geez everything went to sleep, no movment till data and statement are out its looking like, word on the streets is were looking at a 25bps hike 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #156,502
- Jan 28, 2009 12:00pm Jan 28, 2009 12:00pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #156,503
- Jan 28, 2009 12:03pm Jan 28, 2009 12:03pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
hit her sell at 128.65 .. stop set be +1
target lower battle line (support at 128.15)
target lower battle line (support at 128.15)
Blogging daily now at www.volume.zone
- #156,505
- Jan 28, 2009 12:06pm Jan 28, 2009 12:06pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #156,507
- Jan 28, 2009 12:08pm Jan 28, 2009 12:08pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
and you didn't invite me?? what happen? i though we were buddies???
never mentioned it as I would be selling something ... cost was $100 per month to listen to me droning on all morning
Blogging daily now at www.volume.zone
- #156,508
- Jan 28, 2009 12:13pm Jan 28, 2009 12:13pm
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
- #156,510
- Jan 28, 2009 12:14pm Jan 28, 2009 12:14pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #156,511
- Jan 28, 2009 12:14pm Jan 28, 2009 12:14pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I get that from the wife for free
lol she is behind you reading that ..... YOU HAVE BEEN CUT OFF . .. I can hear her screaming
Blogging daily now at www.volume.zone
- #156,512
- Jan 28, 2009 12:14pm Jan 28, 2009 12:14pm
Guys can you plese give me some books to read or some advice. i am at the begining of my trading career. i need as much help as i can get. already down with my live account. don't want to bother but then again if i don't ask who is going to help me understand these markets. so books, systems, trading style, tips, anything. 
please 
please 
Guys can you plese give me some books to read or some advice. i am at the begining of my trading career. i need as much help as i can get. already down with my live account. don't want to bother but then again if i don't ask who is going to help me understand these markets. so books, systems, trading style, tips, anything.
- #156,517
- Jan 28, 2009 12:27pm Jan 28, 2009 12:27pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Guys can you plese give me some books to read or some advice. i am at the begining of my trading career. i need as much help as i can get. already down with my live account. don't want to bother but then again if i don't ask who is going to help me understand these markets. so books, systems, trading style, tips, anything.
well
master the market by Tom Williams is good one
something good on candle patterns .. get to understand these as it shows you what buyers and sellers are up to.
try to stay focused learning basic stuff ....Auslanos system is good but if you go to my old thread ... gbpjpy scalpers there are some really simple systems in the beggining of the thread. Keep it as simple as possible.
Learn how to use fibs ( both retracements and expansions)
Above all .. remember pros sell into strength and buy into weakness .. never chase a move if you miss it , as you think something goes to the moon due to very fast moving up bar of 100 pips . liekly there are pros lurking to sell into that bar and as you enter it they crush you and drop it 150 pips
Always wait for the candle to end on the time frame you are trading before entering any trade ... often i have been caught in this one .. what looks like good down candle turns out to be pin bar showing me buyers have entered the markets.
Never overleverage ... use stops.... brokers are not going to hunt your 5 mini position stop...I never risk more than 1 .5% per trade.
Remember you do not have to be in the market all the time. If market conditions are a pain as they have been for last 2 days ( very choppy) then wait till they settle down . Do not worry if more expereinced guys like me , and a whole bunch of other traders in here are making pips .. trade at your own pace in a market environment that you feel comfortable with
I would suggest trading nothing less than 60 min charts with 15 min charts as entries for now and going for those swing trades.
patience .. patience .. patience ... never rush into a trade. I day trade and often site and watch market of 1 hour before placing trade getting a feel for the market ... before i enter it. ( lol sounds like i am having sex with the market)
If you feel uncomfortable with a trade get out right away , even if losing . i just closed that short for only 16 pips profit . The bear div on 5 min and drop thru my support 128.63 should have driven it down further it stalled on 128.40 .. did not like it so got out and will wait for next trade.
that is about all i can think of for now....
Blogging daily now at www.volume.zone
- #156,518
- Jan 28, 2009 12:36pm Jan 28, 2009 12:36pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
http://www.forexfactory.com/showpost...3&postcount=20
here is todays 5 min charts using this system ..... moves stops to be as soon as you have +20
my woman , who has never traded , learnt this system and doubled her account in 5 weeks. Now I am waiting to teach my 11 year old , maybe one more year. It works in most markets as all you are doing is using the 50 sma ( or any other moving average of your chioce , 33 , and 14 are 2 good ones)
opps not 160 ... doing it in hurry should read 60 pips ,
so 90 , 20 and 60 pips trade , one day.....using very simple system
here is todays 5 min charts using this system ..... moves stops to be as soon as you have +20
my woman , who has never traded , learnt this system and doubled her account in 5 weeks. Now I am waiting to teach my 11 year old , maybe one more year. It works in most markets as all you are doing is using the 50 sma ( or any other moving average of your chioce , 33 , and 14 are 2 good ones)
opps not 160 ... doing it in hurry should read 60 pips ,
so 90 , 20 and 60 pips trade , one day.....using very simple system
Blogging daily now at www.volume.zone
- #156,519
- Jan 28, 2009 12:39pm Jan 28, 2009 12:39pm
well
master the market by Tom Williams is good one
something good on candle patterns .. get to understand these as it shows you what buyers and sellers are up to.
try to stay focused learning basic stuff ....Auslanos system is good but if you go to my old thread ... gbpjpy scalpers there are some really simple systems in the beggining of the thread. Keep it as simple as possible.
Learn how to use fibs ( both retracements and expansions)
Above all .. remember pros sell into strength and buy into weakness .. never chase a move if you miss...
oh i though i heard it all and knew all about you malcolmb, now you're having sex with the market... omg
- #156,520
- Jan 28, 2009 12:52pm Jan 28, 2009 12:52pm
well
master the market by Tom Williams is good one
something good on candle patterns .. get to understand these as it shows you what buyers and sellers are up to.
try to stay focused learning basic stuff ....Auslanos system is good but if you go to my old thread ... gbpjpy scalpers there are some really simple systems in the beggining of the thread. Keep it as simple as possible.
Learn how to use fibs ( both retracements and expansions)
Above all .. remember pros sell into strength and buy into weakness .. never chase a move...
