Dislikedthat is really agreat thread for both newbies and pros..well done nomask
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Horizontal Lines on Round/Major Numbers? 30 replies
execution time for major broker, major pairs 3 replies
Trading With Speed Resistance Lines 12 replies
Trading With Median Lines book 1 reply
DislikedHi nomask:
I'm puzzled by your selection of AUDUSD. It looks like it is testing 1.0500 and I'm sure I have seen you state that such a pair isn't suitable until it breaks thru decisively.
Can you explain?
Regards,
JSIgnored
DislikedHi JS.
What if it crashes that median line down?according to the last weekly price action this is what I expect.charts attachedIgnored
DislikedHi, nomask! In first i want to say: thank you very much for you lessons and comments. Trading EU at begining (when you start the theme) was very good. I just try to own your method and (of couse) i need help. By the way: the situation for eurjpy looks like audusd isn't it?Ignored
DislikedMan, I'm losing my mind. 400+ pips in long EUR/USD positions dead on BE after the news on Thursday. And it was seemingly bullish news (wtf??). Anyway, I have 2 shorts on USD/JPY still alive at almost 300+ pips. Since I'm a US customer (can't hedge) and I clearly see long on the weekly for USD/JPY, I'm considering taking profits on these shorts. Any advice for me would be welcome by Nomask and others.
After being up a total of 700+ pips this week, I am really having a hard time believing that I wouldn't have been better off closing it all out....Ignored
DislikedI don't believe there is any reason to stick with a broker who won't allow hedging. Even if it is a bit of a hassle to change brokers (it can still be done REALLY quickly), it is not possible to trade effectively (certainly not in Graeme or Nomask's way of trading) without being able to go both long and short on the same pair.Ignored
DislikedHi Jason..
just like you said,eu could've been moved another 500 pips easily if it played as per the fundamentals.But sometimes it doesn't and there is nothing you can do about it.
Hedging is an important part to my trading method because when price makes an opposite price action to my current position then I'd have to take advantage of it by hedging.
I believe that your 400 pip-eu trade was very close to hit 1000 pips level.
about your uj trades I posted some charts before and said that I expect a bullish week for it but If I were you I would try...Ignored
DislikedJust saw this reply, Nomask. I haven't closed my positions yet, but I think I should have right when the market opened this week. I will keep my fingers crossed. I just can't go long on UJ until I close them, unfortunately. I could say some unpleasant things about the US government right now, but I'll refrain from that.Ignored