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  • #5,061
  • Mar 28, 2014 9:15am Mar 28, 2014 9:15am
could see 1302-03 today if hold 1290.
  • #5,062
  • Mar 28, 2014 9:16am Mar 28, 2014 9:16am
The TL of this current down move since the highs is very important. It has been breached a few times already but not broken and taken. If it manages to do that today then next week could show great strength upwards. If it fails at the TL again then there is still no clear picture of a bottom being formed.
To live a successful life, we must lose our fear of being wrong
  • #5,063
  • Mar 28, 2014 9:20am Mar 28, 2014 9:20am
i'm having that funny feeling again
also i forgot to write - added short at 1293.xx
A trade should be based on an assumption based on facts
  • #5,064
  • Mar 28, 2014 9:24am Mar 28, 2014 9:24am
Quoting EatPIPs
{quote} However there is still much in the way beforehand. I'm looking to ride the waves on this one now. The 50% retracement has been very important for me. And I have always respected it in the past on the bigger TFs and am looking for Gold to respect it on this "correction" we have been in. Of course this becomes invalidated if it gets taken out firmly however I have opened my longs early looking to get in at the best possible price if this has been a correction to the 50% level. 1296 is important to me as well as the big 1300 (which ideally...
Hi EatPips
You trade different TF I believe but in which Time Frame You plot The FIB if I may ask?
I have tried to plot it in my 1h TF but the 50% is different from Yours. I did it from the highest of the frame to the low of course. Thanks and have a nice Week-End
  • #5,065
  • Mar 28, 2014 9:26am Mar 28, 2014 9:26am
Quoting ralfy
{quote} Hi EatPips You trade different TF I believe but in which Time Frame You plot The FIB if I may ask? I have tried to plot it in my 1h TF but the 50% is different from Yours. I did it from the highest of the frame to the low of course. Thanks and have a nice Week-End
on Daily TF
If you do not know who you are, the Forex is the worst place to find you
  • #5,066
  • Mar 28, 2014 9:27am Mar 28, 2014 9:27am
Quoting Mave
i'm having that funny feeling again also i forgot to write - added short at 1293.xx
1326.1 is the number
  • #5,067
  • Mar 28, 2014 9:27am Mar 28, 2014 9:27am
Price has just "touched" the 50% retracement level. That might be all the downside there is for this week. As this move has been pretty much straight down for 2 weeks, I am keeping my stop tight. I have a tentative limit set at the 61.8% fibonacci number...assuming I don't stop out first.

With the placement of my stop I would need yet another vertical drop next week...I think the probabilities are against that but not impossible. For now...600 pips protected with the stop
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  • #5,068
  • Mar 28, 2014 9:30am Mar 28, 2014 9:30am
Quoting elbert3
{quote} 1326.1 is the number
Hey mate could you please post the indicator you use again? It has been pretty accurate in determining direction
  • #5,069
  • Mar 28, 2014 9:31am Mar 28, 2014 9:31am
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  • #5,070
  • Mar 28, 2014 9:32am Mar 28, 2014 9:32am
Quoting skassacomput
{quote} on Daily TF

Grazie mille!
That was fast Always from the highest price in the window to the bottom or only covering what can I say last 3-4...7 days
Thanks again
  • #5,071
  • Mar 28, 2014 9:34am Mar 28, 2014 9:34am
I think now Gold will be up 1294
One Day U Will Miss me!
  • #5,072
  • Mar 28, 2014 9:35am Mar 28, 2014 9:35am
yayyyy profit both ways. finally som luck
  • #5,073
  • Mar 28, 2014 9:36am Mar 28, 2014 9:36am
Quoting elbert3
{quote} 1326.1 is the number
1296.46 for me.. also, isn't it 1326.01?
A trade should be based on an assumption based on facts
  • #5,074
  • Mar 28, 2014 9:40am Mar 28, 2014 9:40am
Quoting ralfy
{quote} Grazie mille! That was fast Always from the highest price in the window to the bottom or only covering what can I say last 3-4...7 days Thanks again
Its neither because daily time frame could be a 2 yr chart or 90 day chart, you get retracement levels by looking at waves. For example this uptrend started from 1181 and it terminated at 1392, we know this by looking at HHs and HLs.
"Where you want to be is always in control, never wishing, always trading.
  • #5,075
  • Mar 28, 2014 9:47am Mar 28, 2014 9:47am
Quoting ralfy
{quote} Hi EatPips You trade different TF I believe but in which Time Frame You plot The FIB if I may ask? I have tried to plot it in my 1h TF but the 50% is different from Yours. I did it from the highest of the frame to the low of course. Thanks and have a nice Week-End
Daily TF from highest price of current move to lowest price.
To live a successful life, we must lose our fear of being wrong
  • #5,076
  • Mar 28, 2014 9:48am Mar 28, 2014 9:48am
3 touches on the 1M TF of the downward TL and yet a follow through.
To live a successful life, we must lose our fear of being wrong
  • #5,077
  • Mar 28, 2014 9:48am Mar 28, 2014 9:48am
very good hammer on H4 and Price seems will close above SMA32 on H1....
I think we are definitively long!
If you do not know who you are, the Forex is the worst place to find you
  • #5,078
  • Mar 28, 2014 9:51am Mar 28, 2014 9:51am
Quoting EatPIPs
3 touches on the 1M TF of the downward TL and yet a follow through.
Rejected again but there is definitely some fight in the PA at these levels.
To live a successful life, we must lose our fear of being wrong
  • #5,079
  • Mar 28, 2014 9:56am Mar 28, 2014 9:56am
Quoting EatPIPs
{quote} Daily TF from highest price of current move to lowest price.
Thank You, also thanks to skassacompute (I really like this name!!!) and Spec_And
Very helpful
  • #5,080
  • Mar 28, 2014 9:56am Mar 28, 2014 9:56am
Here's what I got for today ...

on Day : Demand @1286.07

on Week : Supply @1324.91

Cheers to all ... Have a good weekend.
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Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
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