Good morning!
Time to add some longs 
Picked up a long on the spike down to 144.70 set TS closed at 45 pips.
Reset order to buy long agaion at 144.70.
Buy in the dips today and hold longs
scalp a few short if you adare but she should sail back up into 148ās today if all goes well.
I am only long now and have no shorts pending or holding.
I will be out for most of the day.
You should know what to do here
she is heading down for a few pips here buy in the dips long.
PP for week approaching 4000 counting last week Iām @ 6725
on the last run down. PP for the week 4199 PP= counting last week 7049
I will be loading up on some more longs down around 146.00,
maybe need to grab like 4 lots there for the multilot thing
holding 2 longs and 2 shorts now
PP for the week = 4374
PP from last week and this week = 7224!!!
She hasnāt showed much of her normal character today, unless something happens in afterhours trading.
Have a nice holiday time, enjoy your Thanksgiving evening with your families
She hasnāt got to the 150 level. Just wondering what can happen over the next 48hrs with this thin volume, she may jump up or have a nasty fall, I may close all trades whatever the the result is.
On the other hand I had a feeling itās gonna be relatively normal price action, as everybody has seen the financial sceletons, support in S&P500 and DJ has been tested and is holding on so far.
Slow start for me today, I didnt like the look of the charts earlier and i got stopped out twice for 2% each.
Just shorted from 147.15 closed at 146.50 so at least i got some back.
Set a small buy 1% at 146.50, looks to me like we might be turning, if not Iāll probably wait for the asian session before doing anything elseā¦
So far -35 pips for the day, but i canāt complain with 516 pips yesterday, and 1042 the day before.
Looks like i might be right about the turn, maybe we see 147.8 or 148 off this one.
just holding a few longs and will hold until they hit TPās or until they get up enough to add TS.
Hmm, consolidating 146.4 - 146.7?? I think iām going to go flat and wait for the market to decide which way its going to go
I note you use some form of moving average (which is quite close to the price action). Is it 21 period SMA ? I also noted some indicator QQAE - ?? I couldnāt find it on my metatrader platform. I hope you donāt consider me too nosy for asking that.
Regards
The line you see there is actually called the Gann. Gann is calculating an average of last 10 Highs and last 10 LOW on a daily candle. If the current close is greater then average, then Gann is plotting average of LOW, if the Close is lower then average, then Gann is plotting average of High.
Both the Gann and QQAE are custom indicators, of which I can not take credit for. If you want to learn about them, and how to use them, i would suggest you look at FF Auslanco threads, a pure genius trader
Auslanco System Indicators.zip (11.9 KB)
Cdawg, much appreciate your prompt reply. Luckily enough I have this weekend of so I will have a time to study it. FF you mean forex factory threads ?? Thatās the site Iāve found it. I havenāt seen any Auslanco threads on babypips site here.
Cheers:)
Adding shorts up here around 147.00/10
trying to make a few pips on the retrace down.
She sure looks like is going to tank here in thin trading.
Cdawg, much appreciate your prompt reply. Luckily enough I have this weekend of so I will have a time to study it. FF you mean forex factory threads ?? Thatās the site Iāve found it. I havenāt seen any Auslanco threads on babypips site here.
Only to glad to help. You wont find any of Auslancos post here on babypips as far as i know, unless hes under a different user name.
The other site is really where i have learned how to trade and picked up little tips and techniques along the way. BP is awesome to give you the basics and help your understanding of how the FX market works.
Volume is almost not existent now, she loves to do mad finish but donāt think it will happen in last 30 minutes. Maybe one lot to be added at 146.00 if she gets there, if not she may gap lower.Oveall that was pretty quiet holiday season, no major drama.
The liquidity is almost non existent right now so anything can happen but I think all players are now celebrating weekend/holiday season so itās unlikely. Iāve left long order at 146.00 if she will come and pick it. I doubt, maybe on Sunday when she may gap lower.
Markets (as opposed to India :() were pretty quiet over holiday period so I donāt expect any movement now.
Thank you very much Cdawg.
This site looks impressive in terms of content. I had a look there when I was starting my experience with Forex but got scared by amount of threads to go through and level of expertise so went to BP and stayed here for a while. I still have to develop my technique and psychology to stay above the water. So much to do. :eek: Besides I consider myself a beginner.
If you could share some recommendation as to which threads are particulary interesting I would be grateful. Obviously you have much more experience with this site.
Have a nice weekend !