But I am also looking at 1.4400-20 with an old TL as a bounce to 45 before continuing down... Yes i know my lines are pink....my wife likes them. . . . get off my back.....
http://i35.tinypic.com/2ufzsdh.jpg
http://i35.tinypic.com/2ufzsdh.jpg
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DislikedBRV,
Following on from your U/F sell area of 1.1050-60...
I've attached a chart with an inner-Fib drawn... the 61.8% retracement level of this Fib lines up, to the pip, with the 50.0% retracement level of your original Fib...
Would you consider this to hold any weight, or is this area strong enough for a bounce that you wouldn't consider it to make much difference?
MagnusIgnored
DislikedHi everyone,
I like that 1.1135-1.1142 sell zone for another reason as well in that it lines up better with the E/U trade since they are so closely correlated.
Just a thought.
Good trading!
BTW - Love the thread.Ignored
DislikedIf we get any news of the bailout this weekend we might see a big gap in price. There might be opportunities to go long or short on them in the direction of the gap when the market opens on Sunday, with a fade shortly thereafter - sort of like what happened here:
laters,Ignored
DislikedAs BRV mentioned on Friday this could well be happening now on the Euro ... I just went long @1.4328Ignored
DislikedI'm not sure about EU.. On GU the bucket is clearly there. Even if it falls further, it was good for a couple dozen pips.
By the way AUDUSD h1 around former resistance of 0.8140 and GBPCHF fighting with 1.9900.Ignored
DislikedBRV, what is NY fix, London fix? Searched the thread but still dunno.
ThankxIgnored
DislikedAnytime you hear the word "fix" it means that price action in one session will reverse the price action in the previous session, basically. NY will "fix" (reverse) the movement of price in the London session.Ignored
DislikedA fix is a point in time when the reference price for the day is set. There are various fix hours during the day, in fx most notably per session, and due to the official status of the fix rates/prices some market participants (for example on behalf of clients wanting to buy/sell at the fix rate) time their transactions to the fix time - which is why you can see some crazy action around those times. Often good fading opportunities. And if you have info about planned transactions beforehand you can even catch a ride both ways.Ignored