I believe Bo said that he waits for all 3 to aim in the same direction to take a trade on geppy....And he also look at what currency is mostly pulling it...
Fibonacci Trading with Bobokus
- #3,504
- May 14, 2008 3:00am May 14, 2008 3:00am
Nice trade man. Way to stick to your guns.
Right now I'm toying with the idea of betting on BoE inflationary pressures which means will not have a 25bps at their next meeting and this is due to the better than expected PPI and CPI numbers earlier this week. Markets have been pricing in a rate cut, so perhaps a long play could work (I see technical reasons why a long could work too). The only negative numbers this week were the RICS report. Hmmmm.....or could this be Mr. Grear poking his head out of the closet. Fear of missing a move.
Right now I'm toying with the idea of betting on BoE inflationary pressures which means will not have a 25bps at their next meeting and this is due to the better than expected PPI and CPI numbers earlier this week. Markets have been pricing in a rate cut, so perhaps a long play could work (I see technical reasons why a long could work too). The only negative numbers this week were the RICS report. Hmmmm.....or could this be Mr. Grear poking his head out of the closet. Fear of missing a move.
"Wishful thinking dies hard." Igor T.
- #3,506
- Edited 3:39am May 14, 2008 3:27am | Edited 3:39am
I went long. Position used much smaller b/c essentially I'm betting on what will happen later, and I normally don't trade that way, and it's countertrend but I figure it's a small position so it's ok. I entered (1.9441) on velocity of the move up breaking resistance pivot. Let's see if the bet holds.
"Wishful thinking dies hard." Igor T.
- #3,508
- May 14, 2008 3:54am May 14, 2008 3:54am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
As long as swing fibb holds the intrday targets have a good chance of being accomplish for the day ...if you look at the swing fibb t1 it matches up with our intraday takets...
- #3,510
- May 14, 2008 4:13am May 14, 2008 4:13am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
As long as swing level holds price should easily go and hit its intrday target for the day...
- #3,513
- May 14, 2008 4:40am May 14, 2008 4:40am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Just hit small swing target .....
- #3,514
- May 14, 2008 4:45am May 14, 2008 4:45am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
looking if price whant to hit its intraday targets...if price closes below 5427 it will be nice since you dont whant to get the buying pressure from the 4 hour candle close above the support pivot...
also if price gives me a nice bearish candle next hour then it would begood to short to the intraday t1....
also if price gives me a nice bearish candle next hour then it would begood to short to the intraday t1....
- #3,516
- May 14, 2008 5:08am May 14, 2008 5:08am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
waiting to see the close of this candle...looking for a good short trade...like the fact our 4 hour canlde close below our support pivot...odd are it should hit our intraday t1 for today...
