Closed both positions for pos 120 pips in total... so that leaves me with 255 pips positive for the week.and no open positions at present
Have to get back to my "real" job now. Chat later.
like it's need to shoting up
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ex member
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Nice profits there fellow intraday momentum players, and yes I slept through my alarm 
but it's definately the way to do it.
Like taking candy from a baby that doesn't even like candy!!
but it's definately the way to do it.Like taking candy from a baby that doesn't even like candy!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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- Apr 25, 2008 8:06am Apr 25, 2008 8:06am
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By the way Nav, thanks for your comments last night, kept me in check on a trade which could have cost me... Thanks again.
Jim
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Expected the unexpected
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When life gives you lemons, make lemonade
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- Apr 25, 2008 8:16am Apr 25, 2008 8:16am
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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Errrr whats going on, well everytime you trust a candle formation and trade it you lose money, faily easy.
The market is just chopping around, reacting to news, news came in okay on forecaste so gbp goes up, going short on something that is going up, and trying to pick a top = losses, as simple as that.
to be honest the candle formation on chart at vital area is the edge in trading if u ask me...i just dont trust them right now as there was a reluctance to go up and then all of a sudden shot up..the candle pattern actually backed the move up, just that i hestitated cause of risk:reward
no way any1 knew it would shot up like it did ..candle stick patterns are the way to trade and are a leading indicator of price action ...but better indicator is there? and as u know already i dont use much less and actuallyapart from exiting winnig trades early ..im doing great....
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- Apr 25, 2008 8:38am Apr 25, 2008 8:38am
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Inverted hammer and hangling man on 1H chart after long bullish candle indicates reversal. Doesn't always work I agree but probability is good.
M30 same setup, woulda got U short @1.9850, 1.9890 stop
M15, Short 1.6865 same stop, notice it's getting less of a stop and a better every price. ( had a fake out though earlier on )
M5's is to fast for candle pattern trading.
and back to M1, thats better
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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- Apr 25, 2008 8:39am Apr 25, 2008 8:39am
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If I Go Broke Trying Then I Will die happy.
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- Apr 25, 2008 8:41am Apr 25, 2008 8:41am
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If I Go Broke Trying Then I Will die happy.