Haha I'm bad at it too...clueless about SLs and TPs...anyway the pound just took a nosedive, I think the setup's been spoiled
ya, sudden burst UP.
Trade What You See - Almost Naked Trading
Sadly, none right now. Was interested in the yen pairs but they're all breaking out against RSI direction, except GBP/JPY, which is looking good for a 3 tap trade...what do you guys think?
Attachment
In the GBP/JPY chart, the 1H 4H and Daily RSIs are pointing down.
But the 3 Taps are below the candles, as support, so that would be good for buying...
Love to hear what you people think!
- #8,686
- Jan 6, 2011 4:05am Jan 6, 2011 4:05am
IMHO, if the RSIs are pointing down, that means that we are only looking to sell the currency.
In the GBP/JPY chart, the 3 Tap are below the candles, as support, so that would be good for buying...
What do you think?
Thank you!
Also I'm afraid the 3 taps is no longer valid for that pair...PMI news caused pound to run through it...
- #8,687
- Jan 6, 2011 4:05am Jan 6, 2011 4:05am
Oh my...so sorry ked I should have reminded you...I assumed you were aware as it was in the schedule you posted
Or did you close half and let it run at BE?
no prob, news can go both ways. my position closed.
from +ve to -12. urgghhhhhhh
Hey there geula...quick question, since it is thursday nearing end of the week, should we be following the RSIs for weekly and daily more than the rest?
Also I'm afraid the 3 taps is no longer valid for that pair...PMI news caused pound to run through it...
However, my point in the previous message is simple:
why trade against the 1H 4H and Daily RSIs, even if the weekly is in agreement? The latest PA is counter the weekly trend.
Just look at the last two 4H red candles in the chart...
IMHO, in such a case we simply wait for PA to go with the weekly trend.
Please feel free to agree/disagree/correct/argue with me.
We are all trying to learn here!
Thank you!
- #8,689
- Jan 6, 2011 4:14am Jan 6, 2011 4:14am
no prob, news can go both ways. my position closed.
from +ve to -12. urgghhhhhhh
- #8,690
- Jan 6, 2011 4:26am Jan 6, 2011 4:26am
IMHO, I agree with you that LG said that the weekly RSI is a good indication at the end of the week, because the weekly trend is already well established.
However, my point in the previous message is simple:
why trade against the 1H 4H and Daily RSIs, even if the weekly is in agreement? The latest PA is counter the weekly trend.
Just look at the last two 4H red candles in the chart...
IMHO, in such a case we simply wait for PA to go with the weekly trend.
Please feel free to agree/disagree/correct/argue with me.
We are all...
- #8,693
- Jan 6, 2011 5:45am Jan 6, 2011 5:45am
Good day all,
Please can anyone assist with the process/procedure on how to instal meta trader on blackberry?
Thank you in advance.
Please can anyone assist with the process/procedure on how to instal meta trader on blackberry?
Thank you in advance.
We trade to live not live to trade................
Good day all,
Please can anyone assist with the process/procedure on how to instal meta trader on blackberry?
Thank you in advance.
http://www.forexfactory.com/showthread.php?p=4267602
Hope this helps.
geula4, can you give me your comment on this BO short trade?
e RSI's not exactly in line though. will it qualify for BO trade here?
In my humble opinion, better that we have confirmation from RSIs.
Also, how is PA in 15M candles?
Perhaps you can post a chart of 15M please?
- #8,697
- Jan 6, 2011 6:21am Jan 6, 2011 6:21am
You are referring to the last red candle that broke down, right?
In my humble opinion, better that we have confirmation from RSIs.
Also, how is PA in 15M candles?
Perhaps you can post a chart of 15M please?
here u go. the lastest 15M. the previous one i post, is also 15M chart.
- #8,698
- Jan 6, 2011 6:23am Jan 6, 2011 6:23am
- Joined Aug 2010 | Status: Trader | 1,282 Posts
Good day all,
Please can anyone assist with the process/procedure on how to instal meta trader on blackberry?
Thank you in advance.
Lol, theres 2 ways to go about this.
1. You can sit here and wait while some idiot goes and googles this and types the answer for you into a post here on forex factory.
2. You can get off your backside and google it yourself.
The point of this post is that we are trying to talk about a specific trading method here and anything other than this just clutters the thread and makes it misleading for others.
here u go. the lastest 15M. the previous one i post, is also 15M chart.
IMHO, I don't like the PA right now (at time of the chart) because we see the latest candle started green, bullish, and we want to see another convincing red candle that goes beyond 0.9920 support are.
We can see this support area if we zoom out to the 1H TF.
Hope this helps.
Please feel free to agree/disagree/ask whatever u want
