USDJPY is nibbling at the figure.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #9,541
- Aug 16, 2007 10:52am Aug 16, 2007 10:52am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #9,542
- Aug 16, 2007 10:52am Aug 16, 2007 10:52am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
It is called "wishful thinking".
Yeah, I had to post it when i read it....long in this market....???
O. well my profits have to come from some where...
yeah, I know, Time to take back what the big guys have been taking from the little guys for so long.
Humble Lifetime Member
- #9,543
- Aug 16, 2007 10:52am Aug 16, 2007 10:52am
If you want to go by the book, you'd set your SL to the appropriate point on the chart (fibos, resistance). Then you determine your lot size to the risk percentage you're willing to take. Ie, if you want 2 %, then you compute how many units you can put in the position according to the set SL. Oanda doesn't have set lot sizes, so it's easy. With other brokers, it might be a balancing act. Hope it makes sense.
- #9,544
- Aug 16, 2007 10:53am Aug 16, 2007 10:53am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Green pips will come to the one's who have patience, dont panic and are bored most of the time
Trade what you see, not what you think.
- #9,545
- Aug 16, 2007 10:53am Aug 16, 2007 10:53am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #9,547
- Aug 16, 2007 10:56am Aug 16, 2007 10:56am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #9,549
- Aug 16, 2007 10:57am Aug 16, 2007 10:57am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #9,551
- Aug 16, 2007 10:58am Aug 16, 2007 10:58am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Green pips will come to the one's who have patience, dont panic and are bored most of the time
Good nite, and I remember the colour [orange]
Thank you Guys
- #9,552
- Aug 16, 2007 10:58am Aug 16, 2007 10:58am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
Markam...
give it a push!
when I said, it moves in waves, I didn't mean that! - #9,553
- Aug 16, 2007 10:59am Aug 16, 2007 10:59am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #9,555
- Aug 16, 2007 11:01am Aug 16, 2007 11:01am
I'll get my eyes crossed because of the fibs, is just that I try to be like master Karmostaji here
.
I have a theory that all of the levels come from previuos fibs that acted as support resistance so we have many intersections there so after the time pases we will have levels there.
Another question Karmostaji, do you draw your fibs like you said from points after a movement has exahusted or do you bend this rule a bit so that your fibs come closer to the curent price level, I am asking this because like I see it the curent weekly upwards movement started on 17.07.2005, but if you draw from there you won't have any important retracements closer to what the price is now.
P.S I am only asking you these things because you were complaing that you are bored
:
.I have a theory that all of the levels come from previuos fibs that acted as support resistance so we have many intersections there so after the time pases we will have levels there.
Another question Karmostaji, do you draw your fibs like you said from points after a movement has exahusted or do you bend this rule a bit so that your fibs come closer to the curent price level, I am asking this because like I see it the curent weekly upwards movement started on 17.07.2005, but if you draw from there you won't have any important retracements closer to what the price is now.
P.S I am only asking you these things because you were complaing that you are bored
:
- #9,558
- Aug 16, 2007 11:03am Aug 16, 2007 11:03am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
1st target reached @ 225.70
Trade what you see, not what you think.
- #9,559
- Aug 16, 2007 11:03am Aug 16, 2007 11:03am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts