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libb replied Nov 13, 2008Probably a good call Tori. The first bounce off 6340 was a pretty good trade. But it just seems to be ranging now.
No Brainer Trades
- libb replied Nov 13, 2008
Tori, do you find the major S&R lines by sticking to the hourly charts?
No Brainer Trades
- libb replied Nov 13, 2008
I noticed that level too. Looks good to me but I'm not sure how violent of a break out it will be.
No Brainer Trades
- libb replied Nov 13, 2008
I'll take all the advice I can get from someone who does this for a living and actually walks the walk! I read from your post a few above that you aim for 1:2 risk/reward correct? Do you find the most success trading S&R levels?
No Brainer Trades
- libb replied Nov 13, 2008
Good posts GW...just curious, do you trade for a living?
No Brainer Trades
- libb replied Nov 13, 2008
I'll chime and say you might want to start off live with other pairs, GJ is one volatile pair.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- libb replied Nov 11, 2008
Looks like an inside bar is about to form on 1hr EDIT, or not
Auslanco - GBP/JPY and GBP/USD (newstrade)
- libb replied Nov 11, 2008
Maybe you could close half of your lot to retain some profits?
No Brainer Trades
- libb replied Nov 11, 2008
I'm confused why the price went back up above 152.00 after it finally broke through. In the next few hours we're still predicting bearish market?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- libb replied Nov 11, 2008
yeah what's up with it. You guys still think it will tank?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- libb replied Nov 11, 2008
What are you aiming for? 150.85-150.25?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- libb replied Nov 11, 2008
Just seemed like a good probability it would continue to head down after it breaks a level its tested 3 times
Auslanco - GBP/JPY and GBP/USD (newstrade)
- libb replied Nov 11, 2008
haha you guys are
Good idea to add another lot when it breaks 152.00?Auslanco - GBP/JPY and GBP/USD (newstrade)