I have been watching the retracement pivot all morning, so far it seems to be holding.
I'm not thrilled with the price still hovering around the intraday low.
Thoughts?
Ron.
Ignored
At this point Im looking to sell this rally going on now, for another test of the lows. We may have to wait until Frankfurt/London if the rally continues late into the US session. Very nice short trade from London session last night though, would like to sell the rally here and get some more and continuation short.
At this point Im looking to sell this rally going on now, for another test of the lows. We may have to wait until Frankfurt/London if the rally continues late into the US session. Very nice short trade from London session last night though, would like to sell the rally here and get some more and continuation short.
Ignored
Dear bobokus:
How do you know it will test the low , not to test the pivot or long..
regards
At this point Im looking to sell this rally going on now, for another test of the lows. We may have to wait until Frankfurt/London if the rally continues late into the US session. Very nice short trade from London session last night though, would like to sell the rally here and get some more and continuation short.
Ignored
Bo I was looking at taking the same short at intraday pivot levels and especially at the 2nd attempt at intraday pivot at the 1.9680 level. I decided not to b/c it was around 6 PM EST when the 2nd attempt came...obviously no volume at that time.
Just want insight into how you view the market. This could've been a very valid set-up with price opening outside of intraday short, but what's your train of thought regarding opening positions during dead times versus waiting for london session on this pair (or even this specific trade)?
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Joined Oct 2007
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Status: Doctor candidate
|186 Posts
Dear Bobokus:
Please help me to analize the market, i lost money during the period as shown in the picture. i made long at 1.9641, but the price make a big down, it hit me out. so how to treat this market.when will the consolidation cames.
regards
Dear Bobokus:
Please help me to analize the market, i lost money during the period as shown in the picture. i made long at 1.9641, but the price make a big down, it hit me out. so how to treat this market.when will the consolidation cames.
regards
Ignored
Maybe I can assist z. Going long in that trade was countertrend. The ideal time to be long would've been yesterday morning playing the breaks of the highs back to intraday fib levels. Price had reached it's T2 and was stalling for a few hours, so IMO it would've been a valid play back to intraday fibs.
Last night price tested the intraday pivot, went down to the swing lows but was unable to break it. Based on the current environment this means 2 things to me. Either we're setting up for a range between 1.9680 and 1.9600, or there will be a full reversal to intraday target of 1.9830 (in this 2nd case it's better to wait for an opening of a candle outside of intraday long at 1.9700).
Bo I was looking at taking the same short at intraday pivot levels and especially at the 2nd attempt at intraday pivot at the 1.9680 level. I decided not to b/c it was around 6 PM EST when the 2nd attempt came...obviously no volume at that time.
Just want insight into how you view the market. This could've been a very valid set-up with price opening outside of intraday short, but what's your train of thought regarding opening positions during dead times versus waiting for london session on this pair (or even this specific trade)?
Ignored
It still apears to me shorts are the way to go, today doesnt look like much of the big money has been thown at Cable,looks like the Euro was the pair in play so far. May get some more thown at Cable later once the US session opens. For the most part its just best to stay away from the asian session. If a trade developes its rare thats its enough volume to actually get a break in either direction.Just wait for the next setup. Cable has been in roughly a 75 pip range with the daily open the center point of this.. very rangy looking so far. Taking an entry durig the asain session you always have to assume that stop loss hunting will arise once the frankfurt session opens so its always a scalp to me if I enter during the asian session. The signal is valid, just be in a scalp mode until the momemtum picks up from the London session.
Dear Bobokus:
Please help me to analize the market, i lost money during the period as shown in the picture. i made long at 1.9641, but the price make a big down, it hit me out. so how to treat this market.when will the consolidation cames.
regards
Ignored
Your trading against the hourly trend which was down, you would want to wait, to see the reaction of price once it reaches the Intraday levels, it never really gave an indication you wanted to take a long position until candle highs were broken before the low was tested once price was rejected from the Intraday levels..even then its counter trend to the hourly. You sell rally's unlesss the long level is broken...buy dips unless the short level is broken. When its indesisive just stay away from it.
Maybe I can assist z. Going long in that trade was countertrend. The ideal time to be long would've been yesterday morning playing the breaks of the highs back to intraday fib levels. Price had reached it's T2 and was stalling for a few hours, so IMO it would've been a valid play back to intraday fibs.
Last night price tested the intraday pivot, went down to the swing lows but was unable to break it. Based on the current environment this means 2 things to me. Either we're setting up for a range between 1.9680 and 1.9600, or there will be a full reversal to intraday target of 1.9830 (in this 2nd case it's better to wait for an opening of a candle outside of intraday long at 1.9700).
Ignored
LOL you beat me to it. But your correct in your analysis.
It still apears to me shorts are the way to go, today doesnt look like much of the big money has been thown at Cable,looks like the Euro was the pair in play so far. May get some more thown at Cable later once the US session opens. For the most part its just best to stay away from the asian session. If a trade developes its rare thats its enough volume to actually get a break in either direction.Just wait for the next setup. Cable has been in roughly a 75 pip range with the daily open the center point of this.. very rangy looking so far. Taking an entry durig the asain session you always have to assume that stop loss hunting will arise once the frankfurt session opens so its always a scalp to me if I enter during the asian session. The signal is valid, just be in a scalp mode until the momemtum picks up from the London session.
Fibonacci Trading with Bobokus
