So Nick,Originally Posted by ;
I guess you are trading the Euro for the scalping? I'll Follow the SP's for scalping. lol
Johnny
So Nick,Originally Posted by ;
I guess you are trading the Euro for the scalping? I'll Follow the SP's for scalping. lol
Johnny
Dave:Originally Posted by ;
So I suppose you are using last Friday's near? In that case looks like a signal. .
What is a Fibo? I love the name so I'm going to name my pet crocodile Fibo although I know isn't a dog's name.
Now if I can convince my girlfriend to keep it in the tub....
Johnny
blue is entrance red is exit. Sry for not adding that.Originally Posted by ;
Fibonacci is a mathamatition that saw a reoccuring ratio through out the world and everything in it. I refer as fibo's to fibonacci retracement levels and fibonacci #. Google for more info.
Dave
Currently awaiting GBP to break 1.90.
Im hoping to buy in at 1.9015. Limit would be to 1.9045. Stop loss is 1.8995.
Update:
canceled this order for now.
Im sitting here contemplating my egy for the week. Thus far I think that the market sentiment is still $ negative and until I see a few signs saying other wise, Im planning to begin selling the $ on $ power. Its just a matter of finding an entrance point Im comfortable with. Im wondering if we will ever see the $ right a little bit more it's before its continued decline. When London comes online happens. See if the trend continues, or if a few major profit taking begins.
China today signaled it will enable a stronger Yuan...I suppose its time see JPY this week. I wonder whether it is going to break the 108.00 degree. Im looking to get into this trade on JPY weakness. . .if possible.
I began a commerce selling USD/JPY this morning at 110.30 based on the following chart. Looking to cash from about 109.75 .
Im still holding this particular trade. Stop loss is 110.65. .just another side of the tunnel.
Im still in the JPY trade..my cease hasn't been struck, and I have been taking some money off the table as I see fit.
I look to the CPI studying We've Got in the morning in Britain. Im going to be carefully watching the price action over the upcoming few hours to determine how she starts to trend. Im guessing there will be a GBP rally continuing the GBP bull trend we have been in after the news. THe risk is for a CPI number that is then expected. . .but highly unlikely. . .momentum will last up. Im point going to the news to be selling the $. Ill make a determination on where to enter some time after 2am est.. Ill wait till the news is released to initiate a trade. . .not sure yet.
I wonder if consolidation will last into semester. I suspect it does. But you can never predict these markets.