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

  • #35,981
  • Oct 2, 2007 9:31pm Oct 2, 2007 9:31pm
Homebuilder Stocks Rally on Hopes of Market Bottom

Link: http://www.cnbc.com/id/21100195
  • #35,982
  • Oct 2, 2007 9:33pm Oct 2, 2007 9:33pm
Quoting fourxtrader
Following no particular system... just watching the hourly candlestick
formations and a lower support trendline from 232.35 - 234.92 - [235.89]

Four consecutive hourly candles visited / rested near the 50% fib @
235.87
235.89
235.87
235.89

Appeared to be valid signals to go long.

Now we've touched an upper trendline formed from 237.06 - 236.76 - [236.57]
so I exited at 236.52
Excellent job, my Friend! You deserved every one of those pips.

M2B
  • #35,983
  • Oct 2, 2007 9:35pm Oct 2, 2007 9:35pm
Quoting moneymagnet
WHAT!!! You mean people actually have to think HERE!!! No way dude! This isn't fair!!!
Attached Image (click to enlarge)
Click to Enlarge Name: crying 3.jpg Size: 81 KB
  • #35,984
  • Oct 2, 2007 9:37pm Oct 2, 2007 9:37pm
TL break, IMO i believe it will move further . TP session R1
  • #35,985
  • Oct 2, 2007 9:37pm Oct 2, 2007 9:37pm
Quoting Mysticdiver
I have 2 open long positions now, TP1 23635, TP2 23650
Both TPs hit.

Will wait for London session now.
  • #35,986
  • Oct 2, 2007 9:38pm Oct 2, 2007 9:38pm
Quoting monarch
I agree 100%, never follow because that will never teach you how to trade, only teaches to be lazy.

I placed smaller lots on these two losses, but will recoup them here by London open for sure with my larger type scalps.

I am one to try different strategies for the fun of it, but when it comes to making my living, I stick to what I do, and those trades are funner then fun.

Thanks for the kind words S.

Ken
ok I looked in the dictionary,funner is not a word.Stick to what you do best scalping the pound on a five minute chart and give up the saturday nite scrabble
  • #35,987
  • Oct 2, 2007 9:39pm Oct 2, 2007 9:39pm

word of wisdom

Quoting monarch
I agree 100%, never follow because that will never teach you how to trade, only teaches to be lazy.

Quoting monarch

I placed smaller lots on these two losses, but will recoup them here by London open for sure with my larger type scalps.

I am one to try different strategies for the fun of it, but when it comes to making my living, I stick to what I do, and those trades are funner then fun.

Thanks for the kind words S.

Ken
"Analysis Is Hard But Trade Is Easy"
  • #35,988
  • Oct 2, 2007 9:39pm Oct 2, 2007 9:39pm
Currency Funds Posted Biggest Losses in Two Years, Index Shows


http://www.bloomberg.com/apps/news?p...currency_rates
  • #35,989
  • Oct 2, 2007 9:41pm Oct 2, 2007 9:41pm
This is still, and has been a bullish trend since Sep 25.. In the absence of any major bank collapse or cataclysmic report, this will just drive up.

In my opinion, again, this is going to move upward - or range till the BoE decision. I don't see any massive downfalls .. today's Asian dip was just due to Uridashi redemptions (although they were related to NZD/JPY and AUD/JPY.. they most likely dragged all the cross JPY pairs down as well)

I was waiting for a further dip to go long, but that dip never happened. Now I'll just wait and see if that happens during the London session.
  • #35,990
  • Oct 2, 2007 9:42pm Oct 2, 2007 9:42pm
Waiting On A Close Above This Tl.
Attached Image
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #35,991
  • Oct 2, 2007 9:43pm Oct 2, 2007 9:43pm
Quoting mktjong
Homebuilder Stocks Rally on Hopes of Market Bottom

Link: http://www.cnbc.com/id/21100195
Funny isn't it? Markets move on expectations.. not reality. DOW will keep going up till it realizes "Hey wait, the recovery never came.. and doesn't look like it will happen"

If and when that reality hits, it's not going to be a pretty day for stocks/carry trades.
  • #35,992
  • Oct 2, 2007 9:44pm Oct 2, 2007 9:44pm
Quoting mktjong
Ok, I am in long @236.49 go for 40-50 pips
On the Ichmoku 15 GJ, there was a candle close above the cloud area on the last 15 min candle, was that your signal to Long there M?

