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

  • #11,021
  • Aug 17, 2007 2:43pm Aug 17, 2007 2:43pm
Quoting fourxtrader
me!

yen is always the driver... the feds and the dow are just tagging along



MARKAM, "THE FUNDAMENTAL VOICE OF REASON",

ALWAYS ENJOY YOUR POSTS....

EVERYONE HAVE A GREAT WEEKEND!

now back to....

sleepinginadumpster
Me too .. I made 110 pips of the jump
I have made >500 pips in one trading day (Since yesterday Asian session), the best in my entire trading business Well, hope it will be consistent as well later in the future even with fewer pips, that's ok. As long as profitable
Ok guys, nice to have this thread .. can chat a bit with all traders, thus not alone .. hehe.
  • #11,022
  • Aug 17, 2007 2:46pm Aug 17, 2007 2:46pm
Quoting bluerose
Markam, what pairs do you use for scalping? Sometimes I do with GJ, using fxcm but the spreads are too big to do so now? Thanks in advance for the info. Regards. BR
Sometime EU. GJ is ok when you have a 7 pip spread. 13-15 like now is tough.
  • #11,023
  • Aug 17, 2007 2:47pm Aug 17, 2007 2:47pm
Ash,
With all due respect what is the name of the thread?
Quoting Ash
Dude, with all due respect, this is a GBP/JPY Thread.
  • #11,024
  • Aug 17, 2007 2:48pm Aug 17, 2007 2:48pm
Looks like the market has had enough of this week.

Hope everyone has a great weekend.
  • #11,025
  • Aug 17, 2007 2:49pm Aug 17, 2007 2:49pm
Quoting mktjong
Me too .. I made 110 pips of the jump
I have made >500 pips in one trading day (Since yesterday Asian session), the best in my entire trading business Well, hope it will be consistent as well later in the future even with fewer pips, that's ok. As long as profitable
Ok guys, nice to have this thread .. can chat a bit with all traders, thus not alone .. hehe.

IT JUST AMAZES ME HOW WE CAN GATHER HERE HAVING THE SAME COMMON GOALS..... YET WITH THE MOST DIVERSE 'SPREADS'

FROM SIDNEY TO TORONTO, DUBAI TO LONDON.....

BOGGLES THE MIND
  • #11,026
  • Aug 17, 2007 2:51pm Aug 17, 2007 2:51pm
Quoting markam
Sometime EU. GJ is ok when you have a 7 pip spread. 13-15 like now is tough.
I find M1 is the best for scalping. What time frame do you use?
  • #11,027
  • Aug 17, 2007 2:53pm Aug 17, 2007 2:53pm
Quoting Ash
What the gentleman needs is WWWIN, Angler and YoYo's input on this matter of extreme importance. We would like to hear there analysis and recommendation's.
I would say he is the right thread, misery loves company.
  • #11,028
  • Aug 17, 2007 2:53pm Aug 17, 2007 2:53pm
Quoting Ash
Dude, with all due respect, this is a GBP/JPY Thread.
hi, but think u need to take a good look at chart again, this GBP/USD
  • #11,029
  • Aug 17, 2007 2:53pm Aug 17, 2007 2:53pm
Any thoughts from the technical point of view for this daily pin bar, anyone?
Greed and impatience are our greatest enemies.
  • #11,030
  • Aug 17, 2007 2:59pm Aug 17, 2007 2:59pm
Quoting bluerose
Markam, what pairs do you use for scalping? Sometimes I do with GJ, using fxcm but the spreads are too big to do so now? Thanks in advance for the info. Regards. BR

I'm telling you folks.... whether you are trading in the long term time frames or scalping by the minute.....

check out EFXGroup.com

The narrowest spreads without the monkey business commonly found with brokers. Why? Because they do not trade against you using the spread, they take a modest commission from each execution and subsequently offer narrower spreads.

Don't take my word for it. Check 'em out and play with a demo first. The live account is even more reliable.... they love for you to make any and all executions.

The fundamental question... which is better?

using dealing desk processing and making their money on the spread vs. a fixed commission and no monkey business.

find out for yourself

Dr. D.
  • #11,031
  • Aug 17, 2007 3:00pm Aug 17, 2007 3:00pm
Quoting neel123
Ash,
With all due respect what is the name of the thread?

It is GBP/USD.
Humble Lifetime Member
  • #11,032
  • Aug 17, 2007 3:02pm Aug 17, 2007 3:02pm
Quoting mcmartins
hi, but think u need to take a good look at chart again, this GBP/USD
The GBP/USD is the news trade.
Humble Lifetime Member
  • #11,033
  • Aug 17, 2007 3:04pm Aug 17, 2007 3:04pm
Quoting yoyo
I would say he is the right thread, misery loves company.
Yeah, sure, I don't find any misery on this thread only happy camper's.
Humble Lifetime Member
  • #11,034
  • Aug 17, 2007 3:10pm Aug 17, 2007 3:10pm
Quoting bluerose
I find M1 is the best for scalping. What time frame do you use?
I use 5 minute, the parabolic sar and QQE to determine entry points, and only do it during quiet periods. The asian session when there is a decent range is usually pretty good.
  • #11,035
  • Aug 17, 2007 3:11pm Aug 17, 2007 3:11pm
Quoting fourxtrader
I'm telling you folks.... whether you are trading in the long term time frames or scalping by the minute.....

check out EFXGroup.com

The narrowest spreads without the monkey business commonly found with brokers. Why? Because they do not trade against you using the spread, they take a modest commission from each execution and subsequently offer narrower spreads.

