Still holding my short on EU since yesterdays highs. I almost got my TS hit a couple of times but so far so good. I will leave this trade running to TP1 1.2890 and TP2 1.2820/30.
- #713,122
- Nov 1, 2012 3:40am Nov 1, 2012 3:40am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #713,123
- Nov 1, 2012 3:40am Nov 1, 2012 3:40am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #713,127
- Nov 1, 2012 4:06am Nov 1, 2012 4:06am
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Loved that good GBP data. Finally broke out of that range and made about 30 pips 
will wait for next data in 20 minutes for next trade. I will pend both buy above and sell below, say 5 pips each way.
will wait for next data in 20 minutes for next trade. I will pend both buy above and sell below, say 5 pips each way.
Even the worst trade can close with profit. Just give it time.
- #713,129
- Nov 1, 2012 4:08am Nov 1, 2012 4:08am
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Hi all,
This is what I am trading for the next few hours.
A Head and Shoulders pattern. Basically I expect price to bounce off my 38.2 fib level, which is 1.298, which is at the same height as the left shoulder.
I then expect price to fall by the amount it rose, i.e. back down to 1.2900.
Here is a good description if you don't quite understand how it works
http://www.babypips.com/school/head-and-shoulders.html
Jonathan
Even the worst trade can close with profit. Just give it time.
- #713,131
- Nov 1, 2012 4:13am Nov 1, 2012 4:13am
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Even the worst trade can close with profit. Just give it time.
I believe that is M15 chart. Personally I would look out at say H1 or H4 for a real move. Unless of course you are scalping.
If you look on the H1 you can see Head and Shoulders occuring. It isn't perfect, but it's looking pretty standard.
totally agreed
- #713,135
- Nov 1, 2012 4:23am Nov 1, 2012 4:23am
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
totally agreed
Even the worst trade can close with profit. Just give it time.
- #713,136
- Nov 1, 2012 4:30am Nov 1, 2012 4:30am
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Loved that good GBP data. Finally broke out of that range and made about 30 pips
will wait for next data in 20 minutes for next trade. I will pend both buy above and sell below, say 5 pips each way.
Even the worst trade can close with profit. Just give it time.
- #713,137
- Nov 1, 2012 4:31am Nov 1, 2012 4:31am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan 
- #713,138
- Nov 1, 2012 4:31am Nov 1, 2012 4:31am
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
down comes the pound! not in a hurry though
Even the worst trade can close with profit. Just give it time.
- #713,140
- Nov 1, 2012 4:33am Nov 1, 2012 4:33am
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Even the worst trade can close with profit. Just give it time.