Hey Karmo,
if possible, could you teach us drawing trend lines (or precisely, how YOU identify and draw them) on your thread this weekend?
Thank you.
~G.
Trade what you see, not what you think.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #15,041
- Aug 24, 2007 4:11am Aug 24, 2007 4:11am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
- #15,044
- Aug 24, 2007 4:16am Aug 24, 2007 4:16am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #15,046
- Aug 24, 2007 4:21am Aug 24, 2007 4:21am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
STRATEGY BUY AT 231.40...is what I did..Daily studies are bullish and retracement may still target a full 61.8% to 239.00. Break below 231.5 targets the 228.8 pivot again.(
HUh... 1hr QQE has not even crossed the fast line ... Which strategy is this???
- #15,048
- Aug 24, 2007 4:26am Aug 24, 2007 4:26am
- | Commercial User | Joined Dec 2006 | 1,016 Posts
Im currently up 71pips
my new preference: Long positions above 230.9 with targets @ 232.97 & 234.57 in extension.
Alternative scenario: Below 230.9 look for further downside with 229.79 & 228.12 as targets.
Comment: the RSI is rebounding on its support, the pair should post a new bounce.
my new preference: Long positions above 230.9 with targets @ 232.97 & 234.57 in extension.
Alternative scenario: Below 230.9 look for further downside with 229.79 & 228.12 as targets.
Comment: the RSI is rebounding on its support, the pair should post a new bounce.
- #15,049
- Aug 24, 2007 4:28am Aug 24, 2007 4:28am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Yehh why not.. But only for demo accounts
- #15,050
- Aug 24, 2007 4:28am Aug 24, 2007 4:28am
- | Joined Jul 2006 | Status: Trader | 1,364 Posts
- #15,052
- Aug 24, 2007 4:30am Aug 24, 2007 4:30am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Im currently up 71pips
my new preference: Long positions above 230.9 with targets @ 232.97 & 234.57 in extension.
Alternative scenario: Below 230.9 look for further downside with 229.79 & 228.12 as targets.
Comment: the RSI is rebounding on its support, the pair should post a new bounce.
Oh ok.. I have a different strategy.. and it's ranging right now
- #15,053
- Aug 24, 2007 4:34am Aug 24, 2007 4:34am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #15,055
- Aug 24, 2007 4:36am Aug 24, 2007 4:36am
- | Commercial User | Joined Dec 2006 | 1,016 Posts
I has been for hours...building up divergance to blow up in a direction...and this is overall a LONG currency it is not common to short if so no for major profits it happens mostly when the DOW JONES IS FALLING..
Oh ok.. I have a different strategy.. and it's ranging right now
- #15,056
- Aug 24, 2007 4:40am Aug 24, 2007 4:40am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #15,057
- Aug 24, 2007 4:40am Aug 24, 2007 4:40am
Hi Guys....
Read This!
TOKYO (Reuters) - A financially savvy Tokyo housewife who made 400 million yen (1.7 million pounds) trading in foreign exchange markets was fined on Friday for evading tax, a court official said.
Yukiko Ikebe, 60, got a suspended jail sentence and was fined 34 million yen, after she used relatives' names to make her gains look smaller and avoid paying tax, NHK said.
"She felt it was unfair to have to pay tax on her gains, when she made losses some years," NHK quoted the judge as saying. "She spent the money on kimonos and jewellery."
Forex trading has become more popular in recent years in Japan, where low interest rates have led retail investors to seek new sources of profit.
: )
This is months old ... unless they caught another one making the same amount and evaded tax
- #15,060
- Edited 5:01am Aug 24, 2007 4:46am | Edited 5:01am
- Joined Mar 2007 | Status: Pip pip | 2,692 Posts
LOL.. When the price fell over 3000 pips , were you still calling longs???
You can verify it at http://www.fxsurfer.com/forums/showt...p?t=60&page=28 and http://www.fxsurfer.com/forums/showt...p?t=60&page=27
I also mentioned it in the Daily GBP/JPY analysis section about 3 weeks ago. http://www.forexfactory.com/showthre...16691&page=846