Here is my analysis.
this book im reading in my tree is really good!!
this book im reading in my tree is really good!!
Attached Image (click to enlarge)
Cable Update (GBPUSD)
- #105,562
- Dec 9, 2008 10:00pm Dec 9, 2008 10:00pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
Alright what I am doing is this...I have a long term short ....but in order for my short to get to the price I whant I know the market is going to trade against it...So what I do is take trades against that and make money as well since I will close my longs in profit ....and then when the market starts heading down I will add to my shorts if needed and then I can have 6-8 trades out of one entry making money in several directions...
OK maybe rather late I went long 1.4771 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #105,564
- Dec 9, 2008 10:01pm Dec 9, 2008 10:01pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Audusd....you see I am up 60 pips or such...If I know the market is going to start heading down I will start taking scalp against my long...this long is a winner since I already locked profits...
- #105,566
- Dec 9, 2008 10:04pm Dec 9, 2008 10:04pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
Audusd....you see I am up 60 pips or such...If I know the market is going to start heading down I will start taking scalp against my long...this long is a winner since I already locked profits...
Attachment
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #105,567
- Dec 9, 2008 10:12pm Dec 9, 2008 10:12pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
and then when the market starts heading down I will add to my shorts if needed and then I can have 6-8 trades out of one entry making money in several directions... Sherms words
Selling as market is going down good luck with that.
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #105,568
- Dec 9, 2008 10:16pm Dec 9, 2008 10:16pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
I don't feel comfortable, I closed at a few green !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #105,570
- Dec 9, 2008 10:24pm Dec 9, 2008 10:24pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
- #105,572
- Dec 9, 2008 10:31pm Dec 9, 2008 10:31pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
I have a bullish candle on my 1H.
Time to go for long
Time to go for long
- #105,573
- Dec 9, 2008 10:33pm Dec 9, 2008 10:33pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
I am long and short lol...
seeking 1.4842...
At this point will close 90 percent of profits and let the remainder run untill it gets stopped out...and then I will start adding to my daily shorts again whent the market starts shifting again...
seeking 1.4842...
At this point will close 90 percent of profits and let the remainder run untill it gets stopped out...and then I will start adding to my daily shorts again whent the market starts shifting again...
good morning every one,hope y'all made pips yesterday,for me it didnt really go well as i followed Algirdas' trade suggestions leaving my own set up,guess that was my fault uhn....
well its a new day hope to make something good,i love viewing things on the brighter side,so i am gonna need all the help i can get today,you guys have all been wonderful as i have learnt a lot from you all.Good pippin' for all of us today.
well its a new day hope to make something good,i love viewing things on the brighter side,so i am gonna need all the help i can get today,you guys have all been wonderful as i have learnt a lot from you all.Good pippin' for all of us today. 