Better bet on the latter, 4hr is weak and becoming weaker by the miniute daily as well. But yea the close will be important either side u look
once the 15m works the OS out down we go
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #123,721
- Oct 20, 2008 10:38am Oct 20, 2008 10:38am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #123,722
- Oct 20, 2008 10:39am Oct 20, 2008 10:39am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
it's also having a hard time closing below that TL other traders posted here.
if this 1h candle closes bearish, then down we go. otherwise, i think there's a bounce. this 1h candle has to close bearish to break the bullish HD.
i only cought 120 pips of this move down, kinda frustrating. if i just followed my instincts i would've been short from 179 and releasing all my shorts at this level.
don't get greedy and leave some pips for me
Trade what you see, not what you think.
- #123,723
- Oct 20, 2008 10:39am Oct 20, 2008 10:39am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
No worries Moe this is just the baby step hedge out the longs in play at good levels and catch the monstor mash
- #123,724
- Oct 20, 2008 10:42am Oct 20, 2008 10:42am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
I'm about to eat so many SL's 
Trade what you see, not what you think.
- #123,726
- Oct 20, 2008 10:43am Oct 20, 2008 10:43am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
as long as i get a rally to short, i don't mind
inhale exhale at this stage of the move, needs to build a bear trap and the covering is the strength to propell into the next phase
"Millionaires don't use astrology, billionaires do"
- #123,727
- Oct 20, 2008 10:48am Oct 20, 2008 10:48am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
I'm about to eat so many SL's
- #123,728
- Oct 20, 2008 10:49am Oct 20, 2008 10:49am
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
- #123,729
- Oct 20, 2008 10:53am Oct 20, 2008 10:53am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
I'm working on it, selling 10 yards
don't get greedy and leave some pips for me
and stop selling or else i'm calling all my millionaire friends here in jordan and ask them to start buyin!
- #123,731
- Oct 20, 2008 10:55am Oct 20, 2008 10:55am
Gj kept slicing thro major supports today like a knife thro butter.
Just a small short i could manage.
But just went long on a possible trendline bounce.
BTW, Godfrey,
i just sent u a pm. plz answer if u have time.
Just a small short i could manage.
But just went long on a possible trendline bounce.
BTW, Godfrey,
i just sent u a pm. plz answer if u have time.
- #123,732
- Oct 20, 2008 10:56am Oct 20, 2008 10:56am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #123,733
- Oct 20, 2008 10:57am Oct 20, 2008 10:57am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #123,734
- Oct 20, 2008 10:57am Oct 20, 2008 10:57am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
lol, i'm trying to scalp/trade my way to those 500 pips i missed
and stop selling or else i'm calling all my millionaire friends here in jordan and ask them to start buyin!
Trade what you see, not what you think.
- #123,735
- Oct 20, 2008 10:58am Oct 20, 2008 10:58am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
OK. I am really confused now. Karmo is short and 5ysfx is long so how do you both think you are SL eating?? Sorry for the idiot question but am just trying to learn. Thanks
Trade what you see, not what you think.
- #123,736
- Oct 20, 2008 10:59am Oct 20, 2008 10:59am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Im thinking the same
looking for trendline break, monthly fibo level break, tom demark support break.
and down we go, fast and hard 165.
candle close below 4 h gann would be nice.
Daily candle atm is indicating much much bearish pressure.
- #123,737
- Oct 20, 2008 11:03am Oct 20, 2008 11:03am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Join me and start selling some yards so we can break that bear flag
- #123,738
- Oct 20, 2008 11:03am Oct 20, 2008 11:03am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #123,739
- Oct 20, 2008 11:04am Oct 20, 2008 11:04am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Join me and start selling some yards so we can break that bear flag
- #123,740
- Oct 20, 2008 11:05am Oct 20, 2008 11:05am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
don't give in to the dark side yet moe. at least 50 mo pips then think about that offer.
that would add up to 350 pips in scalps, close enough to 500
oh, SL at B/e... i don't want to give anything back.... karmo is greedy.