Thanks, just like watching all the different strategies on the thread.

ken
  • #35,993
  • Oct 2, 2007 9:44pm Oct 2, 2007 9:44pm
Quoting fourxtrader
Following no particular system... just watching the hourly candlestick
formations and a lower support trendline from 232.35 - 234.92 - [235.89]

Four consecutive hourly candles visited / rested near the 50% fib @
235.87
235.89
235.87
235.89

Appeared to be valid signals to go long.

Now we've touched an upper trendline formed from 237.06 - 236.76 - [236.60]
so I exited at 236.52

well planned bro
  • #35,994
  • Oct 2, 2007 9:45pm Oct 2, 2007 9:45pm
Quoting monarch
Okay, that was fun, my first trade and it was of course a loser.

So everyone blame me, I jump in on the fun and this happens. LOL

Will review this strategy a little more this week in preparation to the upcoming week.

Update: GJ loss -38 pips / EJ loss -30 pips (my worst loss in over two months - I have lots too learn with trading) LOL
Monarch: It is great record..Only 68 pips in 2 months..I'm impressed..

Blame the Australians...they shop too much...BR
  • #35,995
  • Oct 2, 2007 9:45pm Oct 2, 2007 9:45pm
Quoting 59fender
should drop right back to 235.25 nice place to short right here

This would be the furthest level I would enter a long at with a stop below 234.60. Out of curiousity what are you basing this prediction on?

Thanks dude!

Us bulls gotta stick show some support to each other http://www.forexfactory.com/images/icons/icon12.gif
  • #35,996
  • Oct 2, 2007 9:47pm Oct 2, 2007 9:47pm
Quoting 59fender
ok I looked in the dictionary,funner is not a word.Stick to what you do best scalping the pound on a five minute chart and give up the saturday nite scrabble
Who said it has to be a traditional dictionary, I beg the differ with you. LOL

http://www.urbandictionary.com/define.php?term=funner
  • #35,997
  • Oct 2, 2007 9:49pm Oct 2, 2007 9:49pm
Quoting my2buoys
Excellent job, my Friend! You deserved every one of those pips.

M2B

The amazing thing about this thread is the compilation of minds, trading
skills and dispositions that together strengthen Aus's strategy.

Who hasn't gained from the added perspectives on TL's and candlestick
analysis you've shared, or Karmo's fibs, TL's and patience, and Zoran's
extended chart projections, H.K.'s variations in ma's, Markam's fundies
and on and on.

I was 'dumbed down' with the 4XME trend software and now am having fun
with a multiplicity of tools that make trading far more meaningful and
consistent. I still use the trend recognition charts in much the same
way as is offered with the VT indicators taught by Aus.
  • #35,998
  • Oct 2, 2007 9:50pm Oct 2, 2007 9:50pm
Quoting bluerose
Monarch: It is great record..Only 68 pips in 2 months..I'm impressed..

Blame the Australians...they shop too much...BR
Actually the worse trade in two months, I lose occassionally, like yesterday, I entered a trade when my platform had a glich, I was up 12 pips automatically, but when I tried to close the trade I lost 1/2 of a pip, that is my worst loss in over (around two weeks give or take).

Before that, losses range in the -7 pips or less usually.

Scalpers don't have much room for error, so the stops are manually and real tight for protection.

Much easier to re-gain a small loss then letting it go for 10 or more on a single trade.
  • #35,999
  • Oct 2, 2007 9:51pm Oct 2, 2007 9:51pm
Quoting monarch
Who said it has to be a traditional dictionary, I beg the differ with you. LOL

http://www.urbandictionary.com/define.php?term=funner

lol
  • #36,000
  • Oct 2, 2007 9:53pm Oct 2, 2007 9:53pm
Quoting monarch
On the Ichmoku 15 GJ, there was a candle close above the cloud area on the last 15 min candle, was that your signal to Long there M?

Thanks, just like watching all the different strategies on the thread.

ken
Exactly, it is even better with supported 15min qqe(60)
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