closed the trade with a little profit and now waiting for the breakthe time will tell in which direction it will go... patience
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That which does not kill me, makes me stronger.
james16 Chart Thread
- #51,662
- Jan 15, 2010 7:28am Jan 15, 2010 7:28am
I'm trying to use fib extensions for places to move stops behind to, surprisingly if what I draw is correct, some are aligned with minor ppzs.
I'm not going to trade this, but it is with the trend, just watching and adding more screen time.
This is my approach on the fibos. I draw a triangle from swings high and low.
Check out the chart.
From previous swing high, draw from low of the swing start to the high of the swing.
Then a 2nd fibo on the swing Low, draw from high of the swing start to the low of the swing.
If the stars align we can get a confluence on a RN, another fibo level, PPZ, 150/365 EMAs, and/or some PA in order to “read” the chart.
That which does not kill me, makes me stronger.
- #51,665
- Jan 15, 2010 8:00am Jan 15, 2010 8:00am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
Give it your best shot Trig.
cause you got some serious competition here.
Good Luck.
seems that .4700 is history, although there was a real fight there between the bulls and the bears.The bears haven't giving any chanse to go that up and they clearly say it what will going to happen this year
4580 whould be the high of this year, maybe
wish you the best!
well its past now, waitin for some other good oportuinites Hi All,
I am sure you saw this already. How about a pin presenting itself? Is this an area of good confluence?
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http://www.forexfactory.com/showpost...ostcount=51624 if he says its good then it must be 
- #51,671
- Jan 15, 2010 8:52am Jan 15, 2010 8:52am
seems that .4700 is history, although there was a real fight there between the bulls and the bears.The bears haven't giving any chanse to go that up and they clearly say it what will going to happen this year
4580 whould be the high of this year, maybe
wish you the best!
Couldn't agree more Triger....
That which does not kill me, makes me stronger.
- #51,674
- Jan 15, 2010 9:15am Jan 15, 2010 9:15am
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #51,675
- Jan 15, 2010 9:19am Jan 15, 2010 9:19am
1.0248 USD/CAD.. anyone else grab this nice opportunity? 1.02376 SL.
Nice bullish intraday TL.
You don't see them, but there are actually two fibos drawn from the up/down swings....
That which does not kill me, makes me stronger.
- #51,677
- Jan 15, 2010 9:36am Jan 15, 2010 9:36am
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
- #51,679
- Jan 15, 2010 9:45am Jan 15, 2010 9:45am
- | Joined Sep 2009 | Status: Making Money > Being "Right" | 1,811 Posts
Many choose unhappiness over uncertainty.
I like this better.... hunting for PA....
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You don't see them, but there are actually two fibos drawn from the up/down swings....
You got to know when to hold them, and know when to fold them.