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  • #358,441
  • Jan 5, 2011 1:39am Jan 5, 2011 1:39am
Quoting T@rantula
Im short....Ill post the chart in a minute
Here. Targets between 3220-3200.



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  • #358,442
  • Jan 5, 2011 1:42am Jan 5, 2011 1:42am
Quoting T@rantula
Here. Targets between 3220-3200.



Attachment
okay. My expectations are also down
Good luck.
  • #358,443
  • Jan 5, 2011 1:46am Jan 5, 2011 1:46am
Quoting soulfly
Hi,
Can you please explain why this is so importent?
And maybe we should take this in the cable thread?

thanks
Just draw a horizontal like and that level and see how price has reacted whenever it hit that level. I guess you are new. Good luck trading!
  • #358,444
  • Jan 5, 2011 1:47am Jan 5, 2011 1:47am
Quoting PayTheLimit
nice work if you can get it, the wife will be happy...lol
Nothing like a quick buck twenty before a fella turns in for the night...

Later Dude!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #358,445
  • Jan 5, 2011 1:47am Jan 5, 2011 1:47am
Quoting PayTheLimit
pretty much same one I'm using, I had 3273 yesterday, but it was put to bed, thanks for the reply...
There is some wood to chop to go lower IMO. From 3248-3275, still in play. I'm still bearish, but we might have to wait a while. Let's see.

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  • #358,446
  • Jan 5, 2011 1:49am Jan 5, 2011 1:49am
Quoting ukdaytrader
There is some wood to chop to go lower IMO. From 3248-3275, still in play. I'm still bearish, but we might have to wait a while. Let's see.

Attachment
agreed, important area, dont expect we waltz right through either, where do you turn bullish?
Look Sharp/Trade Tight
  • #358,447
  • Jan 5, 2011 1:51am Jan 5, 2011 1:51am
Quoting PayTheLimit
agreed, important area, dont expect we waltz right through either, where do you turn bullish?
Haven't thought about bullish scenario tbh, but above 3330 would have me thinking about it. (as a scalp/daytrade)
  • #358,448
  • Jan 5, 2011 1:55am Jan 5, 2011 1:55am
Quoting ukdaytrader
Haven't thought about bullish scenario tbh, but above 3330 would have me thinking about it. (as a scalp/daytrade)
LO soon. let's wait
  • #358,449
  • Jan 5, 2011 1:55am Jan 5, 2011 1:55am
Can anyone tell me how to use the fibonacci,
on how it will retrace, where is my entery point should be, because I have been trying to figer it out how to do it but I couldn't..
  • #358,450
  • Jan 5, 2011 1:56am Jan 5, 2011 1:56am
Quoting ukdaytrader
Haven't thought about bullish scenario tbh, but above 3330 would have me thinking about it. (as a scalp/daytrade)
understood, for me its 3379, as of right now, could change as the day wears on...looks like some more support forming at 3268, so I'll add that to the list...
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Look Sharp/Trade Tight
  • #358,451
  • Jan 5, 2011 1:57am Jan 5, 2011 1:57am
Quoting PayTheLimit
agreed, important area, dont expect we waltz right through either, where do you turn bullish?
Be like this PTL...

And check out Candle formation @ link.
http://www.forexfactory.com/showthre...82#post4287182
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #358,452
  • Jan 5, 2011 1:59am Jan 5, 2011 1:59am
Quoting Magix
Be like this PTL...

And check out Candle formation @ link.
http://www.forexfactory.com/showthre...82#post4287182



right, I'll keep an eye out, thnx brother...
Look Sharp/Trade Tight
  • #358,453
  • Jan 5, 2011 2:01am Jan 5, 2011 2:01am
looks like london had some to sell...lol
Look Sharp/Trade Tight
  • #358,454
  • Jan 5, 2011 2:06am Jan 5, 2011 2:06am
Quoting PayTheLimit
looks like london had some to sell...lol
London Session is Cloggies Playground...

Wussies like me smash n grab and go to bed before the real traders come out to play...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #358,455
  • Jan 5, 2011 2:07am Jan 5, 2011 2:07am
Quoting alfalasi
Can anyone tell me how to use the fibonacci,
on how it will retrace, where is my entery point should be, because I have been trying to figer it out how to do it but I couldn't..

Have a look at babypips.com... I think it's the easiest way to understand how it works, it's very subjective, as most of the indicators here... but give it a try and compare against the graphs other people share.

regards,

Rod
  • #358,456
  • Jan 5, 2011 2:08am Jan 5, 2011 2:08am
Quoting Magix
London Session is Cloggies Playground...

Wussies like me smash n grab and go to bed before the real traders come out to play...


lol, dont sell yer self short...
Look Sharp/Trade Tight
  • #358,457
  • Jan 5, 2011 2:12am Jan 5, 2011 2:12am
Quoting alfalasi
Can anyone tell me how to use the fibonacci,
on how it will retrace, where is my entery point should be, because I have been trying to figer it out how to do it but I couldn't..
Try going back on your charts and put it on different moves that have already happened. See where the price reacts off the different levels. Do this on different time frames also. After you do this 1000 times you will start to see how price acts at different levels.

I wouldn't take a trade based on a fib level alone. You need to see some sort of confirmation from the the candles at least.
  • #358,458
  • Jan 5, 2011 2:15am Jan 5, 2011 2:15am
double bottom?? scalping for long..
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  • #358,459
  • Jan 5, 2011 2:16am Jan 5, 2011 2:16am
Quoting gatorinla
68 would of been better. but its all the same. M time? then new low? 3248 +
probably not finished.. but we got it.. the chart has missed by a couple of pips. in my experience the pair wants its pip, and will return and get it. even if it turns around after getting its one pip. and heads north.. north is doubtful, but we usually bounce after completion + slip. . not quite a M, but it was meant as a dt.. we had a tt
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those who can, do. those who cant, talk about those who can
  • #358,460
  • Jan 5, 2011 2:24am Jan 5, 2011 2:24am
Quoting alfalasi
Can anyone tell me how to use the fibonacci,
on how it will retrace, where is my entery point should be, because I have been trying to figer it out how to do it but I couldn't..
I will help you out.

When using fibo retracement tool, always draw from the bottom to the tip of the last swing ( in uptrend) or from the tip to the bottom (in downtrend).

Dont pick the small swing, try to pick the bigger one. I will show you in a chart.

Remember thou that FIB RETRACEMENT works ONLY in trending conditions.
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