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- Bloom replied Apr 28, 2009
Shame FXPro includes a Sunday bar, which is pretty useless as it is only 2 hours. WHC is a happy medium. Candle closes at 11pm UK. I find ODL MAs are a bit off.
- Bloom replied Apr 24, 2009
I was drawing my trendline through the close price rather than the wicks. If I use the wicks I get a similar trendline level to you. So do you use the low/highs or the closes for your trendlines? Thanks
- Bloom replied Apr 24, 2009
Haven't checked other posts yet but my thoughts are in bold. AUDJPY: BUEB bouncing off support and TL BUT in 20-50 trap and nicely held down by 20. Looks like a re-test of 73.50. I'm getting my ATM card out! Broke below trendline, below daily 20, ...
- Bloom replied Apr 23, 2009
Thanks Blackeagle for those potential setups. One question. You have MAs on the USDJPY and USDCHF charts but none on the GBPAUD chart. Any reason for this, or was it just for clarity?
- Bloom replied Apr 20, 2009
Should I be excited? — Not ideal as its against the trend but it seems to suggest a pullback. Oh, I like the colours, by the way.
- Bloom replied Apr 17, 2009
Strat I've noticed you mention a 150 MA on occasions. Do you use this on all charts or only were it is useful (GBPUSD)?
- Bloom replied Apr 17, 2009
Taking a step back, if you're 75% sure its going to go and hit your SL, that means you have only 25% belief that your trade is going to go your way. Now, if you hadn't the trade open would you take it with a 25% chance that it will work - NO!! Easy ...
- Bloom replied Apr 17, 2009
From a document on my PC. The Hanging Man is a bearish reversal pattern that can also mark a top or resistance level. Forming after an advance, a Hanging Man signals that selling pressure is starting to increase. The low of the long lower shadow ...
- Bloom replied Apr 16, 2009
Message received, loud and clear!! What I meant was when I see a setup, I want to hit it with my designated % per trade. Sometimes, through lack of confidence, I enter a trade with 1/2 stake. It goes well. Next one, same thing. Then when I go to my ...
- Bloom replied Apr 15, 2009
Martini time
- Bloom replied Apr 15, 2009
Yes, I have acquired patience. Now I need to know when to take profits appropriately, and when I see a setup to really hit it. I've seen quite a few setups and go without me. Took that NZDJPY setup last week (shame about the hols or it might have ...
- Bloom replied Apr 15, 2009
As tempting as it is to just bung one on I think we should wait for clear PA for our entry on the daily chart. If we start looking intra day then we'll be back to the stress of 15 minute charts. If the daily entry doesn't appear then so be it. ...
- Bloom replied Apr 14, 2009
Make that two. Cruised through to the semis!!
- Bloom replied Apr 10, 2009
Account Size — Baba, I saw that someone had mentioned an account size of minimum of $250k to trade for a living. What do you reckon. I can get nowhere that size. Is there any hope on smaller account sizes for professional trading? Bearing in ...
- Bloom replied Apr 10, 2009
I played the break out on GBPJPY at 142, it moved well but had I waited for the break, then the retrace I could have gotten in at a better price, with a tighter SL. I think I'll wait on CAD.
- Bloom replied Apr 9, 2009
USDCAD — Also look at the way EURAUD has moved. The MAs in USDCAD are in a similar setup to it 2-3 weeks ago and the charts not unlike it either. Could make a move through the weekly 20 to the weekly 50. That'd be nice pips. I'll wait for ...
- Bloom replied Apr 9, 2009
Baba G - update — I'm trying to play this as a pure Daily trade i.e. make my next decision based on today's complete candle. Admittedly I've had a quick look. Still holding. Tight targets set initially and if they get hit so be it. I'll adjust ...
- Bloom replied Apr 9, 2009
I know that feeling!! Anyway, seems I've picked up something here as my analysis from last night has taken me into longs on NZDJPY and NZDUSD. Similar setups so reduced stakes on both. With holidays also I'll be taking profits quick and leaving a ...
- Bloom replied Apr 8, 2009
Holiday trading — Strat What are your thoughts on looking for positions coming into bank holidays etc? Or weekends come to think of it? Or is it a case of price action and volume regardless?
- Bloom replied Apr 8, 2009
Thats an inverted hammer, when the tail pokes out the top after a down move. Can't comment on the context of EURGBP as I'm cooking the dinner!!