By the way, Plan B is to turn the monitor upside down, change the candle colours and continue as normal.
- #524
- Nov 16, 2012 8:55am Nov 16, 2012 8:55am
http://www.wikihow.com/Literally-Rot...omputer-Screen
Hahahahaha, good one! But maybe there is an indicator that can do that
- #528
- Nov 16, 2012 7:37pm Nov 16, 2012 7:37pm
- Joined Nov 2009 | Status: Trader | 2,582 Posts
Mate, your sweet red trendline just got raped with a thin green bar.
(comedy.trading.press)
You are not wrong. Maybe, just like a bad workman, I should blame MT4 for the way it transposes a monthly TL onto shorter timeframes. Or maybe I should just go back to trend line school. Or maybe it just didn't like the colour red!!!
I would now expect a retrace and another run for the top next week
- #529
- Nov 16, 2012 11:10pm Nov 16, 2012 11:10pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #530
- Nov 16, 2012 11:18pm Nov 16, 2012 11:18pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
You are not wrong. Maybe, just like a bad workman, I should blame MT4 for the way it transposes a monthly TL onto shorter timeframes. Or maybe I should just go back to trend line school. Or maybe it just didn't like the colour red!!!
I would now expect a retrace and another run for the top next week
Time turns trend. - W.D. Gann
- #531
- Nov 17, 2012 2:02am Nov 17, 2012 2:02am
- Joined Nov 2009 | Status: Trader | 2,582 Posts
Never draw a trendline on one time frame, then click onto another time frame with that trendline. Major MT4 glitch. You have to draw separate trendlines for each time frame that you're working with. Been there, done that. GL
Yes, MT4 is a heap of rubbish. I wish (along with everyone else) that someone would develop a better version .... NOT MT5
- #532
- Edited 2:52am Nov 17, 2012 2:35am | Edited 2:52am
- Joined Nov 2009 | Status: Trader | 2,582 Posts
Its not about pips but real money.Your pip could be 1C mine could be $8
When a novice trader tries to talk with pros about money to be made they say "It is not about money, it is about pips, so we can all talk about the same thing". So which one is it? I explained why I told what amount of pips was earned, I also said I won't do that again.
There's a massive debate going on in the Cable thread about GU being bearish versus bullish. Most are on the bearish side, with some good arguments. This pertains heavily as to where GJ will be going.
I see UJ as consolidating/ slightly bearish ... maybe/just possibly about to make a cup/handle formation (with the cup already formed/forming)
edit although quite often the contrary argument wins out big time
there are so many traders negatively charged here I gona start calling you people ions! So maybe it is bearish, what do I know, if I would know everything I would be a billionaire! But that you (multiple of you ions not you personally) not even allow the CHANCE that market might be bullish is a comedy! A comedy, mate! - #535
- Nov 18, 2012 5:09am Nov 18, 2012 5:09am
- Joined Nov 2009 | Status: Trader | 2,582 Posts
You are not wrong. Maybe, just like a bad workman, I should blame MT4 for the way it transposes a monthly TL onto shorter timeframes. Or maybe I should just go back to trend line school. Or maybe it just didn't like the colour red!!!
I would now expect a retrace and another run for the top next week
Why?? Because I still think this wave is a wave 2, with wave 1 starting at 129.6. The most basic but solid rule is that wave 2 can never go beyond wave 1.
So, if it breaks 129.6 by even half a pip, the next stop is likely to around 130.9, where the top of the possible channel sits, in conjunction with the Daily 800 SMA.
As with a few other pairs right now, the bullish/bearish debate may come down to 1 pip.
- #536
- Nov 18, 2012 9:25am Nov 18, 2012 9:25am
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #537
- Nov 18, 2012 9:43am Nov 18, 2012 9:43am
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #539
- Nov 18, 2012 11:56am Nov 18, 2012 11:56am
- Joined Oct 2011 | Status: quo | 4,193 Posts
Can I ask you something? I really don't understand why would you open Sell 7 JPY pairs at the same time (I assume)? Don't you find it to risky?
it is risky, but not too risky, because of my leverage. and that why i have this beautiful collection
i do not think when i trade (sounds funny?). i only anticipate. i anticipated all jpy pairs will fall (at higher TF they were down, so i sold high at lower TF), took my trades. simple as that. now after friday's move (which did not go my way), i feel some of these pairs may still rise higher, if that happens i simply will eat the loss, thank Mr. Market, and will look somewhere else to find another potential trade.
As Above, So Below
- #540
- Nov 18, 2012 1:37pm Nov 18, 2012 1:37pm
very sound question. but my reply may not be as sound as you may expect. meanwhile i will try.
it is risky, but not too risky, because of my leverage. and that why i have this beautiful collection
i do not think when i trade (sounds funny?). i only anticipate. i anticipated all jpy pairs will fall (at higher TF they were down, so i sold high at lower TF), took my trades. simple as that. now after friday's move (which did not go my way), i feel some of these pairs may still rise higher, if that happens i simply will eat the loss, thank Mr. Market,...
My two cents. Have a great week.