Here's Cable, inverted, showing classic teapot formations right?
So Cable higher (lower on this chart of course...)
So Cable higher (lower on this chart of course...)
Attached Image (click to enlarge)
Nearly Naked (Simple Trades)
- #11,544
- Feb 11, 2013 8:55pm Feb 11, 2013 8:55pm
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
- #11,545
- Feb 11, 2013 9:08pm Feb 11, 2013 9:08pm
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
Here's Cable, inverted, showing classic teapot formations right?
So Cable higher (lower on this chart of course...)
Here is my view on your chart
- #11,547
- Feb 11, 2013 9:19pm Feb 11, 2013 9:19pm
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
Check out 1.022 too. It is LT Fib. You can pull it up on your daily chart. You might find a solid bounce on it at H4 or H1 frame. It's close to your 1.02. Daily usually pushed through it though, but if you are trading shorter frame, you could get some from it.
yup, there's sort of a support zone in the 1.018-1.022 area, I'll normally wait for PA for entry when it gets there.. H4 is the smallest timeframe for me and I usually keep to the daily, less reward but less time on the charts too..
Know Your Trading Edge and Trade It
- #11,549
- Feb 11, 2013 9:23pm Feb 11, 2013 9:23pm
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
cheers mate, I'm assuming you're talking about 50% Fib drawn from Feb -Jun 2012?
yup, there's sort of a support zone in the 1.018-1.022 area, I'll normally wait for PA for entry when it gets there.. H4 is the smallest timeframe for me and I usually keep to the daily, less reward but less time on the charts too..
- #11,552
- Feb 12, 2013 12:08pm Feb 12, 2013 12:08pm
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
- #11,553
- Feb 12, 2013 12:28pm Feb 12, 2013 12:28pm
- | Joined Feb 2010 | Status: Trader | 1,032 Posts
AU played out nice and broke the wedge. Added another limit. I panned out on H1 so you can see where my entry, stops and tps are.
Also, we might get a good break/retest on the wedge, so keep that in mind too
- #11,554
- Feb 13, 2013 4:56am Feb 13, 2013 4:56am
- Joined Feb 2008 | Status: Trader | 6,736 Posts
Hey Saxon...A few things
1) Nice catch on the Aussie, not only the fib level but weekly support was mighty tuff at that level.
2) Can you explain your signature in the nicest way possible?
3) I noticed on your website you seem to be well educated and qualified in economics, finance and something else taht escapes me just at this minute... My only question is... I have only ever seen you talking about technical analysis in your trading calls. Does the educational stuff make any impact on your decisions? and if so; how much? Or is it more for personal development.
Thanks in advance.
1) Nice catch on the Aussie, not only the fib level but weekly support was mighty tuff at that level.
2) Can you explain your signature in the nicest way possible?
3) I noticed on your website you seem to be well educated and qualified in economics, finance and something else taht escapes me just at this minute... My only question is... I have only ever seen you talking about technical analysis in your trading calls. Does the educational stuff make any impact on your decisions? and if so; how much? Or is it more for personal development.
Thanks in advance.
Time hides Nothing
- #11,555
- Edited 8:59am Feb 13, 2013 8:38am | Edited 8:59am
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
Hey Saxon...A few things
1) Nice catch on the Aussie, not only the fib level but weekly support was mighty tuff at that level.
2) Can you explain your signature in the nicest way possible?
3) I noticed on your website you seem to be well educated and qualified in economics, finance and something else taht escapes me just at this minute... My only question is... I have only ever seen you talking about technical analysis in your trading calls. Does the educational stuff make any impact on your decisions? and if so; how much? Or is it more...
If by signature you mean that quote at the bottom of my posts, it is just a Hunter S Thompson quote from Fear and Loathing in Las Vegas.
A lot of the formal education was more for personal development but the higher up I got in it the more it started to play into my trading. I only post my econ opinion from time to time as it is really time consuming to explain and very time consuming to analyze (daisy chain of impacts). A lot of my trading and FX experience I got on the job. The stuff you learn in school has to be discounted in the real world as school analysis is really in a vaccum. You hear the term, "considering all else equal, unchanged, constant" a lot in school, which doesn't apply in reality.
I can throw some of my econ analysis more often, I just didn't know if anyone wanted it.
- #11,556
- Feb 13, 2013 11:38am Feb 13, 2013 11:38am
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
- #11,558
- Feb 13, 2013 11:49am Feb 13, 2013 11:49am
- | Joined Feb 2010 | Status: Trader | 1,032 Posts
Really, you have got to be kidding me :0
I swear I missed entry by half a pip !!!!!!!!
- #11,559
- Feb 13, 2013 12:30pm Feb 13, 2013 12:30pm
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
I'm still waiting for it to come down to 1.550...