Don't take my word for it. Check 'em out and play with a demo first. The live account is even more reliable.... they love for you to make any and all executions.

The fundamental question... which is better?

using dealing desk processing and making their money on the spread vs. a fixed commission and no monkey business.

find out for yourself

Dr. D.
I totally agree with you!
Humble Lifetime Member
  • #11,036
  • Aug 17, 2007 3:31pm Aug 17, 2007 3:31pm
Quoting Rabax
Any thoughts from the technical point of view for this daily pin bar, anyone?

THE DAILY PIN BAR (SIMILAR TO A LONG LEGGED DOJI)....

NOT A PURE CONFIGURATION BECAUSE THE OPEN AND THE CLOSE WERE NOT THE SAME BUT CLOSE ENOUGH TO CONSIDER.

WHAT DOES IT MEAN:

MEDIUM RELIABILITY FOR A REVERSAL AND / OR SIGNAL OF INDECISION

THE DIFFERENCE IN TODAYS PATTERN IS:

THERE WAS A LONGER LOWER SHADOW (SELLING PRESSURE) THE COULDN'T BE SUSTAINED AND THE SMALL BODY OF THE CANDLE (OPEN AND CLOSE) FINISHED BULLISH AND FARTHER UP IN THE LENGTH OF THE CANDLE WITH A SHORTER UPPER SHADOW (BUYING PRESSURE).

BROADLY, NEITHER THE BUYERS NOR THE SELLERS WON FOR THE DAY.

NARROWLY, THIS CANDLE PATTERN TODAY IS MORE BULLISH THAN A CLASSIC LONG LEGGED DOJI THAT HAS THE SAME UPPER AND LOWER SHADOW LENGTHS.

CONFIRMATON COMES WITH THE FORMATION OF THE NEXT CANDLE(S).

IF THE TRADING RANGE HAD BEEN SMALLER IN RELATIONSHIP TO THE HI'S AND THE LOW'S, IT WOULD BE EVEN MORE OF A DOJI AND MORE INDECISION. IF THE SHADOWED ABOVE THE BODY WERE SMALLER IT WOULD INDICATE MORE OF A REVERSAL.. A SCREECHING HALT TO THE LONG DOWNWARD PATTERN.

IF YOU ARE PRESENTLY LONG, IT'S RISKY.

IF TRADING GAPS UP IN THE NEXT SESSION AND FINISHES BULLISH THEN YOU MADE A GOOD CALL.

I'M HOLDING WITH NO POSITION UNTIL THE NEXT CANDLE FORMATION.


STILL SURROUNDED BY CANDLES, WHILE.....

SLEEPINGINADUMPSTER
  • #11,037
  • Aug 17, 2007 3:38pm Aug 17, 2007 3:38pm
Everyone have a good weekend! Great week, More to come!
Humble Lifetime Member
  • #11,038
  • Aug 17, 2007 3:43pm Aug 17, 2007 3:43pm
Quoting JDAMv3
Look at that Zoheir, you are the #11,000th post. Congrad's!
Wwooow !! what do I get What do I get

Man this thing is growing real fast!!
  • #11,039
  • Aug 17, 2007 3:45pm Aug 17, 2007 3:45pm
so glad to be trading in the forex....

don't you just love these 'contrarian' cycles...

risky but not ridiculous like the mood on wall streets...

which seems worse than the 'ovarian' cycle.

lol

dr. d.
  • #11,040
  • Aug 17, 2007 3:50pm Aug 17, 2007 3:50pm
Quoting fourxtrader
I'm telling you folks.... whether you are trading in the long term time frames or scalping by the minute.....

check out EFXGroup.com

The narrowest spreads without the monkey business commonly found with brokers. Why? Because they do not trade against you using the spread, they take a modest commission from each execution and subsequently offer narrower spreads.

Don't take my word for it. Check 'em out and play with a demo first. The live account is even more reliable.... they love for you to make any and all executions.

The fundamental question... which is better?

using dealing desk processing and making their money on the spread vs. a fixed commission and no monkey business.

find out for yourself

Dr. D.
I have an EFX account (LIVE) I stopped using 2 weeks back for 3 reasons:

1- THey don't have a charting software (and obviously no MT platform)
2- Their servers went down and kept calling customer service long distance and no one answered 8 times in a row (had open positions too!!)
3- no clear indication of the comission/trade i.e. it shows as a total for the day, not per trade

on a fair note, when I reached customer service, they were great but the platform is not the easiest and the servers going down 2 times same week scared me away

for more details they have a thread on broker discussion section
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