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profxtrader replied May 27, 2010Post a statement! I"m serious I'll show you mine if you show me yours. NOW is the time to make people shut up if you've got the statement to prove it! Somehow though, I doubt we'll see anything. If he's got the statement it shouldn't take him long ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 26, 2010Here's the latest trade. It's a simple break and retest on the EURGBP. The first chart is on the 4 hour, but I've also posted a 15 minute chart to better illustrate the retest. image image
Backing Trades Thru Charts
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profxtrader replied May 26, 2010Well my anger management classes must be paying off.
Cable Update (GBPUSD)
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profxtrader replied May 26, 2010130.48 here Scrat. You know what they say about great minds? They say: This isn't the F#$#ing bottom! Or something like that

Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 26, 2010I've been holding the most recent batch of GY and GU shorts since the 20th. I'm going to need one of those "hold onto your ass" kind of moves to keep me in them.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 26, 2010Well aren't we a demanding little one? I'm sure he'll get right on it for you master!
Cable Update (GBPUSD)
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profxtrader replied May 26, 2010I have to keep quoting this stuff. It's classic and I don't want you to edit it in the near future when the opposite of what you say happens. Like yesterday, I loaded up a new short and you told me that my first short was gonna be -100 pips when it ...
EURUSD
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profxtrader replied May 26, 2010That didn't take them long... they're gonna default as they have in the past. This isn't their first bailout you know? Right now it seems like the market wants to believe that all of this is gonna work out, but the truth will be spelled out in the ...
EURUSD
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profxtrader replied May 26, 2010He means that a classical H/S formation is significant at a market top as it signals a reversal. This is an H/S at a bottom. If you inverted the chart you'd have an inverted H/S at a top. Still not the correct interpretation. And remember... Google ...
EURUSD
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profxtrader replied May 26, 2010Sorry guys, I don't have much to post as of late. Still in most of my shorts as I play the longer TF's. Not much new to report other than sloppy price action on a lot of the pairs I trade. I've got my finger on the trigger to close it all out soon, ...
Backing Trades Thru Charts
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profxtrader replied May 26, 2010I'd just like to note a discrepancy in your chart. The portion that you have mentioned as "bulls comfirm" is an upthrust through resistance and closed near it's open well off it's highs, which is a stop running move and a sign of weakness.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 26, 2010I would hope so. Otherwise you think you know it all and those kinds of people are always going to fail. Take everything in, you can agree or disagree, but consider everything. Trading as life is one big learning experience. Once you stop learning, ...
EURUSD
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profxtrader replied May 26, 2010Get Bulkowski’s Encyclopedia of Chart Patterns ( I think it's in it's second edition). It's a great book and many many chart patterns, their failure rates, etc are all explained in great detail. From that let me just say that a classical H&S is a ...
EURUSD
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profxtrader replied May 26, 2010Well me too. I forgot what thread I was posting in though. EURUSD has had a clear direction today. Hopefully no bounce, but continuation.
EURUSD
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profxtrader replied May 26, 2010iCustom is simply a function that calls a custom indicator(eg one that is not a part of the basic Metatrader install). The rest I don't understand at all.
Cable Update (GBPUSD)
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profxtrader replied May 26, 2010My question to you is... what direction would it bounce? There is usually a bit of direction before any of these bounces ever played out. None of that today.
EURUSD
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profxtrader replied May 26, 2010It's a battle for direction. You're not missing anything.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 26, 2010There were actually similar studies done. I forget where I read this, but even kids could look at a chart and see which direction price was headed. Upper left to lower right... down. Lower left to upper right... up. EDIT.. ok, now the DOW is headed ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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profxtrader replied May 26, 2010How about this... any idea why you decided to go long? A sad face and a question mark shouldn't follow any trade idea IMO.
EURUSD