i'm possibly stopped out now as there has been a 27 pip retracement from the figures I have available on forex.com.
but thats cool , any profits are ok with me at the moment.
and thanks for the good wishes guys...
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i'm possibly stopped out now as there has been a 27 pip retracement from the figures I have available on forex.com.
but thats cool , any profits are ok with me at the moment.
and thanks for the good wishes guys...
The current action is testing polarity cahnge.
Peat - nothing wrong with taking small profits initially - its a bit like scalping. Consider taking a proportion of your order off and leave a bit to run. You may just get lucky with that final balance. Once you build up more capital you can risk wider stops.
Currently +82 at max.
Slam you must be chuffed :D
arco
Sure am arco, just need that kiwi to fall over a bit more now:DQuote:
quote:Originally posted by arco
Currently +82 at max.
Slam you must be chuffed :D
arco
Morning All
Closed shorts and took th pips[8D]
Will look to re-enter on a bounce.
Notice on the 10m chart a triangle forming
Cheers
Slam
Morning Slam
Yes ditto. I placed a TP at 7650 before retiring and it was hit overnight. So a very nice little run and I will review the situation once I see the EOD.
arco
i had another bite at 7684 but my stop at 7708 got hit!
Kind of annoying coz the candle high was only 7705 during that time. So yeh tight stops are a double edged sword.
But I need them. Got a few pips on the Euro short as well. So twas an okay day.
Waiting for a break out on this one.
Pretty sure it will be north but not game to enter yet
Got one either side of the triangle;)
cheers
Slam
Morning Slam
Yes, I mentioned this on the Chit-Chat thread last night re GBP.
IMO there are a number of reasons to consider a reversal at this point may be possible.
1. The action has reached the Potential Reversal Zone (Butterfly target)
2. Reversal calculations have identified 4/10 as a likely date
3. There is possible Gann support @ 7578
arco
Morning Arco
Yep, has also touched 7520ish 4 times now in the last 24hours, so building some nice support around here.
As you say, next 24hours or so should show the way
Cheers
Slam
newbies pespective
at around 440 pm this afternoon
the pound
on a 1 day chart at 1 min,
showed 2 highs at , 7575 and 7578
howeva bearish divergance, was seen on RSI, MACD as well as momentum
hense conclusion = short
would u say dat is about right?
Hi Dazza
We seem to be at loggerheads today
I went long on this on the dip
1min chart to short a time period for me, 1hour is the smallest frame except for entry points.
Contrarian view;)
Cheers
Slam
saw a scoop pattern formation on 1 hour 5 min frame
entered at 579 a bit late though, stupid shower
should have entered at 566ish
looking for 20 pips only though
well there goes 23 pips ><
oh well i learnt something at the expense of $$
Originally posted 3/10 on the Chit-Chat thread.
http://www.khalsaspad.com/files/05102005_butt_186.gifQuote:
quote:IMO there are a number of reasons to consider a reversal at this point may be possible.
1. The action has reached the Potential Reversal Zone (Butterfly target)
2. Reversal calculations have identified 4/10 as a likely date
3. There is possible Gann support @ 7578
Entered long at 7564.........see how we go.
arco
Hi Arco
Yep entered 7552 yesterday
Currently +68
Looking ok too
Might take some more soon since it's brocken 7619
See if it holds above
Long EUR as well:)
Cheers
slam