any ideas here?
- #422
- Aug 13, 2015 6:14am Aug 13, 2015 6:14am
- Joined Jul 2011 | Status: Gold Again | 10,651 Posts
MAY THE TREND BE WITH YOU
- #424
- Aug 13, 2015 6:27am Aug 13, 2015 6:27am
- | Joined Nov 2014 | Status: Trader | 1,140 Posts
{quote} Are you a bull or a bear?
- #426
- Aug 13, 2015 11:28pm Aug 13, 2015 11:28pm
- Joined Jul 2011 | Status: Gold Again | 10,651 Posts
{quote} nothing yet but thinking
MAY THE TREND BE WITH YOU
- #427
- Aug 14, 2015 12:39am Aug 14, 2015 12:39am
- | Joined Nov 2014 | Status: Trader | 1,140 Posts
{quote} Yes, I see your problem...
Looks bearish on short term, but i'm in fact bull on long term.
- #429
- Aug 18, 2015 2:05am Aug 18, 2015 2:05am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
{quote} yes a true dilemma
The Green line on Daily shows the Monthly 50% retracement of the range. so in my book, it's ripe to resume its uptrend.
- #435
- Aug 20, 2015 2:36am Aug 20, 2015 2:36am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
{quote} gbp shows me something here and something else elsewhere. Hard for me to decide i guess i have skip this pair for while.
...for comparison i have included two other popular pound pairs, including the GBPJPY. traders have nick-named the Geppy the "Beast"... in my opinion it's a misnomer because that nickname rightly belongs the pound/ozzie pair, GBPAUD.
Checkout its price ranges...it dwarfs everything else.
...forgot to mention that if u use a broker that has sunday trading bars such as Oanda then that Daily Ranges will be much smaller.
Obviously that figures are in pipettes, so 2053 should actually be 205.3 pips
- #436
- Aug 20, 2015 3:17am Aug 20, 2015 3:17am
{quote} I have decided just the opposite, i am going to focus almost exclusively on this pair from now on. that is for scalping if and when i get the time and for intraday trading. i have included below the average price range of this pair GBPAUD over 5 days, 22 days and for 6mths. ...for comparison i have included two other popular pound pairs, including the GBPJPY. traders have nick-named the Geppy the "Beast"... in my opinion it's a misnomer because that nickname rightly belongs the pound/ozzie pair, GBPAUD. Checkout its price ranges...it dwarfs...
- #437
- Aug 20, 2015 3:51am Aug 20, 2015 3:51am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
{quote} Hi sunshine, looking at this pair, I agree with you
good to hear of u again, i trust your family is well too.
about 2mths ago i was back in your town and then travelled to my village to lay my blessed mother to rest. brought my 8yr old, now 9, grandson with to spend the some time with us here on the east coast during our fasting month. What a pleasure he is to have around...couldn't leave his teenage uncle (mamajee) alone. He wants to be chef and delighted his nani (granny) in the kitchen.
tip: this is what i have decided how to go about trading the GBPAUD pair,
...20 to 40 pip movements in the 1min timeframe is normal, so choose your risk accordingly and
...choose a scalping or intraday style initially until one feel comfortable with its ranges.
...also, i found that its price patterns are more reliable for follow-thru compared to the Cable & Geppy.
...today i'm floating around in the harbour and sometimes i loose internet signal which is a no-no for scalping, so for now i'm just observing price action,
...when i'm good and ready i will strike.
All the best to u.
- #438
- Aug 21, 2015 4:41am Aug 21, 2015 4:41am
{quote} hello duderoo
I see you dived into some trades, and got a few and lost a few on GA?
Hairy?
- #439
- Aug 23, 2015 1:51am Aug 23, 2015 1:51am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
{quote} All good thank you and trust with you as well. I see you dived into some trades, and got a few and lost a few on GA? Hairy?
yes, u can say that again...a bit hairy, i like mine clean
anyway, i made 2 finger-mistakes that was platform related because i entered 2 trades in the GBPAUD which was meant for the GBPJPY, u can see those 2 trades were closed very quickly.
reason for that mistakes was i entered the trades off my cell fone...i was looking at the 4hr chart of GBPJPY and then i switched to the screen to enter but the symbol never switched as it was supposed to, anyway it's my fault because i should have verified that i am on the right pair before entry. that geppy trade resulted in a loss as well.
then late on Friday i noticed 3 buy entries and i decided to enter with the intention of holding them over the weekend, as u can see from my explorer they're still open.
i'm not expecting all of them to survive, but i'm tired of kicking myself when the trades take off without me on-board, so i will rather risks being stopped out then kicking myself again...i feel good about those trades because i followed my strategy...so even if all of them get stopped-out i will still feel good about entering them because i followed my method and strategies.
how is your trading going ? any open trades and any pairs that watching ?
