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GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

  • #2,621
  • Aug 17, 2011 1:46am Aug 17, 2011 1:46am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Not sure why a few are soo negative here. No need to be uptight. You trade your way, and I'll trade mine.
  • #2,622
  • Aug 17, 2011 1:47am Aug 17, 2011 1:47am
Quoting MarkH
It's just my style so other traders who are learning can get the confidence of using those types of sizes.

Merry Christmas!!
It may well be your style. You will find that others on here use significantly larger lot sizes than you reference, but somehow feel no urgent need to tell others about it. I, and I'm sure others would agree, find it to be brash and immature.

PK, is this the future of this thread?
  • #2,623
  • Aug 17, 2011 1:47am Aug 17, 2011 1:47am
u can pump a baloon as much as u want,but it still is gonna pop one day,or exhaust

just like the eurozone
  • #2,624
  • Aug 17, 2011 1:51am Aug 17, 2011 1:51am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting Mpt
It may well be your style. You will find that others on here use significantly larger lot sizes than you reference, but somehow feel no urgent need to tell others about it. I, and I'm sure others would agree, find it to be brash and immature.

PK, is this the future of this thread?
Wow, some of you are really hung up on how this thread should operate. Going forward; I will be posting my trades and my trade results. And no they're not made from an excel spreadsheet as I have been accused of. How can you produce and spreadsheet that is part of the MT4 platform? I wouldn't even know how to do this. I think there are just some jealous people here. Plain and simple.
  • #2,625
  • Aug 17, 2011 1:54am Aug 17, 2011 1:54am
Quoting MarkH
Not sure why a few are soo negative here. No need to be uptight. You trade your way, and I'll trade mine.
I always wish anyone well in their ventures and everyone, indeed, has their own style. It's just that no-one has any interest in hearing about lot sizes, profit/loss and account balance. If you wish to post here, just cut the hype and outline, in a clear and logical manner, why you think a particular trade direction is valid and appropriate. It's simple. Everyone else does it. Why are you different?
  • #2,626
  • Aug 17, 2011 1:54am Aug 17, 2011 1:54am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting Mpt
It may well be your style. You will find that others on here use significantly larger lot sizes than you reference, but somehow feel no urgent need to tell others about it. I, and I'm sure others would agree, find it to be brash and immature.

PK, is this the future of this thread?
Maybe no one here has the balls to post the truth like it really is. Maybe some want to hide behind a fascad and pretend to you all that they are doing great when no one really knows.

It's easy to hide behind a computer...
  • #2,627
  • Aug 17, 2011 1:56am Aug 17, 2011 1:56am
Quoting MarkH
Maybe no one here has the balls to post the truth like it really is. Maybe some want to hide behind a fascad and pretend to you all that they are doing great when no one really knows.

It's easy to hide behind a computer...

Oh dear. Heaven help us all.
  • #2,628
  • Aug 17, 2011 2:01am Aug 17, 2011 2:01am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
I would just like to be left alone and trade as I wish. If I can help someone, I will....
  • #2,629
  • Aug 17, 2011 2:07am Aug 17, 2011 2:07am
Quoting MarkH
I would just like to be left alone and trade as I wish. If I can help someone, I will....
Consider yourself left alone. I, for one, would welcome your continued inputs here .... but without the display of account/ lot size etc
  • #2,630
  • Aug 17, 2011 2:08am Aug 17, 2011 2:08am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting Mpt
Consider yourself left alone. I, for one, would welcome your continued inputs here .... but without the display of account/ lot size etc
Why does that bother you so much? I am really curious now....
  • #2,631
  • Aug 17, 2011 2:15am Aug 17, 2011 2:15am
Quoting MarkH
Why does that bother you so much? I am really curious now....
I could explain that to you, but the language I use may not be appropriate. Maybe others could find the right words. And if you haven't worked it out yet for yourself, you'll find that most folks here would have little in common with you.
  • #2,632
  • Aug 17, 2011 2:18am Aug 17, 2011 2:18am
Quoting MarkH
It's hard to say at this point. If the price range breaks out of the channel, then we're headed higher. If it retreats, as it looks like it is going to do, then it will be a great short. Too early to tell yet. Don't forget, Japan has, and will conduct interventions to keep the value up.
Interventions to keep the value UP? Lol, I really thought that all Japan has interest in is keeping the value DOWN, or did you mean to keep the value of the dollar up? But of course you can prove me wrong.
I think you really need to go back to the basics.

And like others already pointed out, dollar values are not important, setting a target in dollars in stead of pips is something that no one is waiting for.
To mention a dollar amount ............. I once put 1 dollar in a sub account to find out how fast I could double that amount, it took 28 hours. Does that make me a good trader? No, it doesn't tell anything.

Only thing important is reasons WHY you go long or short.

But I wish you success. Every one their own.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #2,633
  • Aug 17, 2011 2:19am Aug 17, 2011 2:19am
The title of the thread is Technical analysis, not how big my a/c is. If I was a cynical person I'd say someone was touting for clients...lucky I'm not.
FF journal: Peaks and Troffs
  • #2,634
  • Aug 17, 2011 2:22am Aug 17, 2011 2:22am
The dam "may" have broken. Short e/u.
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FF journal: Peaks and Troffs
  • #2,635
  • Aug 17, 2011 3:57am Aug 17, 2011 3:57am
Quoting KillerWhale
So far so good with shorts .......... from 126.30
Took profit @ 125.40 and waiting to see where the 4 hour bar will get us. This might be the end of the retrace but we'll see.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #2,636
  • Aug 17, 2011 4:08am Aug 17, 2011 4:08am
Quoting MarkH
It's just my style so other traders who are learning can get the confidence of using those types of sizes.

Merry Christmas!!
At what point do you plan on cutting losses if it goes against your position? If you don't mind me asking?
  • #2,637
  • Aug 17, 2011 4:44am Aug 17, 2011 4:44am
Quoting MarkH
I would just like to be left alone and trade as I wish. If I can help someone, I will....
Kk.. First of all, it's not happening here. Not in my thread and not with that approach. It may be suitable for you to have confidence in market direction, but the reality, that I know of, is you can't be right 100%. It's not going to happen. Although your intention might be to give the new people confidence in their trade, I personally see that it can be very dangerouse to others (especially the new traders).

I wonder if you would have walked away w no sl if it was your real money....

Your math doesn't add up.... You would set the target... But no sl.... Then going to bed.... And you wanna manage other people's money?

May be it's something to think about?
  • #2,638
  • Aug 17, 2011 5:34am Aug 17, 2011 5:34am
I'm on the sidelines for the moment, waiting for clear direction.
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #2,639
  • Aug 17, 2011 11:47am Aug 17, 2011 11:47am
Going short 126.90
New voice message: Why are you calling me? If I need you, I'll call you!
  • #2,640
  • Aug 17, 2011 6:37pm Aug 17, 2011 6:37pm
Quoting KillerWhale
Going short 126.90
Not a bad idea, G/U is back near what traditionally over the last couple years is decent resistance. I closed my G/J longs and am out waiting to see what shes going to do.

would like to see a nice retracement to the 123 /124 region to get long again
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