Forex Trading Strategies

[forexgreenland]

Quote from Smurfie:

Hey Forexgreenland

All trends from the monthly to the 5m timeframe are down. Why do you see an up-gap coming?

In other words, on what do you base your decision?

Cheers,

Smurf

Hi Smurf, the up gap is not really the issue here..Price pleased us with some lyrical

teasers.
We jus chilling.. when we popped the cable glass ceiling..like an epiphany..me and

traderji..
I based my decision due to the ''market tells''..shown on those charts..mon ami..Like I said

earlier, price was at its BUY WINDOW...MACD showing bullish divergence,123 pattern,etc..As

you go along, you'll see why I based my decision on a long call, instead of a short..


[QUOTE=jeff15]In the name of the lord most merciful,
Nice thread forexgreenland. Week begins with the pound 13 percent drop against the dollar

and 8 percentagainst the euro . British banks are shrinking foreign borrowings .A weaker

currency is being recommended.[/QUOTE]

Maybe, jeff15...maybe..

[QUOTE=betard 75367]Bearish gap, filled and bounced off your entry point (resistance area).

Looked like a good place to short rather than long but i was sleeping. If there had been a

bullish gap then that looked like a good long trade though (bounce off support). Look

forward to hearing more.[/QUOTE]

Yes, betard, I like that word ..''bounced off entry point''..like bouncy balls..At that

particular time, it looked good to short..and we got stopped out twice..

In retrospect, that might not really look like a good place to short, except for the

SCALPERS..Like Ninjas,they move in stealth, with each breath..never make their presence

felt..Price on the GBPUSD opened this Monday morning @ 1.4671..made a low of 1.4656..just 15

pips..removing 5 to 6 pip spread reduces it further..Though there was not a bullish gap in

the early hours of this morning, but a bearish gap on the open, it was just the precursor of

good times in the bullish sides..

http://i72.servimg.com/u/f72/11/82/15/01/trader10.gif">http://i72.servimg.com/u/f72/11/82/15/01/trader10.gif" />


[QUOTE=Anonymous;86746]Wow nice call today! I must be honest after been stop out twice the

third time I was not very condident with the trade and took+ 20 pips, if I had wait I should

grabe +200pips.... thx Stalion [/QUOTE]

http://i72.servimg.com/u/f72/11/82/15/01/trader11.gif">http://i72.servimg.com/u/f72/11/82/15/01/trader11.gif" />

It was like 382 pips,mon ami...close to $400 minilot..$4000 standard lot on monday..But we

got stopped out twice at 65 pips each...making a total loss of 130 pips..Subtract that from

382 pips, we get net profit of 252 pips(excluding pip spread /or charges.)..But remember, we

lost twice before we can arrive at our net profit..Such is life...If Thomas Edison can fail

a thousand times before dicovering the icandescent lamp, why are we traders soo skeptical to

losses.. Every single trade does not have to be a masterpiece..


[QUOTE=delvia_saputri;905683]forexgreenland, I will be here with you to check the

daily analysis and strategic tips of forex.. i hope you post such this info continuously ...

I will learn more and more..
Thanks forexgreenland[/QUOTE]


No probs, delv..We all learn and earn more and more...

http://i72.servimg.com/u/f72/11/82/15/01/trader12.gif">http://i72.servimg.com/u/f72/11/82/15/01/trader12.gif" />


[QUOTE=technamental;000002]So.. where are these other guys you are talking to?

Just google ''forexgreenland''