The Will is Greater than the Skill
Auslanco - GBP/JPY and GBP/USD (newstrade)
Always trade what you know not what you here. My friend just talked me out of a short at 203.22 a few minutes before the news. My target was 201.70. I had 30 lots in. I'm thinking he might be my ex-friend now. Told him he better run if he sees me.
Not really mad. there will always be another trade but definately have to ignore his comments in the future.
Not really mad. there will always be another trade but definately have to ignore his comments in the future.
- #72,265
- Apr 8, 2008 2:52am Apr 8, 2008 2:52am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #72,270
- Apr 8, 2008 2:59am Apr 8, 2008 2:59am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
I'm out at 201.50 area, price might be headed back to 201.80 before heading back down. . .
Good short trade all - I'm going to bed =
Good short trade all - I'm going to bed =
- #72,272
- Apr 8, 2008 3:03am Apr 8, 2008 3:03am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
I'm out at 201.50 area, price might be headed back to 202 before heading back down. . .
Good short trade all - I'm going to bed =
- #72,273
- Apr 8, 2008 3:14am Apr 8, 2008 3:14am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
have a good dream for u
Oh well can't be too greedy huh? Will catch it when it retraces back up a bit!
Good night all, I'm signing off for real this time, it's 3:15 a.m. gotta get some sleep!
- #72,274
- Apr 8, 2008 3:24am Apr 8, 2008 3:24am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Good night all, I'm signing off for real this time, it's 3:15 a.m. gotta get some sleep!
me too, stayed up and pinched another 10 off UJ but this is it for real. nitey nite all.
FUBAR...
- #72,276
- Apr 8, 2008 3:57am Apr 8, 2008 3:57am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Well, seeing that Serverlang is absent from the classroom, here ya go. had to do considerable digging, but if its on the internet I'll find it,
Discipline + Patience - Fear - Greed = Success
- #72,277
- Apr 8, 2008 4:04am Apr 8, 2008 4:04am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
One last thing before I signoff. Almost every mt4 chart is based on the concept of a fixed unit of time (5min, 15 min 30 min etc). Volume is therefore important. But supposed we turned that model on its ear, and declared volume and time to be irrelevant. Leaving only price. After all, we make money on changes in price only, volume and time only facillitate the changes in price.
Now if we change the modeling of charts, the x-axis becomes, not fixed intervals of time, but variable. This is such an exciting concept.
Below, I have a chart based solely on price movements NOT TIME. Each bar's length is pre-defined by me. Therefore I have set each bar to be 50 pips in total length. It does not matter how long it takes, the next bar will not form until it has done 50 pips, from top to bottom. Notice the variable time of the x-axis. Some of these bars took 3 hours to form and I don't care how long it took, all I need to know, when the trend starts, I know where its going.
I kept out of this pesky ranging market by using this fixed pip bar chart, and when one of these bars close solidly out of the range, I will be long or short.
This type of charting is tremendously useful, not the least of which is, it avoids a lot of congestion that occurs during slow periods.
... by the way, do you know any indicator which converts our regular charts in MT4 to this type of chart? Will be appreciated if you find something and share it here. I will try to search in the net to see if I can find something that sort ...
Cheers
Discipline + Patience - Fear - Greed = Success
- #72,279
- Apr 8, 2008 4:52am Apr 8, 2008 4:52am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
it seem nice dream , good luck to all dreamers
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