AUDUSD
Cheers
Foggytrader
- #230
- Jan 29, 2010 12:58am Jan 29, 2010 12:58am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
Hello again Foggy,
How do you get the partial lines and text on the right side of the charts you post? Is that done in metatrader or something else. Thanks.
DJ
The lines on the chart are just standard fibonacci levels but I just change the text and move it out of the way. If you go to post number 196 of the BAT thread you will see the fibonacci levels I use for my BAT analysis.
Cheers
Foggytrader
- #231
- Jan 29, 2010 6:53am Jan 29, 2010 6:53am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
GBPJPY
I have been busy all morning so have made no trades today. I just wanted to highlight some developments in GBPJPY. After removing the daily thurst support at 145.84 last night we have made a retest of this level and the failure is thus far in place. There was an earlier signal to short on the 15 minute timeframe but as I see the stop was around 60 pips. Just to point out another aspect of multi-timeframe analysis here. For example, should a TDF setup complete on one of the higher timeframes and the risk is too high there is usually an opportunity to enter on a lower timeframe thus reducing risk. As you can see from this mornings action in GBPJPY pictured below.
Cheers
Foggytrader
- #233
- Jan 29, 2010 11:46am Jan 29, 2010 11:46am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
Nice thread foggy, informative, easy to follow, i will be a regular follower from now on.
I`m learning vsa at the moment, it will be interesting to see how the 2 work together.
Gez
Thanks for the compliments, and I hope you can get some benefits from my method. Should you find nice setups at the same time as the VSA by all means post your entries and thoughts (but keep the chart clean, please). My method gives you a good low risk entry, so if you can use that along with the VSA idea I am sure you can make it a success. Just remember multi-timeframe analysis is key.
Cheers
Foggytrader
