well..it was like a mess everywhere in d last few hours..there's bullets all around..one explosion n another..lucky for me dat i've set both direction n stnby where to go..lose some to gain a lot..pheww..what a war..
Cable Update (GBPUSD)
- #72,483
- Jun 25, 2008 5:29pm Jun 25, 2008 5:29pm
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
im short from 1.9760 sl 1.9780, TP 1.9700..hopefully it hits my TP first..
in 3.5 hours it has moved 25 pips and sits on a support right now, I am just asking what you see that leads you to think it will drop with the dollar so weak right now
I am not saying it is a bad trade just under these conditions why you would trade now??
Don't chase the market, Let the market come to you
..but now in short gu coz normally during asian market it will bring gu down 50-70 pips..
- #72,485
- Jun 25, 2008 6:17pm Jun 25, 2008 6:17pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #72,487
- Jun 25, 2008 6:26pm Jun 25, 2008 6:26pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
market always beyond our expectation buddy...
... realy, that is such a shocker to me 
, 
If I Go Broke Trying Then I Will die happy.
- #72,488
- Jun 25, 2008 6:49pm Jun 25, 2008 6:49pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Dratts on being out, I'd of nailed that easy looking at the charts 
My USDJPY @107.85 area I had pegged as a Long to, but didn't cause i had to go out woulda took @50pips to
9weeks till full time trading ( 31st August )
My USDJPY @107.85 area I had pegged as a Long to, but didn't cause i had to go out woulda took @50pips to
9weeks till full time trading ( 31st August )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #72,489
- Jun 25, 2008 7:34pm Jun 25, 2008 7:34pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #72,491
- Edited 9:47pm Jun 25, 2008 8:50pm | Edited 9:47pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
dont get excited guys ...we are the top of the range ....i see yoyo happening now ...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #72,492
- Jun 25, 2008 9:24pm Jun 25, 2008 9:24pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I think we are out of the daily down channel
Once some confidence arrives to confirm that , we are going perpedicular followed by a huge unstoppable north bound thrust...
I love collecting forex expressions, people are so passionate
Well alright it might go to 1.98 and i think I will go for that...
be a shame to miss it - now 1.9733
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #72,494
- Jun 25, 2008 9:49pm Jun 25, 2008 9:49pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #72,495
- Edited 10:41pm Jun 25, 2008 9:57pm | Edited 10:41pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
Agreed....
Now I short from 1.9735 for test. TP in the range 1.9680 - 1.9700 or hold below. SL 1.9755.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #72,497
- Jun 25, 2008 11:04pm Jun 25, 2008 11:04pm
I reanalized again, maybe no need wait for till touches 1.9680 to go long, when there is a clue, may a nice pin or something only you know well. Moving down below 1.9680 highly possible to be downward trend.
Now I short from 1.9735 for test. TP in the range 1.9680 - 1.9700 or hold below. SL 1.9755.
i'm short from 1.9745..don't know where i should put the TP,
- #72,498
- Jun 25, 2008 11:22pm Jun 25, 2008 11:22pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #72,500
- Jun 25, 2008 11:33pm Jun 25, 2008 11:33pm
- | Joined Dec 2006 | Status: Poocher | 1,018 Posts
Further, optomised my system today, back testing and aim to take it to the next profit level.
3hour SMA is the BABY ( M1 180sma, M5 36SMA , M15 12SMA ), draw a channel aswell so 3 SMA, H & L & HL/2
Chart attached M15 ( gives a good 30hour+ over view ), 3 Yellow lines, the direction of these is the direction you want to be on plainly and simply, a move outside of the 3 lines indicated a good chance of market continuing that direction.
To allow for wiggle room I have a 6hour SMA on my M1 chart, 360sma.
System is still based around averaging down and average wise trying to NEVER take a loss, so upward movement, long near M1 90SMA, that fails no worries More near 180sma, that fails more near 360sma ( the Last Stand ) At this point your likely looking for a cheap / BE / Small profit exit.
You have a @70% chance the 180sma will hold, and a @80% chance of getting a bounce off the 360sma in back test stronger the trend better the odds ofcourse.
Check out how well the 3 yellow lines work anyways, nice and smooth and easy to follow, 2 white lines are 24hour SMA, 2 Blue's are 62EMA ( Nav's baby )
* remember to factor out news spikes then it's pretty much unbeatable
*
Hope ya post a few trades though cuz I'm not sure how you'd trade all the m.a.'s scaling in. Good luck!