Hi Dan,
I am thinking sell E/G fib 50% retrace around 0.8600
what do you think?
The crazzy one
I am thinking sell E/G fib 50% retrace around 0.8600
what do you think?
The crazzy one
- #1,223
- May 14, 2010 3:15am May 14, 2010 3:15am
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
- #1,224
- May 14, 2010 10:27am May 14, 2010 10:27am
i got kicked out at BE yesterday, i was thinking of re-entry earlier on today, but don't like the price action now, it looks as though its heading north
its better to stay out! i think
Re-entered on AU at 8800
- #1,226
- May 14, 2010 11:47am May 14, 2010 11:47am
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
Re-entered on AU at 8800
- #1,227
- May 14, 2010 12:03pm May 14, 2010 12:03pm
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
Looks like I should have kept my AU shorts for a little while longer! Oh well! So long as the southbound Euro train keeps paying out I am happy! 
Funny note about G/U (for coolshades) on the day after Cameron was crowned the new king, commentators were talking how the pound had responded positively and bounced up over the 1.5000 mark... they failed to mention that it later tanked another 500 points!
I think the market knows something that they don't! Unfortunately I think it knows that we have another socialist/left wing lot in who are probably going to continue ruining the country! I hope I'm wrong but it would seem Cameron has already gone back on his promise to repeal Labours' "tax on jobs".
I think that they must have to take a course on how to p*** off the electorate before being allowed to stand as an MP! Oh and don't get me started on the possibility of raising Capital Gains Tax from 18% to 40 or 50%!!!!
Regards,
Dan
Funny note about G/U (for coolshades) on the day after Cameron was crowned the new king, commentators were talking how the pound had responded positively and bounced up over the 1.5000 mark... they failed to mention that it later tanked another 500 points!
I think the market knows something that they don't! Unfortunately I think it knows that we have another socialist/left wing lot in who are probably going to continue ruining the country! I hope I'm wrong but it would seem Cameron has already gone back on his promise to repeal Labours' "tax on jobs".
I think that they must have to take a course on how to p*** off the electorate before being allowed to stand as an MP! Oh and don't get me started on the possibility of raising Capital Gains Tax from 18% to 40 or 50%!!!!
Regards,
Dan
- #1,228
- May 14, 2010 1:32pm May 14, 2010 1:32pm
- | Joined Nov 2006 | Status: very junior member | 1,576 Posts
commander sir,
i exited my euros at 2450, however momma shades didnt raise no stupido. no sirree, well aided with timely whacks to the bottom, which i am sure cleggaron will outlaw, she did try to instil some common sense in me. so, have some longs on usdchf.
on a serious note, this really is not the way i want to make money. i hope the eurozone sorts itself out otherwise we are heading for disaster on a scale that will make the current recession look like a nothing event.
agree about cameron. the twosome look so wholesome that they make me sick. grinning like cheshire cats.
i exited my euros at 2450, however momma shades didnt raise no stupido. no sirree, well aided with timely whacks to the bottom, which i am sure cleggaron will outlaw, she did try to instil some common sense in me. so, have some longs on usdchf.
on a serious note, this really is not the way i want to make money. i hope the eurozone sorts itself out otherwise we are heading for disaster on a scale that will make the current recession look like a nothing event.
agree about cameron. the twosome look so wholesome that they make me sick. grinning like cheshire cats.
Looks like I should have kept my AU shorts for a little while longer! Oh well! So long as the southbound Euro train keeps paying out I am happy!
Funny note about G/U (for coolshades) on the day after Cameron was crowned the new king, commentators were talking how the pound had responded positively and bounced up over the 1.5000 mark... they failed to mention that it later tanked another 500 points!
I think the market knows something that they don't! Unfortunately I...
- #1,230
- May 14, 2010 10:00pm May 14, 2010 10:00pm
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.
- #1,232
- May 15, 2010 4:39am May 15, 2010 4:39am
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
- #1,233
- May 15, 2010 4:44am May 15, 2010 4:44am
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
Hi DanUK
I found that your fibo is based on daily chart.
May I know your stop loss and trailing stop is still 100pips for E/U, G/U and A/U?
Thank you very much
That's right... all my analysis (trendlines, fib retracements, support and resistance etc) is done on daily+ timeframes.
I am not currently using the 100 pip stop as my daily strategy requires a bigger stop in order to give my trades more breathing room... the idea being that I will be holding positions much much longer than before. For example I am still holding E/U shorts from 1.4500. I tend to keep my stops beyond support/resistance levels and swing highs (or lows in an uptrend) in order to hold my trades for longer.
Regards,
Dan
- #1,234
- May 15, 2010 4:45am May 15, 2010 4:45am
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
- #1,238
- May 17, 2010 11:55am May 17, 2010 11:55am
- | Joined Nov 2006 | Status: very junior member | 1,576 Posts
