Discussion in 'Forex Trading' started by Marsupilami, Oct 4, 2006.
Do it ! No fear !
Short GBP/CHF @ 2.3560
Short EUR/NOK @ 8.4100
If these trades work out, I'm gonna buy myself a new pair of shoes !
ouch....the EUR/NOK is ultra - thin, hihi, but anyways, I'm still in.
Yawn...closed all positions for a loss. What a fool I am.
Do you not think now may be a good time to get short on GBP/CHF? I think it's correcting an uptrend right now, and I'm looking for a target around 2.3330...this little run-up it's had looks like a prime spot to get short. What do you think?
Hm...why not ? I'm short, too. But this time, on my demo account again. This time probably it'll work out .
I realise that trading the way I trade won't lead anywhere... maybe I should get some proper trading lessons in the UK...
What was the way that you were trading, and why won't it work?
The technique I have been using lately is combining trendlines with EMAs...when a suport or resistance level is broken and a 52 EMA is crossed at (nearly) the same time, I would enter the trade... using this strategy on the Nikkei 225 (SGX), I've had some nice returns for some time and then gave it all back...probably too simplistic, my method. I think I was fooled by randomness... Right now, I am playing around with Gartley patterns and looking to trade on higher time frames of 1 h and upwards...we'll see. The Nikkei is nice though, when it trends, it trends. The GBP/CHF also trends very well, as you have probably noticed...very dangerous thing to look for tops and bottoms in this cross, hihi.
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