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Medici trades the London open

  • #181
  • Dec 22, 2009 11:21pm Dec 22, 2009 11:21pm
Euro at 38.2 fibo range from yesterday.
  • #182
  • Dec 22, 2009 11:24pm Dec 22, 2009 11:24pm
TP1: cable 5963
  • #183
  • Dec 22, 2009 11:24pm Dec 22, 2009 11:24pm
Quoting okrutny
When you write price, is the price you took transaction not the pice where the bid was, right?
With your variable spread broker, that shouldn't matter much, no? ;-)

But to answer your question, I use the price on my charts, i.e. the bid price, as what the spread happens to be at the time of entry matters less.
  • #184
  • Dec 22, 2009 11:25pm Dec 22, 2009 11:25pm
Quoting okrutny
TP1: cable 5963
I've dumped cable because I don't like what I see.
  • #185
  • Dec 22, 2009 11:27pm Dec 22, 2009 11:27pm
Quoting okrutny
Euro at 38.2 fibo range from yesterday.
Good to keep track of, and the 50% line might be a good target, unless the daily pivot stops the traffic.
  • #186
  • Dec 22, 2009 11:27pm Dec 22, 2009 11:27pm
I'm not sure about this broker.. Ok, so will I why cable so starting slowly.?
  • #187
  • Dec 22, 2009 11:28pm Dec 22, 2009 11:28pm
Selling euro 4274 coincide with .5 fib retrace
  • #188
  • Dec 22, 2009 11:30pm Dec 22, 2009 11:30pm
Out for ~10 pips - lol that has to be cable's slowest Frankies Hour move this year....
Trading Levels with WRBs
  • #189
  • Dec 22, 2009 11:32pm Dec 22, 2009 11:32pm
€s now at its Daily Pivot with Swissy 4 pips above its DP....
Trading Levels with WRBs
  • #190
  • Dec 22, 2009 11:32pm Dec 22, 2009 11:32pm
Partial target for cable 5963?
  • #191
  • Dec 22, 2009 11:36pm Dec 22, 2009 11:36pm
Quoting okrutny
I'm not sure about this broker.. Ok, so will I why cable so starting slowly.?
Lot's of bad news about the economy, for example

http://www.dailymail.co.uk/money/art...recession.html

and there's lot more, including rumours that BoE will extend quantitative easing by £25B.
  • #192
  • Dec 22, 2009 11:37pm Dec 22, 2009 11:37pm
Quoting Islander
Out for ~10 pips - lol that has to be cable's slowest Frankies Hour move this year....
Took profit in Euro at 4266, so thankfully I can afford champagne this Christmas ;-)
  • #193
  • Dec 22, 2009 11:39pm Dec 22, 2009 11:39pm
bought euro 2x 4260-63..
  • #194
  • Dec 22, 2009 11:40pm Dec 22, 2009 11:40pm
Short € when it rejected its DP......I'm looking for cable to follow....
Trading Levels with WRBs
  • #195
  • Dec 22, 2009 11:44pm Dec 22, 2009 11:44pm
Quoting okrutny
bought euro 2x 4260-63..
I wouldn't buy so close to a potential resistance level - much better to see if the resistance turns into support.
  • #196
  • Dec 22, 2009 11:44pm Dec 22, 2009 11:44pm
Closed both for a few more pips so funds also available for tomorrow night's party finding pips today is like looking for hen's teeth....
Trading Levels with WRBs
  • #197
  • Dec 22, 2009 11:47pm Dec 22, 2009 11:47pm
Quoting okrutny
Partial target for cable 5963?
I had that as my TP - but closed manually when it stalled....its not a 10 - 15 pip FH.....more like a 5 - 10 pip one, after the spread.....but still that helps pay a few bills...http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #198
  • Dec 22, 2009 11:49pm Dec 22, 2009 11:49pm
4 long closed with total loss 15 pips ;( Why did I expect 4258 support, 4H pivot and 38.2 fibo euro to hold? And why you didn't?
  • #199
  • Dec 22, 2009 11:51pm Dec 22, 2009 11:51pm
Quoting Islander
Closed both for a few more pips so funds also available for tomorrow night's party finding pips today is like looking for hen's teeth....
That's good. This session is certainly no party. Hen's teeth...lol...I was thinking of cable having the direction of a headless chicken.
  • #200
  • Dec 22, 2009 11:53pm Dec 22, 2009 11:53pm
Yesterday turned out to be a good day to trade cable.....a 180 pip drop from that high in Frankies Hour and then a 38% retrace, so I was able to pick up more pips in the early NY session get to my higher daily quota.....
Trading Levels with WRBs
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