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

  • #9,901
  • Aug 16, 2007 6:04pm Aug 16, 2007 6:04pm
Quoting Abouelzelouf
are you still seeing it will go up now? what is SL ?
my SL was in profit and it got hit, i got out with + pips

It is testing support now, might break it.. might not, keep watching
Trade what you see, not what you think.
  • #9,902
  • Aug 16, 2007 6:05pm Aug 16, 2007 6:05pm
Darn...it sure is dropping...wonder why?
  • #9,903
  • Aug 16, 2007 6:05pm Aug 16, 2007 6:05pm
F*** it just hit my SL
  • #9,904
  • Aug 16, 2007 6:06pm Aug 16, 2007 6:06pm
Quoting hookham
I am no expert but the 4hr bar doesn't seem to qualify as a pin bar as the nose is protruding, comments?
That's right, I never said it was a pin-bar , I took the long and as soon as i was in profit, i moved my SL into profit, i got out of the trade with +pips, i will see where we might be going in 50 mins when my 4h candle closes
Trade what you see, not what you think.
  • #9,905
  • Aug 16, 2007 6:07pm Aug 16, 2007 6:07pm
I.Y.I., You need to remove that word, please.
  • #9,906
  • Aug 16, 2007 6:07pm Aug 16, 2007 6:07pm
Quoting khmr
Also newbis so forgive me but when drawing Fib lines do you start from the top (high price) down or vice versa?
If you have a rally up, you draw from low to high
If you have a down move, you draw from high to low
Trade what you see, not what you think.
  • #9,907
  • Aug 16, 2007 6:08pm Aug 16, 2007 6:08pm
Quoting I.Y.I
it just hit my SL
always move it into profit as soon as you are in profit, don't get greedy

greed will kill your account
Trade what you see, not what you think.
  • #9,908
  • Aug 16, 2007 6:09pm Aug 16, 2007 6:09pm
hopefully this is a nice place to go long.
  • #9,909
  • Aug 16, 2007 6:11pm Aug 16, 2007 6:11pm
Karmostaji,

If you draw form 221.47 to 227.40, on 1H chart.
This may be 1 H retracement only, no need to quit.

How do you think?
  • #9,910
  • Aug 16, 2007 6:11pm Aug 16, 2007 6:11pm
Quoting karmostaji
always move it into profit as soon as you are in profit, don't get greedy

greed will kill your account

Yeah by the next time SLs only on a profit,but i was sure that it'll go much higher!!!
  • #9,911
  • Aug 16, 2007 6:12pm Aug 16, 2007 6:12pm
guess this would have been a better one.
  • #9,912
  • Aug 16, 2007 6:12pm Aug 16, 2007 6:12pm
Quoting markam
hopefully this is a nice place to go long.
I thought that about 100 pips ago...good luck
  • #9,913
  • Aug 16, 2007 6:13pm Aug 16, 2007 6:13pm
does anyone know why my mta 4hr does not show the pin bar and my VT does?
Attached Image (click to enlarge)
Click to Enlarge Name: gbu 4hr b4 gdp announc 8-9-07.jpg Size: 51 KB
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #9,914
  • Aug 16, 2007 6:14pm Aug 16, 2007 6:14pm
and the lowest point would have been the best.
  • #9,915
  • Aug 16, 2007 6:15pm Aug 16, 2007 6:15pm
please don't show me an even better entry point
  • #9,916
  • Aug 16, 2007 6:17pm Aug 16, 2007 6:17pm
Hmm... if you look at the momentum 1h you can see that when it goes above the 0 line and goes back below it , it seems to be a sign of a bearish movement or a bearish continuation
COT: The precious data ignored
  • #9,917
  • Aug 16, 2007 6:20pm Aug 16, 2007 6:20pm
to go lower it needs to pass 225.10...the 89ma on 5min chart.
  • #9,918
  • Aug 16, 2007 6:21pm Aug 16, 2007 6:21pm
Quoting kuroro001
Hmm... if you look at the momentum 1h you can see that when it goes above the 0 line and goes back below it , it seems to be a sign of a bearish movement or a bearish continuation
Thanks, I was looking for a sign to tell this 1H is in bullish or bearish world.
  • #9,919
  • Aug 16, 2007 6:21pm Aug 16, 2007 6:21pm
Feel sleep,because here in Bulgaria it is 2.20AM(+3GMT),but don't want to miss some interesting move!
  • #9,920
  • Aug 16, 2007 6:22pm Aug 16, 2007 6:22pm
just want to share this with those who keep asking about entry points or where to enter.......don't chase a top or bottom of a price rally, they always runaway from you and win!, place a trade where it will surely continue to go, i mean for a long , even if the price is low but it's before a fib or support that will become a resistance , place your trade above that so that you're sure it has cleared it (i mean kind of sure) same goes for a low place it after it has broken what u think might be a support or previously an area of confluence - even if the price seems right at some point you're more relaxed when you know it has at least a bottom or top to protect it
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