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#Post#: 82--------------------------------------------------
Re: TA Forex Trading
DIR By: kermit42
Date: January 1, 2017, 4:14 pm
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Account: $60
Pair: GBD:USD
Goal: $63.00
I have been trading this pair for a couple months, generally
successfully. For the most part I have been shorting rallies and
expect to keeping doing that over the next few months, but I see
enough of a long signal on the daily and hourly that I will take
a long position with a tight stop. Below are the hourly and
daily charts showing why I think it’s good for at least
100 pips. If I can get half of that, I will be happy.
GBPUSD is in a bearish channel, which is why I've been shorting
rallies. But the turn up on the daily coupled with the bullish
bounce off the the tunnel on the hourly suggest this will go
higher before it goes lower again. My stop will be set below the
tunnel on the hourly.
#Post#: 83--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 1, 2017, 4:57 pm
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Hey gang, I'd like to announce that Kermit has accepted the role
of Global Moderator here on the Forum to help me out while I'm
away. Kermit and I go way back on IHUB...ten years now I think.
He has a great grasp of technicals and, like me, he's progressed
to a point where "less is more" on the charts rather than trying
to find the "next great indicator". I know he'll do a great job
here.
Welcome Kermit! And I'd like to add that the trading program
rules he has listed are definitely something that everyone can
benefit from. Discipline, patience, solid technicals, and the
ability to take losses are all part of trading if we want to be
successful at it. Thanks so much for your help here Kermit and
for your many years of charting and trading experience that you
bring here to us on the board. ;D
#Post#: 84--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 1, 2017, 4:59 pm
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--- Quote from: javalin link ---
>
> I'm ready for it -been watching and waiting--lol getting
better about waiting--bout time THIS OLD DOG LEARNED NEW TRICKs
>
--- End Quote ---
Yep, that's what it's all about Jav. No matter how much we
learn, there's always more we can grasp if we're open to it. Of
course, when you get as old as I am, sometimes I have to forget
one thing to make room to remember something else...LOL!
#Post#: 85--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 2, 2017, 1:40 pm
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When does the market reopen ?
#Post#: 86--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 2, 2017, 1:42 pm
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Should be today at 4 central I think Jav. Might be 6 central
though...cant remember for sure.
Sent from my LGL62VL using Tapatalk
#Post#: 87--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 2, 2017, 1:51 pm
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Tks just couldn't find info anyplace
#Post#: 88--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 2, 2017, 1:52 pm
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Oanda has their open listed at 1800 EST which would actually be
5 pm central time near as I can tell.
Sent from my LGL62VL using Tapatalk
#Post#: 89--------------------------------------------------
Re: TA Forex Trading
DIR By: kermit42
Date: January 2, 2017, 2:20 pm
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I expect them to open at the usual Sunday night time--6 PM EST,
I think. Jan 3 is a bank holiday in Japan so volume will be
light until the European open.
#Post#: 90--------------------------------------------------
Re: TA Forex Trading
DIR By: kermit42
Date: January 2, 2017, 5:40 pm
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GBPUSD opened with a gap down. Holding to see if it bounces back
up or keeps going down.
#Post#: 91--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 3, 2017, 12:36 am
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AUDJPY 1 HOUR-been really watching it
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