Morning folks -
Discipline + Patience - Fear - Greed = Success
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #146,181
- Dec 4, 2008 11:20am Dec 4, 2008 11:20am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
- #146,183
- Dec 4, 2008 11:22am Dec 4, 2008 11:22am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
If we have a hammer for the tnx at daily close, there might be
a chance for a short term (2-3 trading days) bull scenario, with target daily gann line in the middle of the next week.
Might be, caused by the fire made of straw (rate decision). Structure of the moves (bull move - consolidation - bull move - consolidation and so on, on lower timeframes looks more bullish.
But daily is not closed yet and there are offers for a good entry point
for a short at ~138
.
a chance for a short term (2-3 trading days) bull scenario, with target daily gann line in the middle of the next week.
Might be, caused by the fire made of straw (rate decision). Structure of the moves (bull move - consolidation - bull move - consolidation and so on, on lower timeframes looks more bullish.
But daily is not closed yet and there are offers for a good entry point
for a short at ~138
.
- #146,186
- Dec 4, 2008 11:24am Dec 4, 2008 11:24am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
The difference between the veteran Forexers and the noobs is similar to those locked up in prison. The new guys come in and say, "Hey, I can do this, make a few friends, do my time, get out."
But the old timers don't share the same optimism. Instead they give advice and warn the noobs, but ultimately, EVERYONE has to take that first shower...
http://img59.imageshack.us/img59/833...dshower7eh.jpg
- #146,187
- Dec 4, 2008 11:24am Dec 4, 2008 11:24am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Morning folks -
- #146,188
- Dec 4, 2008 11:25am Dec 4, 2008 11:25am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
The difference between the veteran Forexers and the noobs is similar to those locked up in prison. The new guys come in and say, "Hey, I can do this, make a few friends, do my time, get out."
But the old timers don't share the same optimism. Instead they give advice and warn the noobs, but ultimately, EVERYONE has to take that first shower...
Discipline + Patience - Fear - Greed = Success
- #146,190
- Dec 4, 2008 11:29am Dec 4, 2008 11:29am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
What's up bro - how are you???? Did u hold on to the EU long????? Nice play wasn't it. . .
Looking to short EU ar'd 1.29 area but patience will be key on this on. My SL will be generous on it (150 pips) with small positions. Plan to add/load up on it if get's to 1.3 to average out. . . It should make new lows soon, ABC correction should end and so will the consolidation period. . .
- #146,192
- Dec 4, 2008 11:32am Dec 4, 2008 11:32am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
The difference between the veteran Forexers and the noobs is similar to those locked up in prison. The new guys come in and say, "Hey, I can do this, make a few friends, do my time, get out."
But the old timers don't share the same optimism. Instead they give advice and warn the noobs, but ultimately, EVERYONE has to take that first shower...
- #146,193
- Dec 4, 2008 11:33am Dec 4, 2008 11:33am
- Joined Oct 2007 | Status: Trader | 5,510 Posts
my target as well.
- #146,199
- Dec 4, 2008 11:40am Dec 4, 2008 11:40am
I believe there are 3 rules for sucksess:
1- Just send your comments here and also learn from forums like this as everyone is doing BUT NEVER OPEN POSITIONS BECAUSE SOMEONE'S CALL.
2- Stick to your system, whatever it is and follow your chart only. I promise every system works and makes money IF you follow it.
3- Use proper MM (%1-%3 of your whole account for every position you take, as simple as that) and don't over leverage any trade no matter how confident you feel about the market.
You will be successful....
