gloating over my eurolong (0.9 pip spread on oanda)
and tempted to shove a tight s/l on....
but bigger whips are very common just now
hum
and tempted to shove a tight s/l on....
but bigger whips are very common just now
hum
Cable Update (GBPUSD)
- #83,261
- Aug 20, 2008 1:22pm Aug 20, 2008 1:22pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #83,262
- Aug 20, 2008 1:22pm Aug 20, 2008 1:22pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
If your entry is good you should be fine. I am watching todays daily close to see if I should add to my long position. I have scalped over 200 pips today from 2 longs and one short. I am now long from 8565. Good luck to all....
Patience + Discipline - Greed = Success
- #83,264
- Aug 20, 2008 1:29pm Aug 20, 2008 1:29pm
- | Joined Jun 2008 | Status: Trader | 1,017 Posts
Im today total +133pips 
- #83,267
- Aug 20, 2008 1:41pm Aug 20, 2008 1:41pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #83,268
- Aug 20, 2008 1:47pm Aug 20, 2008 1:47pm
Hi guys,
Am out of long for now... once it breaks .8620... am long again for ... only god knows.
Guess today has been a good day for most traders... hitting 130pips....mmmm!
i was out most time of the day.
Am out of long for now... once it breaks .8620... am long again for ... only god knows.
Guess today has been a good day for most traders... hitting 130pips....mmmm!
i was out most time of the day.
- #83,269
- Aug 20, 2008 1:47pm Aug 20, 2008 1:47pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Interesting chart - sort of half a channel ?
Is there a more technical name ? I give mine obscene names so can't publish
... I could be banned....
Patience + Discipline - Greed = Success
- #83,270
- Aug 20, 2008 2:15pm Aug 20, 2008 2:15pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
I can't reveal the name on a public forum...
- #83,271
- Aug 20, 2008 2:17pm Aug 20, 2008 2:17pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I call mine a Heather Mills if there is only one leg complete
- #83,272
- Aug 20, 2008 2:19pm Aug 20, 2008 2:19pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
I call mine a Heather Mills if there is only one leg complete
Patience + Discipline - Greed = Success
- #83,275
- Aug 20, 2008 2:57pm Aug 20, 2008 2:57pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Hey Infinity---kind of new here-----I managed to make +30 today & noticed you booked +200!!! Great!!! That's where I want to be. Could you show me your scalp method----I have alot of work to do I guess. Thanks
I try to keep it simple and I use a system that matches my personality. You have to find a system that fits YOUR personality but you should not ignore the basics. If you are new to forex, be patient, experience cannot be taught. Take your time and educate yourself. Good luck...
Patience + Discipline - Greed = Success
- #83,276
- Aug 20, 2008 2:57pm Aug 20, 2008 2:57pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hey Navin, are you doing any trading this week or you are setaside and undertand the moves since you lost 500 pounds...
, dont want to go long as its against trend and dont want to short cause it might be a bottom...also have to go work and this make it harder to find entry....so just sitting on bench right nowwaiting to see a doji develop on weekly....that for me will be a good signal to go up....1.91 area target..
i trying to trade smart and only go with high probability trades
- #83,277
- Aug 20, 2008 3:04pm Aug 20, 2008 3:04pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Welcome to the thread. My method is based on different indicators but basic price action is the main weapon in my arsenal. I use moving averages (5,10, 50,62, 100, 200, etc), trend lines, fibs, stochs, Macd histo and candlestick patterns on different timeframes. I monitor pivot areas and previous support and resistance areas to determine best entry points.
I try to keep it simple and I use a system that matches my personality. You have to find a system that fits YOUR personality but you should not ignore the basics. If you are new to forex, be patient, experience cannot be taught. Take your time and educate yourself. Good luck...
- #83,278
- Aug 20, 2008 3:06pm Aug 20, 2008 3:06pm
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
Keep It Simple Stupid
- #83,279
- Aug 20, 2008 3:07pm Aug 20, 2008 3:07pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Trying to keep it simple I see...........lol.........so whats complicated? anyways you did good today, 200 pips on a day like today is not bad at all.
Patience + Discipline - Greed = Success
- #83,280
- Aug 20, 2008 3:09pm Aug 20, 2008 3:09pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!