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

see yall at 10pmest

@ALL

how do people lose money with guys like you all around?
this is the best thing to ever have happened to me i.e knowing this thread

I am new in forex trading, lately I was practicing in demo account. Last week of september, I started with $500 ( mini account) on that week I lost $300. I revisited my strategy and came across this forum ( thanks to yezbick for helping me out) and now today I am $5 short of $500. so now I am bounce back to where I have started but it gave me good confidence and learn fundamental strategy of trading which is "patience'( thanks to karmo).

Thanks to all of you guys and hats of to boss auslanco.

Hey UNCLE check out what happened 2pips shy for me gbpusd

New Daily bar (North Finance with MT4) in 5 minutes . . .

Price has completed a 50% retrace from it's most recent drop, and I've cashed in my long. If (or when) it gets cleanly above the daily pivot @ 234.22 I'll be long again to 234.91 (mid-level 1 resistance).

Oh man you crack me up...baby

ur the first person on this tread to quote himself...it's kinda creepy...but i like it..baby..i like it.

I want to thank everyone for contributing in this thread. I learned a lot and I feel today that I have become a better trader. Now I understand why the experts keep telling you the same stuff cause it's true. Please newbies like me listen to the experts when they tell you to trade with the trend, enter after confirmation, buy on dips(instead counter-trend trade), have good money management(2% per trade or less), exit after a reversal signal(dont hope and let your stop get hit) and also don't just follow a signal of someone, look at your chart and try to understand why he's in that position. And many more.

Thanks also I learned fibos especially 50%(karmo), 15m strategy and some lessons like above(aus), and buying on dips and MAs (hakuna) and some candle patterns and funny stuff from my2buoy. I learned these stuff by watching price action. I was curious how these people knew when to TP, when to enter and also where they reenter(like hakuna). Fellow newbies watch price action especially near fibo lines, near MA's, what happens when price closes above/below these lines, watch price action to see why people buy at dips and not trade against the trend, don't be scared just because it retraced a little that its gonna reverse.

Ok I know im still a newbie I dunno if what I said above are all correct maybe someone can correct me but I want other newbies like myself to learn from the good traders and not learn bad habits. Just like me when people pointed me to the right person to learn from.

Sorry if I wrote all these stuff it's just that Im really grateful and really happy today that I feel that I really improved. I hope to learn more from everyone and be a better trader. Thank you all!

DAILY BAR

We are about an hour from finishing a double inside day, thing are getting ripe for a breakout, imo. In the short term look for the 234.40 area down fork retest through the 234.80 sliding median and daily R1 levels to bounce south.

Breaking above the double top 235 level look for price to top at the 237 area, the chart should explain itself.

To the south a bouce off the down fork and look for price to close down towards the weekly low or below 232/231.50 area

Karmo ,
how to setup a fib line so that you can see price besides the fib level. Please suggest.

Hi guys...

any idea on how the news below might affect the Yen?

7:30pm JPYhttp://www.forexfactory.com/images/m...act_medium.gifCore CPI y/y
http://www.forexfactory.com/images/m...etail_star.gif
-0.1%-0.1%
7:30pm JPYhttp://www.forexfactory.com/images/m...act_medium.gifCore Tokyo CPI y/y
http://www.forexfactory.com/images/m...dar_detail.gif
0.0%-0.1%



if the Core CPI is equal or higher than expected is that Yen Positive?

Core Tokya CPI above 0% is better for YEN? (negative for GBP/JPY thus goes down)?

new to the board. any help is appreciated

thanks

Serendipity

Put %$ on the fib.

Example: (%$) 50.0

Sometimes my chart would look like this too especially if I try to incorporate trendlines in the chart, not to mention putting IchimokuTjong cloud altogether (but still not this fully loaded). Maybe I should wear a spiderman costume when trading

j/k

Here you go pal, someone posted it here the other day.

Just add it into your mt4 indicators (pm me if you're not sure how to do this), restart mt4 and when you next draw a fib the price should be shown.

Yes, higher CPI's will strengthen the yen and take GJ down.

Just a little news that came across my desk today, take this for what it is worth to you. No predictions from me just something to
watch out for. When will this be releast to general public? Just remember what happened with last housing bump.
Maybe this could be it:
http://mailcenter.comcast.net/wmc/v/[email protected]

Hi Zoran
Does this Pattern on the hourly GBPJPY chart resemble a bearish bat?
Thanks!

mornin everyone

i posted this last night b4 i left and it sure dropped 100 pips down to 233.25

but im a bit surpirsed at it bouncing back up above 234--ill analys in a while what i see for today

And for those people who feel the journey down has started, let me tell u again as Zoran mentioned too that the journey has already started and it should continue down.

heres a pic i posted 2 weks ago and last week telling u about the fall to come

bbl--with some analysis

No........ he is not the first nor the only

Zoran hakuna quote themselves all the time