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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #32,801
  • Sep 26, 2007 5:03pm Sep 26, 2007 5:03pm
Quoting PipChick
I know what you mean Zor.All H-E double tooth picks breaks loose after 5pm here.lol
Nothing happens between 5 and 6:00pm EST because the CME closes for that hour. For those who don't know, that's where all the futures volume runs through. For those that also don't know, futures and cash trade in tandem, with a "fair value" that separates the two and narrows each day until the new quarter. Since they run together and futures can't be traded during the time frame . . . cash won't do a whole lot.
check out my blog: forexmademillionaire dot com
  • #32,802
  • Sep 26, 2007 5:12pm Sep 26, 2007 5:12pm
Quoting alldra
I went short at 233.11
close SL and TP is 230.00
When you say close short, do you mean you set it at the most you want to lose?

You should set it where your chart dictates. If the chart dictates you set the S/L at more than you can afford to lose, then you should stand aside.

BTW stand aside is a valid position.
  • #32,803
  • Sep 26, 2007 5:14pm Sep 26, 2007 5:14pm
Quoting PipChick
I know what you mean Zor.All H-E double tooth picks breaks loose after 5pm here.lol
Good lord woman, I have not heard that expression in 20+ years
  • #32,804
  • Sep 26, 2007 5:18pm Sep 26, 2007 5:18pm
Quoting Mysticdiver
When you say close short, do you mean you set it at the most you want to lose?
I think that meant close stop loss. So stop is near entry.
  • #32,805
  • Sep 26, 2007 5:18pm Sep 26, 2007 5:18pm
Quoting Mysticdiver
When you say close short, do you mean you set it at the most you want to lose?

You should set it where your chart dictates. If the chart dictates you set the S/L at more than you can afford to lose, then you should stand aside.

BTW stand aside is a valid position.

Well i went short but i'm not extremely confident that it will won't break trend and shoot long. So i set my SL a little above the trend line so i'm covered in case it retraces and then goes way short again or that I don't loose to much in case we are wrong about the short and it breaks trend and goes long.
  • #32,806
  • Sep 26, 2007 5:19pm Sep 26, 2007 5:19pm
Quoting Mysticdiver
Good lord woman, I have not heard that expression in 20+ years
I didn't get the H-E thing but I think I understand her point.
  • #32,807
  • Sep 26, 2007 5:22pm Sep 26, 2007 5:22pm
Quoting alldra
Well i went short but i'm not extremely confident that it will won't break trend and shoot long. So i set my SL a little above the trend line so i'm covered in case it retraces and then goes way short again or that I don't loose to much in case we are wrong about the short and it breaks trend and goes long.
Good, thatswhat I meant. I didn't want to see you using a useless stop
  • #32,808
  • Sep 26, 2007 5:23pm Sep 26, 2007 5:23pm
Quoting Zoran
I didn't get the H-E thing but I think I understand her point.
If you lay the toothpicks down after the H-E they look like lower case L's
  • #32,809
  • Sep 26, 2007 5:24pm Sep 26, 2007 5:24pm
Quoting Mysticdiver
Good, thatswhat I meant. I didn't want to see you using a useless stop
Thanks!
  • #32,810
  • Sep 26, 2007 5:33pm Sep 26, 2007 5:33pm
Well, this may be an extended wing to my reversal target. It's bed time here, which means Aussie + gang are just about to appear so I'll leave it there with a chart. Short from 232.95.
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  • #32,811
  • Sep 26, 2007 5:35pm Sep 26, 2007 5:35pm
Ok, well looks like we've got something going on here. A test of the 50sma and the 15m TL
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  • #32,812
  • Sep 26, 2007 5:45pm Sep 26, 2007 5:45pm
Quoting Mysticdiver
Good lord woman, I have not heard that expression in 20+ years
hehehe..we come from the same era I think! And have kids so we cant say cuss words..lol
  • #32,813
  • Sep 26, 2007 5:47pm Sep 26, 2007 5:47pm
Quoting PipChick
hehehe..we come from the same era I think! And have kids so we cant say cuss words..lol
Back to math homework with my daughter..lol
  • #32,814
  • Sep 26, 2007 5:54pm Sep 26, 2007 5:54pm
Quoting karmostaji
Just came to say one word 'PATIENCE'

Later
and more patience
Trade what you see, not what you think.
  • #32,815
  • Sep 26, 2007 5:56pm Sep 26, 2007 5:56pm
Short closed for +42 and off to bed. Short order sitting at 233.12 with stop at 233.30.
  • #32,816
  • Sep 26, 2007 5:57pm Sep 26, 2007 5:57pm
Quoting karmostaji
and more patience
Karmo, Where can I buy Patience?


kingmaker
  • #32,817
  • Sep 26, 2007 5:58pm Sep 26, 2007 5:58pm
Quoting kingmaker
Karmo, Where can I buy Patience?


kingmaker
I blew up 1 account to learn it
Trade what you see, not what you think.
  • #32,818
  • Sep 26, 2007 6:04pm Sep 26, 2007 6:04pm
Quoting kingmaker
Karmo, Where can I buy Patience?


kingmaker
Just get a tazer, and every time you find yourself not to have patience, give yourself a taze...worked for me :surprised
  • #32,819
  • Sep 26, 2007 6:06pm Sep 26, 2007 6:06pm
Quoting Phonetic
Just get a tazer, and every time you find yourself not to have patience, give yourself a taze...worked for me :surprised
Thanks buddy, ... might try it.

kingmaker
  • #32,820
  • Sep 26, 2007 6:07pm Sep 26, 2007 6:07pm

check out on e-bay...some old model but i think it usefull

Quoting kingmaker
Karmo, Where can I buy Patience?

Quoting kingmaker


kingmaker
"Analysis Is Hard But Trade Is Easy"
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