Dislikedsure thing man! Hey I'm going to send you a PM over the weekend about trading longer timeframes if you want.Ignored
Much appreciated!
Auslanco - GBP/JPY and GBP/USD (newstrade)
:--even once in a week.Have a nice weekend.
- #63,203
- Feb 22, 2008 12:26pm Feb 22, 2008 12:26pm
- | Joined Nov 2006 | Status: Seeking Light | 1,059 Posts
I second the motion regarding posting live trade calls. A better idea would be to post live account statements. And yes withdrawals as well.
Also we could ask the powers that-be to rename this thread to "Scalpers Anonymous" or "Unanimous". Take your pick.
A plethora of good ideas floating around....
Also we could ask the powers that-be to rename this thread to "Scalpers Anonymous" or "Unanimous". Take your pick.
A plethora of good ideas floating around....
- #63,205
- Feb 22, 2008 12:33pm Feb 22, 2008 12:33pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
I second the motion regarding posting live trade calls. A better idea would be to post live account statements. And yes withdrawals as well.
Also we could ask the powers that-be to rename this thread to "Scalpers Anonymous" or "Unanimous". Take your pick.
A plethora of good ideas floating around....
- #63,206
- Feb 22, 2008 12:40pm Feb 22, 2008 12:40pm
- Joined Apr 2006 | Status: Trader | 2,429 Posts
I used to just trade intraday too man, but honestly, I make so much more money now that I have moved up to higher timeframes...I wish I would have listened to Jim (James16), and just started there instead of lower timeframes. It's difficult at first because you wont be used to seeing a trade go against you 200 pips or so and you'll want to close out...trust me on that lol After you get the hang of it, it's a lot less stressful for you. Stocks do need to be held onto because every stock wants to expand and naturally expand upwards. In forex, each economy wants their currency to do well, so it's a big tug o' war.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #63,207
- Feb 22, 2008 12:52pm Feb 22, 2008 12:52pm
- Joined Nov 2007 | Status: Trader | 3,060 Posts
same chart new day....
maybe nest week we will get this onsolidation business over with
good trading all!
maybe nest week we will get this onsolidation business over with
good trading all!
- #63,208
- Feb 22, 2008 12:53pm Feb 22, 2008 12:53pm
- Joined Jul 2006 | Status: Trader | 4,090 Posts
I dream, therefore I become.
- #63,209
- Feb 22, 2008 12:56pm Feb 22, 2008 12:56pm
- Joined Jul 2006 | Status: Trader | 4,090 Posts
let me borrow a couple hundred k mike.
I dream, therefore I become.
- #63,210
- Feb 22, 2008 1:17pm Feb 22, 2008 1:17pm
- | Commercial User | Joined Dec 2006 | 1,016 Posts
Based on weak GBP and GOLD you can look at the AUSUSD and see sells off of fibs and GBPJPY as long as downtrend was in effect sell of fibs also....and there a few other secrets LOL..
Nice trade. What was this base on again?
- #63,211
- Feb 22, 2008 2:52pm Feb 22, 2008 2:52pm
- Joined May 2007 | Status: I Love EMAS! | 1,968 Posts
- #63,212
- Feb 22, 2008 3:14pm Feb 22, 2008 3:14pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
I am enjoying eating my humble pie now as I am booking my longs from previous dip buying.
- #63,213
- Feb 22, 2008 3:18pm Feb 22, 2008 3:18pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
I used to just trade intraday too man, but honestly, I make so much more money now that I have moved up to higher timeframes...I wish I would have listened to Jim (James16), and just started there instead of lower timeframes. It's difficult at first because you wont be used to seeing a trade go against you 200 pips or so and you'll want to close out...trust me on that lol After you get the hang of it, it's a lot less stressful for you.
Trade what you see, not what you think.
- #63,214
- Feb 22, 2008 3:18pm Feb 22, 2008 3:18pm
- Joined May 2007 | Status: I Love EMAS! | 1,968 Posts
Well done man .. there is a support line around 210 areas. Now, it seems it has some steam to move upward. This pair is lovely to trade, just like .. live or die kind of
- #63,215
- Feb 22, 2008 3:21pm Feb 22, 2008 3:21pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
LOL, maybe in a couple years MM! Hopefully nobody will ever need to borrow money because we will all be millionaires through our careers. That sounds like a big dream, but you gotta have big dreams in order to fulfill your goals as they say. I know this is the g/j thread but check out the cad/jpy...lookin primed and ready for a downweek.
