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ovaforty replied Nov 26, 2008I see a good selling opportunity coming up after the upward moment fails, around 147.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
I see it. Price needs to go down to level that is cheap enough to attract buyers. i would like it as a buy around 1.40 if I can get my price.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
Even good traders go through bad periods in a market like we have here. There is so much craziness and adrenalin flowing, that you need a sedative to calm you down, hehehehe. Back off and rest your mind. Come back when you are rested and fresh.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
Trading indicators takes time and experience to correctly interpret.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
it is an excellent tool for a lot of traders.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
Remember, I am the old man of this forum....
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
This crazy market is incredibly lucrative, if you trade with caution. I am standing aside now because my monthly goal is more than doubled and I dont wanna risk a penny of it.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
This market has been wildly choppy. You have to play with patience and discipline. Do not micro-manage your positions. This will cause an overtrading situation, and excessive risk of loss. Let the positions flow with the market. Choose the top of ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
If you are still trading use discipline. Range Trade strategy is the way to go. Find the range on your chart, and sell where it got sold before, and buy where it was bought before. This strategy will continue until a breakout occurs. Consolidation ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
I have been researching "safe havens" recently. I monitored 12 pairs today looking for market reaction to what happened in India. My day was spent cooking pies and pinto beans for the feast tomorrow, and studying charts. No trading. Price is right ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
Sudden spikes on short time frames in low volumes with no follow through usually means a large stop got hit. Or a broker error.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
I see a retest of the bottom of the current range coming
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
Smart move. Take partial profit and set a stop loss to protect profit.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
patience + discipline = money
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 26, 2008
More money needs to be enticed into the market before the big fall
Auslanco - GBP/JPY and GBP/USD (newstrade)
- ovaforty replied Nov 25, 2008
Possible wave 4 down on my hourly chart zigzag indicator.
Auslanco - GBP/JPY and GBP/USD (newstrade)