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

  • #7,521
  • Aug 14, 2007 2:53pm Aug 14, 2007 2:53pm
GJ .... IF YOU DARE CLOSING ABOVE 235.30
  • #7,522
  • Aug 14, 2007 2:58pm Aug 14, 2007 2:58pm
Hi Karmo, i have a question for you mate, can you guide me to a web site that teaches how to set up trend lines? please. i know by asking this i have a long way to go, but we must start somewhere. i am looking at babypips web site would you think thats plenty to learn from. i will apreciate it Karmo and thanks in advanced.
  • #7,523
  • Aug 14, 2007 2:59pm Aug 14, 2007 2:59pm
The Plunge Protection Team failed in rallying the stock market at the closing. Bad news for the stock market this week.

I would have bet money on a 100-200 point rise right at closing.
  • #7,524
  • Aug 14, 2007 3:00pm Aug 14, 2007 3:00pm
Anybody else shut out of Oanda right now?
Life is too short to have anything but delusional notions about yourself.
  • #7,525
  • Aug 14, 2007 3:01pm Aug 14, 2007 3:01pm
13,018.84
-217.69 (-1.64%)
  • #7,526
  • Aug 14, 2007 3:03pm Aug 14, 2007 3:03pm
Quoting markam
The Plunge Protection Team failed in rallying the stock market at the closing. Bad news for the stock market this week.

I would have bet money on a 100-200 point rise right at closing.
But you've closed your long - right ?
  • #7,527
  • Aug 14, 2007 3:03pm Aug 14, 2007 3:03pm
Quoting hoss
Anybody else shut out of Oanda right now?
I love the Oscar quotation!
  • #7,528
  • Aug 14, 2007 3:04pm Aug 14, 2007 3:04pm
Quoting hoss
Anybody else shut out of Oanda right now?
Not me, although I sit on the fence and leave the platform (OANDA live) open to watch the action . BR
  • #7,529
  • Aug 14, 2007 3:04pm Aug 14, 2007 3:04pm
Quoting bill77
Hi Karmo, i have a question for you mate, can you guide me to a web site that teaches how to set up trend lines? please. i know by asking this i have a long way to go, but we must start somewhere. i am looking at babypips web site would you think thats plenty to learn from. i will apreciate it Karmo and thanks in advanced.
hmm, I can't think of any website but why don't you some search on this forum and on the internet, there are PLENTY of information out there, or maybe create a thread in the 'beginners section' asking for information on Trendlines, they'll help you out

Practice makes perfect
Trade what you see, not what you think.
  • #7,530
  • Aug 14, 2007 3:06pm Aug 14, 2007 3:06pm
Quoting zoheir
But you've closed your long - right ?
It got stopped with 20 pips profit. I was actually rooting for the bulls there at the end. I am never optimistic, but I do believe that the market is manipulated. I really thought it would shoot up at the end.

This is good for my usual bearish outlook. Tomorrow could be miserable for the market.
  • #7,531
  • Aug 14, 2007 3:07pm Aug 14, 2007 3:07pm
I think you may find your TPs are too high, Karm, unless they're just interims.
  • #7,532
  • Aug 14, 2007 3:09pm Aug 14, 2007 3:09pm
Quoting markam
It got stopped with 20 pips profit. I was actually rooting for the bulls there at the end. I am never optimistic, but I do believe that the market is manipulated. I really thought it would shoot up at the end.

This is good for my usual bearish outlook. Tomorrow could be miserable for the market.
Excellent mate, I was a bit worried about that trade, 20 or 200 pips doesn't matter so long as they are green
  • #7,533
  • Aug 14, 2007 3:09pm Aug 14, 2007 3:09pm
Quoting hoss
Anybody else shut out of Oanda right now?
no mine is ok it happened to me a few weeks ago just contact there help desk if you want to close a trade they can do it for you
  • #7,534
  • Aug 14, 2007 3:10pm Aug 14, 2007 3:10pm
Quoting markam
It got stopped with 20 pips profit. I was actually rooting for the bulls there at the end. I am never optimistic, but I do believe that the market is manipulated. I really thought it would shoot up at the end.

This is good for my usual bearish outlook. Tomorrow could be miserable for the market.
Mark,

Don't feel bad for anything, you did it good, after all.
No one has control for the market, plus I feel that I owe you a beer, today.
You saved me out of market before it rised up. Remember?
  • #7,535
  • Aug 14, 2007 3:10pm Aug 14, 2007 3:10pm
Quoting Richardj
I think you may find your TPs are too high, Karm, unless they're just interims.
I'm a realistic man, I don't want to sit and dream of 210 or 200 at the moment, they are far away at the moment and the market is not going to go down 2000 pips down suddenly...

I will go with what my chart tells me, I communicate with my charts and I listen to what they say instead of listening to anything else..

Good luck with your 221 TP Richardj
Trade what you see, not what you think.
  • #7,536
  • Aug 14, 2007 3:13pm Aug 14, 2007 3:13pm
Quoting trader8686
Mark,

Don't feel bad for anything, you did it good, after all.
No one has control for the market, plus I feel that I owe you a beer, today.
You saved me out of market before it rised up. Remember?

Thanks. I felt pretty in tune with the market today, until right at the end.
  • #7,537
  • Aug 14, 2007 3:14pm Aug 14, 2007 3:14pm
Quoting J G
13,018.84
-217.69 (-1.64%)
move up a little 207.61
  • #7,538
  • Aug 14, 2007 3:14pm Aug 14, 2007 3:14pm
Quoting Richardj
I think you may find your TPs are too high, Karm, unless they're just interims.

In fact, I'm not so sure about that... I just found a major support very, very close to your TP - in a pattern on weekly that occurred on the previous massive GJ drop in July 98.
  • #7,539
  • Aug 14, 2007 3:17pm Aug 14, 2007 3:17pm
Quoting karmostaji
I'm a realistic man, I don't want to sit and dream of 210 or 200 at the moment, they are far away at the moment and the market is not going to go down 2000 pips down suddenly...

I will go with what my chart tells me, I communicate with my charts and I listen to what they say instead of listening to anything else..

Good luck with your 221 TP Richardj
Gosh, that's not a TP, except on my 3 month option - for a while, at least! As I said, I think it is extremely difficult (for me, at least) to find the correct TPs. There is unquestionable major support where your TP is: if we were to emulate July 98's pattern, there would then be a collosal retracement (for a few weeks), followed by the really enormous drop after that.
  • #7,540
  • Aug 14, 2007 3:24pm Aug 14, 2007 3:24pm
Quoting Richardj
Gosh, that's not a TP, except on my 3 month option - for a while, at least! As I said, I think it is extremely difficult (for me, at least) to find the correct TPs. There is unquestionable major support where your TP is: if we were to emulate July 98's pattern, there would then be a collosal retracement (for a few weeks), followed by the really enormous drop after that.
So what's wrong about taking profit at a major support ?
in fact it's wiser to TP at a major support and re-enter after breach - or did I misunderstand what you're trying to say ?
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