i've been taking patience pills all day along, i think its panadol time.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #130,981
- Nov 3, 2008 2:30pm Nov 3, 2008 2:30pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
- #130,982
- Nov 3, 2008 2:30pm Nov 3, 2008 2:30pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
- #130,983
- Nov 3, 2008 2:31pm Nov 3, 2008 2:31pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
Maybe a sleeping pills is more effective .. place a trade and sleep .. no emotion involved, wake up to pick either red or green pips ...
I recommend you read something else as this sentence is now concluded.
- #130,984
- Nov 3, 2008 2:31pm Nov 3, 2008 2:31pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Bears warming up
so watch for a clean break of that 157 level of a nice little 200 pip ride up ...
that will be the area to short....
Blogging daily now at www.volume.zone
- #130,987
- Nov 3, 2008 2:35pm Nov 3, 2008 2:35pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #130,988
- Nov 3, 2008 2:40pm Nov 3, 2008 2:40pm
- Joined Aug 2007 | Status: Trader | 2,616 Posts
Best to stay out of this market till atleast Thu if not this whole week. Going to be wild moves up and down tomorrow and on Wed. Protect your profits by not trading is my advice for newbies.
- #130,989
- Nov 3, 2008 2:43pm Nov 3, 2008 2:43pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
With this tight range, how do u trade Malcolmb?
I can't really trade at all .. lol
find the range then draw support and resistance lines
then use simple price candles .. if candles pierces support by 3 pips and then goes back up thru support it is a long .... also watch volume and shapesof candles ( ie low or ultra high spreads)
and my magic T30 lines ....
Blogging daily now at www.volume.zone
- #130,990
- Nov 3, 2008 2:53pm Nov 3, 2008 2:53pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #130,991
- Nov 3, 2008 2:56pm Nov 3, 2008 2:56pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
Just checkin in to see who has the guts and gets the glory for going long 
"Millionaires don't use astrology, billionaires do"
- #130,993
- Nov 3, 2008 2:57pm Nov 3, 2008 2:57pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Best to stay out of this market till atleast Thu if not this whole week. Going to be wild moves up and down tomorrow and on Wed. Protect your profits by not trading is my advice for newbies.
that is good advice i think
this market is very choppy and although some in here make it look easy , it is not. You can lose alot of money in this market .... the symmetry this morning was 200 pips down and 100 pip retrace ..... try trading that on a 5 min chart you are done. Day trading is not for everyone and swing trading in this environment can lead to large draw downs.
You have to adhere to strict money management and if you are worried or uncertain about market conditions stay out.
wait for the right time to get in .... try to get in on top or bottom reversals , not in the middle of moves ( unless you are trading say a 15 min chart and a flag forms on the 5 min chart)
if you get in a position with profit .. take half off are at least move stop to break even .... gj is like pac man and can gobble up your profit quickly.
Blogging daily now at www.volume.zone
- #130,994
- Nov 3, 2008 3:00pm Nov 3, 2008 3:00pm
- | Joined Dec 2007 | Status: Pakute Trader | 885 Posts
Bush has turned the US upside down and he is going to hand it over to the next President to clean his mess. What is Obama/McCain thinking, they're crazy too to take the job after Bush.
Bush is a clown, I don't know how this man became the president, it's just embarrassing.
The agenda goes forward.....
- #130,995
- Nov 3, 2008 3:00pm Nov 3, 2008 3:00pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Just checkin in to see who has the guts and gets the glory for going long
hello Orion .... I had a quick scalp long but am out for 50 pip... I think we get 159 in asia .. but i am knackered trading this 50 pip range for the last little bit .. takes some focus.
well i did not get killed last night and nor did we reach 170 ..... so i guess my hunch on the bull trap was right and sometimes one has to trade on instinct
when something does not make sense / belong then likely it should not be there ..... like the rally in the GU durng asia .. when tokyo closed.
Blogging daily now at www.volume.zone
- #130,996
- Nov 3, 2008 3:01pm Nov 3, 2008 3:01pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
- #130,998
- Nov 3, 2008 3:07pm Nov 3, 2008 3:07pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
If you're that size, I think all the men in here are glad you are not ... or at least that you do not live near them!
I have not failed. I've just found 10,000 ways that won't work -