Aus-- i hr actually crossed back up or running parrell--so everyone--hold your horses still
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #10,282
- Aug 17, 2007 1:18am Aug 17, 2007 1:18am
Think I got this one. Someone correct me if I'm not clear or missed the landing pad altogether
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.
Thanks Jamcivic, thats what I thought it would mean....but I just needed confirmation coz over here I dont have anyone to talk about Forex with.....
- #10,283
- Aug 17, 2007 1:22am Aug 17, 2007 1:22am
This pair gets very crazy and you can make and loose very fast. I had $700 dollars earlier today in my account and I now have $2300. I realize your a yardie so am I. mi know a grand U.S is alot to loose so be very carefull
Yes iya. I have been paying close attention in this class and running demo for practice. Anxious to make a few live trades but being patient. yeah @ J$69 to US$1 it aint no joke buddy
. Hoping to make it funny someday
- #10,285
- Aug 17, 2007 1:22am Aug 17, 2007 1:22am
- | Membership Revoked | Joined Feb 2007 | 1,280 Posts
- #10,289
- Aug 17, 2007 1:34am Aug 17, 2007 1:34am
- Joined Nov 2006 | Status: Trader | 3,112 Posts
Maybe your patented screw trade is in order...
, not stupid. I closed my 1 scalp and have been tempted by all the ups and downs here, but so far have been able to resist.
- #10,290
- Aug 17, 2007 1:35am Aug 17, 2007 1:35am
- Joined Nov 2006 | Status: Trader | 3,112 Posts
I'm crazy
- #10,295
- Aug 17, 2007 1:38am Aug 17, 2007 1:38am
guys--just somethin off the topic:
this huge move down of g/j and other pairs too---there are a lot of systems out there which if one followed would have caught the move. Systems which involve--moving average crossovers, stochastics, or some other bullshit indicator---many if not all would have shown u how bearish these trends have been. the key is to have proper entry/exit rules and MM as usual.
now my point is and i find it very funny just thinkin about it---is to see how many traders/scammers come out with a website/programme/expert advisor which shows how they captured this whole move and try to sell it newbies--- its happened b4 when moves like these happen--few weeks later some website comes out and claims to make 1000-2000 pips/week if u follow their system---so everyone WATCH out and just have a LAUGH when u see such sites.
i just feel for the newbies who get sucked into these SCAMS
Aus-- has a very simple and effective system and if u follow it the right way with enough patience--u will succeeed--
back to my charts !!
- #10,298
- Aug 17, 2007 1:43am Aug 17, 2007 1:43am
- Joined Nov 2006 | Status: Trader | 3,112 Posts
I said screw it.