Hi Buonvangvn,
have that too as a fib expansion target 161.8% (zigzag projection) 3857
100% @ 3906
61.8% @3937
- #402,341
- Mar 8, 2011 2:40am Mar 8, 2011 2:40am
- | Membership Revoked | Joined May 2010 | 1,979 Posts
- #402,343
- Mar 8, 2011 2:45am Mar 8, 2011 2:45am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #402,344
- Mar 8, 2011 2:46am Mar 8, 2011 2:46am
- Joined Jun 2010 | Status: zero | 20,603 Posts
ptl old level still going for it
100 fib expansion of ABC
D S2
and
MMTL -1/8 @ hourly (p=32)
The whole downmove from the top may look at larger TF's like impulses, but on shorter TF's they are corrective. Unless price will form a leading diagonal down I think it is very probable that we will see another high.
Key level is 3988. If this level is broken to the upside "before" we can count "5 waves down" from the top, a new high seems to be a given.
- #402,347
- Mar 8, 2011 2:49am Mar 8, 2011 2:49am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #402,348
- Mar 8, 2011 2:49am Mar 8, 2011 2:49am
- Joined Aug 2007 | Status: Newbie | 1,332 Posts
just wanna play my support 3922.. took a long at 3922 with sl 17 pips.. target 3954 first
Gold Expedition Return This Year:
-16.4%
- #402,349
- Mar 8, 2011 2:50am Mar 8, 2011 2:50am
- Joined Jun 2010 | Status: zero | 20,603 Posts
I went in short at 1.3956 and 1.3951, here i just added another trade
My TP 1.3860
OK, I see. Good job so far. But one more question (if I might)?
What trigered your short @ 3956
Green pips to you, Markus
- #402,351
- Mar 8, 2011 2:53am Mar 8, 2011 2:53am
- Joined Jun 2010 | Status: zero | 20,603 Posts
Hi infinitus . You're happy because the word down?
LOL
Yes, definitely. Not because of Forex (here I do 80% scalping in both directions, thus playing both sides),
but I have a fairly large short position in stock markets which are all USD denominated.
:-)
- #402,352
- Mar 8, 2011 2:57am Mar 8, 2011 2:57am
- | Joined Aug 2010 | Status: Trader | 1,133 Posts
nice call
now i m looking 3939..touch then its mean it will have to touch 3954 and if it touch 3957 then revisit of 3990 possible.. just my views on it - #402,355
- Mar 8, 2011 3:02am Mar 8, 2011 3:02am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Don't be so sad....right now is the best entry r:r for longs and with the amount of longs still holding a small rejection of yesterday lows can trigger 1.40xx (and beyond to 1.405x) ..if they fail thats a different story but still time.... good luck
sisse
i got first small short at this h4's peak near 3955
now if i see closin below that 3920... will hold till at least 3890
90% of traders use TA, indicators and prediction
- #402,356
- Mar 8, 2011 3:04am Mar 8, 2011 3:04am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Sure it seems a valid option especially when London sell from the open in an uptrend. In my case, I am waiting to squeeze a better entry on the ECB conference bar.
sisse
and some in the 40's....
Look Sharp/Trade Tight
- #402,357
- Mar 8, 2011 3:05am Mar 8, 2011 3:05am
- Joined Aug 2007 | Status: Newbie | 1,332 Posts
yup
Gold Expedition Return This Year:
-16.4%
- #402,358
- Mar 8, 2011 3:06am Mar 8, 2011 3:06am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
K, what up brother....
Look Sharp/Trade Tight
- #402,359
- Mar 8, 2011 3:07am Mar 8, 2011 3:07am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
tks
i got first small short at this h4's peak near 3955
now if i see closin below that 3920... will hold till at least 3890
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
