Aus, how many trades do you average, using your system. Weekly and Monthly. Do you have trades every day?
Auslanco - GBP/JPY and GBP/USD (newstrade)
I sure do... ... the pair retrace to 241.50 area again. before it will shoot down.. the market is ranging at the moment... nothing will happen until mid asian.
There's is a possibility the price start shoot down again too..
And good morning!
- #5,823
- Aug 9, 2007 5:23pm Aug 9, 2007 5:23pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #5,824
- Aug 9, 2007 5:26pm Aug 9, 2007 5:26pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
I am just reading into threads right now (Mind) Trader Psychology, and all of the other threads addressed to newbies, seeing you up, a question just popped into my mind, why aren't you trading other pairs also? You came to master this pair which is by far I think the most difficult to trade, and you have a sound system for it, you should be able to trade any other pair with at least the same succes as this one..., is it because you folow this to much, and you don't have time for others, is it a habbit only to trade this? have you traded anything else before of this and so on..., I hope you don't mind this questions I am just trying to have an overview of what is really trading all about.
And good morning!
- #5,825
- Aug 9, 2007 5:26pm Aug 9, 2007 5:26pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #5,826
- Aug 9, 2007 5:28pm Aug 9, 2007 5:28pm
- | Joined Aug 2006 | Status: Trader | 1,155 Posts
I am just reading into threads right now (Mind) Trader Psychology, and all of the other threads addressed to newbies, seeing you up, a question just popped into my mind, why aren't you trading other pairs also? You came to master this pair which is by far I think the most difficult to trade, and you have a sound system for it, you should be able to trade any other pair with at least the same succes as this one..., is it because you folow this to much, and you don't have time for others, is it a habbit only to trade this? have you traded anything else before of this and so on..., I hope you don't mind this questions I am just trying to have an overview of what is really trading all about.
And good morning!
I know this could put your account up, or burn it down the fastest way
- #5,827
- Aug 9, 2007 5:29pm Aug 9, 2007 5:29pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #5,828
- Aug 9, 2007 5:32pm Aug 9, 2007 5:32pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #5,829
- Aug 9, 2007 5:35pm Aug 9, 2007 5:35pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #5,833
- Aug 9, 2007 5:41pm Aug 9, 2007 5:41pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Guys, here's a 1hr chart showing where some went long and then the ensuing long craziness.
The yellow arrow shows the fakeout (well sort of) and the first shout for longs by some where the GREEN trendline was compromised. However, the breakout 16:00 candle fails to close above the 50 and then drops below the 38 Fib. We now know we have to wait. The ensuing candle confirms the SHORT is still on.
Now, we can draw and/or redraw a TL as seen in BLUE. This is so because using the upper wicks of the 16:00 and 17:00 candles, we have a powerful intersection of the 50 Fib and the next rejection/confirming candle's upper wick. This gives us 4 solid connecting points.
With 2 more closing candles, we can now redraw as we get the major TL in RED connecting the start of the whole ride down as well as 3 solid candle bodies in perfect harmony.
The purple arrow shows where the start (to include the next arrow as well) of all the long fellows well...went long or got the itch to go long. It's clear that the close of these candles are within the upper/lower TL's and the short still on.
Guys, be patient. This may eventually go long with the double bottom and the current (now 3 hourly) daily low rejections but why make it tough on yourselves? Wait for some sort of confirmation.
Also, most of you would benefit from waiting until Auslanco wakes up from his sleep.
Good luck/Good trading,
kt
The yellow arrow shows the fakeout (well sort of) and the first shout for longs by some where the GREEN trendline was compromised. However, the breakout 16:00 candle fails to close above the 50 and then drops below the 38 Fib. We now know we have to wait. The ensuing candle confirms the SHORT is still on.
Now, we can draw and/or redraw a TL as seen in BLUE. This is so because using the upper wicks of the 16:00 and 17:00 candles, we have a powerful intersection of the 50 Fib and the next rejection/confirming candle's upper wick. This gives us 4 solid connecting points.
With 2 more closing candles, we can now redraw as we get the major TL in RED connecting the start of the whole ride down as well as 3 solid candle bodies in perfect harmony.
The purple arrow shows where the start (to include the next arrow as well) of all the long fellows well...went long or got the itch to go long. It's clear that the close of these candles are within the upper/lower TL's and the short still on.
Guys, be patient. This may eventually go long with the double bottom and the current (now 3 hourly) daily low rejections but why make it tough on yourselves? Wait for some sort of confirmation.
Also, most of you would benefit from waiting until Auslanco wakes up from his sleep.
Good luck/Good trading,
kt
- #5,836
- Aug 9, 2007 5:43pm Aug 9, 2007 5:43pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #5,839
- Aug 9, 2007 5:48pm Aug 9, 2007 5:48pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Guys, here's a 1hr chart showing where some went long and then the ensuing long craziness.
The yellow arrow shows the fakeout (well sort of) and the first shout for longs by some where the GREEN trendline was compromised. However, the breakout 16:00 candle fails to close above the 50 and then drops below the 38 Fib. We now know we have to wait. The ensuing candle confirms the SHORT is still on.
Now, we can draw and/or redraw a TL as seen in BLUE. This is so because using the upper wicks of the 16:00 and 17:00 candles, we have a powerful intersection of the 50 Fib and the next rejection/confirming candle's upper wick. This gives us 4 solid connecting points.
With 2 more closing candles, we can now redraw as we get the major TL in RED connecting the start of the whole ride down as well as 3 solid candle bodies in perfect harmony.
The purple arrow shows where the start (to include the next arrow as well) of all the long fellows well...went long or got the itch to go long. It's clear that the close of these candles are within the upper/lower TL's and the short still on.
Guys, be patient. This may eventually go long with the double bottom and the current (now 3 hourly) daily low rejections but why make it tough on yourselves? Wait for some sort of confirmation.
Also, most of you would benefit from waiting until Auslanco wakes up from his sleep.
Good luck/Good trading,
kt
Good job Ktrade.. didnt know you were a good artist