neckline of H&S being retested
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #138,924
- Nov 19, 2008 12:57pm Nov 19, 2008 12:57pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
As Karmo would say..short all rallys. (while below DP that is)
and I would say ... go long dips ... short rallies .. asl ong as there is reason to ....
and there was .... 150 pips down move .... hidden bullish div rsi , YM bullish div 5 min ....
price went under T30 line 144.60 and failed to go lower ..... very nice scalp for 50 pips on half and be other half.
nothing goes down forever or goes up for ever.. always remember that
Blogging daily now at www.volume.zone
- #138,927
- Nov 19, 2008 1:04pm Nov 19, 2008 1:04pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #138,928
- Nov 19, 2008 1:06pm Nov 19, 2008 1:06pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #138,932
- Nov 19, 2008 1:09pm Nov 19, 2008 1:09pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
that should be the bottom. 
- #138,934
- Nov 19, 2008 1:15pm Nov 19, 2008 1:15pm
Karmo is swing trader .. even he himself said not so good at scalping lol
and I would say ... go long dips ... short rallies .. asl ong as there is reason to ....
and there was .... 150 pips down move .... hidden bullish div rsi , YM bullish div 5 min ....
price went under T30 line 144.60 and failed to go lower ..... very nice scalp for 50 pips on half and be other half.
nothing goes down forever or goes up for ever.. always remember that
Attachment
what is "rallies" and "dips"
thanks,
- #138,935
- Nov 19, 2008 1:16pm Nov 19, 2008 1:16pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #138,936
- Nov 19, 2008 1:17pm Nov 19, 2008 1:17pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
that should be the bottom.
Check the 1h 4h
4hr just about to rock and roll south, nice upthrust trap longs, its all selling baby. But trade what u think
"Millionaires don't use astrology, billionaires do"
- #138,937
- Nov 19, 2008 1:17pm Nov 19, 2008 1:17pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
I tokk long off 144.60 ( 30 pip line of dp ) ..... 145.3 / 145/80 targets ( fib retracements)
Malcolmb scalping is very good and you can make more money than swing or position trading but provided that one has fast executing broker.
I'd love to scalp and I'm good at it but pity my broker is slow. I was a scalper till 6-7 months ago but I put it aside until I find a faster broker. The best pair to scalp is EJ I believe provided that it's spread is 3. My broker offers it with 8 pips
if they offered it with 3 I would never trade GJ anymore.BTW my 50 pips target hit meanwhile ...
Discipline + Patience - Fear - Greed = Success
