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Shermenator replied Feb 16, 2012GBPUSD update — Alright I have been taken out of my gbpusd trade...I still believe this has the tendency to want to go up I might of been just a bit early. I will continue to watch price action as it develops as US open . And will determine if ...
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 16, 2012Its a very strong level ...these type of levels after such huge extensions dont required price action since they are very solid with very good odds. If you are the trader that bought at the bottom they are probably going to be taking profits at the ...
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 16, 2012GBPUSD — I am currently still holding my long from earlier this session...only position I have taken today so far. I will be looking to manage my trade as price action develops image
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 16, 2012I like the level even though I prefer taking long trades in the gbpusd... But if I bought this I would be looking to push price way higher. I would also probably not be moving my stop up fast as I expect a dog fight to take place from the smaller ...
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 16, 2012So one of the things I have noticed in the gbpusd is the amount of strength it is showing since yesterday. The fact that it did not fall like the euro shows me their is alot of strength in the buying side at least for now.
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 16, 2012Trend is all relative...to all of last months push up this is just a pullback...I just watch price action to tell me my direction
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 16, 2012Its not a bad trade ...I still prefer longs in the gbpusd before buying something in the audusd. Also if I bought the audusd I would be targeting the top of the market range all the way back to yesterdays high
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 16, 2012GBPUSD — Alright I am now long in the gbpusd ....Will be watching price action as it develops...looking to push price to revisit yesterdays high. Like the way price has absorbed the sellers on the lower time frame demand level... image
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 16, 2012Great trade I will probably try and get long with you
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012Well I normally go for in between lol ...when its levels over levels unless the level on top is extremely strong I wont just put my stop below it. But it all depends on what I see on the chart and what I consider to be stronger ( No right or wrong ...
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012Its the one everyone has on metatrader ...click on the fib button on metatrader and setup the fibb like I showed in my past picture, Its not an indicator I just edited the fib levels from the regular fib tool on metatrader.
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012Nice trade man...try and stick to your plan. I like to let my trades run alot...it makes it very easy to make my money back if I have a small losing streak . When I do I dont mind since the winners make way more then my average loser
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012Fib tool — These are the setting I have on my fib tool ... image
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012I use a fib tool...and what I do is remove all the levels and only leave one . Then I have a template with that fibb so I dont have to delete the levels every time I want to use it .
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012GBPUSD I have now been taken out of the trade with like 2 pips or so ... Onto the next investment image
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012GBPUSD — Alright I have now moved my stop down ... I will keep on watching price action and making decisions on it image
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012GBPUSD — I should be adjusting stop to break even soon image
B.S. Trading with Kenneth Lee
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Shermenator replied Feb 15, 2012Price missed my target by .5 pips and missed my stop by 1.5 pips lol I have now closed since I dont like the 1 hour wick ... total return was 1 to 1.5 ...money management is the most important thing image
B.S. Trading with Kenneth Lee