xxxusd still in freefall, presumably a bounce will occur sometime? Audusd is looking like a classic fib trade at the moment.
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DislikedNope, if it pulls back smoothly I'm looking to add to a short. Take a look at a daily chart, zoom it out a little and put a fib on the last major move down. Could be wrong.Ignored
DislikedHugh - having looked at the daily what would be your take on this break of the 38 Fibo. Is it something you would trade or rather drop down to a lower time frame?Ignored
DislikedSimilar potential set up to EUJP
If set up occurs on both see which one offers best R/R
Again any comments - am I missing anything obvious that would prevent this trade if it did set up?Ignored
DislikedHugh
You have demonstrated great generosity and not a trace of "hubris" in sight! Lol! Really appreciate this and wish prosperity for you and yours....Ignored
DislikedTurboguru,
I observed your Fibo Drawings. I've come to understand that you draw your fibs based on broader perspective. The Pending EU (now trigerred) and GU trades confirm my observation.
Please, did you widen the fib areas of interest now to accommodate the spikes of yesterday (USD Bullish run) or have been using this broader perspective for your previous fibs and trades.
Kindly enlighten me and also help me know your performance rating with the broader Fib drawings in line with the rules of this thread.
I can see a lot sense in your...Ignored
Dislikedawesome thread, been lurking for about a week now and have made many pips using this method, highly recommended to anyone thinking about trying this. Keep the updates coming!Ignored
DislikedFunny isn't it - if I had not seen my charts today my automatic orders would have both been filled on GBPJPY!
Psychologically I wanted to reduce my risk because I was Long JPY on 2 pairs and got nervous.
There was nothing on the charts to indicate I should really change my overall outlook from the initial trade set up. There was room on the daily for this to move. So why did I do it? Same reason as always - my emotions got in the way.
We have to accept this is part of trading and move on. I just thought I would share that the system can work if...Ignored