Perfect fib retracement in EUR

Discussion in 'Forex' started by DannyBly1, Feb 6, 2008.

  1. Last night we saw the EUR retrace to the 50% level to the pip....let's see if that 1.4590 level can hold...
    • fib1.jpg
      File size:
      121.8 KB
  2. 1.4590 was 61.8% wasn't it?

    Are all those little blue triangles Buy trades?
  3. I was looking at that. See 1 yellow triangle. Can you scale out with that software? If those are all buys........
  4. I think they're Oanda charts, can't remember if those little triangles are orders or trades though.
  5. Correct, .618 it is.

    It's also .786 of the next swing up and a 1.272 ext of the next swing up.
  6. H*Pi


    Those are Oanda fills on long trades.
  7. Pretty sure it's Oanda. Triangle up is a buy. Triangle down is a sell. Pretty sure the red dot was a pending limit order. All those buys were on a descending candle. Is that called counter trend trading? I must be missing something.
  8. Thanks H*Pi (how do you pronounce that!)

    Wow, someone's serious about their averaging!
  9. I'm trading $/Cad so haven't been watching, is it a good trade?
  10. What you're missing you wouldn't want to find!

    Trying to catch a falling knife is painful, I think the round red dot was a stop.
    #10     Feb 6, 2008