4h candle closed below 4h gann hilo, the TL is holding for now but I expect it to break. Patience.
I recommend you read something else as this sentence is now concluded.
Karmo's trading strategy trading GBP/JPY
- #1,021
- Oct 20, 2008 1:40pm Oct 20, 2008 1:40pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
- #1,022
- Oct 20, 2008 2:02pm Oct 20, 2008 2:02pm
see bro, here's the problem that i always have, when i have a confirmed signal and price is above/below a trendline i just dont know whether i should enter now or i should wait 'till the trendline is broken, and when i see the break happening i just cant determine whether its too late or its a true break out, do you have anything helpful bro?
I personally went short when it appeared we had broke support. Unfortuantly, this never played out.
Here is what I am doing right now.
I closed my short and I am long with a SL and a Sell order below the new level of support. However, I made my SL/Sell order further than usual for a larger break of that support level.
Now, what I really hope happens is that I can ride long to the DP or higher, then sell rallies.
Hope this helps.
B
- #1,023
- Oct 20, 2008 2:15pm Oct 20, 2008 2:15pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
see bro, here's the problem that i always have, when i have a confirmed signal and price is above/below a trendline i just dont know whether i should enter now or i should wait 'till the trendline is broken, and when i see the break happening i just cant determine whether its too late or its a true break out, do you have anything helpful bro?
Trade what you see, not what you think.
- #1,026
- Oct 20, 2008 3:02pm Oct 20, 2008 3:02pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #1,027
- Oct 20, 2008 3:22pm Oct 20, 2008 3:22pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
- #1,030
- Oct 21, 2008 12:39am Oct 21, 2008 12:39am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #1,031
- Oct 21, 2008 1:04am Oct 21, 2008 1:04am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
TL broken 
Trade what you see, not what you think.
- #1,032
- Oct 21, 2008 1:04am Oct 21, 2008 1:04am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #1,033
- Oct 21, 2008 1:06am Oct 21, 2008 1:06am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
I like to see a strong break at the 174.00 which is a 4 hour PPZ.
Trade what you see, not what you think.
- #1,034
- Oct 21, 2008 1:07am Oct 21, 2008 1:07am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Sure, let me put in a big sell order
Indicators show the past. Price Action "Indicates" the future.
- #1,035
- Oct 21, 2008 1:09am Oct 21, 2008 1:09am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
That should move the market down Mr. Soros . . . I mean . . . Karmo.
Look at GU, it looks like it's going to fall off a cliff, once it does GJ should tank
Trade what you see, not what you think.
- #1,036
- Oct 21, 2008 1:22am Oct 21, 2008 1:22am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #1,037
- Oct 21, 2008 1:45am Oct 21, 2008 1:45am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
That should move the market down Mr. Soros . . . I mean . . . Karmo.
btw my name is Karmo Soros Buffet
Trade what you see, not what you think.
- #1,038
- Oct 21, 2008 1:46am Oct 21, 2008 1:46am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Order has just been accepted
btw my name is Karmo Soros Buffet
Soon my friend, very soon.
Indicators show the past. Price Action "Indicates" the future.
- #1,040
- Oct 21, 2008 2:31am Oct 21, 2008 2:31am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Are we having fun yet Karmo? 
Indicators show the past. Price Action "Indicates" the future.