Alternative Technical Templates.

[zenocorp]

Originally Posted by tonymand

This is Jimmys trade idea from earlier in the day getting exactly to target for a greater than 3R return. Not a bad 3 hrs or so work!

i missed this trade. was sleeping juz now. wat a waste. =)

[IMG][/IMG]

[tonymand]

Well Zen just wait for the next opportunity. The break has occurred so will we get a retest as a possibility to get short. We are a long way down for the day but the comments from the UK treasury over the weekend were so bearish (even made the Australian business section of our daily) that there could yet be more in this. Remember just look for the low risk entry. Of course if still short from Jimmys idea then its all looking good

[JimmyMac]

There are plenty of opportunities all over the place recently if you use the generics of what’s presented on here.

I just took a quick peek at the Swiss as it hustles a long range s&r zone from back in Jan.

Using the exact same principles advocated on this thread, you’d have filled your boots inside this upper range (executing in line with the dominant flows) & you now have some markers to prepare for any continuation action if the technicals line up.

It might struggle to make any more headway today, given it’s already covered it’s average daily ( currently 115 pips) range, but you certainly got some pretty neat lower levels to lay your markers down on.

[droog]

Is there anywhere that lists the daily averages of currencies?

cheers4now

[Andrewunknown]

Originally Posted by droog

Is there anywhere that lists the daily averages of currencies?

cheers4now

Average True Range (ATR) always comes in handy for this information, and is typically available with most charting packages.

[Tess]

Originally Posted by droog

Is there anywhere that lists the daily averages of currencies?

Jim did locate a file for MT4 some place which plotted the short (1&5 day) + mid-term (10, 20 & rolling day) averages for something Jocelyn was working on, but they binned the file a while back.

We got a geek here who pulls all that sort of stuff together for us via spreadsheets etc.

I'll see if Jos has any recollection of it's whereabouts when she saunters in later.

[tonymand]

Originally Posted by Tess

Jim did locate a file for MT4 some place which plotted the short (1&5 day) + mid-term (10, 20 & rolling day) averages for something Jocelyn was working on, but they binned the file a while back.

We got a geek here who pulls all that sort of stuff together for us via spreadsheets etc.

I'll see if Jos has any recollection of it's whereabouts when she saunters in later.

That came from bpips, I think this is the one

[tonymand]

Fairly typical retest behaviour here that could provide a way in to the downtrend

[Ray_1]

I took a trade at the GU.


An OB formed which resisted a trendline and close below the resistance level.

[Ray_1]

I exited the trade at a support level of 1.7800.