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Breeze....Update on GBP/JPY

  • #2,381
  • Mar 23, 2008 7:03pm Mar 23, 2008 7:03pm
herewe go again...
  • #2,382
  • Mar 24, 2008 12:20am Mar 24, 2008 12:20am
nzd on the hourly.......
  • #2,383
  • Mar 24, 2008 12:24am Mar 24, 2008 12:24am
ok here we go

Breeze
Market Master
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  • #2,384
  • Mar 24, 2008 12:27am Mar 24, 2008 12:27am
Quoting Breeze
Thanx...i now have the psychological line @ 56%...I'll add more longs if it drops to 53%-52%...theres a strong support @ that 52% lvl...and the ADX is still @ 13%...signalling the trend is still up.

Profitable trading
Breeze
What is an ADX ?
  • #2,385
  • Mar 24, 2008 12:56am Mar 24, 2008 12:56am
Quoting wattawatta
What is an ADX ?
Average Directional Index Movement....

Breeze
Market Master
  • #2,386
  • Mar 24, 2008 11:16am Mar 24, 2008 11:16am
Hello everyone were in good profits its all up to you to take profits now or lockin......!!!!!Congrats!!!!!

Breeze
Market Master
  • #2,387
  • Mar 24, 2008 11:30am Mar 24, 2008 11:30am
Quoting Breeze
Hello everyone were in good profits its all up to you to take profits now or lockin......!!!!!Congrats!!!!!

Breeze
Market Master
Good stuff Breeze. I didn't receive your PM, but have been following along in your thread. Nice trades.
  • #2,388
  • Mar 24, 2008 11:37am Mar 24, 2008 11:37am
Quoting txfx
Good stuff Breeze. I didn't receive your PM, but have been following along in your thread. Nice trades.
Thanx i have now added NZD and GBP and EUR to my Positions all in profits.....I now trade 4 Currecies......let me kno if you want me to add you

Breeze
Market Master
  • #2,389
  • Mar 24, 2008 11:39am Mar 24, 2008 11:39am
PM sent - many thanks.
  • #2,390
  • Mar 24, 2008 12:06pm Mar 24, 2008 12:06pm
Still hoping you'll send me those PMs

Thanks
  • #2,391
  • Mar 25, 2008 1:32am Mar 25, 2008 1:32am
Afernoon all....I have now lockedin NZD @ 0.8000

its all up to you to boook profits if you can.

Breeze
Market Master
  • #2,392
  • Mar 25, 2008 1:38am Mar 25, 2008 1:38am
Quoting Breeze
Thanx i have now added NZD and GBP and EUR to my Positions all in profits.....I now trade 4 Currecies......let me kno if you want me to add you

Breeze
Market Master
I received one pm from you and then nothing. Could you please add me to the list again.
Thanks
Trade what you see, not what you think.
  • #2,393
  • Mar 25, 2008 1:40am Mar 25, 2008 1:40am
NZD....!!!!Congrats!!!!

Breeze
Market Master
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  • #2,394
  • Mar 25, 2008 1:42am Mar 25, 2008 1:42am
Quoting maestr2
I received one pm from you and then nothing. Could you please add me to the list again.
Thanks
Ure still on the list but I think sosmetimes I make a mistake as to who I did send "PM"s and who I didnt send....i'm trying to find an easy way to send to all at once.

Breeze
Market Master
  • #2,395
  • Edited 1:54am Mar 25, 2008 1:50am | Edited 1:54am
gbp/jpy.....here we go again....
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  • #2,396
  • Mar 25, 2008 2:09am Mar 25, 2008 2:09am
Quoting Breeze
Ure still on the list but I think sosmetimes I make a mistake as to who I did send "PM"s and who I didnt send....i'm trying to find an easy way to send to all at once.

Breeze
Market Master

Okay, thanks a lot.
Trade what you see, not what you think.
  • #2,397
  • Mar 25, 2008 2:44am Mar 25, 2008 2:44am
Quoting Breeze
Average Directional Index Movement....

Breeze
Market Master
What does that mean. How do I work it out or where can I find it.
  • #2,398
  • Mar 25, 2008 3:04am Mar 25, 2008 3:04am
Quoting omnipadme
moron? No need for name calling. That's an infraction waiting to happen, lol. I'm really trying to help you out and I apologize if my honesty offended you.

- Trading forex is 100% risk. Trading is a gamble. I'm into that sorta thing, but what's great for me doesn't sound like its good for you.

- Trading is predicting where the market is going to go. I have a system that works well for me. Sometimes, all my indicators will line up and I'll have the perfect entry. Then the next thing you know, the market decides to head in the opposite direction. I have a systematic approach just like everyone else here. Gbp/Jpy is one of the riskiest pairs out there, trading it without a system is suicide.

- You will lose money trading. In fact, when I place a trade, I'm not thinking about how much money I can make, I think about how much I'm willing to lose, so I can limit my risk. If you think you can find a systematic approach that doesn't involve risk, you're in the wrong game.

Trade Well!

Hedging in a sideways market will lose you money - it requires a breakout and a reversal at a lower point to succeed, thus one has to identify targets for hedging - these could be previous reversals on the 4H or daily chart, fibo retracements, or whatever. Lot sizes have to be calculated so that the various scenarios incorporate worst case scenario, which has to be well within the comfort zone. If one does not have this systematic approach, then one has to react to drawdown and apply a counter-balance, but that will simply add permanent drawdown with the need to unwind it when there is more certainty over direction - certainty when you have drawdown is an impossibility, given the emotional effects of drawdown. At the end of the day, a game-plan has to exist for one to manage a situation, so that one can plan for various scenarios.

Let's say that there was a breakout, which one used to apply a hedge (100% hedge), but then an immediate reversal - now there are two equal losing trades ... what does one do? The only thing certain of at this stage (without stops), is that the drawdown will remain the same. Do you "hedge the hedge", cut the hedge losses and hope that the price does not go down again, in which case you may have to hedge again and possibly end up repeating the previous problem. When it comes to hedging, there have to be fine-grained details and a very well defined set of scenarios and strategies. We all know that trading is risky, the last 10 years have taught me that very well, thanks very much, but that is precisely the reason we have to have such well-defined strategy. So far, nothing....
  • #2,399
  • Mar 25, 2008 4:54am Mar 25, 2008 4:54am
Quoting wattawatta
What does that mean. How do I work it out or where can I find it.
go to www.Investopedia.com you'll learn a lot from there.

Breeze
Market Master
  • #2,400
  • Mar 25, 2008 6:42am Mar 25, 2008 6:42am
Quoting indio
Hi Mr Breeze,

Could you pleace add me to your PM list

Thank you
I would like to recive your mesages.

thanks
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