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- levaz replied Mar 25, 2008
When the target 50% is hit, that becomes the obvious point of entry. Should the correction target a larger model, then you have a confirmed A-H re-entry point!! Saves you the trouble of figuring out when to get in again.
Jacko's Forex House of Pleasure and Pain
- levaz replied Mar 25, 2008
Whoops, that was me being greedy, looking for the 5150
Jacko's Forex House of Pleasure and PainMarch 17 - 1.5905 (peak) Feb 26 - 1.4777 (last reasonable hiccup) 50% gives you 1.5345 The round number for ideal entry would be 1.5350
- levaz replied Mar 25, 2008
March 17 - 1.5905 (peak) Feb 07 - 1.4439 (last major correction) 50% gives you 1.5345 The round number for ideal entry would be 1.5350
Jacko's Forex House of Pleasure and Pain
- levaz replied Mar 25, 2008
The obvious entry point at this time was 5350 which was the exact 50% fibo.
Jacko's Forex House of Pleasure and Pain
- levaz replied Dec 16, 2007
I think you forgot about some of the fundamental rules: - 50 pip S/L - use the A-H at the last S/L provided the market moves and recovers after more than 50 pips past your S/L position.
Jacko's Forex House of Pleasure and Pain
- Posts by Member Search: 'levaz'