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

  • #4,821
  • Aug 8, 2007 3:19am Aug 8, 2007 3:19am
Quoting emda
my entry is 240.88....
Yeh mine still from yesterday @ 239.37..
  • #4,822
  • Aug 8, 2007 3:20am Aug 8, 2007 3:20am
Quoting auslanco
I mine still from yesterday @ 239.37..
I don't know how you have the patience or the courage to hold on to a position for so long.. if I hold on to it for more than 5 minutes I start sweating lol.
  • #4,823
  • Aug 8, 2007 3:20am Aug 8, 2007 3:20am
Quoting Rustyyy
T/P at 241.30
You think this has another 100 pips left to go ?
I am thinking wait to after BOE statement.
Yehh.. another 100 pips to go..
  • #4,824
  • Aug 8, 2007 3:21am Aug 8, 2007 3:21am
Quoting auslanco
Yehh.. another 100 pips to go..
because 4 hr still hasn't crossed 50??
Trade what you see, not what you think.
  • #4,825
  • Aug 8, 2007 3:22am Aug 8, 2007 3:22am
Quoting VishalJ
I don't know how you have the patience or the courage to hold on to a position for so long.. if I hold on to it for more than 5 minutes I start sweating lol.
that's what good traders do... having patience
I also have to practice that
  • #4,826
  • Aug 8, 2007 3:23am Aug 8, 2007 3:23am
Gents, one question, take this sudden upward move for example, what sort of indications shud I look out for to recognise that a retracement is about to happen and vice versa?

Thanks
  • #4,827
  • Aug 8, 2007 3:24am Aug 8, 2007 3:24am
Quoting Rustyyy
T/P at 241.30
You think this has another 100 pips left to go ?
I am thinking wait to after BOE statement.

If I wait for fundamentals...to take trade>>
Attached Image
  • #4,828
  • Aug 8, 2007 3:24am Aug 8, 2007 3:24am
it is going to break yesterday high.... thinking of leveraging a bit more.. only a bit...
  • #4,829
  • Aug 8, 2007 3:25am Aug 8, 2007 3:25am
Quoting auslanco
If I wait for fundamentals...to take trade>>
LOL ! So correct....

  • #4,830
  • Aug 8, 2007 3:26am Aug 8, 2007 3:26am
Quoting xlr8
Gents, one question, take this sudden upward move for example, what sort of indications shud I look out for to recognise that a retracement is about to happen and vice versa?

Thanks
I think the best is price action itself...
auslanco mentioned Momentum indicator
  • #4,831
  • Aug 8, 2007 3:26am Aug 8, 2007 3:26am
Quoting VishalJ
I don't know how you have the patience or the courage to hold on to a position for so long.. if I hold on to it for more than 5 minutes I start sweating lol.
If you have your own solid strategy and if you beleive in it.. you will get there.
  • #4,832
  • Aug 8, 2007 3:28am Aug 8, 2007 3:28am
Quoting xlr8
Gents, one question, take this sudden upward move for example, what sort of indications shud I look out for to recognise that a retracement is about to happen and vice versa?

Thanks

1hr Momentum indicator and 15min SI, 5min SI
  • #4,833
  • Aug 8, 2007 3:31am Aug 8, 2007 3:31am
Quoting auslanco
1hr Momentum indicator and 15min SI, 5min SI
Got it...Thanks Aus
  • #4,834
  • Aug 8, 2007 3:34am Aug 8, 2007 3:34am
Quoting auslanco
Yeh mine still from yesterday @ 239.37..
quote (I'm Long @ 239.35
SL 238.90) quote

238.55 was printed. How can this still be active?
Polishing my crystal ball
  • #4,835
  • Aug 8, 2007 3:38am Aug 8, 2007 3:38am
Quoting 30XTCi
quote (I'm Long @ 239.35
SL 238.90) quote

238.55 was printed. How can this still be active?

Because I got in before the 1hr crossed the 50 line .. after it failed to break the support yesterday... and I Knew this was going to break up.. so I didnt exit
  • #4,836
  • Aug 8, 2007 3:38am Aug 8, 2007 3:38am
looking for a place to get in. poss. 241.30? any suggestions
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #4,837
  • Aug 8, 2007 3:42am Aug 8, 2007 3:42am
possible retracement to the 1hr 5SMA....might consider re entering once it price touches that MA.....
  • #4,838
  • Aug 8, 2007 3:42am Aug 8, 2007 3:42am
retrace 30 min 5sma
  • #4,839
  • Aug 8, 2007 3:45am Aug 8, 2007 3:45am
Quoting auslanco
retrace 30 min 5sma
is your 5 sma around 241?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #4,840
  • Aug 8, 2007 3:46am Aug 8, 2007 3:46am
Quoting moneymagnet
is your 5 sma around 241?
Yess 240.90
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