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ovaforty replied Mar 13, 2008This thread has enabled me to put all the pieces together into a cohesive pattern from 4 years of chart study and developing a trading system. I am thankful to Auslanco for this thread. I have incorporated the 5 sma channel and moms into my ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008You will be happy when you see your monthly statement.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008If you post your chart with what you see...... We will tell you what we see.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008I think all newbies in the first year of trading should reduce their lot size substantially. For example, if all you have to trade is one lot, and you use all of it for one position, you are at great risk. Forex is all about pips, not dollars. For ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008I'm with you Q. I keep seeing lower lows being made on the daily chart. I would love it to retrace up a lot. But I see too much downside risk for now. Look for rejections, get confirmation, then short it for a long ride. Any short in the 205/204 ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008that is me and quecee selling rejections
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008the hourly chart showed retrace before the news was out.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008Please dont bash on this thread.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008This beast will hurt you if you use poor money management and chase the market. We all paid our dues during the learning curve. Keep studying your charts. You can do it.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008I booked my short when new hourly candle shows me a retrace is coming. Standing aside for now. I dont care what she does now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008i just booked half profits at the 4 hour 5sma low and my stop loss is +1 pip
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008that is old news. Tell us something we dont know.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008I booked my long when the 4 hour 5 sma got hit and rejected. I sold it when the price crossed the 5 sma close/open. I am short from 204.71
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008i am selling into all rallies upon rejection
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008longs from the bottom are looking good now. This bashing needs to stop. Those of you that are bears, need to understand that we are not stupid. Of course we see 199/175 in the charts. But we also see retracements to exploit in the meantime. It was a ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008I am not thinking about buying at all. I keep selling into the retraces for now
Auslanco - GBP/JPY and GBP/USD (newstrade)
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ovaforty replied Mar 13, 2008I am still standing aside enjoying this
Auslanco - GBP/JPY and GBP/USD (newstrade)