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forexnovice replied Feb 15, 2008Closed one position @ 50fib on 4hr. In the 4hr chart below, blue lines depict points where price found resistance & the red lines show the points where price found support. Enjoy the Weekend Folks
Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 14, 2008
You should seriously consider an ophthalmological surgical correction before asking much less trading. And I haven't even got to the part where you forgot to mention the Magic Word. Get well soon
.Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 14, 2008
Gracias compaņero! Lo aprecio mucho ! I believe one doesn't have to constantly re-fib if the areas of S/R have been figured out properly(on the higher TFs particularly) & thats what I working on although I will probably have a lot of homework to do ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 14, 2008
I am short from the Weekly 5sma Hi @ 213.35. Still working on Skunny's fibs. I believe we have hit resistance @ 162 fib. Your thoughts Dagoods ? Thanx for the PM.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 14, 2008
Lol.....playing with Skunny's fibs (ya convinced me Dagoods
). Will post charts in a while.Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 14, 2008
GM all. Weekly 5sma HI @ 213.35 has been reached.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 12, 2008
I guess that is what indicators are for although I would appreciate it if someone would help me calculate the session pivots manually. Alternatively, try url
Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 12, 2008
Basic formulae to calculate Pivots on any TFs are as follows: R3 = H + 2( Pivot - L ) R2 = Pivot + ( H - L ) R1 = ( 2 x Pivot ) - L Pivot = ( H + L + C ) / 3 S1 = ( 2 x Pivot ) - H S2 = Pivot - ( H - L ) S3 = L - 2( H - Pivot )
Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 11, 2008
Thanx Quecee...mucho appreciated!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 10, 2008
Agreed. Dagoods already mentioned about the short in his post. I misinterpreted your reference to "major opportunity" as going long because of the inverse H-n-S which is nicely depicted in the chart. Thanks for the chart Pipchick.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 10, 2008
I am not Dag
but I assume you are talking about a good long opportunity there if the inverse head and shoulders holds.Auslanco - GBP/JPY and GBP/USD (newstrade)
- forexnovice replied Feb 8, 2008
Thank you Galaxymom
Enjoy the Weekend Folks Indicator Free Trading - Skunny
.- forexnovice replied Feb 8, 2008
url A heads up for anyone infatuated with the word "Pasil"
Auslanco - GBP/JPY and GBP/USD (newstrade)