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

  • #3,421
  • Aug 3, 2007 10:40am Aug 3, 2007 10:40am
I hope the dow is just waiting around 13450 so guppy can go up and fill all you guys short orders at 241.85...then they'll both go down, down, down!
  • #3,422
  • Aug 3, 2007 10:40am Aug 3, 2007 10:40am
Quoting AndyPass
Plus you get to the stage when you enter early too often and if you're rigid with your stop losses they get his earlier as a consequence. Then you analysis a bit further and think, if I'd waited 15 mins and entered 25 pips higher, my SL would've also been higher and I would've been ok. It also helps you reach your target price quicker.

And if your entry order doesn't get filled and the price moves the way you expected, don't be too dispondent - at least your analysis was correct and is working.
Like I said I can see the bigger picture, but I have real problems at entry points, because like K said I want that every thing to happen as fast as possible anyway I'll figure this out in time...
Does any of you, time their entry with Stochastics and Momentum, that also seems to help they are very well corelated?
I see it on this pair so often but still I can't master it
  • #3,423
  • Aug 3, 2007 10:40am Aug 3, 2007 10:40am
Quoting Poocher
Water House Capital has a metatrader platform and live Dow.

http://www.metaquotes.net/files/whc/whc4setup.exe ---Direct link to demo download
What is the symbol of Dow in that platform.. DJI or Dow dosent featyre in their list of Indices.. I searched but they only have Nikkei and Ftse it seems..

Is it YM? Mini Dow?
  • #3,424
  • Aug 3, 2007 10:41am Aug 3, 2007 10:41am
Quoting Poocher
Well said.
I get in too early a lot and feel terrible if I don't get in and the price goes that way.
Yup getting in to early has it's drawbacks indeed. That is when you start sweating bullets and wonder if you should close so it can really make you angry and go you way because you closed to soon. OR leave it on the table and go nuts wondering if you did the right trade..lol
  • #3,425
  • Aug 3, 2007 10:45am Aug 3, 2007 10:45am
This downtrend is strong, anyone shorted yet? It might start falling in 15 mins... maybe
Trade what you see, not what you think.
  • #3,426
  • Aug 3, 2007 10:45am Aug 3, 2007 10:45am
Quoting Poocher
Well said.
I get in too early a lot and feel terrible if I don't get in and the price goes that way.
We all learn the hard way and it can be an expensive education but once you get to grips with a pair and can choose decent entry and exit points then you'll gain more confidence and make more and more right decisions.
  • #3,427
  • Aug 3, 2007 10:45am Aug 3, 2007 10:45am
Quoting Orient_mist
What is the symbol of Dow in that platform.. DJI or Dow dosent featyre in their list of Indices.. I searched but they only have Nikkei and Ftse it seems..
Its there. Under "Indices Top" as Ym.

Be sure you see everthing available (markets - they have hundreds of futures and stocks) by right clicking the top of the Market Watch panel and left clicking "show all". Great platform and great executing broker. Demo doesn't expire either.
  • #3,428
  • Aug 3, 2007 10:46am Aug 3, 2007 10:46am
Quoting Ash
I've had an account with e-trade for several years. I get real time qoutes. Open up an account, if you want to fund it, it's up to you.

Thanks to Ash and Poocher. Had to run out for a bit there so I just saw your replies.
  • #3,429
  • Aug 3, 2007 10:48am Aug 3, 2007 10:48am
Quoting Poocher
Its there. Under "Indices Top" as Ym.

Be sure you see everthing available (markets - they have hundreds of futures and stocks) by right clicking the top of the Market Watch panel and left clicking "show all". Great platform and great executing broker. Demo doesn't expire either.
Great.. thanks a ton!
  • #3,430
  • Aug 3, 2007 10:49am Aug 3, 2007 10:49am
Quoting kevinsw
Yup getting in to early has it's drawbacks indeed. That is when you start sweating bullets and wonder if you should close so it can really make you angry and go you way because you closed to soon. OR leave it on the table and go nuts wondering if you did the right trade..lol
Sweating bullets and going nuts I'm good at!
  • #3,431
  • Aug 3, 2007 10:49am Aug 3, 2007 10:49am
Quoting karmostaji
This downtrend is strong, anyone shorted yet? It might start falling in 15 mins... maybe
Closed mine and cleared/ocked in some pips at the "old" 1 HR trendline.... maybe a bit prematurely. But waiting for a clear break of that to get back in.
  • #3,432
  • Aug 3, 2007 10:49am Aug 3, 2007 10:49am
Quoting karmostaji
This downtrend is strong, anyone shorted yet? It might start falling in 15 mins... maybe
short@ 241.91 and 241.68
  • #3,433
  • Aug 3, 2007 10:49am Aug 3, 2007 10:49am
Quoting karmostaji
This downtrend is strong, anyone shorted yet? It might start falling in 15 mins... maybe
My entry order's just been filled at 24185. However, I'm keeping my fingers crossed that the 1hr candle remains below the last one - if it doesn't, I might call it a night.
  • #3,434
  • Aug 3, 2007 10:50am Aug 3, 2007 10:50am
I shorted again @ 241.84

I use 1% of my account per trade, so please do not over-leverage your positions and please study the chart yourself and know why are you entering the trade, don't follow blindly
Trade what you see, not what you think.
  • #3,435
  • Aug 3, 2007 10:51am Aug 3, 2007 10:51am
Quoting AndyPass
We all learn the hard way and it can be an expensive education but once you get to grips with a pair and can choose decent entry and exit points then you'll gain more confidence and make more and more right decisions.
It helps to hear people talk about being there...cuz I'm not!
  • #3,436
  • Aug 3, 2007 10:51am Aug 3, 2007 10:51am
Price picked up my Short order at 241.80. I'm not following you blindly, K. This was actually my own analysis. Your analysis did help confirm what I was already seeing. Thanks. Down, Baby, down.

M2B
  • #3,437
  • Aug 3, 2007 10:51am Aug 3, 2007 10:51am
Quoting karmostaji
This downtrend is strong, anyone shorted yet? It might start falling in 15 mins... maybe
Okay a question just for the record: What happens if it goes like 5 pips above the 5SMA? (1hr chart) will it "Normally" reverse? Probably a guess I might say.
  • #3,438
  • Aug 3, 2007 10:55am Aug 3, 2007 10:55am
Quoting kevinsw
Okay a question just for the record: What happens if it goes like 5 pips above the 5SMA? (1hr chart) will it "Normally" reverse? Probably a guess I might say.
That happened and it may happen anytime, it's normal.. sometimes price even retraced to the 4H 5SMA before heading back towards the trend direction. I watch price action and use my fibo's/TL's to help me but like 'A' the 1H 5SMA is the most common one and important one

I set my TP, SL, and sing LOL till it reaches my TP (it may take sometimes a day or two)
Trade what you see, not what you think.
  • #3,439
  • Aug 3, 2007 10:56am Aug 3, 2007 10:56am
The dow is still on a general upswing, so I don't expect fireworks yet.
  • #3,440
  • Aug 3, 2007 10:56am Aug 3, 2007 10:56am
I'm rather new with this pair...as I write this the g/j ask is at 241.88. Where do you see this closing at the end of business today? Thanks...will it gap on Sun. open?
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