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- Jhig replied Dec 16, 2008
Totally agree. I use to only trade g/j until I realized, it better for my to trade less expensive pairs, like most of the majors, than it is to trade a cross (especially a high spread cross). During which ... I seems to be more profitable trading ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Jhig replied Dec 16, 2008
4Hr Chart, new candle looks like a small retrace. But not completely sure yet.
EURUSD
- Jhig replied Dec 16, 2008
Don't know whats going on with the Yen. One of my favoriite pairs and it didn't take off. I was hoping to open a e/u and u/y positions at the same time but the Yen failed to move. Also it hinderd gbp/jpy to stall-out. I just knew that pair was going ...
EURUSD
- Jhig replied Dec 16, 2008
Same here ... went for quality pips. Sat back, waited for a strong direction, went in for the kill. Pulling up 113pips. At this time, waiting to just on a retracement or looking for P/A to touch 1.400.
EURUSD
- Jhig replied Dec 16, 2008
Looks like too many short coverings early. Bad news ... if market moves up they'll lose money fast. Good news is ... if market moves down, they'll get in early on the move. 1Hr chart showing potential downward move (over bought) so the shorts may be ...
EURUSD
- Jhig replied Dec 16, 2008
Since this news is a "make it or break it" deal, you might want to wait to trade after the numbers has released. Its best to analyze the out come, find the direction, come up with a decent entry/exit strategy, and then place the trade. Also, its ...
EURUSD
- Jhig replied Dec 16, 2008
Which is why it would be best to trade "after" the news released. I've always feared that would happen if I had an order open.
EURUSD
- Jhig replied Dec 16, 2008
Later Shadow. Me too. Lunch time in the US ... Markets usually stale around this time. Back at 1pm (est)
EURUSD
- Jhig replied Dec 16, 2008
Yeah, of course Shadow, Im playing it very safe this week. Too many un-knowns out in the market
EURUSD
- Jhig replied Dec 16, 2008
I have a feeling whether the Interest Rates news if good or bad ... I think the market will continue its up trend. At this time there is not enough momentum to move the market back to the USD favor. At the end of the session ... we might even see ...
EURUSD
- Jhig replied Dec 16, 2008
Nice lil run. Now if we can get another one ... is the big question?
EURUSD
- Jhig replied Dec 16, 2008
I agree with "SeaPip", Cut your losses NOW. Chauk it up as a learning experiece. At this time, no one knows where the market is heading. All the big news came out and didn't move eur/usd price action. Which usually means one thing (maybe two). 1) No ...
EURUSD
- Jhig replied Dec 15, 2008
Up trend momentum is strong. It will probobaly continue up until it hit the 1.39xx marker. Afterwich, who knows.
EURUSD