"Millionaires don't use astrology, billionaires do"
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #96,761
- Jun 24, 2008 2:22pm Jun 24, 2008 2:22pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
- #96,764
- Jun 24, 2008 2:26pm Jun 24, 2008 2:26pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #96,765
- Jun 24, 2008 2:28pm Jun 24, 2008 2:28pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
he is out spending some of his many 1000 pips made
how do you know this? you must be with him.
yeah..imagine an utter retard who just looked to buy the break of the highs of every consolidation phase. Well, by now he would have been one rich retard, and one with a no loss record to boot! (Notice how most corrections of a prior leg up retrace only about a third of the prior move, before continuation of the up trend. In a few cases the correction retraced 50%, no more.
A retard trading simply on the line of the chart continuing in the same direction untill...well, it stopped doing so (duh!), would hopefully be smart enough to place a SL below the 40% or 50% retracement of up legs. If the SL got hit, he'd just place limit buys higher, again assuming that the market would eventually continue to move up and pick him up again along the way!
And what do you know, he'd have a great trading record for 2 yrs now
adapt this to your timeframe and...
what a prat!!!!
- #96,769
- Jun 24, 2008 2:58pm Jun 24, 2008 2:58pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
Sorry to say it, since last Friday and the GBP/JPY pair are playing in a very tight range, and it goes up and get stopped and then goes down and get bounced and then goes up to the same level, and then down and up and down, all were in the same very tight range in an illogic way, all I can say, it's a pure shit, it moves with no trend, no momentum, no taste, again in an illogic way, I hate the ping pong trading, can you believe it, that this pair only had a range of 144 pips since the begining of this week
- #96,774
- Jun 24, 2008 3:56pm Jun 24, 2008 3:56pm
- Joined May 2007 | Status: I Love EMAS! | 1,968 Posts
- #96,777
- Jun 24, 2008 4:12pm Jun 24, 2008 4:12pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
lol.. may be his a/c has blown
This thread looks very much decent without lilmoe
and also.....
Why do some of you people come here and try to pick fights with others. It is a learning and sharing process for all and we are all here to learn from each other. Lilmoe provides very good analysis and I am sure his account is "blown"up each month........probably over 20% each month too....
Patience + Discipline - Greed = Success
- #96,778
- Jun 24, 2008 4:13pm Jun 24, 2008 4:13pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #96,779
- Jun 24, 2008 4:13pm Jun 24, 2008 4:13pm
I started shorting it hoping for a reversal at 225 and kept shorting it all the way up into 235 before finally losing* and she didnt stop until 251.
There were thousands of tops! But it sure didnt turn but on one of them.
There were thousands of tops! But it sure didnt turn but on one of them.
very similar to gbp/usd chart this time last year: it can't go any higher...it reached 2.13if i recall correctly.