Trade what you see, not what you think.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #126,742
- Oct 27, 2008 5:35am Oct 27, 2008 5:35am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
whats your S/L on that bro? i got in at 141.80 also. S/L above 142.10 above the 50ema 1m. but maybe need more room to breath? lol
also your TP? 139 or below?
- #126,743
- Oct 27, 2008 5:36am Oct 27, 2008 5:36am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
me too . dang. oh well i am going to get some sleep and be back for NY open. take care limoe
- #126,744
- Oct 27, 2008 5:40am Oct 27, 2008 5:40am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
hey guys,
GoodMorning,
nice trading today, beside short scalping, i was reading long term analysis.
i read and appreciate Karmo's and Lilmoe posts about shorting, as the major trend is down.
I am just wondering if this is seems to be nice setup of double bottom on guppy and eurjpy.
by the way nice setup for a buy scalp right now @142.32 ???
Trade what you see, not what you think.
- #126,745
- Oct 27, 2008 5:41am Oct 27, 2008 5:41am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #126,746
- Oct 27, 2008 5:44am Oct 27, 2008 5:44am
That double bottom you mentioned is something to consider but wait for some kind of confirmation or enter with a tight SL
Is a close above Gann justify a long .. ??
(edit:: and a H1 pin bar )
- #126,747
- Oct 27, 2008 5:45am Oct 27, 2008 5:45am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #126,749
- Oct 27, 2008 5:48am Oct 27, 2008 5:48am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #126,751
- Oct 27, 2008 5:49am Oct 27, 2008 5:49am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #126,753
- Oct 27, 2008 5:55am Oct 27, 2008 5:55am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #126,756
- Oct 27, 2008 6:01am Oct 27, 2008 6:01am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #126,757
- Oct 27, 2008 6:02am Oct 27, 2008 6:02am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #126,758
- Oct 27, 2008 6:05am Oct 27, 2008 6:05am
Hello to all traders in this great thread!
Something to consider for trade decisions today.... fresh from the DJ Market talk feed:
LONDON (Dow Jones)--The yen continues to push ahead and the dollar continues to rise in Europe Monday, despite a statement from the Group of Seven leading industrial nations finance ministers earlier in the day threatening intervention.
Some analysts reckon that the G7 central banks could take coordinated action to halt the yen's sharp advance as early as this afternoon.
"The New York morning today may provide an ideal opportunity for them to make a clear statement of intent," said Simon Derrick, a senior currency strategist with Bank of New York in London.
Nevertheless, others question just how successful threats of intervention will be in reversing the trend. Strategists with BNP Paribas pointed out that the current rally in the yen isn't being driven by investor choice - as in a speculative run. Instead, they said, the G7 central banks will have to recognize that the move is being "forced by declining asset values, margin calls and profit and loss considerations resulting in investors closing positions, thus buying the yen."
Anyway, it has been a great (and scary) trading time during these past weeks, but with the help of Karmo, lillmoe, malcolmb14 and others, most of us are making a killikng here. Keep up the great analysis.
And for Karmo: Get well soon! This thread is not the same without you
Something to consider for trade decisions today.... fresh from the DJ Market talk feed:
LONDON (Dow Jones)--The yen continues to push ahead and the dollar continues to rise in Europe Monday, despite a statement from the Group of Seven leading industrial nations finance ministers earlier in the day threatening intervention.
Some analysts reckon that the G7 central banks could take coordinated action to halt the yen's sharp advance as early as this afternoon.
"The New York morning today may provide an ideal opportunity for them to make a clear statement of intent," said Simon Derrick, a senior currency strategist with Bank of New York in London.
Nevertheless, others question just how successful threats of intervention will be in reversing the trend. Strategists with BNP Paribas pointed out that the current rally in the yen isn't being driven by investor choice - as in a speculative run. Instead, they said, the G7 central banks will have to recognize that the move is being "forced by declining asset values, margin calls and profit and loss considerations resulting in investors closing positions, thus buying the yen."
Anyway, it has been a great (and scary) trading time during these past weeks, but with the help of Karmo, lillmoe, malcolmb14 and others, most of us are making a killikng here. Keep up the great analysis.
And for Karmo: Get well soon! This thread is not the same without you
- #126,759
- Oct 27, 2008 6:08am Oct 27, 2008 6:08am
sure, I'll buy 1000 yards now lol
Patience.
I need to buy a big bottle of patience pills from you.
i dont normally take position even all my setups says go for it coz of fear to get stopped, and i miss the train going. Have burnt my hands many times but not since i m on this board.
and now this time I am holding a small position and already on pips.
by the way 143.16 has broken