Intraday FX Player

CFerret · May 6, 2008

Always same problem... I get out way too fast...

Willleung · May 6, 2008

Quote from tom123:

Hi CF , yes,I'm finding the fib fans are looking accurate, along with drawing straight lines to a point.... I'm just discovering what looks obvious to my eye so far.... like drawing tops to bottoms,tops to tops,bottoms to tops, etc....and it all seems to come together at these precise 'convergence points....

T

hi Tom,

Convergence points!? interesting, but what did you find?

CFerret · May 6, 2008

Hourly gameplan so far developing as expected... We'll see where it goes further...

cvds16 · May 6, 2008

It looks like they wanted to save the trenline on the hourly

but have to agree things starting to look very iffy when you still want to call this an uptrend.

CFerret · May 6, 2008

Yea we've bounced off an hourly TL, but if there is another attack I'll be almost sure it goes lower then...

CFerret · May 6, 2008

Shorted @ 71.

CFerret · May 6, 2008

Stopped out @ b/e.

CFerret · May 6, 2008

Longed @ 86 and squared @ 501 for 4% profit.

CFerret · May 6, 2008

Missed an excellent long in the area of 90. Wasn't confident enough in my read of PA.

BigFunky · May 6, 2008

Quote from CFerret:

Missed an excellent long in the area of 90. Wasn't confident enough in my read of PA.

Same here - I was a bit put off by 1.5500 being so close. Always a bit unpredictable around those 'obvious' resistance levels.