Q, looks like your EU trade is going to pay off big time. Congrats!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #62,982
- Feb 21, 2008 11:40am Feb 21, 2008 11:40am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
closed longs at 211.70, will wait for some retrace to load up more longs, trend is up for me.
Trade what you see, not what you think.
- #62,984
- Feb 21, 2008 11:43am Feb 21, 2008 11:43am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Easy day to trade, I love such days
Indicators show the past. Price Action "Indicates" the future.
- #62,985
- Feb 21, 2008 11:46am Feb 21, 2008 11:46am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
I agree. The hardest part, karmo, was the Patience part of it.
Trade what you see, not what you think.
- #62,986
- Feb 21, 2008 11:46am Feb 21, 2008 11:46am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
I agree. The hardest part, karmo, was the Patience part of it.
..have a nice pips today...
- #62,987
- Feb 21, 2008 11:47am Feb 21, 2008 11:47am
Hmm..im lost..i never look at the volume on forex before.Yes in equities market the volume is an important thing..but in forex? what is that volume indicate? is that number of transaction or also cover the size of every trade? I do notice that some--few of broker insert that indicator to their software but still cant understand the utility of that indicator.The FX market is decentralized and therefore, these volume figures aren't indicative of the crowd.Please en light me.2 cents
Slap a volume indicator on your chart, I think it will speak volumes! =
BEAR volume - HUGE
BULL volume - MINIMAL!
PRICELESS!
- #62,988
- Feb 21, 2008 11:47am Feb 21, 2008 11:47am
- Joined May 2007 | Status: I Love EMAS! | 1,968 Posts
retracement came just as expected, longs are loaded just like how I planned, now it's time to kick in the patience indicator.
- #62,989
- Feb 21, 2008 11:47am Feb 21, 2008 11:47am
retracement came just as expected, longs are loaded just like how I planned, now it's time to kick in the patience indicator.
First congratulations on your upcoming wedding .
Wish you happiness and health.
What was your 50% retrace on this recent retracement.
Thank You !
- #62,990
- Feb 21, 2008 11:49am Feb 21, 2008 11:49am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Right behind you, there Karmo.....
Karmo,
First congratulations on your upcoming wedding .
Wish you happiness and health.
What was your 50% retrace on this recent retracement.
Thank You !
50% is 210.49
Trade what you see, not what you think.
- #62,991
- Feb 21, 2008 11:49am Feb 21, 2008 11:49am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
hi my friend...
have a nice pips today...
Indicators show the past. Price Action "Indicates" the future.
- #62,992
- Feb 21, 2008 11:51am Feb 21, 2008 11:51am
Having patience and controlling your emotions is the hardest part of the game, but once you learn to control your emotions and have some patience, trading will be much easier.
Agreed, I've had shorts open since Friday last week. Patience feels much better when not paying swap
Shorts still open...I don't find myself on the opposite side of the fence from Karmo very often, but I do have a long from 210 that has been brewing for about 2 weeks
- #62,993
- Feb 21, 2008 11:52am Feb 21, 2008 11:52am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Measure twice, cut once
- #62,994
- Feb 21, 2008 11:53am Feb 21, 2008 11:53am
Keep up the good work
Thank you Rusty
50% is 210.49
I expect DOW to hold 12350. But it is the NY session and who knows what could happen.
Have learned a lot from your 50% rule on this beast !
Thank You again !
- #62,995
- Feb 21, 2008 11:55am Feb 21, 2008 11:55am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
congratulations on your upcoming wedding karmo...
...
...
- #62,996
- Feb 21, 2008 11:57am Feb 21, 2008 11:57am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #62,997
- Feb 21, 2008 11:57am Feb 21, 2008 11:57am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Keep up the good work
Thank you Rusty
50% is 210.49
Indicators show the past. Price Action "Indicates" the future.
- #62,998
- Feb 21, 2008 11:57am Feb 21, 2008 11:57am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
congratulations on your upcoming wedding karmo...
Trade what you see, not what you think.
- #62,999
- Feb 21, 2008 12:00pm Feb 21, 2008 12:00pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
210.60 is a strong S/R, it is also the weekly pivot
210.49 is the 50% fibo
we have 50ema, 100sma, 200ema, all at 210.50 on 1H chart
Jarroo calls it CONFLUENCE, in simple words it means that it might be hard for price to get back below it.
Indicators show the past. Price Action "Indicates" the future.