Trade what you see, not what you think.
- #63,216
- Feb 22, 2008 3:24pm Feb 22, 2008 3:24pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Something is going to happen next week.........the channel cannot hold forever! I am biased towards the south.......
Patience + Discipline - Greed = Success
- #63,218
- Feb 22, 2008 3:30pm Feb 22, 2008 3:30pm
- Joined May 2007 | Status: I Love EMAS! | 1,968 Posts
One day I'll be a millionaire (I might be now but not my own money LOL), and have a couple of Lambo's and Ferrari's
If you have faith in your charts, and discipline to stick to your plan, you will get your dreams.
My goal is to use Forex to fund a missionary project in a third world country, teaching modern farming and fishing techniques to enable the villagers, those who desire to, anyway, to become profitable each month with systemized growing techniques.
- #63,219
- Feb 22, 2008 3:34pm Feb 22, 2008 3:34pm
- Joined May 2007 | Status: I Love EMAS! | 1,968 Posts
- #63,220
- Feb 22, 2008 3:38pm Feb 22, 2008 3:38pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
The same RSI div that took me in a short off the top of gbpjpy at 211 got me into a long on both the GBPJPY at 210.25 and the dj-30 at 12170. Bull divergence showed up on both charts on a 5 min on an rsi14.
Esignal somehow calculates the RSI differently from all other software and pushes it into those overbought / oversold trigger zones on a more regular bases. The rsi shown comes standard as part of the software.
The interesting thing is that the DJ-30 ripped 250 points , but the GBPJPY only 100.
Just a point of interest .. is this due to no traders around on a Friday , or the knowledge that they do not want to take on risk as they know the news on ABK that drove the market up is designed to support the bond curve ?
Now it is my turn to eat humble pie. The news and markets reaction may continue into next week. We may test and even break out of that 212 zone if it does. The way the dj-30 shot up today could have been a pure impulsive move , or a real move that will have follow thru next week. The DJ reaction to the news blew apart my thoery for next week for now till I see what happens Sunday / Monday(markets dropping). There is plenty of economic news coming out of the US that could still support my theory and over shadow the news this afternoon.
I do not have the courage to position trade in this market. I prefer to day trade during the European / Us overlap and during US market open.
I am going to endeavour next week to makes a few calls as they happen.
I am new to posting to this forum , but one of the guys has a good point about making the calls as they happen . There have been a few good calls in the last few days though. Seems to be a great bunch of traders in here.
If I seem to make comments that are somewhat simple for the more expereinced traders it is beacuse they are aimed at the Newbies to give them some pointers.
Esignal somehow calculates the RSI differently from all other software and pushes it into those overbought / oversold trigger zones on a more regular bases. The rsi shown comes standard as part of the software.
The interesting thing is that the DJ-30 ripped 250 points , but the GBPJPY only 100.
Just a point of interest .. is this due to no traders around on a Friday , or the knowledge that they do not want to take on risk as they know the news on ABK that drove the market up is designed to support the bond curve ?
Now it is my turn to eat humble pie. The news and markets reaction may continue into next week. We may test and even break out of that 212 zone if it does. The way the dj-30 shot up today could have been a pure impulsive move , or a real move that will have follow thru next week. The DJ reaction to the news blew apart my thoery for next week for now till I see what happens Sunday / Monday(markets dropping). There is plenty of economic news coming out of the US that could still support my theory and over shadow the news this afternoon.
I do not have the courage to position trade in this market. I prefer to day trade during the European / Us overlap and during US market open.
I am going to endeavour next week to makes a few calls as they happen.
I am new to posting to this forum , but one of the guys has a good point about making the calls as they happen . There have been a few good calls in the last few days though. Seems to be a great bunch of traders in here.
If I seem to make comments that are somewhat simple for the more expereinced traders it is beacuse they are aimed at the Newbies to give them some pointers.
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