Fibonacci Trading - Page 37

SKS · #**541** (**permalink**) 12-03-2008, 06:17 AM

Hi Jewel and Brad,

This pair has already met your 1st target so what could be next move in coming days once these interest rate cut issues are over tomm? Cheers

fasi26 · #**542** (**permalink**) 12-03-2008, 06:31 AM

pair is going well but after the ECB rate cut wuld it make any high level????

brad_1199 · #**543** (**permalink**) 12-03-2008, 03:22 PM

Quote:

Originally Posted by SKS

Hi Jewel and Brad,

This pair has already met your 1st target so what could be next move in coming days once these interest rate cut issues are over tomm? Cheers

SKS, I see no reversal candle on the monthly chart yet, and this pair has been sky rocketing for some time now... The trend remains bullish until we get a candlestick reversal signal on the monthly chart.

brad_1199 · #**544** (**permalink**) 12-04-2008, 05:51 PM

AUDCAD has now made a daily close above Resistance... Long positions have been triggered with targets at .8800 and a stop loss at .7960

bertmaple · #**545** (**permalink**) 12-06-2008, 09:29 AM

Quote:

Originally Posted by Goonyard

Hi all,

Asked my question in the wrong thread so re-posting it here. In these times of total economic uncertainties, are fibonacci chartings still relevant ? The market is moving so fast in so many directions than it seems it can't be predicted by things like fibonacci rated.
Yet you guys are obviously comfortable with them. Or are you getting more cautious ?

Goonyard - fibonacci ALWAYS works

ALWAYS
ALWAYS
ALWAYS

It is a numerical representation of nature in motion

bertmaple · #**546** (**permalink**) 12-06-2008, 09:31 AM

hey everyone - this GBP/USD daily chart shows a narrowing wedge thats about to crack. Ive numbered some fibo targets - IF - the recent bottom holds.

Gregory McLeod · #**547** (**permalink**) 12-06-2008, 09:18 PM

I have been looking for the GBPUSD to move higher because of the descending wedge and the slowing downward momentum. It is risky to trade against the daily trend and picking tops and bottoms is often a losing proposition. However, a break of the daily down trend line could give us a good relief rally up to a .618 area. Look toward the DOW as an indicator to GBPUSD direction as well.

Quote:

Originally Posted by bertmaple

hey everyone - this GBP/USD daily chart shows a narrowing wedge thats about to crack. Ive numbered some fibo targets - IF - the recent bottom holds.

YusuFX · #**548** (**permalink**) 12-07-2008, 07:16 PM

SKS · #**549** (**permalink**) 12-08-2008, 04:40 AM

Hi Brad,

Is there something important on your opportunistic radar in coming days? Looking for another exciting lead as you always offer to us. Thanks

brad_1199 · #**550** (**permalink**) 12-09-2008, 12:48 AM

Quote:

Originally Posted by SKS

Hi Brad,

Is there something important on your opportunistic radar in coming days? Looking for another exciting lead as you always offer to us. Thanks

I would deffinately recommend getting on board short USDJPY... Price is about to tank soon....

YusuFX · #**551** (**permalink**) 12-13-2008, 06:40 PM

brad_1199 · #**552** (**permalink**) 12-17-2008, 04:59 AM

Here's a look at multiple EURUSD Long Term Fib Levels in play.. Support And Resistance is fairly easy to label.. We can see that EURUSD has had an extremely large rally very fast... and is now back up underneath FIB Resistance and the multi year trend line that had been broken on the fall from 1.60 .. There is a good chance this is a trend line re-test occouring at resistance and we should favour a down side move from current levels... Odds favour a retracement of so much strength so quickly...

Strategy: Sell short now, target 1.3200, stop at 1.4400

cliff · #**553** (**permalink**) 12-17-2008, 05:54 AM

Nice trend line , I missed that one, I am glad to see your post,The only thing i saw when studied pair was the obvious 50% fib ,,

EURUSD Long Term Fib Levels in play.. Support And Resistance is fairly easy to label.. We can see that EURUSD has had an extremely large rally very fast... and is now back up underneath FIB Resistance and the multi year trend line that had been broken on the fall from 1.60 .. There is a good chance this is a trend line re-test occouring at resistance and we should favour a down side move from current levels... Odds favour a retracement of so much strength so quickly...

Strategy: Sell short now, target 1.3200, stop at 1.4400[/quote]

brad_1199 · #**554** (**permalink**) 12-17-2008, 10:25 AM

Hmmmm ... lost a few pips calling a top too early in EURUSD.... But I still think there is a near term top brewing in EURUSD.... Be on the watch...

Gregory McLeod · #**555** (**permalink**) 12-17-2008, 11:48 AM

Quote:

Originally Posted by brad_1199

Hmmmm ... lost a few pips calling a top too early in EURUSD.... But I still think there is a near term top brewing in EURUSD.... Be on the watch...

I agree with you Brad. The Euro went a little higher than I expected, but a fall is is the cards.