237
  • Feb 14, 2008 4:48am Feb 14, 2008 4:48am
I dowloaded Fibo Autobox from an earlier post and put on gbp chart...
but don't see anything? someone please help, how do I make it work.

Thanks.
Mukesh
  • #2,238
  • Feb 14, 2008 4:49am Feb 14, 2008 4:49am
Quoting Mukesh
Hi Bo,

I have been reading the thread from page #109, I found some
templates, but no indicators, could you pls direct me to where
I can find.

Thanks.
Mukesh
Don't think there are any indicators here, really, but you can click on the paper clip icon and go through the list of attachments.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,239
  • Feb 14, 2008 5:01am Feb 14, 2008 5:01am
Quoting Mukesh
I dowloaded Fibo Autobox from an earlier post and put on gbp chart...
but don't see anything? someone please help, how do I make it work.

Thanks.
Mukesh

The problem is that the Auto box was written and it's settings are for GU and it's price is in the 1.9000 range, and GJ is in the 211.00 range and higher, so the data is hidden at the lower price range on the GJ chart. I would first try changing the tf on your GJ chart from one to a smaller and then back and see if it appears, if not you will have to zoom out and find the data and see if you can drag it into the right position. Sorry, I am unfamiliar with Auto box, so I don't know if that will work.

Good Luck
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,240
  • Feb 14, 2008 5:07am Feb 14, 2008 5:07am
Quoting galaxymom
Don't think there are any indicators here, really, but you can click on the paper clip icon and go through the list of attachments.
Ok, I understand. Can you please tell me (or post) which is
the latest template being used.

Thanks.
Mukesh
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