DougB

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Joined
Markets Allocation
100 % forex
Top Mentioned Symbols
EURJPY 33% | 1 AUDUSD 33% | 1 GBPUSD 33% | 1
DougB DougB GBPUSD, D,
GBPUSD: GBP/USD TARGETS UNFILLED
29 0 1
GBPUSD, D
GBP/USD TARGETS UNFILLED

GBP/USD HAS BEEN BLOWING THRU TARGETS SO WE CONTINUE TO TRAIL PRICE LO TO LO. PARTICIPATION OFF THE 50% SHOWN ON THE CHART ABOVE WITH UNFILLED TARGETS ON THE -.236 & -.618

DougB DougB AUDUSD, D,
AUDUSD: AUDUSD TARGET ACHIEVED
23 0 0
AUDUSD, D
AUDUSD TARGET ACHIEVED

AUDUSD HAS BEEN IN A MAJOR BEARISH TREND, IT HAS BEEN BLOWING THRU TARGETS OVER AND OVER. NOT GIVING US A TRADITIONAL HI TO LO FIB PLAY SO WE TRAIL PRICE WITH EXTENSIONS LO TO LO. PARTICIPATION CLEARLY SHOWN AT THE 50% FIB WITH TARGETS ACHIEVED. I WILL CONTINUE TO TRAIL PRICE WITH FIBS UNTIL I SEE PARTICIPATION AT A FIB AS WELL AS A COUNTER TREND LONG BROKEN (61.8%)

DougB DougB EURJPY, D,
EURJPY: EUR/JPY LONG SETTING UP
22 0 0
EURJPY, D
EUR/JPY LONG SETTING UP

WITH MY STRATEGY I ONLY USE FIBS. I AM ALWAYS LOOKING AT THE LARGER TREND BECAUSE LONG TERM VOLUME PLAYERS ARE WHAT PUSH THE MARKET OUT OF A RANGE. I USE FIBS FOR TRENDS / COUNTER TRENDS TO SEE WHO WILL PARTICIPATE AND DEFEND THE 50% AND 61.8% LEVELS. ONCE THE 61.8% HAS BEEN BROKEN A SUBSTANTIAL AMOUNT YOU KNOW PARTICIPATION IS NOT THERE SO THE OPPOSING MOVE WILL ...

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