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

  • #30,641
  • Sep 20, 2007 10:42pm Sep 20, 2007 10:42pm
Quoting karmostaji
Just woke up to see 1 SL got hit
Looser: join the club
  • #30,642
  • Sep 20, 2007 10:43pm Sep 20, 2007 10:43pm
Quoting auslanco
Price is still above and bouncing off the the daily Pivot 230.70 for the last 30 mins.. if it breaks and forms a 1hr or 30min bar.. below that level.. 228 is back in action..
Currently it's 70%bearish, and looks good.

aus-- ill be sending u my cell number --if its ok w u?
if and when i come to perth--we should definately hook up !
  • #30,643
  • Sep 20, 2007 10:44pm Sep 20, 2007 10:44pm
we are at a very critical elevl---might bounce back up 20-40 pips
this is the levelk i was talking about earlier---be careful

bbl--seeing patients
  • #30,644
  • Sep 20, 2007 10:44pm Sep 20, 2007 10:44pm
Quoting Hakuna Matata
aus-- ill be sending u my cell number --if its ok w u?
if and when i come to perth--we should definately hook up !
definitely bro
  • #30,645
  • Sep 20, 2007 10:47pm Sep 20, 2007 10:47pm
Quoting Hakuna Matata
bro --i was wondering where u are?
wanted to make u aware of the price near your s/l--and to alert u to remove it actually---coz my system had shown a major R and very proabable reversl at 231.50
nxt time ill phone u
I actually moved my SL 50 pips higher and it just barely touched it and then fell LOL, it's annoying but whatever.. I'll make up for it. thanks bro
Trade what you see, not what you think.
  • #30,646
  • Sep 20, 2007 10:48pm Sep 20, 2007 10:48pm
if 30m/1h candle closes below 230.50, that's a great sign for the bears otherwise.... i will punch the screen
Trade what you see, not what you think.
  • #30,647
  • Sep 20, 2007 10:58pm Sep 20, 2007 10:58pm
Quoting RookieJookie
My question is, should I let my trade run without putting a SL and TP modestly at 229.92 even though some of the forummers here have indicated that it will go lower.

I know not putting SL is the first "sin" but knowing how the GBPJPY moves, sometimes it stops you out just barely before going into your direction.
I am just a rookie, like you, but after trading GJ for almost a year, I know enough to never walk away from it without a stop, or close out my position. Do you want to wake up one morning and find that you're down $1200 on one .25 lot? I have. Use a trailing stop, or once you're in profit by 50-75 pips, set your stop to a few pips better than B/E. Then you can walk away knowing you can't lose.

The dragon's tail thrashes like a whip, often when you're not looking. I have lost so much doing what you're wanting to do. These great traders in here are teaching me how to trade, and to manage money. GJ is not like any other pair. You can lose 50% to 60% of your account in 10 minutes if you're not careful. Been der, done dat.

Take care of your assets. They're hard to make, and so easy to lose. Wishing you all the best.

-- Abacus
_______________ Here 2 Learn
  • #30,648
  • Sep 20, 2007 10:58pm Sep 20, 2007 10:58pm
Short @ 230.70 TP1 229.28( S1-Tokyo) TP2 228.01(S2- Tokyo)

SL 231.70
  • #30,649
  • Sep 20, 2007 11:01pm Sep 20, 2007 11:01pm
been holding short from 229.95 all day .. think its time to cut my losses and close it
  • #30,650
  • Sep 20, 2007 11:04pm Sep 20, 2007 11:04pm
Quoting Hakuna Matata
we are at a very critical elevl---might bounce back up 20-40 pips
this is the levelk i was talking about earlier---be careful

bbl--seeing patients


just as expected !

damn
  • #30,651
  • Sep 20, 2007 11:05pm Sep 20, 2007 11:05pm
japan's Pm Candidate Fukuda: Rise In Taxes "unavoidable"
<ewj>
  • #30,652
  • Sep 20, 2007 11:06pm Sep 20, 2007 11:06pm
1hr momentum is very bearish, have no worries of this spike
Trade what you see, not what you think.
  • #30,653
  • Sep 20, 2007 11:06pm Sep 20, 2007 11:06pm
Are you shorting too, Karmo?
  • #30,654
  • Sep 20, 2007 11:08pm Sep 20, 2007 11:08pm
Quoting Abacus
I am just a rookie, like you, but after trading GJ for almost a year, I know enough to never walk away from it without a stop, or close out my position. Do you want to wake up one morning and find that you're down $1200 on one .25 lot? I have. Use a trailing stop, or once you're in profit by 50-75 pips, set your stop to a few pips better than B/E. Then you can walk away knowing you can't lose.

The dragon's tail thrashes like a whip, often when you're not looking. I have lost so much doing what you're wanting to do. These great traders in here are teaching me how to trade, and to manage money. GJ is not like any other pair. You can lose 50% to 60% of your account in 10 minutes if you're not careful. Been der, done dat.

Take care of your assets. They're hard to make, and so easy to lose. Wishing you all the best.

-- Abacus
Thanks Abacus and Scott. Was stopped out for one lot at +20, so deciding on the next SL for my last lot.

I went to pee just now and was +7 and when I came out +35 (and no, I don't pee too long)
May the Pips be with You Let's Pimp some Pips!
  • #30,655
  • Sep 20, 2007 11:08pm Sep 20, 2007 11:08pm
hi every body
short at 230.98
  • #30,656
  • Sep 20, 2007 11:08pm Sep 20, 2007 11:08pm
Quoting happy_always20
Are you shorting too, Karmo?
Yep I'm short from 230.84, TP 228.40
Trade what you see, not what you think.
  • #30,657
  • Sep 20, 2007 11:09pm Sep 20, 2007 11:09pm
Quoting Hakuna Matata
just as expected !

damn
Great bro
  • #30,658
  • Sep 20, 2007 11:09pm Sep 20, 2007 11:09pm
what a spike
we need a close below that 50level--then it will be a smooth ride down---cmon g/j !
  • #30,659
  • Sep 20, 2007 11:09pm Sep 20, 2007 11:09pm
Quoting karmostaji
if 30m/1h candle closes below 230.50, that's a great sign for the bears otherwise.... i will punch the screen
morning to u all
hi karmo ... if u plz till me how you calculate your target
I have the same number for my target today 228.38
If you count on hope in any trade ……. Get out of it
  • #30,660
  • Sep 20, 2007 11:10pm Sep 20, 2007 11:10pm
Quoting auslanco
Great bro

aus--i was planning to scalp a long there but was stuck with patients
ah well-nxt time
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