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

  • #34,561
  • Sep 30, 2007 7:43pm Sep 30, 2007 7:43pm
Quoting auslanco
Me Long at 234.25 TP236.45 SL 234.65
You moved your SL to 234.25 (profit range)?
  • #34,562
  • Sep 30, 2007 8:10pm Sep 30, 2007 8:10pm
Quoting sycho
aus am loosin big....my equity down to 154.....wat do u giv as u opinion/advice rite now.......am really sunk plzzz reply urgent
I would take a deep breath and try not to get panic. If you lose, you lose. It's not the end of the world but it's only your $ , not mine.

Anyhow, I would pray and look at the chart to see whether I can manage to lose less. Aus has given you some numbers that the pair could retrace too and from time to time, check the Nikkei, GU and UJ...

Good thing for you is that even with the good news on Tankan survey, the Japanese traders seem not really excited. In fact, the Nikkei has gone down from +95 to +36 to 86..not really much..

For GU, fxcm analyst thinks that it may reverse (look at the chart MOMs on H4 and H1 are downward) QQE 30min and 15 min cross down.

For UJ, both QQE H4 and H1 cross down (bearish)...but QQE 30 min and 15 cross up...UJ may not move up very far...

Both GU and UJ appear to be slighly up or remain neutral...and NIKKEI so far is quite neutral.., thus neutral influence on GJ..

For GJ itself, it has not gone up much since last Friday. Thus GJ may not go very far until the European session...At this point, it is a fair game...the pair may go down if it hit strong resistance or go up if it could break it...You may have a fair chance to get out with less loss..

Good luck to you. This is a good lesson on MM..you gain experience...it is not a loss after all ..br
  • #34,563
  • Sep 30, 2007 8:14pm Sep 30, 2007 8:14pm
Hey, I hear you about the repetitive question thing. I know I've probably asked a couple questions that you've already answered. Very cool about the Manager thing, can't wait to see it!

Koko


Quoting auslanco
Yehh.. I'm studying for my masters. It will be full on . I just want to cut down the hours I spend on this forum answering repetitive questions . The idea is when a trade pops up on your demo account, people can check their strategy indicators and see why I took that trade etc.
Please don't hate me 'cause I'm noobiful.
  • #34,564
  • Sep 30, 2007 8:17pm Sep 30, 2007 8:17pm
Quoting auslanco
Me Long at 234.25 TP236.45 SL 233.65
is this a pending order or an instant one? if it is the later then how come the entry price is 234.25? Am I looking at the wrong chart as it is still early morning here?
  • #34,565
  • Sep 30, 2007 8:19pm Sep 30, 2007 8:19pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Aus

thanks for everything.
I am closing my long position which I opened on Friday @234.72
Will see you all in the morning..
getting sleep..........
Attached Image
All things are difficult before they are easy.
  • #34,566
  • Sep 30, 2007 8:21pm Sep 30, 2007 8:21pm
Quoting monarza
You moved your SL to 234.25 (profit range)?
My entry was at 235.25

SL 234.50 Brought it down by 15 pips. (as Glenn also confirmed I see some support at 234.60 area)
TP 236.45

I will be back at Frankfurt-London
  • #34,567
  • Sep 30, 2007 8:25pm Sep 30, 2007 8:25pm
Quoting koko93s
Hey, I hear you about the repetitive question thing. I know I've probably asked a couple questions that you've already answered. Very cool about the Manager thing, can't wait to see it!

Koko
FXmanager will be up and running by Thursday. It's strictly for demo accounts only. I will post the details on the 15min strategy thread when it's done.
  • #34,568
  • Sep 30, 2007 8:35pm Sep 30, 2007 8:35pm
Quoting auslanco
My entry was at 235.25

SL 234.50 Brought it down by 15 pips. (as Glenn also confirmed I see some support at 234.60 area)
TP 236.45

I will be back at Frankfurt-London
erkkk....now, your entry was 235.25 (LONG)? wow, that is too high i think
  • #34,569
  • Sep 30, 2007 8:35pm Sep 30, 2007 8:35pm
Hi all Just another newb here : Really respect you all High risk taker huh! but still... high profit possibility Starting to love this pair to trade on!!! All the best to all Brave Hearted Traders here

To fellow traders from Malaysia... hmmm... i can see kimi and budak baru here... and I am sure there are more... SALAM PERKENALAN... Perhaps we should meet up someday to trade together.

