Rockford BDR 23:02 GMT January 31, 2005
Subject: Cable
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Melbourne
Thats a good question. I run Weekly, Daily, 4hr, and 1hr charts for tech analysis. I trade mainly off of 1hr and 30min charts. I always seem to catch the retracements a little bit late. Anything you could suggest to use to try and help get a better heads up on those?
TIA
OK SZ 22:28 GMT January 31, 2005
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melbourne farmacia 02:28 GMT January 31, 2005
great post there mate. can I ask you what time fram works best on the fibs/gbp? Tks
paramus,nj jf 18:31 GMT January 31, 2005
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i guess a brief summary on due diligence - all care taken no responsibility accepted - if you choose to accept the terms its assumed you have read and understood them
Rockford BDR 18:31 GMT January 31, 2005
Subject: Cable
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Bahrain
Do you use any kind of rsi or strength signal to tell when Cable is running out of strength and could reverse? I follow your post to see how my indicators are going and you always seem to beat me to the punch within the 1/2 hour of reversal. Just wondering how your doing that .
TIA
Mtl JP 13:42 GMT January 31, 2005
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Loo / typing into the Archive's Comments section "due dilligence" yields, for example,
Mtl JP 18:09 GMT May 8, 2001
about brokers, legalities and lawyers :
I would say that it be best you do a good reading of the proposed contract any dealer sends you concerning their relations with you. You must remember that as in any business decision of association, due dilligence is your responsability. Whether you have a piece of paper or not in the end is pretty irrelevant anyway if the amount involved would be exceeded by any potential litigation costs. So ask who the principals behind the firm are, and do check out their personal background. (Even W. Buffet does) It is only common sence to know who you are dealing with beyond the name on the company letterhead. And define what "good" broker/dealer really means, to YOU. GV btw does not charge for recommending dealers, to the best of my knowledge, so I d ask them for their opinion as well before opening any accounts.
Rockford BDR 13:14 GMT January 31, 2005
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HK loo
Here you go, I think this is what they're referring to.
http://dictionary.reference.com/search?r=2&q=due%20diligence
HK Loo 11:51 GMT January 31, 2005
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To JP,
thanks for your suggestion. I have seached the archive on due dilligence, but still have no much idea on this, could you tell me more on that, thanks!
Dallas Mauricio 10:43 GMT January 31, 2005
Subject: GBP Fib Levels
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farmacia, please elaborate more on the fib levels on cable. What are they today and how calculated? TIA.
melbourne farmacia 10:26 GMT January 31, 2005
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Melb mpfx 05:20 GMT
Greetings mpfx & thanks for those words.. Yes need, love these summer days...apart from this coming Wednesday.. That’s melb for u.. GT
quito_ecuador_valdez 05:23 GMT - cheers
quito_ecuador_valdez 05:23 GMT January 31, 2005
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farmacia!! Glad to see you back! TKS for the advice below on fibs and cable.
As to FF post minutes ago by:
Auckland Newbie - GMT 0445//
Tell you what, there are some seasoned pros who've said that in January as well. And I share your lament. Just trade light if at all until this jerky chart stuff clears up or take longer term trades with very small amounts to reduce risk and yet accumulate (theoretically) returns. I have done the later.
Kneejerk (fear of losing) has cost me a lot of potential profit (and tight stop hitting) in the last month. With one exception had I JUST WAITED before closing a seemingly bad entry; I would have gathered ALL those profits on seemingly opposite moves as to the chart that went ahead with my original forcast. I'm talking waiting "should have waited" from minutes to a day or two...certainly not LONG. The movement is jerky and to me anyway, in the short term not as predictable as it was prior to Xmas. But this jerky movement does hit your target if you wait and want to risk in short term trades...DEPENDING ON THE TIME SPAN you wish to wait for. Until a true trend develops over the next couple weeks, many are staying flat.
Melb mpfx 05:20 GMT January 31, 2005
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melbourne farmacia 02:28 // Greetings farmacia, hope u enjoying the excellent summer we are having.
Great post re Cable, what u posted is gained from pure experience, of which there is no substitute... gt to u..........
Rockford BDR 03:34 GMT January 31, 2005
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Melbourne
Thanks so much. Although I did alright on Friday I was no where near that and didnt even see it till you pointed it out. Will definetly watch the fib retracements more carefully thanks to you.
melbourne farmacia 02:28 GMT January 31, 2005
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Rockford BDR 15:00 GMT January 28, 2005
Some basic thoughts regarding Gbp:
Understand & monitor fib retracement levels. Gbp likes to bounce/sell off around these points….but knowing which range points to read is the key.
Normal day will run 100 pips H/L, if 100 pips not seen within 24 hour period, expect following daily range of 200 +
Gbp has tendency to run stops / spike @ European open before turning for daily direction.. if trading the first two hours with profit, be prepared to flip your position once upper/lower stops hit and if signal turns..
Once position entered on signal, set a T/P based on fib points, once hit, scale out and run remainder if no exit signal presents itself around fib area.
Trading Gbp/Usd requires individual setup parameters ie don’t follow a system that works well for Euro on Gbp etc..
One final note: Buying & selling off fib points last Friday netted 460 pips – intraday.
Montreal Taro 01:20 GMT January 31, 2005
Subject: loo 14:34
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You can ask Jay for my email.
Spread isn't the most important thing to look for when you look for a broker. Some broker are giving you a good spread, but take back twice by slippage or price-shifting.
Also, when somebody is suggesting you one, ask him if he made business with them or he just repeat what he hearded.
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