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

  • #3,041
  • Aug 1, 2007 11:21pm Aug 1, 2007 11:21pm
Quoting Piece Of The Pie
Is anyone having trouble logging into Oanda right now? I can't get in.

P.O.P.
I can't too.
  • #3,042
  • Aug 1, 2007 11:23pm Aug 1, 2007 11:23pm
Quoting magiclino
Common guys. When you get back into the thread after a break, please read thru the posts that were placed while you were gone. Some of the questions may have been answered there. Let's not clutter up this thread by repeating question over and over again. Sorry, but sometimes we have to be blunt.

I know there were at least 2 posts answering what a pin bar formation is.


Hey, please don't punish us anymore than we have to with reading through all the posts. Why not be nice and give a simple answer.

(I found this elsewhere easier than reading through all of the past post on this thread)

Here's a chart from a James 16 chart thread giving a pattern of three pin bars with explanation:

http://www.forexfactory.com/attachme...1&d=1119155795


Anytime the open is at or very near the close on a bar (pin bar) or candlestick chart (dogi). The James 16 chart thread requires that the open and close be within 3 pips.

Here's another way of looking at it.. found this at another site. I am more familiar with japanese candlestick charts.

Think of a doji candlestick only in a bar. So a nice long bar with the open and close very close together. The place is more significant than the actual placement of the open/close. Imagine an uptrend and the last and highest bar opens and closes near the low of the bar....kind of like giving someone the finger It just sticks out and gives a good probality the trend will change.

http://www.forexfactory.com/attachme...1&d=1138679873
Attached Images
  • #3,043
  • Aug 1, 2007 11:25pm Aug 1, 2007 11:25pm
Every time frame lining up quite bearishly, I think we have lots of room to come down here...
  • #3,044
  • Aug 1, 2007 11:26pm Aug 1, 2007 11:26pm
Quoting Piece Of The Pie
Is anyone having trouble logging into Oanda right now? I can't get in.

P.O.P.
Yes. And could not get any support from them....
  • #3,045
  • Aug 1, 2007 11:28pm Aug 1, 2007 11:28pm
Gahh posting in this and G/J daily thread because I can't tell where the main group is now lol....

Anyone shorting is this 240-241 range or are people going long.. what are you all doing?
Craazy
  • #3,046
  • Aug 1, 2007 11:29pm Aug 1, 2007 11:29pm
I just got off the phone with Customer Service at Oanda. They are having problems with their server. If you call customer Service, they will honor a closing price at the time of your call and refund your money if it closes out at a worse position once you get online again.

Cust Service is 1 416 593 9436
  • #3,047
  • Aug 1, 2007 11:35pm Aug 1, 2007 11:35pm
missed that retrace
  • #3,048
  • Aug 1, 2007 11:38pm Aug 1, 2007 11:38pm
Quoting markam
missed that retrace
Bounced off the 15min central pivot.
  • #3,049
  • Aug 1, 2007 11:42pm Aug 1, 2007 11:42pm
that would have been one sweet retrace if you stayed with it.

Anybody catch it?
  • #3,050
  • Aug 1, 2007 11:44pm Aug 1, 2007 11:44pm
i think it will retest 240.20
  • #3,051
  • Aug 1, 2007 11:44pm Aug 1, 2007 11:44pm
I had to put in a little short order, just in case whoever it is that is playing with the market wants to do that again.
  • #3,052
  • Aug 1, 2007 11:50pm Aug 1, 2007 11:50pm
I guess they do.
  • #3,053
  • Aug 1, 2007 11:50pm Aug 1, 2007 11:50pm
it may broke it this time
  • #3,054
  • Aug 2, 2007 12:00am Aug 2, 2007 12:00am
Quoting craazy
Gahh posting in this and G/J daily thread because I can't tell where the main group is now lol....

Anyone shorting is this 240-241 range or are people going long.. what are you all doing?
I took it short at 240.97. Could have exited at 240.20 but I'll stay with it. I'm wondering why now with the retracement all the way back to the entry.

I saw the doji with the long upper shadow (candlestick) on the 4HR chart at 241.30 (00:00 GMT) and ignored the obvious. That was a classic signal of a reversal but often ignored in the heat of the movement. Slowly learning and even slower at pulling the trigger.

