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

  • #46,761
  • Nov 1, 2007 2:19pm Nov 1, 2007 2:19pm
Karmo how do u move u r SL into profits can u give example oh and by the way patience pill are doing wonders for me
  • #46,762
  • Nov 1, 2007 2:20pm Nov 1, 2007 2:20pm
Quoting vinesh2
Karmo how do u move u r SL into profits can u give example oh and by the way patience pill are doing wonders for me
Remember not to mix up between patience and greed

Moving my SL into profit, hmm is that hard to understand? I wonder, but what I mean is I opened short @ 240 , I have set my SL to 239.50 (locking in 50 pips)
Trade what you see, not what you think.
  • #46,763
  • Nov 1, 2007 2:21pm Nov 1, 2007 2:21pm
Quoting kayman
8 Hour Candle opens 17 minutes ago has super bearish Mom
All Three pointing down.....Asian should drag it down before London does its own magic.
Thanks for the info kayman, btw what broker are you using for this 8hr momentum? I need to get my hands on that
Trade what you see, not what you think.
  • #46,764
  • Nov 1, 2007 2:23pm Nov 1, 2007 2:23pm
Yes my friend that is my thoughts for chart post earlier
Quoting Dobin
On VT . 4h ,mom. is mixed, we could see 4h 4sma retrace, which is 239.40
  • #46,765
  • Nov 1, 2007 2:23pm Nov 1, 2007 2:23pm
Quoting karmostaji
Thanks for the info kayman, btw what broker are you using for this 8hr momentum? I need to get my hands on that
use dailyfx's online charts. They can do it.


http://www.dailyfx.com/charts/ChartStation.html
  • #46,766
  • Nov 1, 2007 2:26pm Nov 1, 2007 2:26pm
Quoting markam
use dailyfx's online charts. They can do it.


http://www.dailyfx.com/charts/ChartStation.html
Thanks boss
Trade what you see, not what you think.
  • #46,767
  • Nov 1, 2007 2:28pm Nov 1, 2007 2:28pm
Quoting karmostaji
Thanks for the info kayman, btw what broker are you using for this 8hr momentum? I need to get my hands on that
Thanks to Aus, he mentioned one earlier....DealBook 360 Global Forex Trading for 8 Hour Chart.

Thanks to you recommending NEUIMEX for having DOW over MT4 Chart.
Success has a Thousand Fathers.
  • #46,768
  • Nov 1, 2007 2:31pm Nov 1, 2007 2:31pm
Since the new daily bar on VT is bullish, this fall is just a retracement and we all know the beast loves 50%, which is 235.80 and we also have 50ema and 200sma there on the daily. Could we bounce from there? we will find out.
Trade what you see, not what you think.
  • #46,769
  • Nov 1, 2007 2:37pm Nov 1, 2007 2:37pm
M2B, Karmo, or any other friends.

Please share some insights on the attached new daily momentums by FXDD.

light blue, mtm 1, up
blue, mtm 10, up
gray, mtm 14, flat

but daily 5sma is right on the price itself. So how do we interpret the momentums???
There should be a strong UPs tommorrow, that's my guess. but don't know when, how, and how much.

new 4h momentums are all down, showing a fall till Asia opens.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1102_d_fxdd.gif Size: 37 KB
  • #46,770
  • Nov 1, 2007 2:40pm Nov 1, 2007 2:40pm
Quoting karmostaji
Ok I'm going to keep my shorts until 1hr QQE reaches oversold level OR 4h QQE reaches 50 line

and possible bounce back up at London open, just my opinion. I'm moving my SL's into more profit
You should be fine. I closed too many shorts thinking this may return back to the high 240 region.
  • #46,771
  • Nov 1, 2007 2:43pm Nov 1, 2007 2:43pm
Quoting karmostaji
Since the new daily bar on VT is bullish, this fall is just a retracement and we all know the beast loves 50%, which is 235.80 and we also have 50ema and 200sma there on the daily. Could we bounce from there? we will find out.
Oh, just saw your post, but Karmo, i'm confused, what do u mean by this fall is just a retracement? if it is, then how the bullish daily momentums do with this fall? first down to 235.8 then up?

thanks, bro.
  • #46,772
  • Nov 1, 2007 2:45pm Nov 1, 2007 2:45pm
Quoting Zoran
You should be fine. I closed too many shorts thinking this may return back to the high 240 region.
I was feeling too good, until I saw that new daily momentum lol, but if we hit 236 I'll be happy for now.

Quoting charvo
Oh, just saw your post, but Karmo, i'm confused, what do u mean by this fall is just a retracement? if it is, then how the bullish daily momentums do with this fall? first down to 235.8 then up?

thanks, bro.
I mean this fall seems to be a retracement of the bull-run we had the past 2 days or so. Yes I expect price to go to 50% and then up, but also keep an eye on the 38.2% which is 237.11
Trade what you see, not what you think.
  • #46,773
  • Nov 1, 2007 2:53pm Nov 1, 2007 2:53pm
Quoting karmostaji
I was feeling too good, until I saw that new daily momentum lol, but if we hit 236 I'll be happy for now.
If we break the low at 237.90 then all is well. The 50% level looks just about right.
  • #46,774
  • Nov 1, 2007 2:56pm Nov 1, 2007 2:56pm
Hey Karmo would you mind sending me a PM about how you set up your fib lines? I am having way too much trouble just trying to set these up and I am starting to feel retarded. Thanks
  • #46,775
  • Nov 1, 2007 2:58pm Nov 1, 2007 2:58pm
Quoting haliker
Hey Karmo would you mind sending me a PM about how you set up your fib lines? I am having way too much trouble just trying to set these up and I am starting to feel retarded. Thanks
check my strategy thread and you'll find plenty of charts with fibs drawn on, link is in my signature.
Trade what you see, not what you think.
  • #46,776
  • Nov 1, 2007 2:59pm Nov 1, 2007 2:59pm
Quoting karmostaji
check my strategy thread and you'll find plenty of charts with fibs drawn on, link is in my signature.
I just perused your thread and was just wondering were you start your line from?
  • #46,777
  • Nov 1, 2007 3:01pm Nov 1, 2007 3:01pm
IBFX 1 hour candle closed bearish engulfing in case you missed it.
  • #46,778
  • Nov 1, 2007 3:04pm Nov 1, 2007 3:04pm
Quoting haliker
I just perused your thread and was just wondering were you start your line from?
I really don't know how to explain it clearly so that you'll understand it fully, honestly when I was first introduced to fibs.. I was confused as heck LOL. I just kept practicing and reading about them until one day I went 'Aha'. Maybe this link will help you http://www.babypips.com/school/fibonacci_who.html
Trade what you see, not what you think.
  • #46,779
  • Nov 1, 2007 3:05pm Nov 1, 2007 3:05pm
Quoting nikkipip4
IBFX 1 hour candle closed bearish engulfing in case you missed it.
New candle is bullish and very close to a double bottom. It looks like a wait and see situation.
  • #46,780
  • Nov 1, 2007 3:06pm Nov 1, 2007 3:06pm
Quoting karmostaji
I really don't know how to explain it clearly so that you'll understand it fully, honestly when I was first introduced to fibs.. I was confused as heck LOL. I just kept practicing and reading about them until one day I went 'Aha'. Maybe this link will help you http://www.babypips.com/school/fibonacci_who.html
Let me clarify my question and see if it makes headway. When adding the indicator to the chart is there anything I need to do special to get the correct reading?
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