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

  • #43,341
  • Oct 23, 2007 2:21pm Oct 23, 2007 2:21pm
Almost no trade at that time...
Why is that so?
Learn Hard, Not The "hard way" !
  • #43,342
  • Oct 23, 2007 2:23pm Oct 23, 2007 2:23pm
Quoting bluerose
Well-said! Pips_Cruiser! I saw that you have changed your mode of travelling from cruising by car to sailing . I bet that thousand pips have been raining on you. Congratulations!

Anyhow, I hope that you do not mind my red font in quoting you. I also enjoy M2B's analysis tremendously. However, I wonder why that the old thread is for analysis but it seems that many competent analysts like to go to this thread for newbies .

Just my 2 (Canadian) cents worth. Happy Trading to You all! BR
Hi BR! This thread has gained several great analysts, and I think that's a positive. But we could all use a reminder now and then of our origins, and to keep an open heart for new traders.

  • #43,343
  • Oct 23, 2007 2:27pm Oct 23, 2007 2:27pm
I'm going to wait for a good entry point. In the mean time, has anyone seen this?

Inserted Video


LOL
  • #43,344
  • Oct 23, 2007 2:28pm Oct 23, 2007 2:28pm
Quoting imfphobia
just remember that you was one of those newbies one day , it is really weird that some people forgot who was they ........
Hi, IMFphobia . What a nick! You don't like the IMF , no doubt! Anyhow, don't get me wrong! I love newbies and always be a newbie. IMHO, learning is a never ending process. That's why we have the so-called executive seminars for seniors to learn, instead of calling it as upgrading their skills (so not to offend the biggies).

Perhaps you know that FF has a page for analysis per se @ http://www.forexfactory.com/showthread.php?t=16691 . Nonetheless, only few people post their analysis there. Meanwhile, some great analysts come to this newbie's thread and scaring them off by lashing out at them from time to time. It is not very good for newbies' moral to learn. That's why I was a little bit concerned. If only caring, competent, and cool analysts go to newbies' threads and mentor them, it would be great! I hope this thread will continue to be populated with kind mentors. I am actually very tired with verbal (written) assault on anyone, but on newbies, it is much harder as they are trying to learn from the beginning. Let's be kind and respectful to one another. Cheers. BR
  • #43,345
  • Oct 23, 2007 2:28pm Oct 23, 2007 2:28pm
Quoting Pips_Cruiser
Hi BR! This thread has gained several great analysts, and I think that's a positive. But we could all use a reminder now and then of our origins, and to keep an open heart for new traders.

Remembering my early grueling days in this mkt keeps me very humble. I have a soft spot for noobs..lol The only difference between a future successful trader and one who leaves the market eventually, is diligence and a desire to learn and willingness to work harder than anyone else. The actual trading part will come.
  • #43,346
  • Oct 23, 2007 2:31pm Oct 23, 2007 2:31pm
So i will probably take profits in a few min and wait for it to come back to 235.10 and do it all over again until the NL finally breaks.Or at least scale out and book some profits then mover stop to BE or +10.
  • #43,347
  • Oct 23, 2007 2:37pm Oct 23, 2007 2:37pm
If it drops from here, we might have double top.
Do not follow my trades. Trade what you see on your own charts.
  • #43,348
  • Oct 23, 2007 2:37pm Oct 23, 2007 2:37pm
Closed long from 235.10 for +54...... not bad ;o)
  • #43,349
  • Oct 23, 2007 2:40pm Oct 23, 2007 2:40pm
Quoting GFI
Closed long from 235.10 for +54...... not bad ;o)
It retested previous today's high and I would go short from here... On the other hand I need more confirmation.
Do not follow my trades. Trade what you see on your own charts.
  • #43,350
  • Oct 23, 2007 2:40pm Oct 23, 2007 2:40pm
Quoting igmak
If it drops from here, we might have double top.
isn't it triple tops?
  • #43,351
  • Oct 23, 2007 2:41pm Oct 23, 2007 2:41pm
Quoting saed
isn't it triple tops?
where did you see the third top? :surprised
Do not follow my trades. Trade what you see on your own charts.
  • #43,352
  • Oct 23, 2007 2:45pm Oct 23, 2007 2:45pm
Quoting uncleforex
We might see DJI closed lower today. Slightly lower I guess.
DOW almost +100 points up.... Do you still think it will dive?
Do not follow my trades. Trade what you see on your own charts.
  • #43,353
  • Oct 23, 2007 2:51pm Oct 23, 2007 2:51pm
Need confirmation on 4hr Momentum. We had 1hr EMA(200) strong resistance @ 235.89.
Do not follow my trades. Trade what you see on your own charts.
  • #43,354
  • Oct 23, 2007 2:51pm Oct 23, 2007 2:51pm
Looks like the price wants to retest the fib 23.6% line at around 238.10ish sometime today
  • #43,355
  • Oct 23, 2007 2:56pm Oct 23, 2007 2:56pm
Quoting mktjong
Looks like the price wants to retest the fib 23.6% line at around 238.10ish sometime today
We have strong resistance on 1hr EMA(200) & fib 38.2 @ same 235.89
Do not follow my trades. Trade what you see on your own charts.
  • #43,356
  • Oct 23, 2007 3:01pm Oct 23, 2007 3:01pm
Quoting igmak
We have strong resistance on 1hr EMA(200) & fib 38.2 @ same 235.89
It would be broken soon and easy .. (I would say), once this resistance breaks we would likely see the target I mentioned above.
  • #43,357
  • Oct 23, 2007 3:11pm Oct 23, 2007 3:11pm
Quoting my2buoys
I don't know how 'popular' I am here and don't really care. My goal is to educate and be educated, without offending in the process.
M2B
If the number of private messages is any indication, others have found you quite offensive. I, however, don't consider you offensive, just deceived by your own sense of self importance.
  • #43,358
  • Oct 23, 2007 3:11pm Oct 23, 2007 3:11pm
Quoting mktjong
It would be broken soon and easy .. (I would say), once this resistance breaks we would likely see the target I mentioned above.

Sorry but I need an explanation as to why you think it will go that high. Thank you Nik
  • #43,359
  • Oct 23, 2007 3:18pm Oct 23, 2007 3:18pm
looks like price action woke up karmo from his sleep!

hee.. welcome back karm!!
  • #43,360
  • Oct 23, 2007 3:21pm Oct 23, 2007 3:21pm
The nap was good, but I'm feeling worse..

I'm holding onto my shorts, for a couple of reasons:

1. 1h QQE is getting close to overbought area, indicates a good 200 pips retracement.

2. The hourly chart is just screaming to me 'SHORT SHORT SHORT' lol

so, I'm sticking with my plan and also we have a new VT daily momentum in 40 mins.
Trade what you see, not what you think.
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