auslanco, with your system the 4hr is bullish in regards to the strength indicator. So when a bar closes above the TFT and the SI crosses up the 50 line on the 1 hr it is a valid long signal correct? Thanks
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #7,222
- Aug 14, 2007 3:26am Aug 14, 2007 3:26am
- | Joined Dec 2006 | Status: Trader | 1,556 Posts
Damn.. I was all ready to go long from that level.. but missed it
M2B
- #7,223
- Aug 14, 2007 3:28am Aug 14, 2007 3:28am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #7,224
- Aug 14, 2007 3:29am Aug 14, 2007 3:29am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
You had been pretty quiet there for a few minutes. I just figured you were doing some more of your dirty scalping!
M2B
- #7,226
- Aug 14, 2007 3:31am Aug 14, 2007 3:31am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #7,231
- Aug 14, 2007 3:34am Aug 14, 2007 3:34am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #7,234
- Aug 14, 2007 3:36am Aug 14, 2007 3:36am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
I agree. Price hit that 2360.60-50 level like a finger touching a hot stove.
I'm in after the bounce: long at 236.65 stop losss 236.25. TP 100pips.
Jim
Stop loss hit . . . 236.25 . . . got to greedy. Should been happy with 50 pips.
The day is still young.
Jim
Indicators show the past. Price Action "Indicates" the future.
- #7,235
- Aug 14, 2007 3:36am Aug 14, 2007 3:36am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #7,239
- Aug 14, 2007 3:46am Aug 14, 2007 3:46am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Long from 236.50.. another dirty scalp