DislikedCould be. If we get a bounce at the 38.2 fib (1.298) we could see as low as 1.289. My TP is at 1.291Ignored
Time turns trend. - W.D. Gann
- #712,961
- Oct 31, 2012 7:37pm Oct 31, 2012 7:37pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #712,962
- Oct 31, 2012 7:54pm Oct 31, 2012 7:54pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Good target area. Thinking of shorting it up there, too. GL.
Even the worst trade can close with profit. Just give it time.
- #712,963
- Oct 31, 2012 7:56pm Oct 31, 2012 7:56pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Even the worst trade can close with profit. Just give it time.
- #712,965
- Oct 31, 2012 8:02pm Oct 31, 2012 8:02pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Hi all,
This is what I am trading for the next few hours.
A Head and Shoulders pattern. Basically I expect price to bounce off my 38.2 fib level, which is 1.298, which is at the same height as the left shoulder.
I then expect price to fall by the amount it rose, i.e. back down to 1.2900.
Here is a good description if you don't quite understand how it works
http://www.babypips.com/school/head-and-shoulders.html
Jonathan
This is what I am trading for the next few hours.
A Head and Shoulders pattern. Basically I expect price to bounce off my 38.2 fib level, which is 1.298, which is at the same height as the left shoulder.
I then expect price to fall by the amount it rose, i.e. back down to 1.2900.
Here is a good description if you don't quite understand how it works
http://www.babypips.com/school/head-and-shoulders.html
Jonathan
Even the worst trade can close with profit. Just give it time.
- #712,966
- Edited 8:28pm Oct 31, 2012 8:02pm | Edited 8:28pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #712,967
- Oct 31, 2012 8:19pm Oct 31, 2012 8:19pm
Hi all,
This is what I am trading for the next few hours.
A Head and Shoulders pattern. Basically I expect price to bounce off my 38.2 fib level, which is 1.298, which is at the same height as the left shoulder.
I then expect price to fall by the amount it rose, i.e. back down to 1.2900.
Here is a good description if you don't quite understand how it works
http://www.babypips.com/school/head-and-shoulders.html
Jonathan
- #712,969
- Oct 31, 2012 8:34pm Oct 31, 2012 8:34pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #712,970
- Oct 31, 2012 8:56pm Oct 31, 2012 8:56pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #712,973
- Oct 31, 2012 9:02pm Oct 31, 2012 9:02pm
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
Early to bed, early to rise, keeps you healthy, wealthy and wise.
