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Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #781
  • Jul 30, 2007 2:53am Jul 30, 2007 2:53am
NS-Karthik my chart shows resistence @241.09 and i know that yours are accurate ...how do you get these
  • #782
  • Jul 30, 2007 2:53am Jul 30, 2007 2:53am
did Auslaco say when he would be back
  • #783
  • Jul 30, 2007 2:54am Jul 30, 2007 2:54am
Thats the last time I question my own trade and follow someone elses signals!!! I lost 188pips. I would have made money had I just stayed with my long position. I was long at 240.20 and got out and went short at 239.62. what a bad day. It cost me alot of money to reinforce the fact I should be following my own signals and strategies and stop second guessing myself. I am new (case you didn't get that already). That was my 2nd and 3rd trade ever. aaaarrrrgggghh!
Scott
  • #784
  • Jul 30, 2007 2:56am Jul 30, 2007 2:56am
Quoting jigracing
Thats the last time I question my own trade and follow someone elses signals!!! I lost 188pips. I would have made money had I just stayed with my long position. I was long at 240.20 and got out and went short at 239.62. what a bad day. It cost me alot of money to reinforce the fact I should be following my own signals and strategies and stop second guessing myself. I am new (case you didn't get that already). That was my 2nd and 3rd trade ever. aaaarrrrgggghh!
well... always take other people's signals with a grain of salt.
  • #785
  • Jul 30, 2007 2:57am Jul 30, 2007 2:57am
Quoting TacitTrader
i'm thinking 241.30 is next. 50 fib. and 241.70 is pivot on my chart.
I reversed and entered a [email protected] with a TP at 241.6. Didn't like that SL being triggered. We're stalling at 241.30 but hopefully will make it thru.
  • #786
  • Jul 30, 2007 2:57am Jul 30, 2007 2:57am
Quoting Timingy
I reversed and entered a [email protected] with a TP at 241.6. Didn't like that SL being triggered. We're stalling at 241.30 but hopefully will make it thru.
SL at entry 241.00
  • #787
  • Jul 30, 2007 2:58am Jul 30, 2007 2:58am
Well i run murray- maths and on my 4hr the next level is 242.19..and thats level 4/8....which I would look at as a exit..

  • #788
  • Jul 30, 2007 2:59am Jul 30, 2007 2:59am
Quoting jigracing
Thats the last time I question my own trade and follow someone elses signals!!! I lost 188pips. I would have made money had I just stayed with my long position. I was long at 240.20 and got out and went short at 239.62. what a bad day. It cost me alot of money to reinforce the fact I should be following my own signals and strategies and stop second guessing myself. I am new (case you didn't get that already). That was my 2nd and 3rd trade ever. aaaarrrrgggghh!
thats ok...it takes practice to actually learn from someone without letting yourself be confused....i for one have a diffrent method but im here to understand Aus's and see how i can apply it to mine....whenever i start second guessing myself because of the diffrent calls and signals i get from diffrent people...i get out of the room and smoke a cigarette...
"it doesn't come any sharper than this!"
  • #789
  • Jul 30, 2007 3:00am Jul 30, 2007 3:00am
Cable is retracing to fib 0.382 @ 2.0317 possible next fib 0.50 @ 2.0361 on 4HR taking GJ with it. Cable is better at FIBS. Hence uptrend for now. MAYBE?

Trade carefully..

Good Luck!
  • #790
  • Jul 30, 2007 3:00am Jul 30, 2007 3:00am
Quoting glenn5t
Well i run murray- maths and on my 4hr the next level is 242.19..and thats level 4/8....which I would look at as a exit..

Once we break the 241.30 level I'll adjust TP to 242.19 and then hopefully get past the pivot points and adjust the SL to Pivot.
  • #791
  • Jul 30, 2007 3:00am Jul 30, 2007 3:00am
DJIA Futures up 68 points

US stock market rally more than likely today. No news to pull it down.

Yen crosses will go up on rally.
  • #792
  • Jul 30, 2007 3:00am Jul 30, 2007 3:00am
Hi guys

1hr momentum indicator is pointing south now..
  • #793
  • Jul 30, 2007 3:01am Jul 30, 2007 3:01am
sideus,
i get my price levels using fibs and murray maths....and i suggest everyone to learn on their own rather than blindly follow someone....
  • #794
  • Jul 30, 2007 3:02am Jul 30, 2007 3:02am
Quoting TSK
Hi guys

1hr momentum indicator is pointing south now..
Yes, I see it, too.
  • #795
  • Jul 30, 2007 3:02am Jul 30, 2007 3:02am
Momentum on the hourlies is starting to point downwards - so we might be turning around here!
  • #796
  • Jul 30, 2007 3:03am Jul 30, 2007 3:03am
The 38.2 fibo only managed to hold the market for an 11 min, 40 pip pull back before the upward pull of cable pulled GBPJPY through that fibo and on to the 50% at 241.32, which looks very unlikely to hold, opening the way for the rally to continue on to the 61.8 fibo at 242.03.....watch the action of cable and USDJPY to see if they continue to support this rally
Trading Levels with WRBs
  • #797
  • Jul 30, 2007 3:05am Jul 30, 2007 3:05am
wow...SL shattered.. Sorry guys. there is a short term trend reversal
Attached Image
  • #798
  • Jul 30, 2007 3:05am Jul 30, 2007 3:05am
see the price stopped near 241.46....right where i told it would....
  • #799
  • Jul 30, 2007 3:06am Jul 30, 2007 3:06am
NS is that why you posted them for a short while on your blogg so everyone could not blindly follow yours
  • #800
  • Jul 30, 2007 3:07am Jul 30, 2007 3:07am
Quoting auslanco
wow...SL shattered.. Sorry guys. there is a short term trend reversal
Yes - was an upset. But I managed to recoup half the loss riding the beast upwards to 241.33. Am now short from 241.28 with an SL at entry.
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