I'm seeing anything from 3 to 7 pips......naturally always against my trades!

EURUSD

9200 hit - closed my shorts as swissy also hit 0800 level lets see what reaction we get.....also I'm seeing some bullish divergence on the short TFs

Cable Update (GBPUSD)

Actually there was plenty of news yesterday......the BOE held its rates as did the ECB....however, Ms. Trichet - the President of the ECB - finally admitted that things in Europe were not too good and that the expected rate RISE was now unlikely. ...

Cable Update (GBPUSD)

Hi Loudonii - guess we still think the same on S&R, although I also like using the 50s and 100s too....From a post I made earlier elsewhere: "LOL - I'm also looking at the 50% retrace of the Dec 20 low to July 15 high - I actually have it at 1.5173, ...

No Brainer Trades

LOL - I'm also looking at the 50% retrace of the Dec 20 low to July 15 high - I actually have it at 1.5173, so was working with 5150 as a more likely level....I've taken a small long from there.... Edit: also long cable as it only dropped 14 in the ...

EURUSD

Good Morning - reading the 20 or so pages since I was last here I too was finding his posts way too much and I totally agree with your action - thanks for taking the time to do this.

EURUSD

mm - I do have a fibo extension target at 5284 and a mid pivot at 5290 - I'll place a small initial buy there as its close to supper time...that'll make a 213 pip range for today - that's a lot for €

EURUSD

ah - thanks - I got used to "bounded" as Jim Sloman ( Adam, Delta & Ocean Theories) used it and I followed some of his methodologies for a while.

EURUSD

thanks Bo - great to see your excellent thread is still well supported image

Fibonacci Trading with Bobokus

That's IMO the problem with oscillators - as they're "bounded indicators" they can spend ages in the top / bottom 20% of their range, whereas an "unbounded indicator" can give an actual high or low number which can be compared with prior swings.

EURUSD

Hi Kathy - I'm here lurking for a couple of days too - working off my laptop as I'm still busy sailing....

Fibonacci Trading with Bobokus

One of the best teachers on the use of pivots is the Dove Alliance who posted on the USDJPY thread. He advocates using the 5pm EST close for daily pivots. Here's a comprehensive pivot indicator - you can set the update time, so it will work with any ...

EURUSD

LOL - I just did for +8 dont trust whipsaw before news....

EURUSD

Out for +11 - dont want to worry about whiplash before the news

Cable Update (GBPUSD)

agreed - I've take a small short. Swissy's rallying off its 550 level which should help.... edit: German construction was -2.1% - not good either

EURUSD

A very weak attempt on the 9520 resistance area so I'm short with a small position from 518 with a tight stop. Euro's also looking heavy and the dollar via swissy has bounced up off its 550 level.....

Cable Update (GBPUSD)

yes - I've been scalping longs for around 20 pips a time, waiting for confirmation that the low is in....here's my reasoning..... This year's low was 1.9326 on January 22. Since then there have been 3 higher lows - Feb 20 at 9357, May 14 at 9364 and ...

Fibonacci Trading with Bobokus

Close to an imprtant low? — This year's low was 1.9326 on January 22. Since then there have been 3 higher lows - Feb 20 at 9357, May 14 at 9364 and June 13 at 9408. Yesterday's low was 9468 at 11:40 EDT which was retested four hours later. ...

Cable Update (GBPUSD)

I also have the 520 area as resistance from yesterdays low - but first cable needs to break and hold above its DP at 510. With € above its DP and swissy below its DP, this may happen. There is also talk that Trichet is becoming more hawkish ...

Cable Update (GBPUSD)

Agreed - I just made a nice start as Frankies Hour obliged with € pulling back to its pivot and cable making a higher low as the swissy fell. Took + 27 of the buy and exited as cable stalled just above its DP. Now to see how far it pulls ...

Cable Update (GBPUSD)