Here is my new strategy... When prices go up I buy when they go down I sell. Thats it... 
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Cable Update (GBPUSD)
- #25,783
- Aug 20, 2007 3:16pm Aug 20, 2007 3:16pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Here is my new strategy... When prices go up I buy when they go down I sell. Thats it...
You have to wait the cross of the 17 EMA in the 5 min coupled with the 235 EMA in the monthly, then get confirmation that wave 4(iii b)-pace 2, stage 4 is fueled and get ready.
As soon as one candle open in the 1min above the bollinger band with RSI above 48.998 you have a clue of what is coming... Then check the hourly to check the Parabolic SAR dot. If it's gone - NO !!! NO!!! don't trade yet. We are getting there...
Now what? 50 pips gone? What about MY TRADE?
- #25,784
- Aug 20, 2007 3:17pm Aug 20, 2007 3:17pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #25,785
- Aug 20, 2007 3:20pm Aug 20, 2007 3:20pm
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
Sorry bullrock, but that's the worst way to trade...
You have to wait the cross of the 17 EMA in the 5 min coupled with the 235 EMA in the monthly, then get confirmation that wave 4(iii b)-pace 2, stage 4 is fueled and get ready.
As soon as one candle open in the 1min above the bollinger band with RSI above 48.998 you have a clue of what is coming... Then check the hourly to check the Parabolic SAR dot. If it's gone - NO !!! NO!!! don't trade yet. We are getting there...
Now what? 50 pips gone? What about MY TRADE?
Here is my motto:
"Any intelligent fool can make things bigger, more complex and more violent. It takes a touch of genius - and a lot of courage - to move in the opposite direction" Albert Einstein
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- #25,788
- Aug 20, 2007 3:25pm Aug 20, 2007 3:25pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #25,791
- Aug 20, 2007 3:41pm Aug 20, 2007 3:41pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #25,792
- Aug 20, 2007 3:47pm Aug 20, 2007 3:47pm
- Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts
Just Trade It
- #25,794
- Aug 20, 2007 4:00pm Aug 20, 2007 4:00pm
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
There was a show about the oldest people in the world... I was thinking what would happen if I would buy GU now and hold it say for 70 years LONG TERM investment.. Heh
LONG TERM investment.. Heh
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- #25,795
- Aug 20, 2007 4:01pm Aug 20, 2007 4:01pm
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
There was a show about the oldest people in the world... I was thinking what would happen if I would buy GU now and hold it say for 70 years
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- #25,796
- Aug 20, 2007 4:13pm Aug 20, 2007 4:13pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #25,798
- Aug 20, 2007 4:19pm Aug 20, 2007 4:19pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #25,799
- Aug 20, 2007 4:20pm Aug 20, 2007 4:20pm
- Joined Jul 2006 | Status: Trader | 4,090 Posts
I dream, therefore I become.
- #25,800
- Aug 20, 2007 4:23pm Aug 20, 2007 4:23pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
look like the pound is on it's way up, lets see got my orders in.
If there is one thing that sure creeps me out is Moe coming with his "Cable still in downtrend failure of 1.9900 brings 1.2000 next target" and on and on and on.....
