Life is too short to have anything but delusional notions about yourself.
- #3,406
- Apr 26, 2007 2:03pm Apr 26, 2007 2:03pm
- | Commercial User | Joined Jan 2007 | 1,442 Posts
update on charts posted last night:
aud/cad: +9
gbp/jpy: +9
usd/jpy: +71
gbp/usd: +89
(all figures taken from entry point and incl. spread)
p.s. there was a lot more on offer during the day, particularly in the first two pairs - these are just the number of pips you would book if you held and then closed now.
aud/cad: +9
gbp/jpy: +9
usd/jpy: +71
gbp/usd: +89
(all figures taken from entry point and incl. spread)
p.s. there was a lot more on offer during the day, particularly in the first two pairs - these are just the number of pips you would book if you held and then closed now.
- #3,407
- Apr 26, 2007 2:17pm Apr 26, 2007 2:17pm
nice. how were your stops placed on these ones?
update on charts posted last night:
aud/cad: +9
gbp/jpy: +9
usd/jpy: +71
gbp/usd: +89
(all figures taken from entry point and incl. spread)
p.s. there was a lot more on offer during the day, particularly in the first two pairs - these are just the number of pips you would book if you held and then closed now.
Life is too short to have anything but delusional notions about yourself.
- #3,411
- Apr 26, 2007 3:31pm Apr 26, 2007 3:31pm
I took that one and enjoyed it.
I hope 2mas made some dough on that one.
Yeah mate, I entered half my position on the retrace to 8344 (50%) and the other half on the break, tp at 8260, that was v.good one.
Thanks to Jim and all of you for helping and sharing the knowledge.
- #3,412
- Apr 26, 2007 4:05pm Apr 26, 2007 4:05pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Actually I find this one looks worst, thanks to surrounding s/r traps.
Considering american indices, unless asian ones tank, these xxxJPY are going to rise.
Same story for Kiwi and AUDUSD. But this is just guesswork
I'm half an hour past my bedtime, so forgive me if I'm off on some things.
Also that GBPUSD thing is tiny...but if it works, all the better, I'm still short from the IB. Actually pondering adding to a genuine 1.9990 break...still 90 minutes to close here.
Hope this stuff doesn't mess up in the next 7-8 hours.
N8n8...
The wizard....honest, the only real criticism I had was that AUD/CAD for not being the type of place you'd want a PB(even if it did "work" in this case).
All the other stuff reads pretty confirmatory even now and was not meant as any sort of advice or something...sorry if I put you off(even though it doesn't read that negative to me, I put some highlights..), but I shouldn't have been able to do that in the first place.
The lesson here is one I learnt a long time ago and still am reminded off whenever I take anything someone else who I believe is a senior trader to heart and mess up my own trading because of it:
Ignore them.
Ignore everyone. Really. Make your own mistakes, no matter how stupid, stick to your own plan, no matter how many bail.
I can tell you now - a lot of folks ejected out of that cable short too early, including me. However, I stubbornly held on to a last piece, because really a part of me was expecting more than a measly mini-dip below 1.9990.
And here we are, 90 pips lower.
Just because they've traded longer or more or whatever doesn't make anyone clairvoyant. We're all just guessing at probabilities here.
Point being - don't change your plans or actions just because others have a different perspective. Be an autistic trader.
Don't ignore sensible warnings from your CHARTS, but try to ignore other people because you have to learn and trade your OWN style in the end.
No harm done either way I hope.
And in my defense, the xxxJPY rose like I wrote and a break entry below 1.9990 would have worked fine and dandy, too ;P
Just saying! Hehe...please, don't listen to others, listen to your chart and your heart, not only because it rhymes...
This goes for anyone reading and watching, too! =)
Take care,
SeekingLight
Trust price. Know yourself.
- #3,413
- Apr 26, 2007 5:15pm Apr 26, 2007 5:15pm
Moneybags,
Yeah mate, I entered half my position on the retrace to 8344 (50%) and the other half on the break, tp at 8260, that was v.good one.
Thanks to Jim and all of you for helping and sharing the knowledge.
There was a very similar looking pin only inverted in the EURAUD.
That one went for 100 pips.
All the best,
Tom
- #3,415
- Apr 26, 2007 5:33pm Apr 26, 2007 5:33pm
Hi Guys,
As I am studying this precious thread, I remember an important observation posted by Seekinglight or Mike, not sure, long time ago ( at the very beginings of the thread) about the thursday massive runs for the GBP/USD, which he mentioned always happen to retrace around 50 pips and then continue the run in the same direction on Friday for another 100+pips
Anyone remembers that post better?? I am searching for it now.
Any ideas??
Thanks to Jim and all of you guys.
2mas
As I am studying this precious thread, I remember an important observation posted by Seekinglight or Mike, not sure, long time ago ( at the very beginings of the thread) about the thursday massive runs for the GBP/USD, which he mentioned always happen to retrace around 50 pips and then continue the run in the same direction on Friday for another 100+pips
Anyone remembers that post better?? I am searching for it now.
Any ideas??
Thanks to Jim and all of you guys.
2mas
- #3,416
- Apr 26, 2007 5:35pm Apr 26, 2007 5:35pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hi Guys,
As I am studying this precious thread, I remember an important observation posted by Seekinglight or Mike, not sure, long time ago ( at the very beginings of the thread) about the thursday massive runs for the GBP/USD, which he mentioned always happen to retrace around 70 pips and then continue the run in the same direction on Friday for another 100+pips
Anyone remembers that post better?? I am searching for it now.
Any ideas??
Thanks to Jim and alll of you guys.
2mas
- #3,418
- Apr 26, 2007 5:57pm Apr 26, 2007 5:57pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Was me.
I even made a seperate thread, called it "double down days" or similiar. I was poking fun at the 50 indicator systems with it since its sole rule basically was "it's a Friday, and cable just fell a lot the other day".
It's just a rule of thumb, not a real setup. An observation, if you so wish.
All it says is that if cable does one of its infamous drops of 200+ pips on one day, it's usually likely to get a second day like it. Have seen it happen often on Thursdays+Fridays, that's why the mention of the day...
Basically, if you aren't short from above 1.9970, don't go short without a reason down here...
One golden rule always was "don't enter in the middle"....be worse if you entered at the low
I'm an hour past bedtime, so good night all..
I even made a seperate thread, called it "double down days" or similiar. I was poking fun at the 50 indicator systems with it since its sole rule basically was "it's a Friday, and cable just fell a lot the other day".
It's just a rule of thumb, not a real setup. An observation, if you so wish.
All it says is that if cable does one of its infamous drops of 200+ pips on one day, it's usually likely to get a second day like it. Have seen it happen often on Thursdays+Fridays, that's why the mention of the day...
Basically, if you aren't short from above 1.9970, don't go short without a reason down here...
One golden rule always was "don't enter in the middle"....be worse if you entered at the low
I'm an hour past bedtime, so good night all..
Trust price. Know yourself.