DailyFX Forex Forum | FX Forum - View Single Post

		DailyFX Forex Forum \| FX Forum
Sidebar Wrapper

Thread: Fibonacci Trading

View Single Post

#979 (permalink)

10-30-2009, 09:40 AM

Sean Hyman Sean Hyman is offline

DailyFX Power Course Instructor

Join Date: Jun 2007

Posts: 5,842

Blog Entries: 154

Sean Hyman is an unknown quantity at this point

Quote:

Originally Posted by AV1

I like that count....Watch this

Attachment 40400...
Attachment 40401
Attachment 40402

That top chart makes a lot of sense...here's why. Everyone seems to be looking for a top on EUR/USD...that's why it's not going to happen just yet. Oh sure, we get that pull back..I agree...but we ultimately go higher because that will shake out the most people as they "get short" on that retracement...and still hold when the pair blows back up higher.

Now that makes sense. Great job!

__________________
Come join me at the FXCM Las Vegas Expo along with the FXCM course instructors and DailyFX analysts May 3-4th: http://www.fxcmexpo.com/

The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html

Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.

Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.