View Single Post
  #542 (permalink)  
Old 02-26-2008, 05:44 AM
Cowaboi Cowaboi is offline
Senior Member
 

Join Date: Sep 2007
Location: 30mins North of London
Posts: 188
Default

...PipSurfer uses an FXCM feed. Using the FXCM feed through NetDania's PowerCharts there was a valid long entry at the close of the 7am (GMT) candle.

EDIT: 10:15gmt ....and 1st target @700 hit for 30 plus.

EDIT: 10:40 - the hourly fib map provided a 1.382 extension (T1) at 9742 from the chop over the last couple of sessions. Looks highly likely now that this will be hit and gives the second target for the cowabunga trade off the NetDania chart...note to self, start using NetDania for entries. Been using IT-Finance up until now as their MACD-H is easier to read....however if this is a 'topping' area the T1 has a stronger probability of failing...you could say if T1's aren't hit then this usually indicates trend reversal...we'll see. If T1 is hit then i'll be looking to walk the intraday fib again...
Attached Images
File Type: jpg Cowabunga (1) FXCM 26th Feb 08.jpg (59.9 KB, 21 views)

Last edited by Cowaboi; 02-26-2008 at 07:49 AM.
Reply With Quote