Starting it off.
Al
RA
rat89
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Posts: 7,015
this is funny - the algo traders have a sense of humor:
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MA
MarcinO
Rep: 67
Posts: 5,506
Last night Cable started what seems to be a significant bullish correction.
This morning it stopped at the first support level is giving a reaction, most likely to 1.3970 or 85 (prices for 6B H18 futures).
Once it is done I thinkt it will drop to 1.3890 and then to 1.3860. Here is the thing with the latter level - it comes with two different timings. The first one, shown in the second chart, indicates it may be hit today. But there is also an alternative timing as late as the end of this week/beginning of the next one.
This morning it stopped at the first support level is giving a reaction, most likely to 1.3970 or 85 (prices for 6B H18 futures).
Once it is done I thinkt it will drop to 1.3890 and then to 1.3860. Here is the thing with the latter level - it comes with two different timings. The first one, shown in the second chart, indicates it may be hit today. But there is also an alternative timing as late as the end of this week/beginning of the next one.
Click image for original size
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
The reaction made it to 1.3993, almost marking DT but now Cable is dropping nicely.
Waiting for new LOD.
Waiting for new LOD.
Originally posted by MarcinO
Last night Cable started what seems to be a significant bullish correction.
This morning it stopped at the first support level is giving a reaction, most likely to 1.3970 or 85 (prices for 6B H18 futures).
Once it is done I thinkt it will drop to 1.3890 and then to 1.3860. Here is the thing with the latter level - it comes with two different timings. The first one, shown in the second chart, indicates it may be hit today. But there is also an alternative timing as late as the end of this week/beginning of the next one.
AL
albert
Rep: 99
Posts: 3,094
Paper Trading. Made a bit near the OPEN on RKDA. Used TWS Market Screener to find RKDA. Exported RKDA data and list as csv. Loaded cvs data via spreadsheet into Stockcharts - and followed RKDA on TWS chart and Stockcharts chart. I saw later that trading was suspended at about 9:30 CST for RKDA. Measured fibos from half-gap as roofer has suggested.
Al :--)
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Al :--)
RA
rat89
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Posts: 7,015
nem 5 - then and now:
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AL
albert
Rep: 99
Posts: 3,094
Paper trading. I made a small bit this morning shorting GBP.USD INTO A 0.618 fibo, DUH. Small Kane ABCD in GE, but I did not trade this one.
Al
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Al
AL
albert
Rep: 99
Posts: 3,094
rat,
Cool charts!
I am still paper trading. I got stopped out of two trades this morning - CERS and QCOM. I set my stops too close to the price action. Drat. I exited a third trade, WDC, too soon, for a loss. Double Drat.
Al
Cool charts!
I am still paper trading. I got stopped out of two trades this morning - CERS and QCOM. I set my stops too close to the price action. Drat. I exited a third trade, WDC, too soon, for a loss. Double Drat.
Click image for original size
Click image for original size
Click image for original size
Al