Trading Forever !!! 
- Post #2,822
- Quote
- Mar 1, 2012 6:26am Mar 1, 2012 6:26am
- | Joined Nov 2009 | Status: Member | 2,582 Posts
- Post #2,823
- Quote
- Edited 3:16pm Mar 1, 2012 8:58am | Edited 3:16pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- Post #2,826
- Quote
- Mar 1, 2012 10:23pm Mar 1, 2012 10:23pm
- | Joined Nov 2009 | Status: Member | 2,582 Posts
An illustration of where I anticipate GJ might be heading in the short to medium term.
Red lines are trendlines (obviously)
Blue lines show a channel that it's been in place since between 140 and 117.
Green channel is its current rising channel.
Purple line may be bottom of the major rising channel.
Break above blue channel at 131.2~3 (and thereby negating that channel at long last) would see it run head-long into TL and green channel resistance at 131.5 ~132. Then down for wave 4.
Significant break above 132 would change things again.
Red lines are trendlines (obviously)
Blue lines show a channel that it's been in place since between 140 and 117.
Green channel is its current rising channel.
Purple line may be bottom of the major rising channel.
Break above blue channel at 131.2~3 (and thereby negating that channel at long last) would see it run head-long into TL and green channel resistance at 131.5 ~132. Then down for wave 4.
Significant break above 132 would change things again.
- Post #2,827
- Quote
- Mar 1, 2012 11:47pm Mar 1, 2012 11:47pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- Post #2,828
- Quote
- Mar 2, 2012 12:02am Mar 2, 2012 12:02am
- | Joined Nov 2009 | Status: Member | 2,582 Posts
- Post #2,829
- Quote
- Mar 2, 2012 8:52am Mar 2, 2012 8:52am
- Joined Nov 2011 | Status: That ol´ grumpy bastard... | 3,235 Posts
Quant Hedge Fund CEO
- Post #2,830
- Quote
- Mar 2, 2012 3:48pm Mar 2, 2012 3:48pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- Post #2,831
- Quote
- Mar 3, 2012 7:05pm Mar 3, 2012 7:05pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Imho, there´s a potential pinbar + fakey scenario forming in geppy, what do you guys think? Of course, we have to wait till proper close to confirm this, but as Friday develops, I think this might be very playable...
Looking for reading some comments.
- Post #2,833
- Quote
- Mar 5, 2012 1:06am Mar 5, 2012 1:06am
- Joined Feb 2012 | Status: Member | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- Post #2,834
- Quote
- Mar 5, 2012 1:58am Mar 5, 2012 1:58am
- | Joined Nov 2009 | Status: Member | 2,582 Posts
- Post #2,835
- Quote
- Mar 5, 2012 2:03am Mar 5, 2012 2:03am
- | Joined Feb 2012 | Status: Junior Member | 5 Posts
- Post #2,836
- Quote
- Mar 5, 2012 2:25am Mar 5, 2012 2:25am
- Joined Feb 2012 | Status: Member | 21,377 Posts
You might want to at least consider setting your stop losses to break even on those trades
up 70+pipsI am watching it now.Added more on the position.I hate SL because one tiny spike can cost you $$$$ only to rebound within seconds
In trading, you have to be defensive and aggressive at the same time
- Post #2,837
- Quote
- Mar 5, 2012 2:26am Mar 5, 2012 2:26am
- | Joined Nov 2009 | Status: Member | 2,582 Posts
Why think even when I am
I am watching it now.Added more on the position.I hate SL because one tiny spike can cost you $$$$ only to rebound within seconds
Fair enough
- Post #2,838
- Quote
- Edited 3:02am Mar 5, 2012 2:32am | Edited 3:02am
- Joined Feb 2012 | Status: Member | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- Post #2,840
- Quote
- Mar 6, 2012 6:35am Mar 6, 2012 6:35am
- | Joined Nov 2009 | Status: Member | 2,582 Posts