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

  • #7,901
  • Aug 15, 2007 3:54am Aug 15, 2007 3:54am
I feel that there is not gonna be any significant retracement because GJ is cruising down nicely and slowly since US session.

I have noticed that retracements only happen when there is a sudden spike/movement.

Do you guys agree with me?
I may be wrong, and i welcome and appreciate any response from any of you.

Thanks
Why do people only post a nice trending period chart?
  • #7,902
  • Aug 15, 2007 3:55am Aug 15, 2007 3:55am

im waiting 1H candle to close above 233.20 before comfirm go long...
dont ask me why...im trying to be like karmo

"Analysis Is Hard But Trade Is Easy"
  • #7,903
  • Aug 15, 2007 3:56am Aug 15, 2007 3:56am
Quoting auslanco
Karmo is not doing any trade calls. You guys are putting too much pressure on him. If there's a trade he will post it on the thread. Trades don't happen every hour. So everyone should calm down and let him do trades at his own pace.
But.. but.. i thought that's what you guys do

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  • #7,904
  • Aug 15, 2007 3:57am Aug 15, 2007 3:57am
Quoting auslanco
Karmo is not doing any trade calls. You guys are putting too much pressure on him. If there's a trade he will post it on the thread. Trades don't happen every hour. So everyone should calm down and let him do trades at his own pace.

U ARE RIGHT BROTHER.
  • #7,905
  • Aug 15, 2007 3:57am Aug 15, 2007 3:57am
Quoting packetguy
Current scenario wise you are right on the money but I think that the markets have a short memory and once the dust settles with the FED and ECB assurances of buying out bad-credit and providing liquidity as required, I think the carry trade will be back in action before long.
So it looks like the traders are waiting for the US Market to open and news before playing any big trades???
  • #7,906
  • Aug 15, 2007 3:58am Aug 15, 2007 3:58am
The PJ moves several hundred pips a day, so it's ok if you miss a few here and there. If/when the wan isn't targeted to the dollar any more, the PJ may start to average 500+ pips per day. Just relax, this isn't the EUR/USD/
  • #7,907
  • Aug 15, 2007 3:59am Aug 15, 2007 3:59am
Quoting intelmaster
Hey, Sorry Aus & Karm if I guys hurt you or something =)

Aus, it was just that he was discussing on whether to go long or wait before the news was out.. So, it was just a chat actually.. not meant to force an answer =)
I understand your point.. When everyone is asking him 100 different questions and trade calls thats lots of pressure for him. It will effect his judgement and his own trading . Trust me.. I have been there and done it If there is a good trade he will post it to the thread. Then it's up to you to take that trade or not. Karmo is not a scalper. so he doesn't have trades every 5 minutes.
Hope you guys would understand
  • #7,908
  • Aug 15, 2007 3:59am Aug 15, 2007 3:59am
Phew.. got out with a 30 pip profit on short GJ.. couldn't wait for it to move any longer.

Edit - Great, as soon as I get out the bloody thing starts moving
  • #7,909
  • Aug 15, 2007 4:01am Aug 15, 2007 4:01am
Quoting VishalJ
But.. but.. i thought that's what you guys do

Attachment
Hop Vishal,, Have you gone Long yet.. ??? because I want to go short:
  • #7,910
  • Aug 15, 2007 4:01am Aug 15, 2007 4:01am


Quoting auslanco
I understand your point.. When everyone is asking him 100 different questions and trade calls thats lots of pressure for him. It will effect his judgement and his own trading . Trust me.. I have been there and done it If there is a good trade he will post it to the thread. Then it's up to you to take that trade or not. Karmo is not a scalper. so he doesn't have trades every 5 minutes.
Hope you guys would understand
  • #7,911
  • Aug 15, 2007 4:01am Aug 15, 2007 4:01am
Quoting karmostaji
It's time to chill my friends, you've got to let the trade to come to you and not run after it


hey kermo brother tell me the staregy

whats ur nick on marketiva
kermo ROcks !
  • #7,912
  • Aug 15, 2007 4:01am Aug 15, 2007 4:01am
I just entered a short, 232.20
Why do people only post a nice trending period chart?
  • #7,913
  • Aug 15, 2007 4:03am Aug 15, 2007 4:03am
Quoting auslanco
Hop Vishal,, Have you gone Long yet.. ??? because I want to go short:
No bro, I went short.. exited with 30 pips Now I'm too scared to do anything lol (GJ should go down logically)
  • #7,914
  • Aug 15, 2007 4:03am Aug 15, 2007 4:03am
Quoting yuhu
I just entered a short, 232.20
whatz ur TP
kermo ROcks !
  • #7,915
  • Aug 15, 2007 4:05am Aug 15, 2007 4:05am
Quoting yuhu
I just entered a short, 232.20
anything in particular that you saw?
  • #7,916
  • Aug 15, 2007 4:05am Aug 15, 2007 4:05am
Quoting jarroo
Karm's weekly chart is on page 523, post 7835.

Jim

Some good 4 hour GBPJPY by Karm on page 437, post 6547 and page 439 post 6573. Now study the S/R lines, fib lines and see where they line up or are close to each other on the daily and weekly.

Good stuff.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #7,917
  • Aug 15, 2007 4:07am Aug 15, 2007 4:07am
4H chart

232.50 area (61.8% fibo) - Resistance
231.70 area (daily trendline) - support


http://img170.imageshack.us/img170/1937/gjgo4.gif
Trade what you see, not what you think.
  • #7,918
  • Aug 15, 2007 4:07am Aug 15, 2007 4:07am
Quoting gr8collector
anything in particular that you saw?
I went short short 232.41 when the 5min SI cross down. risky trade.. but I will be cautious
  • #7,919
  • Aug 15, 2007 4:10am Aug 15, 2007 4:10am
Quoting Se[V]eN

im waiting 1H candle to close above 233.20 before comfirm go long...



dont ask me why...im trying to be like karmo

Here\s why (as I thought the same) :

THe last bar was an inside bar which means market is confused and will eventually going to breakout up or down, now to confirm up, the bar before the inside bar has to be broken + clear the daily support @ 233.14 , and since support is a zone not a specific price, I'd add another 10 pips confirmation, so I'll go long above 233.25

The same apply for a short, the low or the previous to the inside bar has to be broken + fib + support @ 231.78 + bottom of channel confluence in mind

*** That's only how I looked at it, not a pro at all to claim it's a sound analysis*****
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  • #7,920
  • Aug 15, 2007 4:10am Aug 15, 2007 4:10am
Quoting auslanco
I went short short 232.41 when the 5min SI cross down. risky trade.. but I will be cautious

Yeah, I have already exited the trade for 10pips. Risky..
just to keep me awake.
Why do people only post a nice trending period chart?
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