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

  • #40,041
  • Oct 15, 2007 2:15pm Oct 15, 2007 2:15pm
Quoting auslanco
I dont take trades on 4hr and Daily trends. I trade 100-200 pip session swings. Unless you are a swing trader it's a joke to determine the trend from 1hr upwards charts for this pair. I only refer to the Momentums of higher TF and mostly trade on 30min and 15min charts. On my 30min the trend is turning bearish. That tells me in Tokyo and London there will be a considerable bearish move.

If I trade on 4hr charts , since 24th Sept the trend was clearly bullish. I would have missed 500+pips of clean bearish moves during this whole time..
Therefor any day trader should only look at the trend of 1hr and below.
I feel ya, honestly I do. I trade both ways and the 1hr is kind of like my pivot TF. I'll take intraday shorts, but I always keep the larger picture in mind, otherwise, you can get caught holding shorts that you might not be able to get rid of. Like I said, I had a nice short trade this morning, but I'm long again now because I believe we're ready to make the next leg up before a huge leg down.
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  • #40,042
  • Oct 15, 2007 2:15pm Oct 15, 2007 2:15pm
It's 3.15AM here. I'll see you guys when Tokyo starts.
  • #40,043
  • Oct 15, 2007 2:17pm Oct 15, 2007 2:17pm
Quoting lhovan49
I use Neuimex out of Germany. Another broker
Got it, Thanks
  • #40,044
  • Oct 15, 2007 2:20pm Oct 15, 2007 2:20pm
Quoting Geppy
I feel ya, honestly I do. I trade both ways and the 1hr is kind of like my pivot TF. I'll take intraday shorts, but I always keep the larger picture in mind, otherwise, you can get caught holding shorts that you might not be able to get rid of. Like I said, I had a nice short trade this morning, but I'm long again now because I believe we're ready to make the next leg up before a huge leg down.

which currency pair you talking about?
  • #40,045
  • Oct 15, 2007 2:24pm Oct 15, 2007 2:24pm
Quoting Geppy
I think bad money management is holding shorts that are hundreds of pips against you, but that's just my opinion now isn't it?
Hundreds of pips against is not necessarily a big problem assuming risk to reward is still decent with a reasonable probability of success. It normally just means it's a longer term trade.
  • #40,046
  • Oct 15, 2007 2:26pm Oct 15, 2007 2:26pm
Anybody noticed Greenspan is currently speaking? Did u notice this pair move?
  • #40,047
  • Oct 15, 2007 2:28pm Oct 15, 2007 2:28pm
Quoting mike999
which currency pair you talking about?

G/J
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  • #40,048
  • Oct 15, 2007 2:29pm Oct 15, 2007 2:29pm
Quoting mktjong
Anybody noticed Greenspan is currently speaking? Did u notice this pair move?
what is he saying? talking about his book?
Trade what you see, not what you think.
  • #40,049
  • Oct 15, 2007 2:29pm Oct 15, 2007 2:29pm
Quoting Zoran
This was posted about 3 hours ago so it could be ripe for a fall.
  • #40,050
  • Oct 15, 2007 2:36pm Oct 15, 2007 2:36pm
Quoting karmostaji
I think they'll both go down together after UJ stalls (seems like it has), but I could be wrong.


yeah that range we are still in, but I might like to see a move down towards the lower end of the range.
still waiting for this to happen
Trade what you see, not what you think.
  • #40,051
  • Oct 15, 2007 2:37pm Oct 15, 2007 2:37pm
(RTTNews) - Greenspan - "Fairly Apparent" Credit Crunch will slow down US Economy.For comments and feedback: contact [email protected](c) 2007 RealTimeTraders.com, Inc. All Rights Reserved

(RTTNews) - Greenspan - US Export Demand has been "Extraordinary".For comments and feedback: contact [email protected](c) 2007 RealTimeTraders.com, Inc. All Rights Reserved

(RTTNews) - Greenspan - "We haven''t seen the worst of Housing".For comments and feedback: contact [email protected](c) 2007 RealTimeTraders.com, Inc. All Rights Reserved
  • #40,052
  • Oct 15, 2007 3:06pm Oct 15, 2007 3:06pm
i see short signal in 15 m strategy, is that right?
  • #40,053
  • Oct 15, 2007 3:28pm Oct 15, 2007 3:28pm
Quoting aisyah
i see short signal in 15 m strategy, is that right?
I see a long at that time
Losers Complain, Winners Train! Utah
  • #40,054
  • Oct 15, 2007 3:31pm Oct 15, 2007 3:31pm
My longs are lookin' delicious right now. Anyone else thinking the same as me or am I alone on this?
check out my blog: forexmademillionaire dot com
  • #40,055
  • Oct 15, 2007 3:33pm Oct 15, 2007 3:33pm
Quoting Geppy
My longs are lookin' delicious right now. Anyone else thinking the same as me or am I alone on this?

I'm waiting it out.
  • #40,056
  • Oct 15, 2007 3:33pm Oct 15, 2007 3:33pm
Quoting Geppy
My longs are lookin' delicious right now. Anyone else thinking the same as me or am I alone on this?
What do you think Geppy? Are you alone?
  • #40,057
  • Oct 15, 2007 3:34pm Oct 15, 2007 3:34pm
Quoting PipChick
What do you think Geppy? Are you alone?

Not as long as you're here
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  • #40,058
  • Oct 15, 2007 3:35pm Oct 15, 2007 3:35pm
Quoting Geppy
Not as long as you're here
Right
  • #40,059
  • Oct 15, 2007 3:38pm Oct 15, 2007 3:38pm
Quoting mrroboto
My time analysis isn't very good unfortunately. We need some Gann people in here.
  • #40,060
  • Oct 15, 2007 3:39pm Oct 15, 2007 3:39pm
Quoting PipChick
Right
I will continue to buy dips because of the uptrend AND the inverse h/s on the daily where the rt shoulder is sitting on the 61.8 fib of the move down from 251.00 area. When the price gets to 241.50 I will exit what longs Ihave left and wait for a break. After the break, I will let it retrace back to 241.50 then buy a dip. If the 241.50 is not breached with 2 or 3 attempts on the 1 hr chart, I will set shorts.
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