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mike w replied Nov 26, 2007Congratulations on that!!! If you put half the effort into your engagement/marriage as you do trading, your going to live a fantastic and happy life.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 26, 2007Hey Karmo, where have you been? I hope everything's going good for you. This thread has become incredibly boring without you and the other teachers posting regularly.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 26, 2007Hi Iggy, first and foremost, Good luck with your trading career! Secondly, I would like to give you some information that has helped me incredibly. First, here in the beginner's section, go to the "sticky" threads listed at the top of the forum and ...
Another Newbie Joining Up
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mike w replied Nov 26, 2007I also think that this hours bar close will close as a bearish engulfment pattern, which only justifies my thoughts on the price's movement even more. This is also coupled with the fact that the last bar closed as a bearish bar indicating that price ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 26, 2007I am going to post what I am looking at in terms of charts and my reasoning for thinking that when it breaks out of this consolidation phase that it will break to the downside. Based on the one hour charts we are right in between support and ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 25, 2007If the hourly bar closes as is, I think this will be the top for now. We could look to see 223.40 and then from there see if we can't break the support. If we do, my overall target is 220's to 219. If this closes as a pin, it will have closed with ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 25, 2007I posted an incredibly small lot on the Eur/Chf at 1.6389 just in case it doesn't retrace back downwards first. If it does, then I will add the rest of the position in at the better price. If not, I will simply buy on every dip that comes about ...
MW's trading journal
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mike w replied Nov 25, 2007I've posted a few trades tonight, which were on the eur/usd and the usd/chf. My reasoning is scattered throughout the past few posts. My entries were 1.4822 and 1.1057 respectively. I am waiting to get in on the Eur/chf position on a retracement ...
MW's trading journal
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mike w replied Nov 25, 2007Hey Tiger Hunter. Sure thing and glad I could help.
MW's trading journal
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mike w replied Nov 25, 2007I'm thinking for the Aussie to move upwards. I'll post my reasoning in a bit after I deal with the gaps.
Aussie Pairs
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mike w replied Nov 25, 2007Agreed, as well as Zoran. Does anyone have those nice over the weekend rates at the moment? I have a feeling there will be some kind of a gap to play out this week as their will undoubtedly have been last minute buyers on friday based on the pin ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 25, 2007I may be willing to add the Eur/Jpy to the long list of tradable pairs this week. We have a pinnish bar on the daily, which is coupled with that fact that it is coming off of support. This tells me that we have a solid opportunity for at least 100 ...
MW's trading journal
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mike w replied Nov 25, 2007Could you imagine being a part of that 50,000 pip move? I'd be done for the year. And maybe next. and then another after that.
Funny / Scary forex Quotes ..on market closed.
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mike w replied Nov 25, 2007I plan on trading the gaps for today and then get into the real trading after that once I see any real setups to start our shorts and longs on the pairs you mentioned. I am still thinking that 224 could possibly be the top for the Gbp/Jpy, but I ...
MW's trading journal
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mike w replied Nov 24, 2007I agree with you that usd/jpy has to come down more for the gbp/jpy to drop to our targets as well. The bar before friday is pinnish, yes, but it's an inside bar as well. Now that it's over, I look at it as not even really being there. I agree that ...
MW's trading journal
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mike w replied Nov 24, 2007hahaha, very true, very true. I agree on that. I'm looking over a few charts now and am noticing that there is, more or less a pin, on th Usd/Jpy daily. This is countertrend and I wouldn't take this trade. My reasoning for not taking this as a trade ...
MW's trading journal
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mike w replied Nov 24, 2007Your right on that, I HAVE to be profitable or else bye bye to school and back to normal jobs. That puts a stress on the learning curve I deal with. It's all good though, because it's better than breaking my back doing something else. I don't really ...
MW's trading journal
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mike w replied Nov 24, 2007Right now, the only job that I am holding is trading- other than a few that aren't consistent such as mechanical work for friends and stuff like that. It's putting me through college at the moment and I plan on keeping it as a career throughout my ...
MW's trading journal