wasp

Just like to see a break and bounce off 191.80 to have a bit more faith in the long... A break of 191.30..... not good

Oh yes I know, go quite a few Canadian friends but the US government/economy seems to just lead all other countries yet they can't lead themselves! At least we have an ocean between us and them!

Not sure why any government would want to emulate the USA but we are just as guilty... sad really...........

To show my ignorance here... Do you have a stock exchange? If not, why not?!

Not exactly moving in our direction is it........ Sod all buyers yet not many sellers either... Looks like everyone made their money and we'll probably have spikes for the rest of the week now in a 50 pip range!

Long GJ @ 191.50

Well it just goes to show ay, if you keep going long enough, the big moves counter the small ones and come the end of the year, it always averages out nicely.... Of course its not always easy to not think about your account balance / pip count till the year end but still, nie to ee the life come back into the markets.

Out @ 191 for +340... Got to go out so hopefully back for the long!

Nice one cowpip... I'm with you albeit slightly late....... I managed to oversleep and only the dustman got me up in time! I need to work out how to best alarm myself to setups as trading of the sub 1 hour means sods law lets me always sleep through the optimum entries......! I'm short from 194.40 Should have taken that long yesterday I said about too! damnit!

I'm no fan of fundamentals as, whilst I agree with you, who knows what those with money are really thinking. See, with a chart, you can say, statistically, support breaking then price failing to re-breach it means it will then go down further, simple as... but, and this is why I don't use it, as gammajammer once posted on T2W, just because (for example), NFP comes in higher than last month, the figure alone is so inconsequential as there are a hundred factors and hundred other roll on effects that the bank guys could be thinking something entirely different overall... Just to unpredictable. Forget the gap... it means NOTHING. Whoever said 'all gaps must be filled' is taking the piss... All gaps WILL be filled, eventually, of course they will but to factor the gap into a trade other than S/R en-route is as mad as those with 4 indicators on a chart! IMO of course! That's my thinking... Right here, right now.... S/R and trends, same old, same old... Always governs it and whether volatile or dead, the only thing that changes is the end of week pip count.... The reasons always stay the same..... I am sitting aside personally till I get a S/R and trnedline break and confirmation as its all too hectic for my liking right now... wait for the dust to settle. I would go long into the rest of this move till the down turn normally off this hourly candle as it is sat on S/R but going to wait.... As firewalker keeps reminding me, 'flat, is a position'!

My fault sorry, should have posted in here! Done and reply coming separate.

Yep, largest I've seen too! I have a live account with Alpari for trying things out on and secondary charts with no downtime and they offer dow jones newswire for free. I don't generally pay that much attention to the news though (over than a general overview - Alistair Dariling last weekend, Fannie and Freddie this weekend et...) They are pretty good though... Fast with figures and announcements and overall news. You can open an account with Alpari with just a tenner, never trade but just their facilities as it were.

Bastards though... Could have waited for the open for us to join them!

oh my god! Not looked at any others but hows this for indicative opening prices on GBPJPY! (Source: Alpari / dow jones newswire)

........................................... Have a good one!

I took that last one because that one tested the lower support line whilst the rest were still sat up at resistance. I used the normal stops etc and I actually got stopped out and that is why I re-entered much lower. It was against my plan but I just went with my gut through experience and that made me get in. Ouch! Look at the S/R on my chart... the fact that it was only sitting under R and not near S should have made you see that only a short was valid and also, after a big movement like that you should expect some whippy moves, especially pre-NFP. That comes from experience and screen time though so will become more obvious the longer you trade. Thanks and don't try and copy me, find your own way... you know it makes sense! It turns out I trade very much like Wyckoff. I have never read anything (knowingly) by Wyckoff yet our styles are similar. Had I read Wyckoff and tried to copy him, I doubt I would be as succesful, its the trial and error that has got me where I am. I still have more studdy to do myself as I could have done better but don't despair, with enough time scrutinzing the market, you will get there. Have a good weekend!

....and out for +200... now I am happy with my 700 for the week

Nope, never tried it.... Would be interesting to see how much it may differ but it works as is so I hall be content personally!

Cheeky! Well I was going to skip today but after missing out on a 150 trade off the bottom of yesterdays drop, I took a sneaky long today to make up for it!

Not wrong there....... My style is so simple its shocking yet, I still spend as much time getting stressed out etc... Take this week.... Up until yesterday, I was ready to take the week off with all my good moves retracing 50% on me, the ranges being small and the moves too... I was beginning to think that times had changed as the last 2 weeks had been poor then bang, 600 pip drop... I have put in more hours than I care to remember and I still don't just login, do my thing and log out.... Keeping the faith is hard work through the tought times but then if it was that easy, it wouldn't be as lucrative. Sure, in theory, it should be simple as.... but times do change and you need to be constantly aware of that which is where the harder work comes in I think. It is hard to beat when you have it down but the long hours and homework oes get taxing but I wouldnt do anything else. Yes and no.... I love the challenge and I would never do another job for the money, anything I do in life is because I love it and my uni course into oceanography and marine biogeology next year is for a 'career' under the ocean, but not for money! Trading is a means to money but you do have to enjoy it... and for someone who trades 24/5, I just need a break personally... Taking over Warren's #1 slot may take a year or 2 longer than hoped!!

The S/R comes from the 24om charts. I then drop down to the 60m charts for the trendlines. The +++ are optional 'add to position' points for compounding. (points where price pulls back to S or R before continuation) HTH

FYI cowpip... just for you to look at and have a think how you can look at your trading and get some more definition in your plan.

Well bugger me! there ain't no stopping the FX markets today!

I just need a break I think as, without trying to sound too up my own arse, trading the way I do now, it doesn't require a great deal of thought and well, its a bit easy (as long as it moves...!)

Cool... they both look exactly the same to me!