Thursday, 4 March 2010

04 March 2010

Sorry I didn't get to finish yesterdays post but all in all a poor day. I kept damage to a minimum and ended up around 40 ticks down so could of been a lot worse and the moves at the start of the week mean that I'm still on track.

I made a cheeky video in the afternoon as I had some time on my hands and It shows a slightly different setup.

I looked at a different pair as well just to try and keep it interesting. This setup works nicely for a wider range so it fits well with what we have seen with the large GBP moves and it also throws in some fibs so mixing it up a little. I'm not to sure if it's the traditional way Fibs are used but it works for me and provides a good way to scalp a larger range after a large move so I thought I would post it. The trade itself wasn’t fantastic and only made a small profit but It shows one of the ways I like to use fibs.For some reason I couldn't upload it so I put it on youtube, (sorry its a little fuzz)

http://www.youtube.com/watch?v=kjkhkUYCHAU&feature=player_embedded

Fairly dull morning for me so far, Would like to post a setup but I haven't really got one. Can't see myself doing anything until after all the GBP news. Tried shorting this morning and took a small loss so I'm staying out for now as price action is pretty poor.

Soo back to waiting for me.

Thanks

Pozzy

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