Usd will go down by 25~30% in about 3 years time. A, N & C will go up by 25~30%, J, E, G & D not sure. So, GJ pair faces a lot of uncertainty. Not a good pair to trade at this point of time.
Spongebob's VS GBP/JPY Journal
- #501
- Oct 11, 2010 11:45pm Oct 11, 2010 11:45pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
- #502
- Oct 12, 2010 12:05am Oct 12, 2010 12:05am
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
long hit SL...and sell hit SL..now waiting for new long setup...wait till H4 candle close..i goin to move 1 active long SL to 129.51 (from 128.51) any mins now..
ps: ignore that EC..just playing around hahahha
ps: ignore that EC..just playing around hahahha
- #503
- Oct 12, 2010 12:10am Oct 12, 2010 12:10am
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
when u missed short from 134.39..it does hurt a little bit hahaha...oh well, sometime we just not in the right time or near the computer..
- #505
- Oct 12, 2010 6:58am Oct 12, 2010 6:58am
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
- #506
- Oct 12, 2010 4:47pm Oct 12, 2010 4:47pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Hi Micro
Im not sure I quite follow your system completely, can you help?
From what I can gather from the posts spread throughout your thread, the attached chart shows how you are supposed to trade according to your rules. Are these correct?
Cheers,
Chngster
welcome and sorry for late reply..anyway i use zz pointer in H4 chart/candle..please refer to post #485 so u can see how the indicators look like..or u can check below chart..
So when ever zz pointer arrow come out i will pending either buy or sell..for example if arrow pointing up is out..i will use H4 candle hi for buy, SL will be H4 candle lo..
i use 2 orders, with no TP only SL...if price move more than +200 pips i will move SL either +10 or -10..thats it..
To close trade is up to u...u can close 1 of the orders when opposite arrow (zz pointers) come out...or u can do TS (trailing stop)..and so on...
hope u understand...good luck
Face both Win and Lose bravely- #508
- Edited 4:49pm Oct 13, 2010 12:56am | Edited 4:49pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Hi Micro,
Your ZigZag indicator is different from mine, my ZZ is just line, your is arrow. In term of record, arrow seem to be a better one.
- #509
- Oct 13, 2010 1:10am Oct 13, 2010 1:10am
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Lets see how far can price go...either straight up or just another false signal..
edited: buy should be somewhere 129.37 (different brokers might have different entries/number) mine is 129.40
edited: buy should be somewhere 129.37 (different brokers might have different entries/number) mine is 129.40
- #513
- Oct 13, 2010 4:14pm Oct 13, 2010 4:14pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
- #514
- Oct 13, 2010 4:16pm Oct 13, 2010 4:16pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
hello,
could you please upload the exact same zz pointer you are using, please?
i can't seem to get the default one working like yours.
Thanks
- #515
- Oct 13, 2010 4:21pm Oct 13, 2010 4:21pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
- #517
- Oct 13, 2010 7:14pm Oct 13, 2010 7:14pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Below is how my chart look like.
- #519
- Oct 13, 2010 7:21pm Oct 13, 2010 7:21pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts