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

  • #6,141
  • Aug 10, 2007 5:30am Aug 10, 2007 5:30am
I am not sure what to do now. Is is safe to go short? or might it shoot back up from here or hitting previous low 237.62?

Aus, have you reversed your position from your long to TP 240.20?
Consistency and patience is everything
  • #6,142
  • Aug 10, 2007 5:30am Aug 10, 2007 5:30am
Quoting karmostaji
because I am stupid at times, simple as that
I feel the same at times.....well put...
  • #6,143
  • Aug 10, 2007 5:32am Aug 10, 2007 5:32am
Quoting karmostaji
because I am stupid at times, simple as that
No way man, you're far from being stupid ........ I started to make more consistent wins after you explained many things to me in a better way ... you simply took a bad trade (if it turn to be bad) who does make only right decisions constantly ??? none of us.

You are a brilliant young man with a very positive attitude .. that';s what you are
  • #6,144
  • Aug 10, 2007 5:33am Aug 10, 2007 5:33am
Quoting Geldmeister
I am not sure what to do now. Is is safe to go short? or might it shoot back up from here or hitting previous low 237.62?

Aus, have you reversed your position from your long to TP 240.20?
Stay OUT. Never know where it will go.. if you're not sure.. never enter. All markets are down.. logically this pair should go further down.. but then it's known to defy logic at times.
  • #6,145
  • Aug 10, 2007 5:33am Aug 10, 2007 5:33am
Quoting karmostaji
because I am stupid at times, simple as that
At least you're only stupid sometimes.
  • #6,146
  • Aug 10, 2007 5:34am Aug 10, 2007 5:34am
Auslanco,

Waiting H1 retrace to SMA5 will be the short trade take according to the strategy. Correct?
  • #6,147
  • Aug 10, 2007 5:34am Aug 10, 2007 5:34am
Quoting Geldmeister
I am not sure what to do now. Is is safe to go short? or might it shoot back up from here or hitting previous low 237.62?

Aus, have you reversed your position from your long to TP 240.20?
wait atleast the 1h candle closes, that's what I'm doing..
Trade what you see, not what you think.
  • #6,148
  • Aug 10, 2007 5:34am Aug 10, 2007 5:34am
Quoting karmostaji
because I am stupid at times, simple as that
Nah karmo.. 1 bad trade out of 10 trades.. geez, I wish I was stupid! You're awesome.. and Aus. Group hug
  • #6,149
  • Aug 10, 2007 5:35am Aug 10, 2007 5:35am
taking retraces against the 4H trend.... is always risky...
  • #6,150
  • Aug 10, 2007 5:37am Aug 10, 2007 5:37am
Quoting zoheir
No way man, you're far from being stupid ........ I started to make more consistent wins after you explained many things to me in a better way ... you simply took a bad trade (if it turn to be bad) who does make only right decisions constantly ??? none of us.

You are a brilliant young man with a very positive attitude .. that';s what you are
Sometimes I just mess up easy trades and the hard one's I get them.. the market is playing mind games with me

Thanks for your kind words Zoheir , Let's get back to studying and make lots of GREEN pips
Trade what you see, not what you think.
  • #6,151
  • Aug 10, 2007 5:41am Aug 10, 2007 5:41am
anyone still have a long position open? SI all bearish except for 30M.
  • #6,152
  • Aug 10, 2007 5:41am Aug 10, 2007 5:41am
Quoting karmostaji
Thanks for your kind words Zoheir , Let's get back to studying and make lots of GREEN pips
THAT's THE MAAAAAN
  • #6,153
  • Aug 10, 2007 5:41am Aug 10, 2007 5:41am
Quoting karmostaji
Sometimes I just mess up easy trades and the hard one's I get them.. the market is playing mind games with me
yeah !!! why is that? it happens to me too !!!
  • #6,154
  • Aug 10, 2007 5:42am Aug 10, 2007 5:42am
It's not over yet karmo.. and hopefully it won't. Even with a horrible ftse.. gj hasn't strayed below 238 a lot.. which shows that it's really fighting the markets.

What we need is some damn Fed/ECB head to calm markets down and assure banks that liquidity won't be an issue. Geez, they already injected so much money.. but everyone's running scared. A couple of days, maybe hours for this to cool off.. and we'll be back on the ride up.
  • #6,155
  • Aug 10, 2007 5:44am Aug 10, 2007 5:44am
i took a huge hit today. will get it back once those indicators all line up for us.
  • #6,156
  • Aug 10, 2007 5:45am Aug 10, 2007 5:45am
Ok guys.. I'm done for the day .. I think it's too risky too trade today.. I have covered my targets for this week .. so I'm gone.

Have a great weekend & Happy trading everyone
  • #6,157
  • Aug 10, 2007 5:46am Aug 10, 2007 5:46am
here's anothing interesting channel, a smaller one though



Attached Image (click to enlarge)
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  • #6,158
  • Aug 10, 2007 5:47am Aug 10, 2007 5:47am
Cheers Aus! Thanks for the big help.. made a lot of pips because of you
  • #6,159
  • Aug 10, 2007 5:49am Aug 10, 2007 5:49am
Does anyone know if there is a way of overlaying a moving average on top of the momentum on the VT chart? It's simple in MT4 but I haven't found how in VT.

Thanks

Mike
  • #6,160
  • Aug 10, 2007 5:49am Aug 10, 2007 5:49am
Quoting auslanco
Ok guys.. I'm done for the day .. I think it's too risky too trade today.. I have covered my targets for this week .. so I'm gone.

Have a great weekend & Happy trading everyone
that's what I was talking about before... hehe... good traders are gone to enjoy the profits of the week

Have a great weekend Auslanco !
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