Red, sorry ,i was already asleep when you posted!.. I haven't had much time to look at it, but the daily chart indicates 1.3826 coming. Cycles are not very clear.... here's a real short term peak (10 min chart).. id be buying anywhere around the lower prc band...
KO
koolblue
Rep: 48,651
Posts: 16,032
completly depends on the trade and my objective for that trade... but rarely more that 10-12 pips. on that trade i hadnt even put my stop in ye just made up my mind if 1.4857 printed id bail...
KO
koolblue
Rep: 48,651
Posts: 16,032
Beautiful cycle on the one,3 or 5 min charts...should give a good turn point around 12:30 or so
KO
koolblue
Rep: 48,651
Posts: 16,032
Objective for the week reached... 71.9 % winning trades(low for me) but hoping to improve that next week.. time for some sleep
RE
redsixspeed
Rep: 4,111
Posts: 1,711
Originally posted by redsixspeed
edit caculations ^^
stay above 1.412 keeps 1.427 on radar .. next long range target 1.455 .. take out the low of the bull candle patterns change
things ..
=======================================================================
well that 1.4550 long range target got hit fast .. 1.4874 is a key # in my projections ..
CH
chrisp
Rep: 568
Posts: 111
Originally posted by redsixspeedRed,,, just curious how you came to the 4874 #, ??
Originally posted by redsixspeed
edit caculations ^^
stay above 1.412 keeps 1.427 on radar .. next long range target 1.455 .. take out the low of the bull candle patterns change
things ..
=======================================================================
well that 1.4550 long range target got hit fast .. 1.4874 is a key # in my projections ..
thanks
RE
redsixspeed
Rep: 4,111
Posts: 1,711
ChrisP; Out of respect of some others who use this recipe I can't post the caculation .. I would probably get more votes if I did .. as it would explain the thought process .. sorry ..
As for 1.4874 we are there now and I would look for some selling, BUT with the news last night .. idk
As for 1.4874 we are there now and I would look for some selling, BUT with the news last night .. idk
