yep - quiet before the storm. . .
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #139,141
- Nov 19, 2008 8:44pm Nov 19, 2008 8:44pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
- #139,143
- Nov 19, 2008 8:46pm Nov 19, 2008 8:46pm
You've got it wrong. Buy above 55 sell below 35...but its not that simple you have to keep in mind divergences, fibs, trendlines, candle formations and PA and always wait for confirmation. If you just base your trades just on that basis you will have alot of bad trades. Like I said earlier always wait for a full bar and enter in on the next one, it's always better to enter in late then to jump in and end up in the wrong direction .
That and enter on a new bar!
Save soooo many burnt pips, if I would have followed those words!!!!
I've got a short position open from earlier, 143.90. Waiting for the dump....
- #139,145
- Nov 19, 2008 8:53pm Nov 19, 2008 8:53pm
Man, the waiting is horrible! I just can't take it anymore! MOVE ,PIP, MOOOOVVVVEEE!!!
I got to get out or here! I can hear my own heart beating, the constant thump, thump, thump... ARRRGH!!!!!!!! Make it stop!!!!!
I'll be walking away for the moment, be back in a few....
Oh, and, by the way, Kudos to you'all for the excellent insight and comments and support!!!!
-----AAAARRRRGGGGGHHHH!!!!!!
I got to get out or here! I can hear my own heart beating, the constant thump, thump, thump... ARRRGH!!!!!!!! Make it stop!!!!!
I'll be walking away for the moment, be back in a few....
Oh, and, by the way, Kudos to you'all for the excellent insight and comments and support!!!!
-----AAAARRRRGGGGGHHHH!!!!!!
- #139,147
- Nov 19, 2008 8:56pm Nov 19, 2008 8:56pm
- Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts
Very wise words indeed!
That and enter on a new bar!
Save soooo many burnt pips, if I would have followed those words!!!!
I've got a short position open from earlier, 143.90. Waiting for the dump....
Lesson Learned
- #139,148
- Nov 19, 2008 8:56pm Nov 19, 2008 8:56pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Can you please post a chart...I don't see it....
- #139,149
- Nov 19, 2008 8:57pm Nov 19, 2008 8:57pm
Me too! It took me a while to figure out, 'not to enter a trade until a full candle is presented'. Lost too many pips trading an actual candlestick formation just for the next candle to show up but end up down.
Lesson Learned
- #139,150
- Nov 19, 2008 8:59pm Nov 19, 2008 8:59pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Here ya go. . . a bit cluttered but you get the idea -
- #139,151
- Nov 19, 2008 9:00pm Nov 19, 2008 9:00pm
Here ya go. . . a bit cluttered but you get the idea -
One question, in order to validate a divergence don't you have to wait for the close of the bar or is a validated once in this case a lower low has been made ?
- #139,153
- Nov 19, 2008 9:07pm Nov 19, 2008 9:07pm
In my case, hopefully optimistic, that the lesson is learned!!!!
lol another thing to keep in mind that's been mentioned in this thread a countless number of times is a retracement to 5sma..always brings in a nicer entry
- #139,154
- Nov 19, 2008 9:10pm Nov 19, 2008 9:10pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #139,157
- Nov 19, 2008 9:16pm Nov 19, 2008 9:16pm
I would wait for a bar above the zero line of the macd to confirm an upside move. . . If you look at the 1hr chart wait for two bars higher than the last low. Also watch the 4hr chart, a bar above the zero line will confirm upside momentum is forthcoming. . .
thanks again
- #139,158
- Nov 19, 2008 9:17pm Nov 19, 2008 9:17pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Just posting the 4hr chart im workin on for the up and coming
- #139,159
- Nov 19, 2008 9:18pm Nov 19, 2008 9:18pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Later guys got to get some rest. . .
- #139,160
- Nov 19, 2008 9:21pm Nov 19, 2008 9:21pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Later guys got to get some rest. . .