Dr. D.
  • #3,055
  • Aug 2, 2007 12:21am Aug 2, 2007 12:21am
Quoting fourxtrader
I took it short at 240.97. Could have exited at 240.20 but I'll stay with it. I'm wondering why now with the retracement all the way back to the entry.

I saw the doji with the long upper shadow (candlestick) on the 4HR chart at 241.30 (00:00 GMT) and ignored the obvious. That was a classic signal of a reversal but often ignored in the heat of the movement. Slowly learning and even slower at pulling the trigger.

Dr. D.
And then do you exited or hold ?
  • #3,056
  • Aug 2, 2007 12:23am Aug 2, 2007 12:23am
I'm sorry guys, but I have to throw my hat in with Angler.
This thread is more about the Blind Leading the Blind or even worse, the Blind being Led by a Wolf.
I would suggest you simply do this.

Read ALL Posts to this thread that were posted by Forum Members that joined before January this year. {or even July}

Form Your Own Opinions and the make a Rational Descision. {sounds like Trading}

I have followed this thread, and even posted to it, but have actually found little value in it.

So... there you go.... slam me for slamming the thread or get real 'cause, if you ain't Demo, This is the Real World.
  • #3,057
  • Aug 2, 2007 12:27am Aug 2, 2007 12:27am
Quoting fourxtrader
I took it short at 240.97. Could have exited at 240.20 but I'll stay with it. I'm wondering why now with the retracement all the way back to the entry.

I saw the doji with the long upper shadow (candlestick) on the 4HR chart at 241.30 (00:00 GMT) and ignored the obvious. That was a classic signal of a reversal but often ignored in the heat of the movement. Slowly learning and even slower at pulling the trigger.

Dr. D.
Sounds interesting. I just now grabbed a short @ 241.22. Hope to close it for a profit in about 15 minutes.
  • #3,058
  • Aug 2, 2007 12:33am Aug 2, 2007 12:33am
This thread should be removed. People are just waiting for someone's trading call. So stupid. Why can't they make their own decisions about their own money.
  • #3,059
  • Edited 12:53am Aug 2, 2007 12:34am | Edited 12:53am
Quoting Bemac
I'm sorry guys, but I have to throw my hat in with Angler.
This thread is more about the Blind Leading the Blind or even worse, the Blind being Led by a Wolf.
I would suggest you simply do this.

Read ALL Posts to this thread that were posted by Forum Members that joined before January this year. {or even July}

Form Your Own Opinions and the make a Rational Descision. {sounds like Trading}

I have followed this thread, and even posted to it, but have actually found little value in it.

So... there you go.... slam me for slamming the thread or get real 'cause, if you ain't Demo, This is the Real World.
"ERASED THIS SECTION"

It is very troublesome that there were those who blew out so much of their accounts.

I would just pick up where you left off before this signal fiasco, and spend time reading, reading, and charting, and asking questions, not asking for signals.

I spent over 1 year (over 7,000 hours) reading every post in the entire Forex Factory, and it was those thousands of hours reading, and duplicating, and asking, and trial and error that taught me the basics of FOREX.

I want to thank everyone who has contributed their analysis on this thread and the other threads also.

Lets make the best out of these small drawbacks, and press forward in becoming better traders.


Cheers to all, and Good Trading!

Ken
  • #3,060
  • Aug 2, 2007 12:34am Aug 2, 2007 12:34am
Quoting Bemac
I'm sorry guys, but I have to throw my hat in with Angler.
This thread is more about the Blind Leading the Blind or even worse, the Blind being Led by a Wolf.
I would suggest you simply do this.

Read ALL Posts to this thread that were posted by Forum Members that joined before January this year. {or even July}

Form Your Own Opinions and the make a Rational Descision. {sounds like Trading}

I have followed this thread, and even posted to it, but have actually found little value in it.

So... there you go.... slam me for slamming the thread or get real 'cause, if you ain't Demo, This is the Real World.
Reminds me of what my parents used to say about rock and roll during the Sixties . . . http://www.forexfactory.com/images/icons/icon6.gif
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