So, two posts in and this is already proving to be very valuable for YOU and others with regard to the power of our trading psyche and the need to control our emotions.
Good job!
15 YEARS OF PASR ON FOREX FACTORY!
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DislikedAgreed, perspective is everything, I shorted a 1/2 lot back on 10/26 with the first ragged SS bar and got lucky today and they gave me the other half right in front of the high....now we sit on our hands and waitIgnored
QuoteDislikednow we sit on our hands and wait
DislikedThis is the best part.....it should be fun to see how it works out although I have some pretty good ideas for the pair if it should ask!
- The last swing low on the weekly is .8794
[list][*]I have a SR line @ .8833 done with a line chart that has been touched/respected about 7 times since 2006[*]If you look at the Fib retracements for this last entire weekly move from the low of .7166 on 10/5/08 to the high this week @ .9137 guess where the .382 retracement is.....drum roll please .8821[*]That gives us a trifecta target of...
Ignored
QuoteDislikedAs we discussed the other day, commodity currencies and especially double header ones have a nasty habit of throwing curve balls and hanging around their extremes to test our resolve.
Our more cautious readers will want to wait for a strong close below 0.9640 before getting out their wallets.
DislikedWe have the spearmint candles
Oh yes, I will
Oh no, you wont
Oh yes, I will
And the next line is .?Ignored
DislikedThanks Blackeagle, I assume you took those level out of Daily?
EDIT: One more question, you said the major leves you get them out of Weekly. Do you also pinpoint them on Daily afterwards? Thanks!Ignored
DislikedThis is the best part.....it should be fun to see how it works out although I have some pretty good ideas for the pair if it should ask!
- The last swing low on the weekly is .8794
[list][*]I have a SR line @ .8833 done with a line chart that has been touched/respected about 7 times since 2006[*]If you look at the Fib retracements for this last entire weekly move from the low of .7166 on 10/5/08 to the high this week @ .9137 guess where the .382 retracement is.....drum roll please .8821[*]That gives us a trifecta target of...
Ignored
QuoteDislikedIt's behind you!!!!!
Oh no it isn't!!!
Oh yes it is!!!!
Well it ain't on my chart. I just don't have these figures on mine. What have I done wrong?
a. Wrong pair
b. Wrong TF
c. Wrong Hangover
DislikedAll the above...wrong pair......AUD/CAD......SR is from wkly line chart
Now you will have good luck finding the numbers unless C. wrong hangover is too intense in which case you should take 2 aspirin and try again this afternoon
Many PipsIgnored
DislikedWith the right pair it all makes sense despite the hangover. Thanks for the guidance.Ignored