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

Quoting Se[V]eN

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[left]of course im at my own...im not a good chartist that why im looking
for a clue...

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Quoting Ash

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When I went down, I was buying / selling micro lots ($10.00). That is how I got it back up to $2100.00. I just got too relaxed and next thing you know, the Yen bit me big time. I shut off my computer this morning. Didn't want to do anything, then I said to myself "I've been through so much, am I going to quit now?". I was at $27.?? at that time, now I am back over $32.00. Yeah, I know it's peanuts compared to others but hey, learn from your mistakes, never give up and and follow the trend. I don't trade on the news but that is what I did yesterday and that was the start of my downfall yesterday.

“barn’s burnt down… now I can see the moon.” - Masahide

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Quoting kreeper_6

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The bounce off of this trend line seems to suggest a further downside. what about the news?

http://imageshack.us%5D%5BIMG%5Dhttp...G%5D%5B/URL%5D

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Quoting Big Bruv

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I have trade rules which is written down on a poster size paper. I do not do anything until i read it in my rules....
...I also have the things i should not be doing ..written in my rules...so for excample...i do not trade CHF....so in my rules if i see a good CHF opportunity...i have to instanly switch off my computer...

...i tell u what...i works for me....baby...

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Quoting karmostaji

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Ofcourse everything is possible, that is why you should learn and trade by your own, I'm just human

1h candle closed above 61.8% fibo, the 100% and 38.2% (251-237.5) both lie at 242.70 area, so i expect a test of 242.7

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Quoting trader8686

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This time I think we are going down, but will we bounce off at 38.2 or not?

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Quoting emda

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hello... wow.. I slept for 12 hours !! I needed...

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Quoting emda

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auslanco is not here yet? I'm worried.

I was thinking of the mistake we had... and reading auslanco's last message.. I realized that...
"Ok guys.. I'm off for the day.. Dont let any unwanted intruders ruin your day"

means.. "Ok guys.. I closed my positions... Close your positions or set stoploss at least to breakeven..."

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Quoting Se[V]eN

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its may looking to turm down..about the bounces who knows?...

guess the best is to wait till 1hour candle close...if it really gonna down...we still have alot of room...we never late at this level

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Quoting smjones

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Please stop posting oversized images. They mess up the screen display.

The largest allowed are 600 X 600

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Quoting Se[V]eN

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i will take position if i see any spike down...but just follow me...

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Quoting trader8686

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Right, I was very nervous, so can't calculate the fib to find out 242.70? Did you figured it out? I still have the long position, but it is going down.

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Quoting karmostaji

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Ofcourse everything is possible, that is why you should learn and trade by your own, I'm just human

1h candle closed above 61.8% fibo, the 100% and 38.2% (251-237.5) both lie at 242.70 area, so i expect a test of 242.7

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Quoting digitizer123

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So don't even ask, Are you sure it is going to go down/up?" If anyone was sure - they would not be in this thread and have bigger portfolio than Warren Buffet.

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Quoting ovidiu

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I've read on babypics like you told me about fibo and they say that for a down moevement you should place your zero level at a swing high, but if you have your 61,8% fibo at 240.8* area like I presume it to be it means you have taken the swing low for you zero level, and yes on my char too I have the zero level and 38.2% (251.2-237.5), but I want to understand about fibo and the way you should plot them. Doesnt it matters how you place your zero level and 100%?

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Quoting Big Bruv

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I concur...baby...but not in so many words.....

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Quoting digitizer123

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This thread is a way to exchange knowledge, learn from each other, and possibly confirm your own judgement. This should not be about trading signal that you blindly follow. No one here knows everything - and I mean no one including Auslanco - the thread starter. Point is - we can all learn from each other and minimize the mistakes and maximize the probability of success. Notice I said probability - very important to take a moment and suck it in. Probability is not a definite thing. So don't even ask, Are you sure it is going to go down/up?" If anyone was sure - they would not be in this thread and have bigger portfolio than Warren Buffet. The point is no one is sure. So never rely totally on someone else' openion. This thread also gives us a chance to take a poll - to see how many people feel the way I do - how many think it will go up? and how many think it will go down. If the numbers are overwhelmingly on one side we can make that trade with a little more confidence - still no definite but atleast a little more confidence. But this beautiful tool is wasted when people like "Markam" start to bash others and call names - just because their openion is different. One or two bad apple is all it takes to ruin a good environment.

Please learn to tollerate others openion - that's what it is all about - thread and forum. If you shut people out just cause their view differs from yours the whole purpose of this forum is wasted. Additionally it should be clear that those who respond aggresively to others openion if it differs from their own are simply scared and not comfortable with their own decision.

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