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Forex Help Forum Archive for 02/1/2005
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HKK Kim 23:54 GMT February 1, 2005
Subject: farmacia
Reply
melbourne farmacia 04:15 GMT February 1, 2005
Was wondering about your last post in fibo: does trading on the same way work in both trending as well as non-trending markets, that is selling at highs and buying at lows? or ther rules are different for using fibo. in trending or non-trending markets?
thank you
HKK Kim 23:32 GMT February 1, 2005
Subject: ADX
Reply
I was wondering if anyone can help me here:
If I want to find out whether a market is trending or not-using ADX indicator and that my trades are closed at maximum in 24 hours, is ADX a great tool to use and should the timeframe be daily for my specific case? Thanks
melbourne farmacia 04:15 GMT February 1, 2005
Subject:
Reply
OK SZ 22:28 GMT & Rockford BDR 23:02 GMT
From my fib studies: time frame is of less importance.( unless one projects fib fans or if one calculates time cycles based on fibs ) I look for extreme points, quick reading over hourly displays 1.8936 - 1.8524 ( + / - few pips depending on data feed ) as the current platform for analysis. For a complete picture input 0.236 & 764. The key to remember, once market prints new high / low, the last range points are superceded with a new level. That said, most of the time the old fib spreads won't change much as cable swings in 0.382 periods etc.. Meaning the last 0.50 level becomes the new 0.382 point of the new range (assuming markets trending higher)
I run multiple range points as big picture guide - i.e., 1.9548 - 1.8524 etc.. Note 1.8915 currently containing upside, and as I've mentioned numerous times over the years, cable will pull towards these major pivots during consolidation / basing periods.
Regarding Buying & selling off fib points last Friday netted 460 pips – intraday. From 1.8915 entry (spread range points between 1.8624 - 1.8927 including 0.236 / 0.764) market spent most of Friday bouncing around these points.. to achieve those potential pips, one would need 20 odd hours screen watching !! not for me. Hope all this makes sense. GT
London NR 00:12 GMT February 1, 2005
Subject: history
Reply
Hi I was wondering if anyone can point me in the right direction for some fx history in the following text format , please?
date open high low close
GBPUSD,D,20030203,1.6471,1.6471,1.6366,1.6436,0
tyvm :)
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