aww! sorry for that mistake TraderStar.
Must be my macho way of typing ...But if you observe, I chatter way too much for a guy 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #124,203
- Oct 21, 2008 11:28am Oct 21, 2008 11:28am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
that's ok, everyone think's I'm a guy .. makes it kind of fun
- #124,204
- Oct 21, 2008 11:30am Oct 21, 2008 11:30am
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
that's ok, everyone think's I'm a guy .. makes it kind of fun
anyways, i've reached my target for the day, i have to go.later folks..
I recommend you read something else as this sentence is now concluded.
- #124,205
- Oct 21, 2008 11:31am Oct 21, 2008 11:31am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
man so far i cant find enough reasons for why you entered long! expect weekly s1 and a longterm support level (i think they're enough lol) but i'd like to know if there were any other reasons?
2) 1h, m30, m15, m5 moms pointing up.
3) 78.6 is at 169.22.
low risk trade if u ask me
5sma works as a magnet, price goes back there 80% of the time. when u have spent the past 1.5 years staring at the charts (with aus's system), u'll know when it's a good time to reverse a trade (or hedge) targeting 5sma
- #124,206
- Oct 21, 2008 11:32am Oct 21, 2008 11:32am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
He's a masochist?
nope! i'ma broker buster
- #124,207
- Oct 21, 2008 11:35am Oct 21, 2008 11:35am
that's ok, everyone think's I'm a guy .. makes it kind of fun
- #124,208
- Oct 21, 2008 11:36am Oct 21, 2008 11:36am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
momentum and stochRSI
3H bearish
1H bearish
30 m bearish
15 m bearish but exhausting
worth to try small long here fibo and LTL of channel
good r:r
danger seeker.
- #124,209
- Oct 21, 2008 11:38am Oct 21, 2008 11:38am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
yes I think what we see on 60 min YM right now is just bear flag .... the worst is not over yet
here is GJ 4 hour ,... looks like a bearish pennanmt .. smells like a bearish pennant .. liekly is a bearish pennant ...
if the rsi breaks the trend line to the down side 160's here we come
Attachment
wanted to repost this chart for those newer traders ... study what the bearish penant looks like .... it is a continuation pattern as played out today .
I shorted the break down of the bear flag in the Asian sesession yesterday and am still short , moving stop to +400 , if 169.5 breaks then we see 166.5 and 164
Blogging daily now at www.volume.zone
- #124,210
- Oct 21, 2008 11:38am Oct 21, 2008 11:38am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
- #124,211
- Oct 21, 2008 11:40am Oct 21, 2008 11:40am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
danger seeker.
- #124,212
- Oct 21, 2008 11:41am Oct 21, 2008 11:41am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
hater
Trade what you see, not what you think.
- #124,214
- Oct 21, 2008 11:43am Oct 21, 2008 11:43am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
danger seeker.
nothing wrong with what 5 is doing ....the drop was completeed on declining volume last 4 x 5 min bars and finsihed with a very strong reversal candle .... also rsi VERY oversold on 5 min and even in large drops flags have to form
following ym it dropped all way to whole number 9000 on 5 min chart and has formed nice morning star ... i bet he makes 60 pip plus off this trade , and that is what a true scalper should do
Blogging daily now at www.volume.zone
- #124,215
- Oct 21, 2008 11:44am Oct 21, 2008 11:44am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
danger seeker.
demand seeker
moved SL to entry free ride
targeting 1H - EMA14 (it could take some time)
- #124,216
- Oct 21, 2008 11:45am Oct 21, 2008 11:45am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
greedy
the m1 chart tells me alot, there are LOTS of 20- 40 pip trades that i DONT take
- #124,217
- Oct 21, 2008 11:46am Oct 21, 2008 11:46am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
nothing wrong with what 5 is doing ....the drop was completeed on declining volume last 4 x 5 min bars and finsihed with a very strong reversal candle .... also rsi VERY oversold on 5 min and even in large drops flags have to form
following ym it dropped all way to whole number 9000 on 5 min chart and has formed nice morning star ... i bet he makes 60 pip plus off this trade , and that is what a true scalper should do
Attachment
edit: by the way, that long i had, 1/2 was closed for 60 pips, hehe
- #124,218
- Oct 21, 2008 11:49am Oct 21, 2008 11:49am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #124,219
- Oct 21, 2008 11:55am Oct 21, 2008 11:55am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
bear flag on the 1m/5m chart
lol Karmo ... you were talking about Earth being ok earlier .. mine just blew up when i saw you mention bear flag 1min and 5 min lol ...I thought is that really Karmo or did the Aliens steal the real Karmo and replace him with someone else .... lol ..
I remember the old days when you laughed at me for trading 5 min charts......
.. always 20 - 60 pip trades to be had those days ... now 200 to 600
Blogging daily now at www.volume.zone
- #124,220
- Oct 21, 2008 12:08pm Oct 21, 2008 12:08pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
lol Karmo ... you were talking about Earth being ok earlier .. mine just blew up when i saw you mention bear flag 1min and 5 min lol ...I thought is that really Karmo or did the Aliens steal the real Karmo and replace him with someone else .... lol ..
I remember the old days when you laughed at me for trading 5 min charts......
Trade what you see, not what you think.