As said earlier, 1.6600 continued to provide strong resistance to the GU pair. Likely to re-test the 1.6530 sooner. {image}
Anyway , Time will tell.
Best of luck to you.
Hear the music before the song is over ...
Cable Update (GBPUSD)
- #395,121
- Aug 28, 2014 8:13am Aug 28, 2014 8:13am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Anyway , Time will tell.
Best of luck to you.
- #395,122
- Aug 28, 2014 8:14am Aug 28, 2014 8:14am
- Joined Jul 2013 | Status: Trader | 1,738 Posts
{quote} It's tricky. Question is will it retest it before or after it takes out your 1.6630 s/l. I'm of the opinion the latter to be the case. Anyway , Time will tell. Best of luck to you.
- #395,123
- Aug 28, 2014 8:15am Aug 28, 2014 8:15am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #395,124
- Aug 28, 2014 8:22am Aug 28, 2014 8:22am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #395,125
- Aug 28, 2014 8:24am Aug 28, 2014 8:24am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
{quote} Same to you.
Hear the music before the song is over ...
- #395,127
- Aug 28, 2014 8:53am Aug 28, 2014 8:53am
- Joined May 2014 | Status: From1toMillion | 9,468 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.
- #395,128
- Aug 28, 2014 9:01am Aug 28, 2014 9:01am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
Hi Scott ,I'm after advise on Dax ,lets say thats 61.8 retrace ,if it carried on and low went eventually depending on monthly close say , what could we expect as extensions ,my understanding with such a deep retrace ,extensions are smaller ? {quote} {image}
Let's see. You want to trade the break of support, ok. But generally for a projection if that is your C, you want symmetry. So, yes general rule of thumb would be less extension due to more retrace. Would prefer some other confluence as well e.g. structure, pa, s/d. etc to get me somewhere.
Then again, have not touched equities except for some no brainers back in 2008-9. Before that, 2002-03. And those don't count.
The world you desire can be won. It exists.. it is real.. it is possible..
- #395,130
- Aug 28, 2014 9:07am Aug 28, 2014 9:07am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
I'm already short on d1 doji off 61.8 ,i know I'm trading against w1 but poss not monthly ,I just thought thats a deep retrace,
if I wanted to trade break of low should that happen ,its better to wait for pull back on less of a extension ,
Its somthing for me to think about generally useful info I've never thought about ,so any help appreciated ,
if I wanted to trade break of low should that happen ,its better to wait for pull back on less of a extension ,
Its somthing for me to think about generally useful info I've never thought about ,so any help appreciated ,
{quote} Good morning Bones, Let's see. You want to trade the break of support, ok. But generally for a projection if that is your C, you want symmetry. So, yes general rule of thumb would be less extension due to more retrace. Would prefer some other confluence as well e.g. structure, pa, s/d. etc to get me somewhere. Then again, have not touched equities except for some no brainers back in 2008-9. Before that, 2002-03. And those don't count.
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #395,131
- Aug 28, 2014 9:36am Aug 28, 2014 9:36am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
- #395,132
- Aug 28, 2014 9:38am Aug 28, 2014 9:38am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #395,133
- Aug 28, 2014 9:47am Aug 28, 2014 9:47am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
- #395,136
- Aug 28, 2014 9:59am Aug 28, 2014 9:59am
- | Joined Jul 2013 | Status: Trader | 1,873 Posts
GBP/USD Update 10am Eastern - Options Expiry for Friday, August 29, 2014 1.6690 -pay out US$211 million 1.6600 -pay out US$110 million 1.6582 - CURRENT MARKET PRICE - time stamp 10:54am eastern 1.6550 -pay out US$110 million I REMAIN LONG 1.7300 - Take Profit 2 1.7100 - Take Profit 1 1.6720 - HDA's first scale in long entry 1.6560 - HDA's second scale in long entry Please see trading plan previously posted. http://www.forexfactory.com/showthre...90#post7697890 HDA OUT
Get Rich or Die Tryin
- #395,137
- Aug 28, 2014 10:04am Aug 28, 2014 10:04am
{quote} Exactly correct, will confirm if we get a daily close above 1.661 and continuing bullish action. Need to test for a change in fundamentals, lets see what the jobs number does etc etc
yea that's the level to watch.. thanks
- #395,138
- Aug 28, 2014 10:05am Aug 28, 2014 10:05am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
{quote} your post without colorful caracters worries me ! Are you ok buddy ? , is your equity taking a hit lately and you just can't stare at it ! show the spirit and let it go . {image}
No more excessive colours - TWEE - wrote to me with a request to cut back on the colouring, so I am respectfully obliging
HDA OUT
- #395,139
- Aug 28, 2014 10:09am Aug 28, 2014 10:09am
GBP/USD Update 10am Eastern - Options Expiry for Friday, August 29, 2014 1.6690 -pay out US$211 million 1.6600 -pay out US$110 million 1.6582 - CURRENT MARKET PRICE - time stamp 10:55am eastern August 28 1.6550 -pay out US$110 million Therefore 1.6550 is likely to hold, so we are going UP I REMAIN LONG 1.7300 - Take Profit 2 1.7100 - Take Profit 1 1.6720 - HDA's first scale in long entry 1.6560 - HDA's second scale in long entry Please see trading plan previously posted. http://www.forexfactory.com/showthre...90#post7697890...
I DID VOTE
lets hav color!!
- #395,140
- Aug 28, 2014 10:13am Aug 28, 2014 10:13am
{quote} @hoom:
he/she should go color too
, we request...