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- Professor4x replied Feb 23, 2009
I guess since i was told this was a gbp forum one time that allserene was refering to gbp. That was my intial response. got it!
- Professor4x replied Feb 23, 2009
paint drying is exciting is you love the color. This stall and consoladation going on for gbp is great and as long as she stays above 1.45 we will be dancing going into overnight. Trade gbp/jpy if you want action she dances the most and longest ...
- Professor4x replied Feb 23, 2009
Already explained why jpy is moving higher. Euro is lack of confidence in EU right now becasuer of tensions amoung counties and alot of finger pointing going on. But based on my longs from friday, aussie, short swissy, long gbp, long gbp/jpy they ...
- Professor4x replied Feb 23, 2009
Dollar buying??? gbp/usd closed under 1.44 on frida and hit 1.4650 today. Dont understand.
- Professor4x replied Feb 23, 2009
Yes in long gbp at 1.46 as mentioned earlier. The study i use mostly is the Slow stochastics using 5,5,5 pks. When you see a stretch in current market price verses moving avg price it tells you two things can happen. First in order to issure trade ...
- Professor4x replied Feb 23, 2009
The market has not priced in yet move for GDP in uk. Until tuesday's close will not commit. With major news annoucenments it's best to be out or on the sidelines waiting on direction and not trade into fast market becasue its your worse execution ...
- Professor4x replied Feb 23, 2009
You realize 170 is 3200 pips from here on gbp/jpy. When your looking for a big score to hit the market it's not a bad idea to throw the smallest postion you trade and use a 1000 pip stop and 3000 pip target because done properly it represents a 10% ...
- Professor4x replied Feb 23, 2009
Totally bad for dollar because it represents a complete colloapse of our financial system and that is normally first step in the devalution process of any currency. So world will sell dollars expecting much worse scenerio for dollar. Short dollars ...
- Professor4x replied Feb 23, 2009
Do you understand the difference between a direct pair and indirect pair. All pairs have two compenents. Base/ Counter currency. Eur/Usd is an example of direct pair because its price movement is directly related to strength or weaking of usd(U.S. ...
- Professor4x replied Feb 23, 2009
good one. Prof is here to offer guidance and make the forex a better place for everyone. Not here to dominat forum and control converstions. When throw our knowledge take it for what it's worth to YOU. Never here to take away any thing you ...
- Professor4x replied Feb 23, 2009
Since fundamentals have drasticallly changed in past 10 trading days in japan the jpy which people were buying because of a safe haven due to their trillions in dollar reserves the jpy has been going down. Since the pair is an indirect pair to usd ...
- Professor4x replied Feb 23, 2009
Exhaustion Stall GBP — Trendlines: It has been established that a break in the trend caused by penetration of a trendline results in either an actual trend reversal or a slowing in the pace of the trend, although it may not always be possible ...
- Professor4x replied Feb 23, 2009
nice resistence there??? Support is below current market price and resistance is above that is what book says so totally confused. When resistance is broken it becomes new support line and when support is broken becomes new resistance. ...
- Professor4x replied Feb 23, 2009
TOTALLY LONG with large.
- Professor4x replied Feb 23, 2009
got it. Just found it hard to use stack strategy using trailers because more times than not stop triggers and you lose open entry. What ever works best for you is all that matters.
- Professor4x replied Feb 23, 2009
Dont understand, If you SL hit that means your original short open position is now closed so how can you stack if your out?
- Professor4x replied Feb 23, 2009
and we wil make jammer think. Sounds like the making of reality tv show. Trade to Survive!!
- Professor4x replied Feb 23, 2009
My average time frame for holding trades is 14 hours so alot will happen in between but like my plan because its very hard to get in at bottom and sell at top. Everyone that nickel and dimes this market normally beat them selves up because they miss ...
- Professor4x replied Feb 23, 2009
Not sure why you exited your short trend trade already expect you must use a trailer. Trailers work best on swing or day trades so apparently that is your style. Will stay with my stop at 1.47 and target 4430. Just for interest.
- Professor4x replied Feb 23, 2009
When we enter a trade plan it is written in stone and we move on to next. If we move our stop or target during trade we had no plan at all. Also makes trading alot more fun because we know exactly what risk is taken and what reward to expect so no ...