QUOTE(billytong @ Jan 26 2008, 08:26 AM)
Whipsaws only hurt you when u trade larger % positions than your account (hence over leveraging). For your information, weeks ago I closed my 4377 short for profit that was opened back in December. I allow that short go negative -550pips to 492x then let EU come back down to let me close it for some profit. I have no reason to take loss if I know the range of EU.
I taken profit on my euro short, about 40+pips. (couldnt remember the exact number)
Now I will be looking for a caution long @ Monday if the market fundamentals are not going to change & a euro short on top after the rally.
Ps: Any long above 1.4600 must be taken very caution. As for euro short, unless the ECB stop being hawkish, otherwise the EU gonna keep pointing north.No short in my mind until >475x. But I am pretty sure EU will come back down to 1.43 in the future.
For GU, you only can play short(swing basics) if you want to play long, I prefer you play EU or something else like AU, NZD.
xxx/jpy pairs, look at all the stocks, if the global stock up, xxx/jpy pairs will generally go up. Pay more attention on Dow Jones, FTSE.
ic... d whipsaw meanin in my dictionary is a trade that i enter too early where d chart pattern wasnt fully form yet...
btw, thanks for ur info ab pairs.. im slowly catchin up n watch more pairs.. startin wit GU now expandin to EU then AU n GJ
QUOTE(normeck @ Jan 26 2008, 08:35 AM)

manage to get $10 in one day...now im trading in new method...did someone know how bot trade?..hehehhe!!..my friends says im trading like a robot....kekekke!!

bro... if u were tryin new method, i think its better u do some trial n error 1st... jus my 2 cents..

edited:
GU has BO from downtrend n show 3 drive to a bottom... hopefully there r throwbacks, so i can get a nice price

from yesterday bar pattern n volume it does show that it shud got throwbacks..
btw, it is forecasted there shud got 1 buyin opportunity around 6 february2008... but i dunno how strong this 1 will b...
This post has been edited by low yat 82: Jan 26 2008, 11:48 AM