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- MarkH replied Aug 23, 2011
Goodnight boys, it's getting around bedtime in these parts. I will see you all tomorrow... No trades on for tonight.
Daily GBP/JPY analysis
- MarkH replied Aug 22, 2011
It is looking more and more like a good short, but soon as I say that, it'll rocket skyward. I'm with you guys.....
Daily GBP/JPY analysis
- MarkH replied Aug 22, 2011
Still no trades but Bollinger Bands are tightening and we have not broken through 50% Fibo retracement.
Daily GBP/JPY analysis
- MarkH replied Aug 21, 2011
Still moving sideways, but has now broken out of the 4hr. channel. We're making progress, but it's slow going..... However, notice that lows are making are making higher highs into a ascending flag formation.
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Good week, nice profits. Took a little hit yesterday, first time I've had a loss in while. Like another poster put it, "you can't be 100% (right all of the time). It's not going to happen." This just proves it...he's right! Looking forward to next ...
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Sure Highintensit. There is no stop to take out the trades. It was a gut feel that the pair had not executed a distinct direction, more of a ping-pong effect. My gut told me to get out because there is no clear direction. I might add that I was in ...
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Sure! As an update, I placed a couple of trades last night and have just now closed them with a small loss, $260.00. I think it's too early to get into any positions right now as there literally is no trending direction but sideways.
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Hello Highintensit, I don't use stops, but that's my personal approach. I would encourage everybody to use stops all of the time. Placing them is up to each one to determine how much you are willing to lose. And to MPT's point, the Martingale ...
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Post Your Account "Daily Confirmations" — I would like to see anyone who wishes, post your daily confirmation of trades or your trade history. This will help me to see your trade patterns and your pattern of scaling into positions if ...
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Amu123, It is my pleasure, my passion is trading and I enjoy helping others succeed. Also, please feel free to call me Mark....
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
I think you've got the right idea. However, look for the confirmation of the "Big Picture" on the four hour movement. The 4Hr. really tells the tale of direction. I've always read that the "rule" is; You need one closed candle after the initial ...
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Hello Yanz, Anwser to Q1. Yes, the semafor's help me identify tops and bottoms. Yes, I too get repainting, however, once the direction is determined, the semafor is only a guide. Answer to Q2. Yes, I was waiting for a breakout either way. Again, ...
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Hello nikim, To remove subjectivity we have to have the identical indicators. Google "Shi Channel". You will see it is an indicator that is available for free. I am not a liberty to share as the owner asks not to post it on forums. Also, Google "3 ...
Daily GBP/JPY analysis
- MarkH replied Aug 18, 2011
RSI = 14 Bollinger Bands; Period = 20 Shift = 0 Deviations = 2 Let's rock this!
Daily GBP/JPY analysis