Forex Day Trader's Thread

[N Rothschild]

OK OK go ahead and tell me, after that you can fly to Columbia to kill me :cheesy:

its just a price projection using some very exotic math! usually fairly accurate..lets see what happens!

 

[cpngtw]

cross fingers

 

[Masquerade]

STILL long cable. Got 3 positions. I don't buy into the Monday fall, it takes more than that to bluff old Masq. Not touching eur/usd though I would sorely love to, but need to get an idea of what the good levels to trade are going to be.

 

[cpngtw]

I was convinced there would be retracement to 1.4750 today but there was strong resistance at 1.4800 so for today I'm stumped and don't know which way to turn ('stumped' is a cricket term btw!)

To me it looks more like break out & pull back to revisit the high, but just my opinion

 

[Infinetyp]

It's FIBO??

 

[Infinetyp]

its just a price projection using some very exotic math! usually fairly accurate..lets see what happens!

It's FIbo??


sorry did not know how to do this before...

 

[cpngtw]

It's FIbo??


sorry did not know how to do this before...

If Fib then 14985... ?

 

[Infinetyp]

1.4877 down to 1.4800....my math wrong? could be....

 

[N Rothschild]

yes and no

 

[Infinetyp]

I'll take that as a 'yes' then...I'm a big fan of Fib on daily charts and have made some nice pips i.e.taking yeasterday's low (or High) and applying it to todays closing high (or Low) and setting up short (or Long) to target 50% retracement, only seems to work for eurusd though (until today where I was hoping for at least 1.4775) but may still work tomorrow.

 

[Masquerade]

You guys talk dirrrrty.

 

[cpngtw]

1.4877 down to 1.4800....my math wrong? could be....

No I don't think that's the math. The problem is different brokers may use different time zone and time in the day to mark as end of day, and therefore there is some delta price there

 

[Infinetyp]

No I don't think that's the math. The problem is different brokers may use different time zone and time in the day to mark as end of day, and therefore there is some delta price there

end of the day here is midnight, what time is end of the day there then?

 

[cpngtw]

5 pm est

 

[cpngtw]

You guys talk dirrrrty.

join then

 

[N Rothschild]

its not fib in the traditional sense, its actually mainly elliot wave using some fib stuff to project the waves

 

[Infinetyp]

half day?:clap:

 

[cpngtw]

its not fib in the traditional sense, its actually mainly elliot wave using some fib stuff to project the waves

Got it! I do use it sometimes but not that often though

 

[Infinetyp]

its not fib in the traditional sense, its actually mainly elliot wave using some fib stuff to project the waves

okay I won't ask again then, I don't understand elliot, have trid but my brain explodes

 

[Pippy5000]

oh nice.. I screwed myself out of 130 pips on Cable..