This is one of those things that when you look back at the chart you almost certain that this could have been a right signal to enter. But in the real time I can't quite jump in, not clear
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DislikedThis is one of those things that when you look back at the chart you almost certain that this could have been a right signal to enter. But in the real time I can't quite jump in, not clearIgnored
DislikedThis is why sometimes technical signals just dont' always work and why g/j and g/u are gapping down and will go down
The [UK] Govt has rocked the boat by announcing on Sunday that it had decided to nationalise ailing lender [Northern Rock] after considering that private takeover bids, namely from the Virgin Group as well as a management buyout, were inadequate. Defending its decision, Chancellor Darling said the nationalisation would be a temporary measure, and that the public would gain if the govt held on to Northern Rock until market conditions improved. Ron Sandler, who is widely regarded as having restored confidence in Lloyd's of London after its years in financial disarray, has otherwise been appointed to run the bank on a day to day basis. In a saga which has lasted almost six mths, the surprise move is seen by many as reflecting the depth of the credit crisis, and being widely dubbed as a further embarrassment to the Govt.Ignored
DislikedThis is a great system. No indicators, simple price action.
Watch the 50's and 100's, especially on the gbp/jpy. It bounces off them to the pip most of the time. Attached indicator draws 50 and 100.
Keep up the good work.Ignored
DislikedHello fellow traders out there!!
I would like to ask tt is this considered a valid signal to enter? a doji formed when price was rejected at S3. or is it to enter after the bullish spinning top formed?
Hope to hear from u guys
Good trades to u all,
Yuna
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DislikedThat was a really good signal Yuna! I made 55pips on that trade myself. We had a nice 200pips run down in the g/j...then price consolidated and tried to go down for 3hrs but couldn't. That last final attempt where it touched S3 and bounced right back up was the "signal" to enter the trade. Good eye...keep up the good work!Ignored