gbp/usd just broke resis. at 1.7429 buy.

[alanbeale2001]

buy.

 

[ChowClown]

Good call. Up for a few days now?

 

[ChowClown]

...BoE report spike south?

 

[FetteredChinos]

nice while it lasted....

 

[ChowClown]

lol - i was hoping the bullish wave count would come off, but not so sure now. Picture will be clearer later today i s'pose.

 

[bmittal]

lol

 

[bmittal]

Hi,

This just shows that traders can't really rely on one method to trade! IMHO, technicals and fundamentals, along with 'gut feeling', all have a part to play! What makes each trader different is the proportion of each three he/she uses in his/her trades. But in my POV, all three are important.

What does everyone else think?

Kind regards........

 

[FetteredChinos]

money management, and more accurately, risk management is the key to trading. a small helping of TA, FA and BA Baracus help tip things in favour of a particular trader, but it is the control of risk that brings success.


as for relying on one particular method, you can get away with this, if you trade the same setup on multiple timeframes and not just instruments..

eg, whilst breakouts may be struggling on a 240 min chart, they could be working well on a 15 min chart.

diversifying and trading without undue risks are the way forward..

 

[bmittal]

Agreed..... risk management is very important.... as mgamal will surely agree

 

[neil]

The "Oh Bugger " trade

buy.

OOPS ! - big down spike put that trade under water

Any ideas what caused the spike ( Note - price has climbed some way back to 1.7338 so far) :?:

As someone else said: if you use a bigger tme frame eg. 15 mins. then the spike is simply part of a consolidation. Different time frames call for different reactions albeit this example maybe highlights the wisdom of using two time frames? :|

 

[ChowClown]

...another trickle up. Greasepan will hopefully lube things up, later on.

 

[ChowClown]

neil, BoE report i think.

 

[neil]

Thanks

neil, BoE report i think.

Thanks - I should have kept an eye on the calendar

 

[FetteredChinos]

when's christmas this year?

 

[alliance]

when's christmas this year?

Unbelievable!!!! - the buggers have made it 25th December yet AGAIN!!!

 

[neil]

Thanks GJ

 

[Texas_Hedge]

buy.

Alan,

I would like to see you continue with your calls here. Don't be discouraged by a sharp market move against you...This is in no way a reflection on ones ability to call the market. A sure sign of a professional is perseverance. What I admired about your posting here, was you made no outrageous claims as do many who start to make live calls (if indeed they have the courage to make the calls live)

Keep going.....


Regards

Peter

 

[alanbeale2001]

Thankyou peter.

Alan,

I would like to see you continue with your calls here. Don't be discouraged by a sharp market move against you...This is in no way a reflection on ones ability to call the market. A sure sign of a professional is perseverance. What I admired about your posting here, was you made no outrageous claims as do many who start to make live calls (if indeed they have the courage to make the calls live)

Keep going.....


Regards

Peter

Thankyou peter.

I thought i got the s/r right but the boe news bit me.

Your advice is always welcome and i respect your posts.

That was my first live trade post.

I guess its just sods law.

Have managed my target of 25 pips per day for the last 2 months on balance.

Have been trading 4 main pairs off s/r levels aided by this superb site!

Thanks again peter i will be brave and post a couple more calls this week.

 

[Texas_Hedge]

Thankyou peter.

I thought i got the s/r right but the boe news bit me.

Your advice is always welcome and i respect your posts.

That was my first live trade post.

I guess its just sods law.

Have managed my target of 25 pips per day for the last 2 months on balance.

Have been trading 4 main pairs off s/r levels aided by this superb site!

Thanks again peter i will be brave and post a couple more calls this week.

I'll look forward to your posts....I'm glad you have not been put off.


Regards

Peter