DislikedLast post and I'll go tend my web (not nest) some more. Price is now back at the upper median of the black down fork and a good place for it to stall, but it should make the sliding parallel fork ( notice the lower blue circle which is the distance that price missed the center median, I would expect price to penetrate the top by that distance.
Look for price to bounce south off that dashed fork and the 127.2 extension.
See ya'llIgnored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #44,983
- Oct 26, 2007 6:03am Oct 26, 2007 6:03am
- Joined Mar 2007 | Status: Pip pip | 2,692 Posts
Hey Aus, there you are! Just in time to celebrate your 3000th page! Congratulations! 
- #44,984
- Oct 26, 2007 6:04am Oct 26, 2007 6:04am
The pair is on a uptrend. Price hit the weekly resistance /4hr 50EMA and knocked back for a retracement to collect fire power. A drop below 233.60 will fuel the bears, until then I'm bullish bias. My target is weekly 5sma by Monday(London Close) @ 236.43.
I'll see you guys next week. Internet speed is damn freaking slow here. have a great day everyone
- #44,985
- Oct 26, 2007 6:05am Oct 26, 2007 6:05am
Although I am not a 1K Trader (well in reality I have done more than 1K Live lol) but my advise to you my friend is read read read and read some more, don't rush into questions abt what trade sould you take, but rather ask why a certain trader took this trade if you're convinced take it, manage your funds, don't marry a losing position cause good trades come all the time so why sit and wish for the trade to go in your direction ??
filter the thread and don't get "dragged" into trades , but rather take the trade cause you "see it" on your charts.
best of luck my friend, trading is easy only when you don't gamble
well, that's in the past.... after I broke it, then i played using MT4 north finance.... much better.... but still more loss than profit, until i read this thread....
hopefully i can change the tide of my bad luck for the past 3 months.
Need more advice and guidance from all the masters here.....
- #44,986
- Oct 26, 2007 6:10am Oct 26, 2007 6:10am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #44,988
- Oct 26, 2007 6:14am Oct 26, 2007 6:14am
The pair is on a uptrend. Price hit the weekly resistance /4hr 50EMA and knocked back for a retracement to collect fire power. A drop below 233.60 will fuel the bears, until then I'm bullish bias. My target is weekly 5sma by Monday(London Close) @ 236.43.
I'll see you guys next week. Internet speed is damn freaking slow here. have a great day everyone
welcome to my country! how's bali? beautiful eh? well, sorry for the internet connection there....
we are still a developing country, and not everyone here can afford to go surfing and browsing.....
be careful for thief and thugs there.... ok? keep safe all of your stuff (mobile phone, notebooks, etc).....
If you want to buy stuff, remember price will be higher if foreigner try to ask it..... 5 times than original price.... you need to bargain every stuff you want to buy.....remember that ok? it is a must thing to do.....
if you don't mind to spend money, it's ok.....
- #44,991
- Oct 26, 2007 6:16am Oct 26, 2007 6:16am
So far, i've been blew many accounts, even though i've put SL on those trades..... well the first time was entirely been tricked by local brokers that gave 10 pips spread for all major currency with additional fees 10 pips for each trade (after close the trade)...... if i knew that i could play for less from online from overseas brokers.... i won't put the money on the local brokers.....
well, that's in the past.... after I broke it, then i played using MT4 north finance.... much better.... but still more loss than profit, until i read this thread....
hopefully i can change the tide of my bad luck for the past 3 months.
Need more advice and guidance from all the masters here.....
I don't know your account size but the begginers formula is 1% of your account size risk per trade i.e if you have 1000$ account you should exit your trade if you start loosing 10$ which is 10 pips only in case of a 1000$ account, so that doesn't even cover your spread and 130% chance you'll get stopped!!
I hope i'm not putting you down by this but really learn by trading something like EUR/USD for example.... nice spread, been trending up for years now , and will give you time to analyze cause it doesn't have that swift of moves !!
hope that helps.
- #44,998
- Oct 26, 2007 6:31am Oct 26, 2007 6:31am
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
- SPAM
- Shah
- Rodi
- #44,999
- Oct 26, 2007 6:37am Oct 26, 2007 6:37am
- Joined Mar 2007 | Status: Trader | 1,731 Posts
- SPAM
- Shah
- Rodi
1-heart breaker
2-say
3-fi
..lol
ps:just jk