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

  • #22,821
  • Sep 7, 2007 6:24am Sep 7, 2007 6:24am
Quoting karmostaji
15m candle closing below 50ema is worrying me a bit, mm I don't know..
if the momentum on 30m turns up quiet well, we might be still safe
Trade what you see, not what you think.
  • #22,822
  • Sep 7, 2007 6:25am Sep 7, 2007 6:25am
Quoting karmostaji
hmm, NFP is usually crazy and price goes both ways, hmm it's up to you but definitely lock in a good amount of green pips so you'll be happy even if you get stopped out.

Good luck
Thanks, Karmo. The one thing I finally learned was to lock-in green pips as soon as possible. I've always knew that, but it didn't really sink in until following you and Aus.

Thanks again,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #22,823
  • Sep 7, 2007 6:31am Sep 7, 2007 6:31am
Quoting auslanco
I will close this trade and buy GU just before the news...

Is it safe to do that?
  • #22,824
  • Sep 7, 2007 6:46am Sep 7, 2007 6:46am
15 minutes to go, then price goes nuts

we will be
Trade what you see, not what you think.
  • #22,825
  • Sep 7, 2007 6:49am Sep 7, 2007 6:49am
Quoting auslanco
There wont be strategy call until 4hr cross upwards for longs or 30 min cross downwards for shorts. I cant see any of those happening anytime sooner.

would also like to have h1 confirmation to that, as u said, that won't be anytime today.....even if there was, i'd wait for next week...
  • #22,826
  • Sep 7, 2007 6:50am Sep 7, 2007 6:50am
Quoting auslanco
I will close this trade and buy GU just before the news...
  • #22,827
  • Sep 7, 2007 6:51am Sep 7, 2007 6:51am
short from 232.81
t/p 232.25
s/l 233
  • #22,828
  • Sep 7, 2007 6:51am Sep 7, 2007 6:51am
Quoting karmostaji
15 minutes to go, then price goes nuts

we will be
NFP comes out at 8:30 - 40 more minutes
The Will is Greater than the Skill
  • #22,829
  • Sep 7, 2007 6:52am Sep 7, 2007 6:52am
Quoting skillwill
NFP comes out at 8:30 - 40 more minutes
you are right, my bad
Trade what you see, not what you think.
  • #22,830
  • Sep 7, 2007 6:55am Sep 7, 2007 6:55am
Quoting lilmoe
screw it, i'm in.......i'm tired of waiting for a strategy call......

Discipline is the name of the game.
  • #22,831
  • Sep 7, 2007 6:58am Sep 7, 2007 6:58am
Quoting VishalJ
This is a gamble!
  • #22,832
  • Sep 7, 2007 7:01am Sep 7, 2007 7:01am
Quoting alaporte
This is a gamble!
Forex is a skill and when you enter a trade before NFP you have turned forex into a gamble. As far as being in profit before NFP...take your profits. 15 - 30 min before the release you could be whipped and lose what profits you have. Protect your profits. If it ends up going in your direction for a million pips at the release, do not feel bad because you protected your profits and it could have just as well went the other way. Be smart and skilled.
  • #22,833
  • Sep 7, 2007 7:03am Sep 7, 2007 7:03am
Patience.
Trade what you see, not what you think.
  • #22,834
  • Sep 7, 2007 7:11am Sep 7, 2007 7:11am
OK.. this is for the guys who follow the QQE strategy...

If you trade GU for NFP.. Make sure you only go long. 4hr GU trend is long. If the intial spike is down .. you buy from a dip.. I would buy a small lot 10 min before and the rest @ a dip or on a retracement.
  • #22,835
  • Sep 7, 2007 7:18am Sep 7, 2007 7:18am
FOR ALL NEW TRADERS: close out your positions and do not trade trade this report. you will end up losing a large amount of money.
  • #22,836
  • Sep 7, 2007 7:20am Sep 7, 2007 7:20am
Quoting auslanco
OK.. this is for the guys who follow the QQE strategy...

If you trade GU for NFP.. Make sure you only go long. 4hr GU trend is long. If the intial spike is down .. you buy from a dip.. I would buy a small lot 10 min before and the rest @ a dip or on a retracement.
OK, I understand your cable technical pov - I am thinking of DOW reaction should NFP be in line with ADP results. Either way, for me, better to wait half an hour to see eventual direction. IMO.
  • #22,837
  • Sep 7, 2007 7:21am Sep 7, 2007 7:21am
Quoting PipChick
Forex is a skill and when you enter a trade before NFP you have turned forex into a gamble. As far as being in profit before NFP...take your profits. 15 - 30 min before the release you could be whipped and lose what profits you have. Protect your profits. If it ends up going in your direction for a million pips at the release, do not feel bad because you protected your profits and it could have just as well went the other way. Be smart and skilled.
Ok PipChick

I would be the owner of the casino and not the gambler.....I will therefore sit on the sidelines AFTER we cross 233.00 or 8:20 AM whichever comes first.

I have been fighting Malcom since the open of the London market to be in control of this train....yes I have been on this train since then....what a ride .
The brave have made it...I am finally in control of the train and like I said ALL ABOURD UNTIL 233:00 8:20AM...

Oh by the way this is all being done in the spirit of America's economic conditions. Some of us have been on this train since 232:00

Oh while writing this to you we just crossed 233:00. My train has stopped.
The Will is Greater than the Skill
  • #22,838
  • Sep 7, 2007 7:22am Sep 7, 2007 7:22am
I closed my long in profit, now I'll wait till after news
Trade what you see, not what you think.
  • #22,839
  • Sep 7, 2007 7:24am Sep 7, 2007 7:24am
closed my long too..now will take a trade only after 15 mins of news
setup is pointing to upward spring on the g/u and g/jpy
  • #22,840
  • Sep 7, 2007 7:25am Sep 7, 2007 7:25am
Quoting karmostaji
I closed my long in profit, now I'll wait till after news
I did the same for 55 pips
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