wasp

Its been an, err, interesting week so far... Certainly a lot more trades than usual and the winners definitely are not beating the losers to the extent I like -30 +100 +30 -20 -10 +115 +101 -50 -40 +49 -60 +44 +42 -28 Still, +243 at the moment...

Dumped at 70 for -28 Short at 212.70

Hmmmm, guess that level wasn't as important after all!!!

For once, I am unsure and cconfused! 50/50 at the moment and whilst I am unsure, I am staying long for now!!

Be ready to adapt and update at any given time.... 212.85 is now an important level/price and thus a new line is drawn!

Out at 213 for +42 Long at 212.98

Hell, I can't drink or trade! Yes, Myrtle, I am always in... why not!!?

240m S and R is paramount and true!

Thanks chaps, now just need one green dot to become #1 over there!!! EDIT: make that 2... damn you firewalker!

Mornin' all, Took it at 213.06 for +44. I actually reversed and went long at 213.10 but I was half asleep and couldn't be arsed to post, sorry! Taken that for +20 Now short at 213.42

Nope, whenever I think I am getting a better price it always carries on going the other way so I just stick to what the new 240 min candle says!

Nah, I just have my laptop glued to me during the week so on it quick smart!

Yeah, yeah! :rofl: It's alright, firewalker does it all the time!

Stopped out for -60 Short 213.50

Yep, thought it would continue but I would miss many other good trades had I not stuck to it so c'est la vie till the next candle.............

moved my stop to B/E as I am very dubious and sceptical right now! EDIT: closed for +49 as technically, I should! Short 212.95 I know this is going to keep going up but have to stick with the plan and reverse on the next candle if need be.

I also think, since the credit crunch/housing collapse is mainly UK/US, the bank guys have been trading dollar crosses more so. Not sure what gammajammer would think?

Not sure NFP and the rates play that much part in a non US related market (I am not a fan of anything US related and their egos hence trading this pair!) and I think its more down to the time of year and caution by banks as they are all losing money! Which makes me smile regardless!! But, yes.... It certainly dulls the edge that's for sure

Bleedin' ell, just noticed that! I'm not even going to try over here!

Wouldn't it be a shame Firewalker, if all the T2W members suddenly repped me over on T2W and put me at the No1 place. I'm only one green dot behind you!!! (hint, hint, nudge, nudge, wink, wink, know what I mean!)

Its the damn credit crunch that's done it. That and summer. Look at the dailies for the first half of the year and the average daily candle was in the region of 150. For the last month its been about 50 :\

Just some direction with strength would be nice!

Cheers Myrtle, these conditions suck ay! I am only trading GBPJPY at the moment, trying to concentrate the capital into the 'biggest' moving market! Except at the moment, in comparison, its the smallest! As for indicators, we are using them, S and R! _____________________________________________________________ I liked this post I made somewhere else.............

Staying long myself, the resistance met can be seen on a 15 minute chart quite clearly but I am sticking with the larger view and think we will be heading up again personally.

I am getting a bit fed up with this to be honest. My stops and risk is based on the statistics of this market moving 200 points on average in a good move, and stops at 60 are justified. At the moment the profits are hardly any better than the stops and whilst it spikes about and takes 3 hours to move 50 pips, it just doesn't warrant my methods. The reward just isn't justifying the risk. Its either a case of waiting for better times, or reducing the stops. Have to think about this....!