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bobblong replied Aug 8, 2007Look in the graphic below, it is self explanatory. 4HR chart. NOTE: I am a beginner. Take it all with a grain of salt. But my idea is that while forming this pattern it has been cutting through supports on the way but the one marked in the graphic ...
USDCAD trend reversal?
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bobblong replied Aug 8, 2007risky but possibly a bullish wedge formation about to complete
USDCAD trend reversal?
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bobblong replied Aug 8, 2007We know that sami. You do not need any charts to know what the fib levels are. For automated calculation you just identify wether it is a bullish or bearish movement using high,low,close of the swing and in my case the open price in the beginning of ...
Statistical Probability Trading With Price Action
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bobblong replied Aug 7, 2007I've found a way I wont have to draw fibs or go back in time to charts. Doing it all in excel with 8 years of historical data I am testing for retracement/no retracement before week's end and 61.8 before new high/low on the following week, ret to ...
Statistical Probability Trading With Price Action
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bobblong replied Aug 7, 2007NOW I am starting to feel the possible trend change
USDCAD trend reversal?
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bobblong replied Aug 7, 2007it only want to go up for daddy now,trailing stop was hit ages ago before the announcement. And let us not forget this....(Weekly chart) meaning I'd be suprised to see it go down further than 80-90 pips before bouncing from there blue line again
Cable Update (GBPUSD)
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bobblong replied Aug 7, 2007Could have trailed the stop, if it breaks this support then we have another 80 pips or so IMHO
Cable Update (GBPUSD)
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bobblong replied Aug 7, 2007Sky news is making it look like, within the next 5 mins people are going to start becoming infected and instead of dying will become zombies. GBP>GBP>GBP> recent headline "FARMER: SEWER FLOWED INTO FIELD WHERE CATTLE WAS GRAZING" "EATING SWANS IS ...
Cable Update (GBPUSD)
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bobblong replied Aug 7, 2007is it agreeable that today's USD news is neutral on the whole? or unchanged interest rates still cause some fluctuation and if so to what extent?
Cable Update (GBPUSD)
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bobblong replied Aug 7, 2007all i see is an 80 pip expanding range with a slight bearish attitude.
USDCAD trend reversal?
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bobblong replied Aug 7, 2007This trade won't stop giving me pips what do i do?!!?
Cable Update (GBPUSD)
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bobblong replied Aug 7, 2007Great info, do you have these same stats for last 31 weeks of 2006? would be nice to see what you mean by saying that GBP USD has changed flavor since last year. It had dawned on me also that possibly rate changes on either currency within the ...
Statistical Probability Trading With Price Action
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bobblong replied Aug 7, 2007Very informative and insightful fxhermit. I hope that I'm not the only one learning from this thread
long-run profits impossible with short-term trading?
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bobblong replied Aug 6, 2007I am so glad this thread was started. Just went to read about how to determine positive/negative interest on an open trade/potential trade.. I only now realize how significant that information is. I thank everyone for ... everything. I promise ...
long-run profits impossible with short-term trading?