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

  • #1,621
  • Jul 31, 2007 4:23am Jul 31, 2007 4:23am
Quoting Timingy
How does one stick to a trade till TP isrealized. I 'm sitting on an edge here thinking if I should bail out with what I have so far.....
that's the hardest part of trading
at least for me
just... have the target before entering any order... and don't put a greedy target.
any positive pips is ok.
  • #1,622
  • Jul 31, 2007 4:23am Jul 31, 2007 4:23am
A nice set of post since last night...

Asulanco could you please post your 1H chart with strenght indicator in it, I am still trying to figure out which one to use Absolute strenght like Glenn or QQE, and I want to see which one resembles more to your strenght ind...;
And also Glenn you you could post yours will be wonderfull...
Thanks
Attached Image (click to enlarge)
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  • #1,623
  • Jul 31, 2007 4:27am Jul 31, 2007 4:27am
Quoting auslanco
This will go all the way to daily 5 SMA 243.20
auslanco,
Should we t/p at 243.20 and out ?or Can we keep on riding it to 244-245?
  • #1,624
  • Jul 31, 2007 4:29am Jul 31, 2007 4:29am
Quoting Holypendant
added another long 1 lot at 242.27.

This is why you should always try to enter your positions as closer to 5 SMA... of 1hr... which is the true price.. You should always avoid buying at top of a long spike because most of the time the next bar is a retracement bar after a breakout like we saw just now.
  • #1,625
  • Jul 31, 2007 4:31am Jul 31, 2007 4:31am
Quoting trader8686
auslanco,
Should we t/p at 243.20 and out ?or Can we keep on riding it to 244-245?
Its retracing - till where?
  • #1,626
  • Jul 31, 2007 4:32am Jul 31, 2007 4:32am
1 hr chart
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  • #1,627
  • Jul 31, 2007 4:33am Jul 31, 2007 4:33am
Quoting Timingy
Its retracing - till where?
Its retracing - till 243.2
  • #1,628
  • Jul 31, 2007 4:35am Jul 31, 2007 4:35am
Quoting auslanco
This is why you should always try to enetr your positiins as closer to 5 SMA... of 1hr... which is true price.. You should always avoid buying at top of a long spikes because most of the time the next bar is a retracement bar after a breakout like we saw just now.

i'm not using any indicator. i'm looking at price action. was surprise it go up so fast den suddenly drop nw. nw was -47 pips... hoping to c some action n will shoot up sumore. i din apply any SL
  • #1,629
  • Jul 31, 2007 4:35am Jul 31, 2007 4:35am
Quoting trader8686
auslanco,
Should we t/p at 243.20 and out ?or Can we keep on riding it to 244-245?
You can unload 75% of your positions at 243.20.. and let the other 25% run as far as it takes... When the price moved to 242.58... the daily didnt even move towrds up.... so thats a sign of a very strong daily bearish momentum.
  • #1,630
  • Jul 31, 2007 4:38am Jul 31, 2007 4:38am
Quoting auslanco
You can unload 75% of your positions at 243.20.. and let the other 25% run far as it takes... When the price moved to 242.58... the daily didnt even move towrds up.... so thats a sign of a very strong daily bearish momentum.
bearish momentum? plz explain
  • #1,631
  • Jul 31, 2007 4:39am Jul 31, 2007 4:39am
Quoting auslanco
You can unload 75% of your positions at 243.20.. and let the other 25% run far as it takes... When the price moved to 242.58... the daily didnt even move towrds up.... so thats a sign of a very strong daily bearish momentum.
could that mean we are going to be in a ranging day?
  • #1,632
  • Jul 31, 2007 4:40am Jul 31, 2007 4:40am
Quoting auslanco
You can unload 75% of your positions at 243.20.. and let the other 25% run far as it takes... When the price moved to 242.58... the daily didnt even move towrds up.... so thats a sign of a very strong daily bearish momentum.

But yest candle was a reversal. quite long shadow. so i tot it will be starting of bullish again...
  • #1,633
  • Jul 31, 2007 4:42am Jul 31, 2007 4:42am
You guys are on steriods, just chill and watch the price action

some of you would make great commentators too, let's keep that to a minimum too please
Trade what you see, not what you think.
  • #1,634
  • Jul 31, 2007 4:44am Jul 31, 2007 4:44am
the commentators help me keep calm
  • #1,635
  • Jul 31, 2007 4:45am Jul 31, 2007 4:45am
Quoting PipJunkie
bearish momentum? plz explain

On daily charts... and the momentum for the day also very bearish.. thats why we see downward spikes..
  • #1,636
  • Jul 31, 2007 4:46am Jul 31, 2007 4:46am
Hi Auslanco

If the next 1hr candle momentum indicator pointing south, we may have a retracement to 1hr SMA (240.70)??

Thanks
  • #1,637
  • Jul 31, 2007 4:46am Jul 31, 2007 4:46am
Quoting PipJunkie
the commentators help me keep calm
you should learn how to control your emotions, psychology is a big part of the game my friend
Trade what you see, not what you think.
  • #1,638
  • Jul 31, 2007 4:46am Jul 31, 2007 4:46am
Quoting Holypendant
But yest candle was a reversal. quite long shadow. so i tot it will be starting of bullish again...
Where is yest candle you talk about?
  • #1,639
  • Jul 31, 2007 4:47am Jul 31, 2007 4:47am
Quoting auslanco
On daily charts... and the momentum for the day also very bearish.. thats why we see downward spikes..
ok i see ty
  • #1,640
  • Jul 31, 2007 4:47am Jul 31, 2007 4:47am
Quoting Holypendant
But yest candle was a reversal. quite long shadow. so i tot it will be starting of bullish again...

If check your 1hr candle it didt have a upward wick... sure sign of a retracement.
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