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- rgitt05 replied Feb 23, 2010
Based on my daily chart, I have a 76.8% retracement at the 1.48-1.49 zone before a possible reversal.. Overall the GU is bearish. When Ben talks tomorrow about rate increase, Kaboom for the GU,GJ,EJ,etc... Also, I included the weekly GU chart.. if ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 23, 2010
Why don't you get your own journal posting your other trades? You are cluttering up this board with other pairs... This is the GU and GJ board..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 23, 2010
I will stick to a simple rule I use...Trade only in the 4hr,Daily bias direction until a major S/R is hit... Weekly S3 137.55 possible reversal.. Kaboom
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 23, 2010
Dunno.. This market is in the mixed.. No one knows where this market is going...Eurozone been quiet and Ben can spark some major PA tomorrow.. Scalping is the safest way to trade atm..
IMHO. I am waiting for the test of the 141.00 before ...Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 23, 2010
Straddle the highs and lows..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 23, 2010
Hopefully, wednesday when Ben talks things will move faster.. Scalping time atm
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 23, 2010
I am consolidating for the big kaboom later... Scalping atm...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 17, 2010
It is really not about bullying but newbies screaming about their trades without a long history for others to recognized..If this FF have to be real serious than most people will cry about their margin call everytime..I know many people in the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 17, 2010
Many traders stopped posting here because of newbies like yourself warning people about trading without a merit..You said on your post that the short was valid...Great advice... I hope the newbies don't follow your charts..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 17, 2010
OMG, a newbie come over here crying over ego..I've been a member since 2005 and I see the same mistakes over and over again.. I guess I bought my vouchers to brag about my trades...You keep posting fuzzy charts that look crap.. I don't have to be ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 17, 2010
I posted earlier to target 143.50 -144.00 zone for now.. All last week the 144.0 zone held up as a support and now it is a resistance.. Good Luck to the newbies with their shorts.. Back to bed... Trend is your friend..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 17, 2010
Trend is your friend.. Maybe an eye test will help you see things better.. I warned many times to not take a short.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 16, 2010
Why are you forcing a trade? The PA haven't hit a major resistance level. Patience
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 16, 2010
I usually add position my trade is up at least 50 pips and I lockin pips to prevent a losing trade...MM is important to not overleverage cause of a possible DD. To keep it simple, use a trailing stop with 20 pips setting and set your target. Use the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 16, 2010
Sound like a plan. However, this market been weird for weeks and this Greece crisis can screw things up more..FOMC tomorrow can possible be positive..If the news from the feds is positive than I predict a full retracement to 147-148 area on the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 16, 2010
To keep it simple: If you know the overall bias is bullish on the higher TF's, than trade a small position.. When I swing trade, I take a smaller risk than add on once the trade is in profit. I add to the position not risking more the 3-5% of the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 16, 2010
It will probably not happen now until the 143.50-144.00 area is tested first.. The 140.4 area been tested several days on the daily chart... I don't think anytime this week 140.50 area will tested until the fib levels are tested.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Feb 16, 2010
You guys will never learn that the trend is bullish.. You will get burn on those shorts..
Auslanco - GBP/JPY and GBP/USD (newstrade)