makforex
发表于 2012-11-23 00:27
The short squeezes have been going on for several trading sessions.
makforex
发表于 2012-11-23 00:30
本帖最后由 makforex 于 2012-11-23 00:32 编辑
Roughly speaking, 1.2900 is the 50% Fibonacci numberbetween (1.2655, 1.3135).
But I am not dogmatic about that, just a tool ! No majic number indeed !
Maple+
发表于 2012-11-23 00:31
The short squeezes have been going on for several trading sessions.
makforex 发表于 2012-11-23 00:27 http://y2.cn/images/common/back.gif
Well, squeezingtoo much .................I believe it is out of juice now.............. Do you think 1.29 is top of wave 4 ?
makforex
发表于 2012-11-23 00:35
本帖最后由 makforex 于 2012-11-23 00:38 编辑
Quite subjective , if you begin at 1.2650.
Well 1.2900 is the golden number indeed ! (1.2650, 1.3150), A rule of Thumb.
There are weapons in the arsenal. Using suitable tools at the right moment is more important.
: art and science !
makforex
发表于 2012-11-23 00:37
My trading philosophy is flexible and I am an open mind person.
makforex
发表于 2012-11-23 00:41
Softwareis just a reference, rational judgement is vital !
makforex
发表于 2012-11-23 00:43
Now the short position is in the money, take partial profit of 26pips, with immediate objective around 1.2850.
makforex
发表于 2012-11-23 00:45
Add one more short position of cable at 1.5950 with short term objective at 1.5870
makforex
发表于 2012-11-23 00:48
OK the magic number is 1.2900 : the 50% Facbonnci number of (1.2655, 1.3155)
One of the popular numbers among wave technicians . Good night.
Maple+
发表于 2012-11-23 00:50
Well done and good night, mate.