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- Mbalta replied Nov 29, 2006
What I usually do is to write down on my trading journal the values expected. Are they USD bullish or bearish? How has the pair been trading? On a 240 min chart I check EMA 50 and 100. On a 5 min chart I check MACD, for momentum and trade based on ...
- Mbalta replied Nov 29, 2006
yes wallboroff. I was stopped earlier a. Then went long after a break at 1.94394. Took profit at 1.95260. Now it's time to short again!
- Mbalta replied Nov 29, 2006
Also Short — 240 min chart Short @ 1.94920, openning of the candle, RSI reading 68.12. Stop Loss @ 1.9525 Target @ 1.94050 Happy Trading
- Mbalta replied Nov 29, 2006
Well it depends — I use 5 minute charts for momentum trading, along with MACD for price confirmation either up or down. On this setup I only trade breakouts that give me 20-30 pips in an hour, if not less. For 240 minutes or daily I use RSI ...
- Mbalta replied Nov 29, 2006
GBP for today... or maybe not — Well guys, my technical overview is as follow. On a 240 minutes chart, GBP is looking extremely overbought, my fibo 0.618 extension level comes in at 1.96764 and the highs were at 1.95430. So leg 1 on the ...
- Mbalta replied Nov 28, 2006
Shorting GBPUSD — Well I took a blow yesterday shorting GBPUSD @ 1,93680, but got stopped @ 1,94000, only to see it rise another 70 pips... I believe traders will push it to 1,50000, it's so near... No news from UK might be good news to USD ...
- Mbalta replied Nov 27, 2006
Nice Mr. Wallboroff — I understand what you mean. I went short at the openning of the 16PM candle. Go for it. My money is already in. Good trading!
- Mbalta replied Nov 27, 2006
GBPUSD short play — Well, I'll go short. Chart at 240min, RSI signals overbought conditions (73.94) since 11/22/06, 08AM and MACD is in positive territory, trading above EMA 50 and 100, ocassionaly breaking upper BB twice. Upside momo appears ...
- Mbalta replied Nov 27, 2006
I work with forex.com — And we get along fine. At least they do what they promisse. Even though I can't complaint on what happened this week, i got filled on 3 of my trades (they we're synthetic) and took a -20 pip hit on an exotic. These ...
- Mbalta replied Nov 27, 2006
Well Monday is not going to be your friend — You should have placed a stop loss order. News from eurozone are supposed to be EUR positive. Expecially germany. German Newspapers always leak some info before the officials come out. The EURUSD, ...
- Posts by Member Search: 'Mbalta'