One more thing... does anyone try LITEFOREX.ORG before? Juz asking... I just wanna make sure it is not another scam company.
Made In Malaysia
  • #34,570
  • Sep 30, 2007 8:50pm Sep 30, 2007 8:50pm
Quoting monarza
erkkk....now, your entry was 235.25 (LONG)? wow, that is too high i think
Yehh I have heard that many times before
  • #34,571
  • Sep 30, 2007 9:04pm Sep 30, 2007 9:04pm
Quoting auslanco
My entry was at 235.25

SL 234.50 Brought it down by 15 pips. (as Glenn also confirmed I see some support at 234.60 area)
TP 236.45

I will be back at Frankfurt-London
Hi aus, i don't see any signal on 15 min strat, any other indication present?
  • #34,572
  • Sep 30, 2007 9:04pm Sep 30, 2007 9:04pm
damn,stopped out I hate when that happens
  • #34,573
  • Sep 30, 2007 9:05pm Sep 30, 2007 9:05pm
Quoting gtt
Hi aus, i don't see any signal on 15 min strat, any other indication present?
I bought when QQE5 crossed upwards. QQE60 was already up.
  • #34,574
  • Sep 30, 2007 9:09pm Sep 30, 2007 9:09pm
Quoting auslanco
Applied Finance. It's a major in financial markets covering Futures,Securities,options,Forex etc
This is great! Auslanco. Will it be a 18 month or 2-year programme? It is nice to study in the area that you like and are obviously good at. Best wishes to you, Aus. I am very happy to hear the news. BR
  • #34,575
  • Sep 30, 2007 9:15pm Sep 30, 2007 9:15pm
Quoting monarch
Do you expect the JPY news to move us down directly here?

There is a Resistance at 235.49 above that may want some attention prior to a move down, but this may be less likely with the stable JPY news that was just released.

I am watching the G/J, but only take E/J trades, which usually likes to tag along the way. LOL.

Ken
Well G/J moved up towards this resistance while I was out this evening, rising still towards 235.49, will be watching this area here prior to Frankfurt and London open times.
  • #34,576
  • Sep 30, 2007 9:24pm Sep 30, 2007 9:24pm
Quoting bluerose
This is great! Auslanco. Will it be a 18 month or 2-year programme? It is nice to study in the area that you like and are obviously good at. Best wishes to you, Aus. I am very happy to hear the news. BR
It's a 18month Full time programme. I got 5 years to finish it in PT. Since I'm not the academically smartest kid on the block and this is the highest financial qualification available in this field, I'm pretty sure it will take the full 5 years to complete.

Finally I get to do something I really love doing. My undergraduate was in Marketing/Sales and I just did it to make my old man happy.
  • #34,577
  • Sep 30, 2007 9:27pm Sep 30, 2007 9:27pm
Quoting monarch
Well G/J moved up towards this resistance while I was out this evening, rising still towards 235.49, will be watching this area here prior to Frankfurt and London open times.
Hi Monarch.. I'm expecting a pull back towards 234.80 area during Frankfurt before London may push up break that level.
  • #34,578
  • Sep 30, 2007 9:27pm Sep 30, 2007 9:27pm
Quoting auslanco
I bought when QQE5 crossed upwards. QQE60 was already up.
Thanks for clarification. Appreciate it, and have a blast in your master's study.

There's a talk of Jap margin traders are back on carry trades, which is raising a question on "Fall back is due". This week, Australia and GB has their interest rate statement, gonna be a uber-volatile week. Also Aud/jpy has the largest rollover on the long positions(on my broker at least), slower than the gbp/jpy but for those want safe alternative you should check it out. Today NZD/usd seems to be super bullish.

Ok, enough of distraction, read a point that successful guys follow just a couple of pairs and eat, sleep with them
  • #34,579
  • Sep 30, 2007 9:34pm Sep 30, 2007 9:34pm
US) THE CIO OF THE TCW GROUP SEES US HOME PRICES FALLING AN AVG OF 12%-15% ANNUALLY FROM THE HIGHS ACHIEVED LAST YR - BARRONS
- Does not expect house prices to reach their trough until late 2008 and they may not start to recover until 2010 or 2011.
  • #34,580
  • Sep 30, 2007 9:35pm Sep 30, 2007 9:35pm
(US) BARRONS COMMENTS ON THE SIMILARITIES BETWEEN THE CURRENT EQUITY MARKET AND STOCK MARKETS IN 1987 - BARRONS
- 1987 was also the 5th yr of a bull market and also the penultimate year of a two-term Republican presidency.
- Further similarities include pressure on the USD during both periods and growing trade tensions between the US and Asian nations.
- 1987 also saw a sharp rise in LBO activity and a summer equities sell-off.
- The difference between now and 1987 is that stocks are cheaper today and interest rates are much lower.
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