we've got a close below 4hr gann 4hr qqe crossed down and price has broken support that was previously major resistance and seems to be staying below it. Sounds like down, looks like down.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #103,563
- Jul 24, 2008 9:04am Jul 24, 2008 9:04am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
it's payback time. 
- #103,565
- Jul 24, 2008 9:08am Jul 24, 2008 9:08am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
i said 212 will be were i'll buy but i have changed my mind........now i see a 40% chance of this going even lower to 209.45...baby
- #103,567
- Jul 24, 2008 9:23am Jul 24, 2008 9:23am
- | Commercial User | Joined Mar 2008 | 9,079 Posts
i said 212 will be were i'll buy but i have changed my mind........now i see a 40% chance of this going even lower to 209.45...baby
SHORTED @214.19 & 213.81
sonic
- #103,569
- Jul 24, 2008 9:29am Jul 24, 2008 9:29am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
what would take gbp to 209 again, baby?
it is my extreme target....baby
(e.g tis might be like a TP2 or 3 for others)
- #103,572
- Jul 24, 2008 9:49am Jul 24, 2008 9:49am
It is more than clear to most that the pair is taking a breather , driven by moves in cable (E/Y and U/Y have barely corrected 100pips)
so all this talk of unwinding is irrelevant. Buying here is much safer than looking to short.
Take a look at your posts and see how many are only "happy" when it drops and sad when it rises - this reflects an underlying bias, which is , I suspect, driven by the fact that drops tend to happen faster, hence give people the impression that they are an easy way to get rich quick, whereas rises tend to take longer and drag their feet as they go - and people are impatient (most are very young so no surprise..adrenaline rush baby!)
Beware of trading for the adrenaline fix! It's bad for your account
so all this talk of unwinding is irrelevant. Buying here is much safer than looking to short.
Take a look at your posts and see how many are only "happy" when it drops and sad when it rises - this reflects an underlying bias, which is , I suspect, driven by the fact that drops tend to happen faster, hence give people the impression that they are an easy way to get rich quick, whereas rises tend to take longer and drag their feet as they go - and people are impatient (most are very young so no surprise..adrenaline rush baby!)
Beware of trading for the adrenaline fix! It's bad for your account
- #103,573
- Jul 24, 2008 9:49am Jul 24, 2008 9:49am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #103,576
- Jul 24, 2008 9:58am Jul 24, 2008 9:58am
- Joined Aug 2007 | Status: Trader | 2,616 Posts
That's the thing I am stupid keep making the same dam mistakes over and over again
- #103,577
- Jul 24, 2008 10:00am Jul 24, 2008 10:00am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
That's the thing I am stupid keep making the same dam mistakes over and over again
- #103,578
- Jul 24, 2008 10:08am Jul 24, 2008 10:08am
- | Commercial User | Joined Mar 2008 | 9,079 Posts
SHORTED @214.19 & 213.81
sonic
now 1st TP hit...SL @ BE
sonic
- #103,579
- Jul 24, 2008 10:12am Jul 24, 2008 10:12am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
That's the thing I am stupid keep making the same dam mistakes over and over again
my 2cents:
determine what mistakes your making..if your just making the wrong calls then you probably need more time to practise....
if its patience i.e you get stopped out, or jump out of trades early or any of that stuff...then simply adjust your trade plan to the currency....
ofcourse money mgt is key to any trade plan
take care...baby
- #103,580
- Jul 24, 2008 10:12am Jul 24, 2008 10:12am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
That's the thing I am stupid keep making the same dam mistakes over and over again
It's annoying I understand, but you need to learn how to deal with this beast.
Trade what you see, not what you think.