Dow is still going up. You may make your target Aus.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #8,188
- Aug 15, 2007 9:37am Aug 15, 2007 9:37am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #8,195
- Aug 15, 2007 9:41am Aug 15, 2007 9:41am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #8,196
- Aug 15, 2007 9:41am Aug 15, 2007 9:41am
- Joined Nov 2006 | Status: Trader | 3,112 Posts
Isn't that what the french used to say when they were wandering around north america?
- #8,198
- Edited 9:55am Aug 15, 2007 9:45am | Edited 9:55am
After 4 weeks or so trading GJ and with Auslanco and Karmostaji as teachears this are the conclusions at which have arrived:
ONLY trade with the trend 1H, 4H, enter at 5SMA 1H set a SL of 100-150 pips, TP at the first important fib from the nearest run(usualy on 4H) that should be at least 200pips so you don't go crazy when the trade turns against you. After that go and drink a beer soda coffe anything, or better yet do something useful (in my case bang your head on a wall or something realy hard but don't mess with the trade adjusting SL or TP).
And one more thing if 5SMA 1H is near an important fib level like daily or better yet weekely, you can't go wrong(well it depends on which side of it, it is
)
This should be the guide lines for every newbie or so I think...
ONLY trade with the trend 1H, 4H, enter at 5SMA 1H set a SL of 100-150 pips, TP at the first important fib from the nearest run(usualy on 4H) that should be at least 200pips so you don't go crazy when the trade turns against you. After that go and drink a beer soda coffe anything, or better yet do something useful (in my case bang your head on a wall or something realy hard but don't mess with the trade adjusting SL or TP).
And one more thing if 5SMA 1H is near an important fib level like daily or better yet weekely, you can't go wrong(well it depends on which side of it, it is
) This should be the guide lines for every newbie or so I think...
- #8,200
- Aug 15, 2007 9:46am Aug 15, 2007 9:46am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts