Also, if we close below Fridays close, I will be shorting towards 93 on tomorrows market open or when ever it happens. This is fairly obvious plan though, no rocket science here.

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entry 9821, tp 9765. Now I really got to go. Have fun and good luck.

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Do you get nervous trading $100/pip with 50 K?

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Wow, that's heaps in my book. I only have 20k running and I trade $10/pip for every 20K or $1/pip for every 2k. This allows me to trade without stops most of the time or at least place stops above recent highs after a retrace up to minimise draw ...

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Hmmmm — Interesting that the 4hr 200 ema is lurking right around the 61.8retrace at 1.0080 or so. This would coincide with a daily trendline retest. If we get there I will be shorting harder, probably 2 lots..

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Just 1 lot. Just took out a mortgage so no so much money floating around right now.

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I'm just the son of a simple dairy farmer, what do I know

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It only strengthens my soft theory that the Forex is totally rigged as it is an inexaustible money machine. The powers at be have all the power and control information. They want us to buy in to news and gossip to distract us from the basic rules of ...

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No stop, I am very comfortable with my position. I will add in again at the 4 hr 200ema if it were to get there. We will definately get a reaction at that juncture, in which case I would close out both trades on the move back down to the 1 hr 200ema ...

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I agree and this is exactly why I do higher timeframe analysis, it keeps you out of the Bullshit rumour mill that goes around even more regularly now in todays times of debts and bail outs etc. I feel it would take a Herculean effort to reverse that ...

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It's hard bizz being active on the forum I have attached some trendline charts from weekly down to 4 hourly. I am thinking we may get a retet of the daily trendline which coincides with the weekly 55 ema. This is a long way off though and we are ...

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SHORT — Short off 1 hr 200ema

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If in a bullish frame of mind, I would wait for a pullback at least. I'm still in a bearish frame of mind

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If anyone was crazy enough to leave open any shorts over the weekend without breaking support. Tough lesson for some I guess

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I will try to later as working now but loosely based on Dean Saunders and Mark Walton's forex mentor pro. They don't tell you all their tricks but when combined with higher timeframe analysis, see my previous charts and posts, I look for logical ...

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That's a nice one, wish I was at my charts to analyse, working now ( or should be)

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Nice start, what was the gap up?

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If we are still below the 1 hr 200ema after Asia I might be looking to short.

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Sorry happy trader, I missed your post. To be honest, I just follow the pa of various sessions, ( for me, Asia is important as a counter trend session and look for 55 and 200emas to play off. Higher timeframe fib analysis and convergence finds are ...

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Probably, didn't know they were. We are also at decent pre GFC resistance, now support. Wont be at charts until after Asia before heading out again so can't really comment on levels and PA etc.

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