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

  • #3,981
  • Aug 6, 2007 9:00am Aug 6, 2007 9:00am
hmm damn the dow recover.. :surprised
  • #3,982
  • Aug 6, 2007 9:01am Aug 6, 2007 9:01am
Quoting fourxtrader
Markam,

Glad to see you bring the fundamental perspective to this forum.

Yea, if only the dow could be used as a leading indicator, the forex market would be simple. Unfortunately, currencies seem to react instantly to stock market conditions.
  • #3,983
  • Aug 6, 2007 9:02am Aug 6, 2007 9:02am
Quoting egutie6970
hmm damn the dow recover.. :surprised

i shorted at 239. nw it's moving up... my SL at 239.5... oh no....
  • #3,984
  • Aug 6, 2007 9:04am Aug 6, 2007 9:04am
Quoting Holypendant
i shorted at 239. nw it's moving up... my SL at 239.5... oh no....
move it 25 pips up. you should be quite safe.
  • #3,985
  • Aug 6, 2007 9:04am Aug 6, 2007 9:04am
Quoting Holypendant
i shorted at 239. nw it's moving up... my SL at 239.5... oh no....
I would set it higher, at least 239.7 or so.
  • #3,986
  • Aug 6, 2007 9:05am Aug 6, 2007 9:05am
looks like we are going to be on the dow roller coaster until the market decides it needs to crash.
  • #3,987
  • Aug 6, 2007 9:06am Aug 6, 2007 9:06am
Quoting markam
looks like we are going to be on the dow roller coaster until the market decides it needs to crash.

crash-crash-crash
  • #3,988
  • Aug 6, 2007 9:07am Aug 6, 2007 9:07am
Maybe we'll have some kind of retracement till 240 and then go back for 200-300 pips.How do you think,m'i right?
  • #3,989
  • Edited 9:12am Aug 6, 2007 9:08am | Edited 9:12am
Quoting markam
Big drop in the dow will be a good day for us shorts

Ohhh . . are you short now????? Weren't you trying to sell us something about The DOW dropping makes the G/J drop and the fancy charts have no value???????

What is your deal man, It is one thing to have your own openion but you are always trying to confuse others like you are so sure of it - and then when you are proven wrong you post 200 PIP profit and claim you switched sides. You really should be calling the signal cause somehow the G/J changes direction with your wish...... ??????

Go back and read his posts??? always going back and forth - with the market but only after the fact.
  • #3,990
  • Aug 6, 2007 9:09am Aug 6, 2007 9:09am
Quoting I.Y.I
Maybe we'll have some kind of retracement till 240 and then go back for 200-300 pips.How do you think,m'i right?
u maybe rite but i wish u were wrong... I'M SHORT! lol
  • #3,991
  • Aug 6, 2007 9:09am Aug 6, 2007 9:09am
Quoting karmostaji
Each person has his own preference, if I was going to bed I would just put the tp 236.00 and go sleep lol, but that's just me
Is this your way of saying "suck it up man" and go for the gold?

I will leave my S/L at -240.29 got in at 239.29 and a T/P 237.86 (not sure why I chose that number I guess greed kills me?)

Hmmm... I will go to bed and lock in some profit when I wake up and set a new T/P mark.

I know...I know..sweet dreams..lol... don't sweat a load and such...just be pacient and believe...lol

Good night all, see you in about 7 hours.
  • #3,992
  • Aug 6, 2007 9:21am Aug 6, 2007 9:21am
For all the newbies:

Guys this is a pair which you should trade with adequate stop loss and target minimum 100 pips from every trade. If you try to worry about every single retracement .. you will give up forex soon. it's exhausting to watch out for every single movement on this pair.GBP/JPY can swing 50 pips even if the Japaneese Prime minister Farts. So forget about small retracements and have adequate stop loss like 100 pips and TP target minimum 100 pips and just let it ride by it self. If you adopt a good MM strategy you have nothing to worry.
If you know you are on the right side of the trade.. just leave the computer and watch TV or something.. this will wipe off few wrinkles on your face too.
  • #3,993
  • Aug 6, 2007 9:29am Aug 6, 2007 9:29am
Quoting auslanco
For all the newbies:

.. this will wipe off few wrinkles on your face too.
I need that.
  • #3,994
  • Aug 6, 2007 9:29am Aug 6, 2007 9:29am
Quoting I.Y.I
Thank u verry much Aus for your co-operation!I made them as you told me but if u can see on the VT-trader its called "Quantitative Qualitative Estimation" not "Quantitative Qualitative Indicator",but its the same,so this is no problem right?

Yehh.. it the same.. it was my mistake . It's actually QQE
  • #3,995
  • Aug 6, 2007 9:34am Aug 6, 2007 9:34am
Quoting Holypendant
u maybe rite but i wish u were wrong... I'M SHORT! lol

Remember, Karm gave his SL at 241.40.... that's 180 pts breathing room with targets at +200 and +360.

looking at some fibs since 7/20, even a SL back to ~243.10 is just above a ~38.2% drawback. Not saying that is prudent but always keeping the account risk w/in 1-2% allows us comfortable trading limits.

Let that help you adjust your parameters.
  • #3,996
  • Aug 6, 2007 9:37am Aug 6, 2007 9:37am
And Aus what is the difference between 5SMA and Gann Hilo Activator?
  • #3,997
  • Aug 6, 2007 9:42am Aug 6, 2007 9:42am
Quoting I.Y.I
And Aus what is the difference between 5SMA and Gann Hilo Activator?
Wow,, this is something you have to figure out yourself.. Just try both the indicators on your charts, play around with it and find out whats the difference. This is the best way to learn and this is how all of us learnt
  • #3,998
  • Aug 6, 2007 9:42am Aug 6, 2007 9:42am
i follow.... enter the position... hopefully it would give me ++pips...
  • #3,999
  • Aug 6, 2007 9:48am Aug 6, 2007 9:48am
Quoting auslanco
For all the newbies:

Guys this is a pair which you should trade with adequate stop loss and target minimum 100 pips from every trade. If you try to worry about every single retracement .. you will give up forex soon. it's exhausting to watch out for every single movement on this pair.GBP/JPY can swing 50 pips even if the Japaneese Prime minister Farts. So forget about small retracements and have adequate stop loss like 100 pips and TP target minimum 100 pips and just let it ride by it self. If you adopt a good MM strategy you have nothing to worry.
If you know you are on the right side of the trade.. just leave the computer and watch TV or something.. this will wipe off few wrinkles on your face too.
This is absolutely right, I went away for 30 minutes and just came to see the trade is coming our way .
less stress more pips.
  • #4,000
  • Aug 6, 2007 9:49am Aug 6, 2007 9:49am
Quoting auslanco
Wow,, this is something you have to figure out yourself.. Just try both the indicators on your charts, play around with it and find out whats the difference. This is the best way to learn and this is how all of us learnt

Thank u! And by the way what is your TP and SL for today?
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