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- chart artist replied Jul 3, 2009
Still Ranging — I look for the GBP/JPY and GBP/USD to stay within a 500-600 pips range for then next month or so. But it doesn't have to range just because I think it will. I will trade whatever the charts give me.
- chart artist replied Jun 26, 2009
Nothing — Folks, Looking at the daily chart, price may close above the yellow trend line. Moving to a 4 hr. chart, price has retested the yellow trend line and closed above. But there is lower highs and higher lows. For me, it is wait time ...
- chart artist replied Jun 24, 2009
I am moving stop into profit @ 157.50.
- chart artist replied Jun 23, 2009
possible long — If price on 4 hr. chart closes above 157.30 I will take a buy trade on GBP/JPY. Stop Loss at 156.30. two targets for profits 158.30 for half and 159.30 for the second half. When first target is achieved, then I will move stop ...
- chart artist replied Jun 23, 2009
indicators — All indicators are lagging. What I mean is that they react to price action. They do not dictate to price as to what should happen. Also, I never won or lost on a trade because of what an indicator did. I only make or lose based on ...
- chart artist replied Jun 20, 2009
Two Charts — I rather trade from the center out. if you notice the GBP/USD there were several longs over the past several weeks. Right now it seems to be in a wedge. I will only look for shorts on cable when it breaks the solid red trend line. ...
- chart artist replied Jun 19, 2009
nice trade — This was a nice trade. First target has been hit. Lock stop loss in profit. It is a shame, I went to sleep one hour to soon.
- chart artist replied Jun 19, 2009
Break of trend line — No trade until candle closes either above or below trend lines of the 1 hr. chart. I will miss it because I need to sleep.
- chart artist replied Jun 19, 2009
no trade — well no trade. shutting down the platform for the night
- chart artist replied Jun 18, 2009
cautious 1 hr. possible buy — The 1 hr. chart has a lower high fractal and a lower low that may form a lower low fractal. Based on the 4 hr. and daily, I may take a buy if price can close above the previous candle @ 157.84. With a stop below ...
- chart artist replied Jun 18, 2009
Leary of short selling — The low on the daily chart is still higher than the previous fractal low by about 9 pips. And yesterday's candle closed back above the center line of BB. By the way, the platform daily close time is 8 pm eastern time. ...
- chart artist replied Jun 17, 2009
Not going to short sell quite yet — IMO, The overall trend hasn't changed downward quite yet. I would like to see a low below the previous low fractal at 154.83-85 before saying that the trend is no longer upward. See attached chart. So far, ...
- chart artist replied Jun 16, 2009
Stopped out for 50 pips profit — Just got back in front of the computer and saw that I had been stopped out for 50 pips profit. Now to look for the next set up.
- chart artist replied Jun 16, 2009
Will close half — I plan on closing half of my lots at the BB Band and leave the other half at 158.05 with 50 pips locked in. I am clearing my take profit of 156.44 with hopes of a continuation below that level. We will see!
- chart artist replied Jun 16, 2009
So far so good — Stop is in profit @ 158.05 for 50 pips.
- chart artist replied Jun 16, 2009
Possible Short — If price holds below the yellow and white trendlines, then I will short sell when the 1 hr. chart shows a good entry point. my sell entry will be if the price closes below the low of a 1 hr. candle. until then, no trade. My ...
- chart artist replied Jun 15, 2009
Tomorrow — Tomorrow is decision time. Either it will go back up away from the trendline (then, I will go long) or it will break the trendline and I will look for a short based on a 4 hr retrace.
- chart artist replied Jun 14, 2009
Trendline — Connect a trendline along the bottom three fractals and at least wait to short after a daily candle closes below the yellow trendline.
- chart artist replied Jun 14, 2009
not quite time to sell — I am waiting for a fractal failure below the upper BB before I am willing to short this monster. As long as it continues to hit the upper band, then we should wait and buy on the dips at the fractals around the middle ...
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