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

  • #47,741
  • Nov 5, 2007 7:08am Nov 5, 2007 7:08am
Sma 200 holds it for now.... but after dow J. opens we can probably see

237 ..then I will check 1 hr qqe momentums ..without revese signals it is not to safe long yet..Somehow we still can see strong up move if dow J allows it...just IMO ...... you'd beeter stick by your indic. and signals tight.
  • #47,742
  • Edited 7:39am Nov 5, 2007 7:10am | Edited 7:39am
AUS is one of the top traders I ever see in all my years in Forex. He is the real thing!!

Thanks for sharing all!
  • #47,743
  • Nov 5, 2007 7:10am Nov 5, 2007 7:10am
Quoting VishalJ
Listen bro, during normal market conditions.. techs rule - QQQ, momentum all rocks. When market events come into play such as Citibank report.. bad GBP news.. nothing else matters.

I mean.. let's say QQQ , momentum etc for GBP/USD were all pointing down. All of a sudden BOE says 'inflation is too high.. we are going to hold an emergency meeting tomorrow regarding rates' .. do you really think GU is going to respect QQQ or momentum or 100 SMA or 50 EMA or whatever? NO! It will shoot up.. period.

That's why I keep shouting - keep your news monitor turned on all the time. Always keep an eye out for fundamentals or important events.. it can easily turn a profitable trade into a losing one. Even Aus closes his positions before very important events like interest rate decisions,. etc.
I've been trading forex for about six months to a year prior to that I trading stocks and options. There is one thing I've learned from my years of trading is that when you get the news its to late. News in my opinion accelerate a position that was already pre determined. Thats why I stick to the technicals with proper money management to avoid spikes against me.
  • #47,744
  • Nov 5, 2007 7:11am Nov 5, 2007 7:11am
Quoting battuta
Sma 200 holds it for now.... but after dow J. opens we can probably see

237 ..then I will check 1 hr qqe momentums ..without revese signals it is not to safe long yet..Somehow we still can see strong up move if dow J allows it...just IMO ...... you'd beeter stick by your indic. and signals tight.
When DOW will open
Thanks
  • #47,745
  • Nov 5, 2007 7:13am Nov 5, 2007 7:13am
Quoting auslanco
It's funny how all the dogs start barking when a trade goes negative. Where were they when the same trade was 80+ profits..??

forgive to him Aus he still fresh and you know that loose is hard ,
and my word to you keep going in your way you are doing great work with your excellent analysis.
  • #47,746
  • Nov 5, 2007 7:15am Nov 5, 2007 7:15am
Quoting battuta
Sma 200 holds it for now.... but after dow J. opens we can probably see

237 ..then I will check 1 hr qqe momentums ..without revese signals it is not to safe long yet..Somehow we still can see strong up move if dow J allows it...just IMO ...... you'd beeter stick by your indic. and signals tight.
battuta:

Yes there has been a bounce of the Daily 200Sma. Going to await
Hour 5sma to crossup before making any moves.
  • #47,747
  • Nov 5, 2007 7:17am Nov 5, 2007 7:17am
Quoting Tiger Hunter
forgive to him Aus he still fresh and you know that loose is hard ,
and my word to you keep going in your way you are doing great work with your excellent analysis.
I agreed
  • #47,748
  • Nov 5, 2007 7:17am Nov 5, 2007 7:17am
are you still there my friend , if you are not here i will feel unsafe on my pips..lol
  • #47,749
  • Nov 5, 2007 7:18am Nov 5, 2007 7:18am
I may be wrong, as FXCM and Gain's strategist are targeting USD/JPY 113.80 at minimum.

4H chart, Fib 61.8 is at 236.63 is the lowest I'd target because:
1. MACD is above 0,
2. Stochs are almost getting to bottom
3. Bad news are already baked in the price
4. It's winter in here, wearing shorts are not good
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  • #47,750
  • Nov 5, 2007 7:18am Nov 5, 2007 7:18am
Quoting VishalJ
DOW *should* have a bad day today.. considering everything is being focused on the banking/financial sector. There are not many companies reporting numbers today (Burger king reported a profit, but that is not a market mover)
What are you talking about??????? You toss down a few of these babies and you'll be experiencing plenty of movement! In fact, you'll end up having to do the rest of your trading for the day from the 'Throne'!!!
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  • #47,751
  • Nov 5, 2007 7:23am Nov 5, 2007 7:23am
my2B
  • #47,752
  • Nov 5, 2007 7:27am Nov 5, 2007 7:27am
M2B, I always enjoy your posts - the serious and the "picture based" !!!
Learn Hard, Not The "hard way" !
  • #47,753
  • Nov 5, 2007 7:35am Nov 5, 2007 7:35am
Title: GBP/JPY intraday: rebounding Summary: Update on supports and resistances. Story: Pivot: 236.98

Our preference: Long positions above 236.98 with targets @ 238.54 & 239.48 in extension.

