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- Goonerboy replied Aug 23, 2010
ur point being?
- Goonerboy replied Aug 23, 2010
if the indicators work for you and you're good with them then fine but most people just add them to the chart and take a punt because the fib line says so, or the bolly band says so, or its the 5th wave says so... others just draw lines at support ...
- Goonerboy replied Aug 23, 2010
Your username probably puts us on the same page... no fib, no math, no bolly, no wave... price action, volume, momentum for me... are we bullish or are we bearish, 2 simple questions that I have always asked myself. Buy strength, sell weakness. ...
- Goonerboy replied Aug 20, 2010
100% correct with that. i've been short all morning so I am safe but to others waiting that is sound advice
- Goonerboy replied Aug 20, 2010
i'm with you on that as well... could well push up a bit here but sooner rather than later I reckon the low of the move will be scrutinized again...
- Goonerboy replied Aug 20, 2010
7 consecutive bars on my 1600 vol chart stop at the 20ma and move lower again... will it hold? trapped underneath the 20ma on my 1600vol and above the 20ma on my 400 vol charts
- Goonerboy replied Aug 20, 2010
20ma on the 1600vol chart has had 5 attempts to break up through, held each time. higher low on the 400vol chart and trading above the 20ma now - first technical sign of the move slowing let's see what this PA tells us
- Goonerboy replied Aug 20, 2010
but support and resistance get broken so many times... surely the trip on the way down just today has shown that. i hope your trade works, I really do, at least you are safe in the trade now but that is such a low probability trade and a risky one. ...
- Goonerboy replied Aug 20, 2010
why take that trade? buying into so much weakness? sure it could go up but surely wait until it gives a good signal to get long again. please don't get me wrong I really hope your trade works out for you but it is such a low probability high risk ...
- Goonerboy replied Aug 20, 2010
me too but I like to trade the days based on my longer term planning, i trade positionally and daily.
- Goonerboy replied Aug 20, 2010
i'd like that because I want to get more added to my long from 1.1880
- Goonerboy replied Aug 20, 2010
plan the trade out before you place it and have a target. watch the price action to tell you what is happening. what is the momentum of the move? where is it heading? why is it heading there? what is the likelihood of a move back up? what is the ...
- Goonerboy replied Aug 20, 2010
nah, the ECB will intervene again at 1.1873 :-)
- Goonerboy replied Aug 20, 2010
let's see what happens - if 2600 holds we should see a return to the upside, then short around April/May next year. This is all in my trading plan.
- Goonerboy replied Aug 20, 2010
support and resistance — always expect support and resistance to be broken... it might not always happen but I always start with the premise that they will not hold.
- Goonerboy replied Apr 12, 2010
everybody who trades should be forced to tattoo this across the inside of their eyelids so that when they sleep it gets indelibly printed onto their brain... well said that man :-)
- Goonerboy replied Apr 12, 2010
[quote=leksyde;3629515] more can be read at our free blog but I cant post the URL here because it is against da rules...
- Goonerboy replied Apr 12, 2010
The fact that an indicator is either extremely oversold or overbought is not a reason to take a trade. It is a mere consideration, no better than that. We buy and sell for a specific reason, and it is not support and resistance either. Shock! ...
- Goonerboy replied Apr 12, 2010
and that is me done 60 pips profit in 34 minutes, cost me $20 fees and commissions and I had my stop limit moved up to saftey at entry +1 in less than one 400 volume bar...
- Goonerboy replied Apr 12, 2010
stop now moved to entry +20 at 1.3610 $500 already taken, $250 locked in and only 4 contracts sold 27 minutes ago.