EU - interesting.. 50fibo held so far..does it hold channel too..will see.. {image}
Whatever is obvious is obviously wrong!"
- #60,741
- Oct 9, 2013 3:30am Oct 9, 2013 3:30am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
- #60,742
- Edited 4:07am Oct 9, 2013 3:38am | Edited 4:07am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Right on Sir.. it is such an honour to have u here.. Sonic {image}
- #60,743
- Oct 9, 2013 3:38am Oct 9, 2013 3:38am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
eurgbp long {image}{image}
- #60,744
- Oct 9, 2013 3:50am Oct 9, 2013 3:50am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
A frustrating morning waiting for a 3 dragons entry on GU and EU that never materialised post LO. I was too late for Frankies hour. I need to cover FO, LO and NYO to be sure to get a good catch consistently. However discipline is important. Don't rush in. They will come. The only valid 3 Dragons I saw was in UJ for a measly 6 pips (x2 lots). Now we are in to Euro coffee break - probability of a good run is therefore lower so I tend to sit and watch unless there is major news/move under way.
Just to comment on the GU action and lessons learnt, there was a valid 3 dragons entry in Frankies hour which moved nearly 30 pips. Islander previuosly commented that you often see LO pulling back in to Frankies Hour zone and then resuming the trend. That is exactly what happened here. All three dragons were aligned, a decent pull back to resistance level, and trend resumed. A number of potential entries but quite advanced technically and although I considered it discretion got the better of me. No regrets. Better to be out and wishing you were in than in and wishing you were out but one to consider in the future.
Just to comment on the GU action and lessons learnt, there was a valid 3 dragons entry in Frankies hour which moved nearly 30 pips. Islander previuosly commented that you often see LO pulling back in to Frankies Hour zone and then resuming the trend. That is exactly what happened here. All three dragons were aligned, a decent pull back to resistance level, and trend resumed. A number of potential entries but quite advanced technically and although I considered it discretion got the better of me. No regrets. Better to be out and wishing you were in than in and wishing you were out but one to consider in the future.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #60,750
- Oct 9, 2013 6:27am Oct 9, 2013 6:27am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #60,753
- Oct 9, 2013 6:47am Oct 9, 2013 6:47am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} loeil, can you please post the S&R indicator that you use?
S&R indicator?
Whatever is obvious is obviously wrong!"
- #60,755
- Oct 9, 2013 7:20am Oct 9, 2013 7:20am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} Supply/Demand ilmselt siis. Midagi sellist: {file}
{quote} loeil, can you please post the S&R indicator that you use?
Post # 60130 and post #60115
Whatever is obvious is obviously wrong!"
- #60,756
- Oct 9, 2013 8:11am Oct 9, 2013 8:11am
- | Commercial User | Joined Mar 2008 | 9,071 Posts | Online Now
- #60,760
- Oct 9, 2013 9:22am Oct 9, 2013 9:22am
{quote} Hi, Sorry for my ignorance, what does it mean "Double Top Formation"?
The pattern is explained here: http://www.investopedia.com/articles.../05/032805.asp
But I would really recommend to you reading and going through the BabyPips School:
http://www.babypips.com/school
(Double Tops are explained in "Middle School")
Steve