More and More I find adding the T.H.Murrey math divisions along with fibo's are making sense, have a look at this 4H chart:
Just split the difference between fibo lines (marked in orange) and you will see candles stopping or starting to move off those divisions.
At present, I don't have a trade set-up for this pair as I'm seeing several pairs (kiwi post & Murrey explained in an Interview last summer) just out of reach at the moment, so I wait.
I'll be watching to see if the candles move higher to the intermediate (blue) moving average before I even think about getting in with a possible short.
The 50 sma is still sloping down, STOCH still up and MACD still climbing (as of close Friday)
No Sir....I'm not in a rush, I'll wait...ready to pounce
THESE ARE NOT TRADE SIGNALS Calculating probable "Turning Points" Not necessarily the Daily swing (although this is common). Generally "levels" are hit during the U.K. Trading sessions * I use a 15 to 18 pip buffer (+ spread) Most "turns" are good for 25+ pips BUT, not uncommon for 50+ pip runs I try to add possible target amounts based on averages. NO GUARANTEES...IT IS FOREX!!
Sunday, December 4, 2011
Thursday, December 1, 2011
For now
http://ibankcoin.com/testicules/2011/12/01/trading-nfp-fx-if-you-really-must/
I'll work on joining these 2 blogs soon, looking over the US/CAD and will post my view over the weekend
I'll work on joining these 2 blogs soon, looking over the US/CAD and will post my view over the weekend
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