they will check if they made enough and if not talk a little more and maybe then they will have enough to bail out Greece ...! nice move...!!! heheh....!!!
- #192,869
- Feb 9, 2010 12:22pm Feb 9, 2010 12:22pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
To elaborate on my previous post here is the way I traded today. Usually I trade channels..upwards, downwards, ranging...whatever. This requires two walls..the upper wall and the lower wall of a channel. If a trend is up..its preferable to buy at the lower wall. The option to sell at the upper wall is also there but it involves more risk especially when the trend may be strong.
A day like today is not a typical day though. It is hard to establish both walls of a channel. So instead of having a channel, the best tool is a simple line to show where pa is hitting resistance in an uptrend without really breaking and inversely for a downtrend seek out when pa taps the lower wall to place a buy. Take profit is discretionary. While the Eur/Jpy was my pair of choice today...same applies to Eur/Usd. Here are 2 perfect entries based on what I just described and ironically...the news came out when both levels where reached..that upper wall and that lower wall.
That's enough of me today...good pippin all.
A day like today is not a typical day though. It is hard to establish both walls of a channel. So instead of having a channel, the best tool is a simple line to show where pa is hitting resistance in an uptrend without really breaking and inversely for a downtrend seek out when pa taps the lower wall to place a buy. Take profit is discretionary. While the Eur/Jpy was my pair of choice today...same applies to Eur/Usd. Here are 2 perfect entries based on what I just described and ironically...the news came out when both levels where reached..that upper wall and that lower wall.
That's enough of me today...good pippin all.
Different opinions highly valued, ignorant to slander.
- #192,870
- Edited 12:36pm Feb 9, 2010 12:22pm | Edited 12:36pm
- Joined Oct 2008 | Status: sideline is a position | 105,172 Posts
those who can, do. those who cant, talk about those who can
- #192,873
- Feb 9, 2010 12:24pm Feb 9, 2010 12:24pm
got ya same here at 1.3835what fun when your on the good side I could had made a bit more on that but again broker requoted me on close..shit I think they all do that..
Actually I just made the best scalp of my life...was fully leveraged at 1.3828.
One good turn gets most of the blankets.
- #192,876
- Feb 9, 2010 12:32pm Feb 9, 2010 12:32pm
- Joined Jan 2010 | Status: Trader | 11,001 Posts
taking a break 'til asia opens.
will talk later, gator
will talk later, gator
- #192,877
- Feb 9, 2010 12:32pm Feb 9, 2010 12:32pm
- Joined Jan 2010 | Status: Trader | 11,001 Posts
Wonder if the President (Mr. O) will bail out Greece also.
- #192,879
- Feb 9, 2010 12:34pm Feb 9, 2010 12:34pm
- Joined Oct 2008 | Status: sideline is a position | 105,172 Posts
those who can, do. those who cant, talk about those who can
