Thanks for your reply...we are falling through 207.13 as I write...
Daily has just started to look interesting...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Today is actually a funny day, a small version of fridays
Yes, I think we are in for an interesting week...some explosive action seems to be on the cards..
Looks like we are bouncing of the 200ema on the 30 min at the moment...
oversold stochs on some timescales at the moment (just the 5,15 and 30min - 1hr and 3 hr about to be in oversold areas....) Need the 4hr Zero Stochs to start turning soon and the Z MACD to cross zero (or point down) tonight...
Just designing my bermuda's as we speak....
What's the final verdict on how far we'll go (if we get past 207.00ish that is?)
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- Apr 28, 2008 3:05pm Apr 28, 2008 3:05pm
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Lovin' the look of the Shooting - Star / Gravestone pattern on the daily...
- #76,046
- Apr 28, 2008 3:15pm Apr 28, 2008 3:15pm
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Yes, I think we are in for an interesting week...some explosive action seems to be on the cards..
Looks like we are bouncing of the 200ema on the 30 min at the moment...
oversold stochs on some timescales at the moment (just the 5,15 and 30min - 1hr and 3 hr about to be in oversold areas....) Need the 4hr Zero Stochs to start turning soon and the Z MACD to cross zero (or point down) tonight...
Just designing my bermuda's as we speak....
What's the final verdict on how far we'll go (if we get past 207.00ish that is?)
But as you know we got important news on wednesday so that should be the determining factor. its either 211,213 or back to 203,205 area
Plus 4 baers the DOW need to be tranquilized cos its high on cheap drugs
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- Apr 28, 2008 3:20pm Apr 28, 2008 3:20pm
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- Apr 28, 2008 3:22pm Apr 28, 2008 3:22pm
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Plus 4 bears the DOW need to be tranquilized cos its high on cheap drugs
The 4hr Gann I have at 206.84, Does this sound right?
Could be we just range around this area till Wed. FED news, but what about the Japan Holiday - more positons unwinding soon?
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- Apr 28, 2008 3:24pm Apr 28, 2008 3:24pm
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The 4hr Gann I have at 206.84, Does this sound right?
Could be we just range around this area till Wed. FED news, but what about the Japan Holiday - more positons unwinding soon?
Your gann is correct.
i think you are right
The yen pairs i think are usually bullish or bearish during hols, i cant remember actually which is which.
can someone clear that out fo me please
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- Apr 28, 2008 3:30pm Apr 28, 2008 3:30pm
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holy sh******t. looking at that mess. was big green when i was asleep and now back to initial state before i left - really nothing changed for me. london is crazy, they cannot decide whether they have problems or not.
Lol, you really had bad luck this time, i saw the charts. 7p more sl would have done it.Originally Posted by jarroo http://www.forexfactory.com/images/buttons/viewpost.gif
Now promise me that you will not remove it. If Price comes down and takes you out, your fine with that.
If right after it takes you out and then Price soars up 100 pips you will smile and say "I'm a disciplined trade". Ok?
A lot of people try to forget their loses and go to the next trade. I like to a
analize them and figure out what happen.
I strayed away from my true trading plan. I decided (for some odd reason) to play the break off Friday's High. In hightsight, the Friday Inside Bars proved to be the better trade. So why did I stray away from my true plan? I'm still trying to figure that out.
If the trade was successful, that probably would have given me more reason to stray away from my plan in the future. Which is not a good thing to do.
So this loss was a good one. A good loss? Yes, I said a good one. Ask a lot of
good traders and they will tell you they learn more from their losses then from their winning trades. I now know what they mean.
Jim
Indicators show the past. Price Action "Indicates" the future.
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- Apr 28, 2008 3:36pm Apr 28, 2008 3:36pm
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- Apr 28, 2008 3:39pm Apr 28, 2008 3:39pm
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The 4hr Gann I have at 206.84, Does this sound right?
Could be we just range around this area till Wed. FED news, but what about the Japan Holiday - more positons unwinding soon?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #76,057
- Apr 28, 2008 3:42pm Apr 28, 2008 3:42pm
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There has been many times when my stop loss came within 2-3 pips of being triggered and didn't. Then Price took off. I guess it balances out.
A lot of people try to forget their loses and go to the next trade. I like to a
analize them and figure out what happen.
I strayed away from my true trading plan. I decided (for some odd reason) to play the break off Friday's High. In hightsight, the Friday Inside Bars proved to be the better trade. So why did I stray away from my true plan? I'm still trying to figure that out.
If the trade was successful, that probably would have given me more reason to stray away from my plan in the future. Which is not a good thing to do.
So this loss was a good one. A good loss? Yes, I said a good one. Ask a lot of
good traders and they will tell you they learn more from their losses then from their winning trades. I now know what they mean.
Jim
very good my friend!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #76,058
- Edited 3:56pm Apr 28, 2008 3:44pm | Edited 3:56pm
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There has been many times when my stop loss came within 2-3 pips of being triggered and didn't. Then Price took off. I guess it balances out.
A lot of people try to forget their loses and go to the next trade. I like to a
analize them and figure out what happen.
I strayed away from my true trading plan. I decided (for some odd reason) to play the break off Friday's High. In hightsight, the Friday Inside Bars proved to be the better trade. So why did I stray away from my true plan? I'm still trying to figure that out.
If the trade was successful, that probably would have given me more reason to stray away from my plan in the future. Which is not a good thing to do.
So this loss was a good one. A good loss? Yes, I said a good one. Ask a lot of
good traders and they will tell you they learn more from their losses then from their winning trades. I now know what they mean.
Jim
it is not always that what we are doing is wrong , it is more a factor of that we do not know how to trade with a stratergy that we do not trade with day in day out.
I closed 2 awesome trades way to early again today , took only 30 pips on day trading when I should have had 140.(trading only 4:30 am pst to 8am pst).
However my overnight swing trade long on gj worked out to my favour this morning for 50 pips ,. I closed it on the double top 208.5.
Tomorrow will be better.
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