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

  • #12,561
  • Aug 21, 2007 8:07am Aug 21, 2007 8:07am
Quoting karmostaji
short @ 226.77

1st TP 225.70
2nd TP 225.15
3rd TP 224.50

very risky, u can lose ur money if u wish
Words of confidence?...lol
  • #12,562
  • Aug 21, 2007 8:09am Aug 21, 2007 8:09am
Quoting karmostaji
short @ 226.77

1st TP 225.70
2nd TP 225.15
3rd TP 224.50

very risky, u can lose ur money if u wish

Yup, I did the same aiming for 200 pips (short @226.76) .. but will close if price dictates changes
  • #12,563
  • Aug 21, 2007 8:10am Aug 21, 2007 8:10am
I think things maybe simpler than they seem..., I am just waiting for one of those trendlines to be broken and I'll take either a long or a short.
But again I don't know much
http://img233.imageshack.us/img233/6...busd1h2ta5.gif

Edit: Also you can see that in order to break either of the trend lines it has to break either 50 weekly fib or 23.6 monthly fib strong enough confirmation that the move is powerfull, and after staying so long in a range it should be if I catch 100 pips from a 300 pisp move it will be enough for me. I am favouring the short because of the strong resistance at 229(this one I know from Monarch)
  • #12,564
  • Aug 21, 2007 8:11am Aug 21, 2007 8:11am
Quoting karmostaji
short @ 226.77

1st TP 225.70
2nd TP 225.15
3rd TP 224.50

very risky, u can lose ur money if u wish

u beat my entry by 1 pip
  • #12,565
  • Aug 21, 2007 8:11am Aug 21, 2007 8:11am
locked in +8 pips, now let it ride till my TP

easy, simple trading is best
Trade what you see, not what you think.
  • #12,566
  • Aug 21, 2007 8:15am Aug 21, 2007 8:15am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting MikeW
Well done. Don't you find the QQE useful for scalping on the short time frame?
Thanks MikeW.
I figured, because of Cross GannHilo and 5sma I lost 70 pips, instead as you said if I used QQE, that is good.
Any how thank you very much.
All things are difficult before they are easy.
  • #12,567
  • Aug 21, 2007 8:15am Aug 21, 2007 8:15am
Quoting karmostaji
short @ 226.77

1st TP 225.70
2nd TP 225.15
3rd TP 224.50

very risky, u can lose ur money if u wish
I like it Karmo

Let's see. . .

1st TP 225.70 weekly 50 fib

2nd TP 225.15 4 hour 23.6 fib

3rd TP 224.50 ??

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #12,568
  • Aug 21, 2007 8:19am Aug 21, 2007 8:19am
224.80 soon to be seen my guess
Boyy,trap money,like bear hunters.
  • #12,569
  • Aug 21, 2007 8:19am Aug 21, 2007 8:19am
I have a trendline that is acting as strong support @ 226.30, if 1H candle can't close below it then i guess we won't see downward movement but i'll be happy with +8
Trade what you see, not what you think.
  • #12,570
  • Aug 21, 2007 8:21am Aug 21, 2007 8:21am
Quoting karmostaji
short @ 226.77

1st TP 225.70
2nd TP 225.15
3rd TP 224.50

very risky, u can lose ur money if u wish
I'm with you there Karm, I'm in a short scalp that I entered about 6 hours ago at 226.27!! The internet cut out and when I got it back I was around $1,300 in the red. I've been waiting for it to come back down.

Mike
  • #12,571
  • Aug 21, 2007 8:21am Aug 21, 2007 8:21am
Quoting jarroo
I like it Karmo

Let's see. . .

1st TP 225.70 weekly 50 fib

2nd TP 225.15 4 hour 23.6 fib

3rd TP 224.50 ??

Jim
http://img339.imageshack.us/img339/2217/gjae8.gif
Trade what you see, not what you think.
  • #12,572
  • Aug 21, 2007 8:25am Aug 21, 2007 8:25am
Quoting vrama
Thanks MikeW.
I figured, because of Cross GannHilo and 5sma I lost 70 pips, instead as you said if I used QQE, that is good.
Any how thank you very much.
I actually use stochastic (10,3,3) and price action for scalping.

Mike
  • #12,573
  • Aug 21, 2007 8:25am Aug 21, 2007 8:25am
Quoting ovidiu
http://img233.imageshack.us/img233/6...busd1h2ta5.gif
Heh, had the same wedge trends, reckon some break in 8 to 12 hours, if Dodd speech in 30 minutes wont spicen things up.
  • #12,574
  • Aug 21, 2007 8:28am Aug 21, 2007 8:28am
hoping the pair to close below 226.26 at the end of the hour...
around 226.20
which will technically give room to 225.60
give me my pips back...
  • #12,575
  • Aug 21, 2007 8:28am Aug 21, 2007 8:28am
Any update regarding emergency reduction in rates by Fed. This cAN MAKE MARKET BULLISH atleast for today
  • #12,576
  • Aug 21, 2007 8:30am Aug 21, 2007 8:30am
Quoting mansaf6
Any update regarding emergency reduction in rates by Fed. This cAN MAKE MARKET BULLISH atleast for today

do you guys really think that my dear friend Bernanke will cut rates today?

and yeah that would give bullish momentum to the market.
give me my pips back...
  • #12,577
  • Aug 21, 2007 8:34am Aug 21, 2007 8:34am
TP1 & TP2 closed succesfully.
S/L moved to entry price @ 226.54
One pos remains open for the free ride down.
Gradually S/L adjusitng to lock in the profit of lot #3

A.D.
  • #12,578
  • Aug 21, 2007 8:34am Aug 21, 2007 8:34am
Quoting Lincoln_10
do you guys really think that my dear friend Bernanke will cut rates today?

and yeah that would give bullish momentum to the market.
As long as it is not Bernie who talks to the world we should be fine...lol
  • #12,579
  • Aug 21, 2007 8:34am Aug 21, 2007 8:34am
Same observation, karmo. Short at the 38 daily 228.79

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #12,580
  • Aug 21, 2007 8:37am Aug 21, 2007 8:37am
China raised their interest rates.

http://www.bloomberg.com/apps/news?p...i_E&refer=home
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