Stopped out. Leaving my desk till later.
Enter The Dragon - GBP/JPY 2 replies
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
Info on the Borihei-Dragon Scalping System? 15 replies
The Dragon 441 replies
***Dragon II*** 15 replies
Disliked{quote} but sometimes it's hard to see the flow, especially around London open, from what I've observed thus far taking trades 40 or so minutes after the London open saves me from getting all tangled up in the trap the big boys placed to catch us. Maybe that's the fakeys ? somedays I find DAX moves up or down without much nuisance while some days it's better to take time off until 2 hours into London. But then again nothing seems to be certain. My brain is exploding on the amount of information it has to processIgnored
DislikedI have 15,010 MA resistance on my H8 chart. It could be very strong. If broken, then the next resistance level I have is around 15,170 on the Daily chart, which, if it can get there, is potentially very strong.Ignored
DislikedI think it will hold, but this is only my view and I could be totally wrong. We are in today's 2nd phase and normally we would achieve 3 phases in a run up. My definition of phases are: 1st phase: first slope is not so steep 2nd phase: is steeper slope 3rd phase: is steepest and last phase If I could get my screen shots working, I could illustrate Normally we have 3 phases (90% of the time) in equities; and I note that in forex that happens in about 50% of the time. (ie 3 phases) Big boys are presently taking out our stops. ha,haIgnored
DislikedYes. Fibs do help, just got remember them. I found on the short runs 70,7% retracement seems to be a favorite; and on the bigger runs 50% and 61,8%Ignored