CF, awake yet? HSIK8, short 082@11:15, sq 082@11:20, gave it 5min, which was too much room pure PA trading on short TF, my bad. Trigger level was at 075, lucky to have negative slippage and being able to get out B/E due to that. The index is tight as a virgin today, first 60 min only have around 100 pts range.. (10 to 11am, ignoring preopening for the future contract)
Hi CF , yes,I'm finding the fib fans are looking accurate, along with drawing straight lines to a point.... I'm just discovering what looks obvious to my eye so far.... like drawing tops to bottoms,tops to tops,bottoms to tops, etc....and it all seems to come together at these precise 'convergence points.... is that what Gann does? I'm still so new to all this that I'm sure I have more things to learn, but so far this trendline analysis seems like its right on target. here's my current forecast for the next big drop down.... I think if the Euro doesnt keep moving strong paast 15550 into 156....there is a good possibility that it can nose dive very soon ...around 15537 area....sudden drop to a54 and 153... in that area Ive marked. I'm curious as to your opinion .... T
Tom, Unfortunately I am not very familiar with fans (both Fib and Gann) so can't advice on that... My bigger picture view now is ambivalent. We have broken down from hourly TL, thats bearish for sure. But still need a confirmation before I can say if we move down or there can be more leg up...
Good morning CF, it looks like you see this a bit different than I do, hourly still looks up to me ...
cv, Bigger hourly channel is indeed up, but it almost reached it's upper TL and have broken down from traverse TL...