1hr is still refusing to cross down.. If and When it does cross.. we will see the prices below 219. But 220 is a Psycological level.. so be cautios
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #10,263
- Aug 17, 2007 12:51am Aug 17, 2007 12:51am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
Originally Posted by markam http://www.forexfactory.com/images/buttons/viewpost.gif
And every so often, just say screw it and make a wild trade.
love the humour in here
And every so often, just say screw it and make a wild trade.
love the humour in here
- #10,264
- Aug 17, 2007 12:54am Aug 17, 2007 12:54am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
1hr is still refusing to cross down.. If and When it does cross.. we will see the prices below 219. But 220 is a Psycological level.. so be cautios
what is TFT in your chart??
- #10,265
- Aug 17, 2007 12:56am Aug 17, 2007 12:56am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
My short is STILL waiting at 221.55
There is no major retracemnt to the upside to be seen.. But the 1hr has not cross down, makes me a bit Itchy.. Overall I think still the market wants to go deeper before a major retracemnt.. You will be fine
- #10,266
- Aug 17, 2007 12:56am Aug 17, 2007 12:56am
Only trade manually, and watch every minute when you are trading. Only enter the highest probability trades and keep a tight stop. Scale into good trades with additional orders so you can minimize risk while still making good profits.
And every so often, just say screw it and make a wild trade.
Understood. Thanks for the sound advice.
- #10,272
- Aug 17, 2007 1:01am Aug 17, 2007 1:01am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Do we wait for the 10?
Well, it crossed and went back to sitting on top of each other.
1 hr just crossed but not confirmed yet.. 10min nowhere near cossing down.. I dont go short as yet
- #10,274
- Aug 17, 2007 1:02am Aug 17, 2007 1:02am
Gents
Can anyone help define the term 'Sell on rallies' & 'buy on dips' in their own understanding. What do we have to identify in order to recognise that those two terms are happening.
Hope some one can help....
Can anyone help define the term 'Sell on rallies' & 'buy on dips' in their own understanding. What do we have to identify in order to recognise that those two terms are happening.
Hope some one can help....
- #10,277
- Aug 17, 2007 1:06am Aug 17, 2007 1:06am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
10 it is... then do we need a retrace to 10 5sma?
Thanks much for your help.
- #10,278
- Aug 17, 2007 1:09am Aug 17, 2007 1:09am
best point is @ 1hr 5 sma.. but if there is a massivive momentum, price always dont retrace to 1hr 5sma before a dip. So as closer to 1hr or 30 min will do.. but not more than 50 pips away to 5 sma 1hr
- #10,279
- Aug 17, 2007 1:13am Aug 17, 2007 1:13am
Gents
Can anyone help define the term 'Sell on rallies' & 'buy on dips' in their own understanding. What do we have to identify in order to recognise that those two terms are happening.
Hope some one can help....
Have to first establish how the market is trending (bullish= up) (bearish= down)
To sell on a rally = market trending down (bearish) look for sell signals
buy dips = buying on retracements (bullish pull back in bearish trend)
Hope that helps.