Alternative scenario: Below 236.98 look for further downside with 236.18 & 235.41 as targets.

Comment: the RSI is rebounding on its channel lower boundary.
  • #47,754
  • Nov 5, 2007 7:36am Nov 5, 2007 7:36am
after reading lots of comments about this mornings calls/predictions/ views all I can say is that it is up to each individual to review their OWN charts and interpret them themselves and make their OWN decisions.

My decision was based on the existing proved strategy and it was a clear short from 8am GMT as far as I was concerned down to 236.80 - look at the 4 hr chart - it was that simple really. If I had been wrong - it was my decision.

You cant blame anyone else - as someone else usually states - "trade what YOU see" and get off Aussies back or go and learn somewhere else.

If you are posting rubbish/ moans on a regular basis you simply have no idea what you are doing - learn the basics !!!

End of my rant !!
  • #47,755
  • Nov 5, 2007 7:36am Nov 5, 2007 7:36am
i found that i loose coz of my bad desitions , it is my responsability to pull the trigger no one else , that is why i have to change my style in hunting pips
and that my new weapon to hunt pips.
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  • #47,756
  • Nov 5, 2007 7:39am Nov 5, 2007 7:39am
Quoting auslanco
It's funny how all the dogs start barking when a trade goes negative. Where were they when the same trade was 80+ profits..??
I've never viewed anything you said as a trade call. I follow this thread and your analysis to help point me in the right direction. Anyone who follows your entries, exits, TPs and SLs using real money has to be out their cotton-pickin' minds. I can't believe people would actually do that. "Hey ding-dongs, if you need someone to tell you what to trade, and when to get in and out, ask me. I'll give you some great calls. In fact, right now the USD/NOK is set up beautiful for a long. Enter as soon as you can (what are you waiting for, stop reading this right now and get in the stinkin' trade!) and don't get out of it until I tell ya! That's an order, soldier!"

When I started trading this market two years ago it was turning over 1.9 trillion dollars EVERY DAY! I just read in Currency Trader magazine this past week that the Forex market is now turning over almost 4 trillion dollars every day! That means there is twice as much money available to be made today as there was two years ago. Do the math, you ignorant toads. If you can't pick out your few hundred dollars a day to keep you happy without blaming someone else then you need to change hobbies. Aus, YOU ROCK, BRO MAN!!!!!!!!!!!!!!

M2B
  • #47,757
  • Nov 5, 2007 7:40am Nov 5, 2007 7:40am
I Agree daily 5 sma or 1hr sma5 instead is good points for re-entry

but I prefer to wait for more clear signals to long ...

a blue candle and 5 sma in the middle of candle is good entry point on 1hr

generally. It may expose a retrace point for entry.
  • #47,758
  • Nov 5, 2007 7:42am Nov 5, 2007 7:42am
Quoting auslanco
It's funny how all the dogs start barking when a trade goes negative. Where were they when the same trade was 80+ profits..??
I'm not upset with Aus, What he does and provide is grade A. It was my fault that I didn't trade what my charts showed me. On the other hand.......I need to do more chart reading and a lot less forum jibberish!
  • #47,759
  • Nov 5, 2007 7:45am Nov 5, 2007 7:45am
Quoting my2buoys
I've never viewed anything you said as a trade call. I follow this thread and your analysis to help point me in the right direction. Anyone who follows your entries, exits, TPs and SLs using real money has to be out their cotton-pickin' minds. I can't believe people would actually do that. "Hey ding-dongs, if you need someone to tell you what to trade, and when to get in and out, ask me. I'll give you some great calls. In fact, right now the USD/NOK is set up beautiful for a long. Enter as soon as you can (what are you waiting for, stop reading this right now and get in the stinkin' trade!) and don't get out of it until I tell ya! That's an order, soldier!"

When I started trading this market two years ago it was turning over 1.9 trillion dollars EVERY DAY! I just read in Currency Trader magazine this past week that the Forex market is now turning over almost 4 trillion dollars every day! That means there is twice as much money available to be made today as there was two years ago. Do the math, you ignorant toads. If you can't pick out your few hundred dollars a day to keep you happy without blaming someone else then you need to change hobbies. Aus, YOU ROCK, BRO MAN!!!!!!!!!!!!!!

M2B
Dammit, USD/NOK is headed for a big fall. I want this entire forum group to go short now. Don't listen to M2B, he is a false prophet.
  • #47,760
  • Nov 5, 2007 7:48am Nov 5, 2007 7:48am
Quoting markam
Dammit, USD/NOK is headed for a big fall. I want this entire forum group to go short now. Don't listen to M2B, he is a false prophet.
by the way, exactly what currency is NOK anyway?
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