238.50 , just below yesterdays low
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #5,645
- Aug 9, 2007 10:14am Aug 9, 2007 10:14am
- | Joined Dec 2006 | Status: Trader | 1,556 Posts
You bet it is.
Keep up the chart posting. I enjoy seeing different perspectives from a charting standpoint as opposed to those who simply philosophize about what they think is going to happen.
M2B
- #5,648
- Aug 9, 2007 10:20am Aug 9, 2007 10:20am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Yee haaa!!!!!
mannn how beautiful can things get!!, i had to go out for some time, just got back since my last post, and guess what, that darn thing did just like i expected
i had a buy limit at the bottom of the channel at 239.00 and a stop loss 50 pips below it!! the good part is that i had a 200 pip take profit
which went through. this is one the best trading days. i love it when things happen like i expect them to be 20% of the time, hehehehe
anyway, i think it's going to test the bottom again, and if it doesn't break, my ass is going long again!
i hope everyone made some pips!!
good luck all!
mannn how beautiful can things get!!, i had to go out for some time, just got back since my last post, and guess what, that darn thing did just like i expected
i had a buy limit at the bottom of the channel at 239.00 and a stop loss 50 pips below it!! the good part is that i had a 200 pip take profit
which went through. this is one the best trading days. i love it when things happen like i expect them to be 20% of the time, heheheheanyway, i think it's going to test the bottom again, and if it doesn't break, my ass is going long again!
i hope everyone made some pips!!
good luck all!
- #5,650
- Aug 9, 2007 10:23am Aug 9, 2007 10:23am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
239.20 yesterday rock hard support like you said, also the base of the chanel that everbody is talking about, plus the run downwards for about 400 pips(it was tired like you said: ), and yes the indicators were showing a retracement, come to think of it the only way it was going to go was up, I don't know why I didn't go long?!
, anyway your statement at the start of this thread about taking you 8 months to make 100$ a week is the only thing that keeps me going, when I want to enter I wait for more confirmation and then I find myself with an entry in the midle point of two important levels and ofcurse I screw it up, I try hedging that doesn't works for me..., everbody is saying that they make xxx pips per day I only end up losing or to breakeven
. Even though I think I got the basics from your strat something keeps me from wining, so for the moment I decided to only watch the price movements maybe just maybe something will go into my thick head!
Yee haaa!!!!!
mannn how beautiful can things get!!, i had to go out for some time, just got back since my last post, and guess what, that darn thing did just like i expected
i had a buy limit at the bottom of the channel at 239.00 and a stop loss 50 pips below it!! the good part is that i had a 200 pip take profit
anyway, i think it's going to test the bottom again, and if it doesn't break, my ass is going long again!
i hope everyone made some pips!!
good luck all!
- #5,656
- Aug 9, 2007 10:52am Aug 9, 2007 10:52am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
For some reason I was thinking that today is Friday, I'm going crazy... LOL
Thanks for the links about the DOW chart, I'll look into it later and analyze it for tomorrow
Thanks for the links about the DOW chart, I'll look into it later and analyze it for tomorrow
Trade what you see, not what you think.
- #5,659
- Aug 9, 2007 10:54am Aug 9, 2007 10:54am
- Joined Nov 2006 | Status: Trader | 3,112 Posts
I updated my mesa analysis to show the accuracy of my methods Just wait until you see my Grand Canyon analysis!!!http://farm2.static.flickr.com/1407/...b8caede8b3.jpg
Just wait until you see my Grand Canyon analysis!!!http://farm2.static.flickr.com/1407/...b8caede8b3.jpg 