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

  • #23,041
  • Sep 7, 2007 9:45am Sep 7, 2007 9:45am
Quoting auslanco
You mean the "Markam" trade??:
  • #23,042
  • Sep 7, 2007 9:45am Sep 7, 2007 9:45am
btw 230.18 is todays pivot last resistance , if broken , then next resistance is weekly resistance at 228.18 ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #23,043
  • Sep 7, 2007 9:47am Sep 7, 2007 9:47am
Quoting hodoman
no serious retracement so far and i'm still out, waiting for the moment to pop in. am I missing the train already??
I just keep doing small orders so I don't get burned. When it drops low enough, I set a stop in profit and let it run.
  • #23,044
  • Sep 7, 2007 9:47am Sep 7, 2007 9:47am
Quoting auslanco
Wait until Monday.. There will be bigger and better moves


I'm making you stick to your word here.. else.. u'll have my bsb/acc no. in an email!!

ha ha
  • #23,045
  • Sep 7, 2007 9:48am Sep 7, 2007 9:48am
seems 230.50 gave way, 229.30 is our next stop but there might be possible retrace to 230.50 next 1hr candle
Trade what you see, not what you think.
  • #23,046
  • Sep 7, 2007 9:48am Sep 7, 2007 9:48am
Quoting auslanco
You mean the "Markam" trade??:
Indicators show the past. Price Action "Indicates" the future.
  • #23,047
  • Sep 7, 2007 9:50am Sep 7, 2007 9:50am
u mean "229.30" is our next stop?

Quoting karmostaji
seems 230.50 gave way, 239.30 is our next stop but there might be possible retrace to 230.50 next 1hr candle
  • #23,048
  • Sep 7, 2007 9:50am Sep 7, 2007 9:50am
Quoting markam
I just keep doing small orders so I don't get burned. When it drops low enough, I set a stop in profit and let it run.

When does your new thread start, markam?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #23,049
  • Sep 7, 2007 9:51am Sep 7, 2007 9:51am
Monthly TFT.. expect a small bounce back
  • #23,050
  • Sep 7, 2007 9:51am Sep 7, 2007 9:51am
Quoting karmostaji
seems 230.50 gave way, 239.30 is our next stop but there might be possible retrace to 230.50 next 1hr candle

you mean

230.50 -> 229.3

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  • #23,051
  • Sep 7, 2007 9:51am Sep 7, 2007 9:51am
Quoting intelmaster
u mean "229.30" is our next stop?
duh lol, sorry for the typo
Trade what you see, not what you think.
  • #23,052
  • Sep 7, 2007 9:51am Sep 7, 2007 9:51am
Aussie & Karmo . . . Isn't your 4hr chart setting up for a nice fall down to 226.50 ish . . . . . Am I reading this right????? R u guys short yet???? or r u waiting to go long????
  • #23,053
  • Sep 7, 2007 9:52am Sep 7, 2007 9:52am
Quoting Richardj
I made two predictions: My main prediction was that I said that I believed that GJ would drop to 231.70 area 'pretty soon'. That prediction was correct.

I also said that I thought it would go there, before your 235.50 target. That prediction was wrong.

What you need to understand, B2B, is that - as I said in that posting - my trading is focussed around the DESTINATION of a pair (because, as I said, I"m lousy at predicting the course that it will take to that destination, but I'm pretty good at predicting the destination.

For that reason, it didn't really matter for me that it rose to your target of 235.50 - because I simply suffered the temporary losses, and sold again around that level. Thus, when price action goes against my expection of the route price takes to my target destination (as it did on that occasion, and as it often does) it isn't bad news, really - because I simply retain my short, sell again, and make profits en route to the destination.

Do you see the point?
I don't have a problem with how you trade, Richard. But be honest, you basically trashed the concept of technical trading in favor of your wind current approach. My only concern is how you affect other newer traders in this thread. You used to post charts to explain your approach. At least that gives people a visual so they can decide whether you're right or wrong based upon what they see, not just on what you say. Please don't forget that everything you say on a thread like this could be affecting newer traders who are looking for direction. Enough said. Good pippin' to ya.

M2B
  • #23,054
  • Sep 7, 2007 9:52am Sep 7, 2007 9:52am
I'll grab some more on the 230.00 bounce. If there is one:surprised .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #23,055
  • Sep 7, 2007 9:53am Sep 7, 2007 9:53am
Boy those were the days . . . days when Markam was HAPPY HAPPY HAPPY!

DJI 13159
-203
10:50 EST

Only kidding Markam! Best Regards! :-)
  • #23,056
  • Sep 7, 2007 9:54am Sep 7, 2007 9:54am
..........into 229 now. I ,sure, am enjoying the ride

But i am very poor at exiting...

What are ur views on exiting today and and what levels do u get in with more lots??
  • #23,057
  • Sep 7, 2007 9:55am Sep 7, 2007 9:55am
i expect a retraco to 230.50 too
  • #23,058
  • Sep 7, 2007 9:55am Sep 7, 2007 9:55am
Quoting digitizer123
Aussie & Karmo . . . Isn't your 4hr chart setting up for a nice fall down to 226.50 ish . . . . . Am I reading this right????? R u guys short yet???? or r u waiting to go long????
bro.. tell me you are not serious.. Of cause we are short..
  • #23,059
  • Sep 7, 2007 9:56am Sep 7, 2007 9:56am
Quoting sri
..........into 229 now. I ,sure, am enjoying the ride

But i am very poor at exiting...

What are ur views on exiting today and and what levels do u get in with more lots??

Don't be greedy. Just take what makes you happy. Don't mind leaving some on the table..good trade to you.....

kingmaker
  • #23,060
  • Sep 7, 2007 9:56am Sep 7, 2007 9:56am
When I posted my weekly analysis and said GJ will fall this week, somebody said that candlestick formation is not valid or something of that sort..


I guess it does work if you know what you're talking about, simple trading
Trade what you see, not what you think.
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