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- Xj8 replied Jan 18, 2010
BEZ3000 - USD/CHF — Hi Bez, Looking at it certainly, getting into the trade? maybe not, I see a particular factor that indicates higher lows just ahead. You could get into this short at 1.0250 for a 50-80 pip trade and come out as it ...
- Xj8 replied Dec 21, 2009
Thanks Stewart — When you wrote this it was just cold, now look what you caused, lol. 8" of snow in my back garden and on top of the car, I just took these pictures today, 21st Dec 1:30pm. Merry Christmas and a Happy New Year
- Xj8 replied Dec 21, 2009
Euro — Looking at the current 1 hour chart on the EUR/USD, there's been a little bit of resistance at 1.4400, price is heading back to this point, it now has the assistance of the downward trendline, and, taking a fib from the last touch off ...
- Xj8 replied Dec 16, 2009
Ok, so you're hot stuff — No smarty pants, it's just freezing here, a blue tan is all the rage in Scotland.
- Xj8 replied Dec 16, 2009
1 Hour Euro — Basing a trade on a 1 hour chart would give me an opportunity to place a fib from 11th December to the most recent low, at this point in time a 50% retrace would give me an opportunity to get in safely (or as near to safe as ...
- Xj8 replied Dec 16, 2009
Nicely done, looking at the market as it stands today (16th Dec) I wish I jumped on that bus with you. There is still an opportunity to get on this downtrend, I have given my thoughts on where it is possible to enter at this late stage for a further ...
- Xj8 replied Dec 16, 2009
GBP/USD — Posting lower highs at the moment, suggests to me a probable sell if there is a decent set up. 16th November and 2nd December are the points I have taken my downward TL from, a fib from 16th November takes the 50% to approx. 1.6500 ...
- Xj8 replied Dec 16, 2009
Eur/USD Analysis — Using a daily chart, I placed an inner Trend Line from 16th June, we had 3 touches from it before price gave up on it and broke through on the 15th December, I thought it may head towards 1.4450 where a 50% retrace level ...
- Xj8 replied Dec 9, 2009
Zoli — Took time out for the YouTube post you submitted, all those bad trades just melted away, I'm not sure if this form of attachment is permitted, but I'm glad you posted it, it is trading after all. Nice light relief to a hectic profession.
- Xj8 replied Dec 9, 2009
USD/CHF Area to Watch — Doesn't have a 50% fib I can comfortably place, but approaching a longer term daily trendline coming from 12th March and 20th April. There is another trendline close by taken from 24th June which does give better fib ...
- Xj8 replied Dec 9, 2009
Bazooki — I used the USD/CAD just as an example, I think this trade would be a risky one and I would be looking for something easier, the power struggle against a strong looking dollar at the moment looks like something you don't want to go up ...
- Xj8 replied Dec 9, 2009
Confluence of Barriers — [quote=bazooki] yes, but it doesn't always touch the trendline (the two highs in the center of your chart). I agree with you here, I like to see confluence of three barriers for a stronger win probability, my preferred ...
- Xj8 replied Dec 8, 2009
USD/CAD — Duly Noted. Excluding a usable 50% fib line, two barriers noted on this pair at 1.0700 is a good hotspot to watch.
- Xj8 replied Dec 8, 2009
Trading EU and UC — Yes these trades do mirror each other, I normally do both with less ground to cover to achieve the profit margin, ie, if I was going for 100 pips on the EU I have to stay in for the full 100, with the UC in tandem, I can ...
- Xj8 replied Dec 8, 2009
Earlier Trades — GBU/USD, EUR/USD and USD/CHF, ouch, ouch and ouch, all I can say is, setups for me were correct for entry, it's that 20% where things can go wrong, and in my case I was thumped, however, not to be put off, money management is ...
- Xj8 replied Dec 7, 2009
Oops — Yup, 9050, someone moved my buttons on the keyboard, or something, might have been the cat.
- Xj8 replied Dec 7, 2009
AUD/USD — 0.9000 looks like a good barrier, if it hits this a possible buy order at 0.9500 will be placed, all depends on the support around this area. Again, it's just an area to watch.
- Xj8 replied Dec 7, 2009
Ucertainties — I'm under no illusions that anything that can go wrong will go wrong, I have followed the simple rules laid out in Dan's thread, at best they work 80% of the time, 20% will unavoidably fail, but the end result is a huge margin ...
- Xj8 replied Dec 7, 2009
USD/CHF — Trendline taken from 1st October to 3rd November, third touch at 7th December, this TL held below 1.0250, with the 50% fib in close proximity of these barriers, I placed an order at 1.0200 and the sell order was filled. Fib taken ...
- Xj8 replied Dec 7, 2009
GBP/USD — Outer Trendline taken from 13th October to 27th November Inner Trendline taken from 19th October to 26th October Both Trendlines coverge around 7th December acting as a strong support, 50% retrace level taken from the start of the ...