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Petefaders replied Jan 9, 2009yeah but technically it still looks like consolidation. Might be time to play ping pong scalping.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 9, 2009
Quite around here..freaking about your shorts? I closed mine for a 50 pip loss then took a quick scalp up for 12 pips with half still on. gotta keep on truckin'. We could be in for a crappy friday.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 9, 2009
Maybe, but I've been using it to help determine if a break out is real by checking for increased volume. This worked really well for me this week.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 9, 2009
It would have been a buy signal for me if this went up and broke resistance (red dots), with higher volume. image
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
ahh, I'm always down for a good brawl. I think you're right about that.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
I was just kidding but would like to know the reason why price/volume may shoot up RIGHT before an expected drop..kinda blows a whole in my scalping system. I guess it's to sell at a higher price...I dunno.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
What the hell was that buying right before the break down, Karmo? Almost made me close my shorts and reverse lol.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
A Channel Is Born, I hope. — image
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
ok, you KNOW Aisa can be tricky, but yes I missed that obvious sell entry. Gotta get my brain in gear. didn't trade NY today..got 14 strait hours of trading ahead.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
Aisa is tricky for me, gotcha.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
aww, took a loss. I'm on the downtown trian now though.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
not sure I see h&s, on what TF?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
in long, hoping she will visit 139.50
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
I see that, but there are some buyers causing resistance I think. She may not go down so easy right now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
First sign of buyers..138.85
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
Absolutly, being carefull with shorts here, but my eyes tell me sell, I sell.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Petefaders replied Jan 8, 2009
Yeah Piters, you go! sorry too much caffine today.
Auslanco - GBP/JPY and GBP/USD (newstrade)