{quote}
Ghost Rider - WWTBMD?
Cable Update (GBPUSD)
- #378,442
- May 20, 2014 5:22pm May 20, 2014 5:22pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
{quote} Is that for my views squawk? Or do you just love the Beast as much as I?
- #378,443
- May 20, 2014 5:29pm May 20, 2014 5:29pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} There for your views Chris
... I was beginning to get a tad jealous.... LOL ... By far my favorite pair.Thank you sir
Ghost Rider - WWTBMD?
- #378,445
- May 20, 2014 6:40pm May 20, 2014 6:40pm
- Joined Dec 2012 | Status: On Life's Path | 2,076 Posts
{quote} I'm in long on the AUD/NZD and added some more orders at 7830. Losing patience with this one though expected a better reaction from that level. Big risk to the down side 0700 which will pretty much put me to break even on the first orders and not willing to let the first orders retrace that much. If it keeps running through will be looking to take all of the table a re-enter lower at the 0700. Long term I am bullish this pair. {image}
Small orders to start scaling in a bit lower. No SL.
Bottoming on monthly chart?
- #378,446
- Edited 8:53pm May 20, 2014 8:43pm | Edited 8:53pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
{quote} Yeah, and also UJ D1 @ key support. You think it's going to slide through it?{image}
Because I believe that trendlines are as relevant to market as pictures of monkeys flinging feces, I've never really studied the methodology...
But, If I Was to draw one...It'd look like this...Even on the higher lows off Trend...
You're not being selective in the data you use, are ya?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #378,447
- May 20, 2014 9:53pm May 20, 2014 9:53pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} Just opened up your USDJPY chart, Dude... Because I believe that trendlines are as relevant to market as pictures of monkeys flinging feces, I've never really studied the methodology... But, If I Was to draw one...It'd look like this...Even on the higher lows off Trend... You're not being selective in the data you use, are ya? {image}
This is how we draw trendline.
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #378,448
- May 20, 2014 10:54pm May 20, 2014 10:54pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
GBP JPY LONG setup (H4 diamond bottom).
- #378,449
- May 20, 2014 10:57pm May 20, 2014 10:57pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
- #378,450
- May 20, 2014 10:57pm May 20, 2014 10:57pm
{quote} exactly.
Trend lines should be drawn the way they produce the most profit, not because someone else tells you what's right or wrong. I draw trend lines as anchor points, not absolute reversals on touches. A combination of the highest frequency of closes and touches can better identify a fighting point versus an oversimplified approach which depends on market price being perfect when it tests a line.
Trend lines on their own aren't a reason to enter a trade, how they coincide with other SR can inform your decision making.
- #378,451
- May 20, 2014 11:36pm May 20, 2014 11:36pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
- #378,452
- Edited 2:34pm May 21, 2014 2:26am | Edited 2:34pm
- Joined Feb 2012 | Status: Trader | 5,619 Posts
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
- #378,453
- May 21, 2014 2:31am May 21, 2014 2:31am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Who is we? Trend lines should be drawn the way they produce the most profit, not because someone else tells you what's right or wrong. I draw trend lines as anchor points, not absolute reversals on touches. A combination of the highest frequency of closes and touches can better identify a fighting point versus an oversimplified approach which depends on market price being perfect when it tests a line. Trend lines on their own aren't a reason to enter a trade, how they coincide with other SR can inform your decision...
Ghost Rider - WWTBMD?
- #378,456
- May 21, 2014 3:06am May 21, 2014 3:06am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #378,457
- May 21, 2014 3:10am May 21, 2014 3:10am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
GU - 4H Clear break and test of the 38.2%. 50 & 100ema's now dynamic support tight together and on top of the 38.2. 4H pin ignored and covered. One small long (6847) on the board and ready to load more on the way. Like to see the 61.8% and back to test the 50% and hold. if so, next bull leg up to 7040+ "likely".
Ghost Rider - WWTBMD?
- #378,458
- May 21, 2014 3:13am May 21, 2014 3:13am
- | Joined Dec 2011 | Status: Trader | 2,927 Posts
swing it!
- #378,460
- May 21, 2014 3:15am May 21, 2014 3:15am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
Approaching 1.69....
I'm long from 1.67560 stop at spread... lets see if I live though this...
Target 1.705
No chart
I'm long from 1.67560 stop at spread... lets see if I live though this...
Target 1.705
No chart