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  • #2,721
  • Jun 7, 2010 7:19am Jun 7, 2010 7:19am
Quoting mrbandwidth
Short with TP 109.33 (23.60% fibo).

Do u think it could retrace down more?

I'm thinking it can retrace up more to a 61 fib. I got taken out at +1 so thinking we will retrace higher
  • #2,722
  • Jun 7, 2010 7:22am Jun 7, 2010 7:22am
Quoting turboguru
I'm thinking it can retrace up more to a 61 fib. I got taken out at +1 so thinking we will retrace higher
TP from my students is 110.88 we will see they took at price 109.73



Cheers
"Buy on fear, sell on greed !!!
  • #2,723
  • Jun 7, 2010 7:32am Jun 7, 2010 7:32am
taking some long. tp at 50% fib
  • #2,724
  • Jun 7, 2010 7:45am Jun 7, 2010 7:45am
EJ running into some resistance at 110.20. Im standing on the side after Friday sell off. No trading for me.
  • #2,725
  • Jun 7, 2010 7:46am Jun 7, 2010 7:46am
Opened Long from 109.50

PETER serbia hellow
A little beginner trader since 2006
  • #2,726
  • Jun 7, 2010 7:47am Jun 7, 2010 7:47am
Unfortunately I can't email you. I guess because I'm still a Junior Member.
Quoting Petar_Serbia
You are welcome supire i can give you book about Fibo trading

Practical Fibonacci Methods for Forex trading by Ken Marshall and Rob Moubray

just email me...


Cheers
  • #2,727
  • Jun 7, 2010 7:50am Jun 7, 2010 7:50am
guess the upmove is probably ended.. down we go?
Be a sniper not a jumper
  • #2,728
  • Jun 7, 2010 7:56am Jun 7, 2010 7:56am
Quoting sierra
guess the upmove is probably ended.. down we go?
My stochastics are suggesting that this down move may be about to end.
  • #2,729
  • Jun 7, 2010 8:01am Jun 7, 2010 8:01am
Quoting moonchild
My stochastics are suggesting that this down move may be about to end.
sorry i don't use stochs but imo the trend is still down and the recovery from 108s is just a correction before original trend resumption towards 103s... i'm looking for short entry and i see bearish div on 30m chart by using the rsi.

i might be wrong... and it always happen, hence just trust your chart..
Be a sniper not a jumper
  • #2,730
  • Edited 8:37am Jun 7, 2010 8:08am | Edited 8:37am
Quoting sierra
sorry i don't use stochs but imo the trend is still down and the recovery from 108s is just a correction before original trend resumption towards 103s... i'm looking for short entry and i see bearish div on 30m chart by using the rsi.

i might be wrong... and it always happen, hence just trust your chart..
Yes the basic trend down will resume but it is probably quite a bit premature to think in those terms. For the moment, this is a retracement and there are dips within the retracement. You will notice that the pair is moving up again and probably will until the 50 or 61.8. Those might be more appropriate spots to look to short again.
  • #2,731
  • Jun 7, 2010 8:09am Jun 7, 2010 8:09am
Quoting sierra
sorry i don't use stochs but imo the trend is still down and the recovery from 108s is just a correction before original trend resumption towards 103s... i'm looking for short entry and i see bearish div on 30m chart by using the rsi.

i might be wrong... and it always happen, hence just trust your chart..

I won't try the long and I like the shorts also but still think we will see atleast a 50/61 fib before we turn down.
  • #2,732
  • Jun 7, 2010 8:21am Jun 7, 2010 8:21am
WE will see guys on daily i have opened sell on EURJPY,EURUSD and GBPUSD but for this day my students took buy on eurjpy with TP at 110.88 SL 108.40 we will see










Cheers
"Buy on fear, sell on greed !!!
  • #2,733
  • Jun 7, 2010 8:36am Jun 7, 2010 8:36am
what do you think guys??
Attached Image (click to enlarge)
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  • #2,734
  • Jun 7, 2010 8:43am Jun 7, 2010 8:43am
Quoting mrbandwidth
Short with TP 109.33 (23.60% fibo).

Do u think it could retrace down more?
Closed at TP!
Use me as a contrarian indicator
  • #2,735
  • Jun 7, 2010 8:46am Jun 7, 2010 8:46am
Quoting mrbandwidth
Closed at TP!
Congratulation

My students just closed GBPUSD + 60 pips
"Buy on fear, sell on greed !!!
  • #2,736
  • Jun 7, 2010 8:53am Jun 7, 2010 8:53am
Quoting moonchild
Yes the basic trend down will resume but it is probably quite a bit premature to think in those terms. For the moment, this is a retracement and there are dips within the retracement. You will notice that the pair is moving up again and probably will until the 50 or 61.8. Those might be more appropriate spots to look to short again.
yes it might test 50 or 62... but it's possible to reverse once 38% reached.. i just based on my counting and yes probability up is still there but imo it's capped at 112.20
Be a sniper not a jumper
  • #2,737
  • Jun 7, 2010 8:55am Jun 7, 2010 8:55am
Quoting turboguru
I won't try the long and I like the shorts also but still think we will see atleast a 50/61 fib before we turn down.
lets the market show the probable move and don't anticipate... it's dangerous.
Be a sniper not a jumper
  • #2,738
  • Jun 7, 2010 9:13am Jun 7, 2010 9:13am
We back to track TP 110.88
"Buy on fear, sell on greed !!!
  • #2,739
  • Jun 7, 2010 9:21am Jun 7, 2010 9:21am
Quoting sierra
lets the market show the probable move and don't anticipate... it's dangerous.

Yes always let markets show but most fibs if they work for continuation will usually work within a couple of 15m bars this move stayed to long at this level thats why I see a possible 50/61 fib. Patiently waiting to see here.
  • #2,740
  • Jun 7, 2010 9:27am Jun 7, 2010 9:27am
Quoting turboguru
Yes always let markets show but most fibs if they work for continuation will usually work within a couple of 15m bars this move stayed to long at this level thats why I see a possible 50/61 fib. Patiently waiting to see here.
if it can go above 110.30 then 50% and 62% is possible. Looking for another short setup below 109.13.
Be a sniper not a jumper
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