Closed short +50.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #156,082
- Jan 27, 2009 4:06am Jan 27, 2009 4:06am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
sory for asking dumb questions. but i have no clue right no. i hate loosing so if it was about loosing i would have closed it right away but i have no ideea what i was thinking. i kept adding resistence levels and watching how they got taken
- #156,083
- Jan 27, 2009 4:08am Jan 27, 2009 4:08am
The trend is up for me, so I'll be looking to buy dips.
That's the plan
126.95 is now were we will find it harder to pass i will get back to buying dips above here, price is now below 200 ema on 1m charts and on r1 so a buy at r1 is good option with tight stops. as i said im out for now
Private Account Manager & Trader since 1999
- #156,084
- Jan 27, 2009 4:09am Jan 27, 2009 4:09am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
The trend is up for me, so I'll be looking to buy dips.
That's the plan
- #156,087
- Jan 27, 2009 4:22am Jan 27, 2009 4:22am
Karmo the longer term trend is down - when buying dips for the current up trend what are you looking for and what tells you that the longer term downtrend will not bite u in the bum ?
he knows what he is doing
but if we stay under r1 now the daily pivot at 123.30 can be seen on down moves as nothing stopping us but for now if price is under r1 we can see down trend moves
Private Account Manager & Trader since 1999
- #156,088
- Jan 27, 2009 4:25am Jan 27, 2009 4:25am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Karmo the longer term trend is down - when buying dips for the current up trend what are you looking for and what tells you that the longer term downtrend will not bite u in the bum ?
I'll wait for confirmation on 15m chart before buying, so it's not just buy any dip and wait, lol.
Trade what you see, not what you think.
- #156,089
- Jan 27, 2009 4:26am Jan 27, 2009 4:26am
- | Commercial User | Joined Mar 2008 | 1,651 Posts
he knows what he is doing
but if we stay under r1 now the daily pivot at 123.30 can be seen on down moves as nothing stopping us but for now if price is under r1 we can see down trend moves
- #156,096
- Jan 27, 2009 4:45am Jan 27, 2009 4:45am
- | Commercial User | Joined Mar 2008 | 1,651 Posts
Yep, re-entered short targeting daily pivot, which just changed to 125.48 on my chart.
closed some just now+40, rest trailing sl.
- #156,097
- Jan 27, 2009 4:50am Jan 27, 2009 4:50am
can you describe more in words what was the setup?
as i said before we go down so i was scalping against the trend on low time frames, if i was scalping with trend i would look at the stoc and candle ( volume ) to enter sells every time we saw stoc above 90 on 1m
On the chart i posted i waited for stoc and macd to be over sold on 1m plus candle lower volume i took the bounce and close as soon as stoc hit the over bought
Private Account Manager & Trader since 1999
- #156,099
- Jan 27, 2009 4:54am Jan 27, 2009 4:54am
as i said before we go down so i was scalping against the trend on low time frames, if i was scalping with trend i would look at the stoc and candle ( volume ) to enter sells every time we saw stoc above 90 on 1m
On the chart i posted i waited for stoc and macd to be over sold on 1m plus candle lower volume i took the bounce and close as soon as stoc hit the over bought
