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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
or just drink rum and proselytize...
looking at euro/usd 1 hr..my last trade stopped progress at 55 away from the 'vegas tunnel'
144+169smas 1 hr chart and headed back to the tunnel..method common to floor traders to get quick scalps and lock the BE trade all day all night...
so euro/usd on way back north went thru tunnel to 89 pips north now..if u copy? @1.3217
this floor method also known as 'barroom floor' :) picking da scalp talks..
Asraf would know this method well, I believe...
daveo, i agree
As for the audusd what is "dead" is the H&S. The next challenge is testing for double top at 1.0182.
I lock in profit once a trade moves my direction and trail stops at logical levels. If an entry fails to move my direction almost immediately I'm out to reassess.
For the last coupla weeks into the new year prudent traders take a break or restrict their trading to scalps :-)
Finally Chloe, you would be wise to drop that word "definitely" from your trading dictionary :-)
yo confirmo
she can send a gold shipment to refine