Starting it off.

Al

Another extremely slow day for the Cable...

key spot for spy here, where:
279.29 - 254.67 = .447 at 265.68
266.64 - 258.00 = .886 at 256.66

uup 60 - bear abcd at .382?

nem break out and run to the first median line target area, with .886 at 41.20

rat,

Go NEM!

Al

Kane DB ABCD completing at 0.618 fibo. I lost a bit paper trading a PUT option on this one. I got scared out at Point D. A tiny bit of fibo work here could have made a nice trade for me. Situation Normal.







Al : --|

OOPS. I did not intend to leave those lines above and below the 20 sma on the chart. Sorry. Please disregard them. I had been looking at some indicator work by a guy named Steve Primo and left them on the chart by mistake.

Originally posted by albert

Kane DB ABCD completing at 0.618 fibo. I lost a bit paper trading a PUT option on this one. I got scared out at Point D. A tiny bit of fibo work here could have made a nice trade for me. Situation Normal.

Click image for original size

Click image for original size

Al : --|


Al

I don't know for how long I will sustain such a crapped price action in the Pound.
After a day full of data from US, including FOMC minutes, it made 60 pips of choppy range. April so far is the worst period this year...

The Pound reacted to this area yesterday and is now making another approach to break above 1.4260.
There is a lot of resistace around 1.4300 and then at 1.4360-70.

Originally posted by MarcinO

It's falling down, most likely to 1.4190, where I guess it will reverse, but there is a buch of data from US in 15 minutes, so be careful.

3 hours of European session and the Pound remains in 25 pips range. Another shitty day.

Paper trading. Made a bit on AEO in the upmove at the OPEN. Made a bit on AEM. Lost some on GM by trading against the 0.886 fibo retrace, and roofer's "Beauty and Simplicity," DOH! Made some on HES, including a call option. On HES, I liked the 0.618 fibo at the STO Trough after the Gold Cross.


Al :--)