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

  • #55,381
  • Dec 17, 2007 9:52am Dec 17, 2007 9:52am
Quoting FX-Petra
8 scalps since last night, some nice size, some small. I am also hanging on to a couple of longs...just can't see how it would not at least retest the 230's some time this week.
I think tomorrow will be the day if we get a daily close at or around this area. Price is already, slowly but surely, moving upwards.
I dream, therefore I become.
  • #55,382
  • Dec 17, 2007 9:57am Dec 17, 2007 9:57am
Quoting quecee5
Anyone scalping GJ besides me????
Been in and out of this pair about 4 times already.
I'm still waiting for it to breakout either side, got protective tight stops in place to protect profits. . .
quecee, how many pips are you avg. per month (if you dont mind sharing )
  • #55,383
  • Dec 17, 2007 9:57am Dec 17, 2007 9:57am
Quoting FX-Petra
8 scalps since last night, some nice size, some small. I am also hanging on to a couple of longs...just can't see how it would not at least retest the 230's some time this week.
I think we'll see move up later today in Tokyo and London session into 2morrow and Wed. . .
  • #55,384
  • Dec 17, 2007 9:59am Dec 17, 2007 9:59am
Quoting Squidster
quecee, how many pips are you avg. per month (if you dont mind sharing )
Anywhere from 3,000 - 3,500 pips on average but I only trade 4-5 days a week. . .
  • #55,385
  • Dec 17, 2007 10:02am Dec 17, 2007 10:02am
Quoting quecee5
Anywhere from 3,000 - 3,500 pips on average but I only trade 4-5 days a week. . .
Damn! That's fantastic! I make enough to get by, but wow.
I dream, therefore I become.
  • #55,386
  • Dec 17, 2007 10:02am Dec 17, 2007 10:02am
Anyone buying? My RSI and STOCH are pointing up on the 4H
  • #55,387
  • Dec 17, 2007 10:03am Dec 17, 2007 10:03am
Quoting vinesh2
Anyone buying? My RSI and STOCH are pointing up on the 4H
I've been buying. 50 pips ago was where I stacked my positions for the ride up. I plan to buy all the way up too. This is a great opportunity.
I dream, therefore I become.
  • #55,388
  • Dec 17, 2007 10:04am Dec 17, 2007 10:04am
Quoting quecee5
Anywhere from 3,000 - 3,500 pips on average but I only trade 4-5 days a week. . .
4-5 days a week? thats full time trading?
there are 20 trading days in a month.
I only trade 10 days and make around 1000-1500 pips.
but you kill it
  • #55,389
  • Dec 17, 2007 10:07am Dec 17, 2007 10:07am
Quoting mike w
Damn! That's fantastic! I make enough to get by, but wow.
Averages out to be abut 180 pips per day based on 4.5 days a week trading. Thats easy with GJ, EJ, EU and UJ combined. I mainly trade GJ but do scalp other pairs when I see a good set-up. . .
  • #55,390
  • Dec 17, 2007 10:09am Dec 17, 2007 10:09am
I will probably wait for it to come down al ittle more. Stoch has not fully crossed the 80 line yet so I am going to wait for a little bit but I think I may missed the boat already
  • #55,391
  • Dec 17, 2007 10:09am Dec 17, 2007 10:09am
Quoting vinesh2
Anyone buying? My RSI and STOCH are pointing up on the 4H
Actually. I just shorted @ 228.84, as I think GU has reached its top for today and will start to fall a bit. . .
  • #55,392
  • Dec 17, 2007 10:10am Dec 17, 2007 10:10am
Quoting quecee5
Averages out to be abut 180 pips per day based on 4.5 days a week trading. Thats easy with GJ, EJ, EU and UJ combined. I mainly trade GJ but do scalp other pairs when I see a good set-up. . .
Yeah I guess your right on that. I don't really count my scalping trades as they are all jsut for quick profit so they don't go in the books. With those added in, I make a good deal more than I thought I did. lol

On another note, we still need to break out of this range for any serious buying orders. After that, I look to see the higher levels within the next few days.
I dream, therefore I become.
  • #55,393
  • Dec 17, 2007 10:12am Dec 17, 2007 10:12am
Quoting quecee5
Actually. I just shorted @ 228.84, as I think GU has reached its top for today and will start to fall a bit. . .
Looking at my charts, the pound is facing resistance right now. The next few hourly closes will show if it breaks above or not.
I dream, therefore I become.
  • #55,394
  • Dec 17, 2007 10:12am Dec 17, 2007 10:12am
Quoting Squidster
4-5 days a week? thats full time trading?
there are 20 trading days in a month.
I only trade 10 days and make around 1000-1500 pips.
but you kill it
Yes, I trade those days, all day (all 3 sessions), mentally drained by the end of the week. . .
  • #55,395
  • Dec 17, 2007 10:12am Dec 17, 2007 10:12am
Quoting mike w
Yeah I guess your right on that. I don't really count my scalping trades as they are all jsut for quick profit so they don't go in the books. With those added in, I make a good deal more than I thought I did. lol

On another note, we still need to break out of this range for any serious buying orders. After that, I look to see the higher levels within the next few days.
How high are you talking? I can't see anything above 230 before heading downward.
  • #55,396
  • Dec 17, 2007 10:16am Dec 17, 2007 10:16am
FYI DOW is down over 100 points
  • #55,397
  • Dec 17, 2007 10:18am Dec 17, 2007 10:18am
Quoting vinesh2
FYI DOW is down over 100 points
Just as we had a conversation the other day, The Gbp/Jpy hasn't really been coinciding with the Dow that much as of late. It can drop while G/J stays put at times. I'm only trading by technical analysis of this and other currency pairs for now.
I dream, therefore I become.
  • #55,398
  • Dec 17, 2007 10:20am Dec 17, 2007 10:20am
Quoting falcon232
How high are you talking? I can't see anything above 230 before heading downward.
I'd be looking for 231-232, before looking for a reversal and then shorting from there. This daily close is incredibly important for my justification of this trade and if it closes below the support- which would turn resistance- I would reevaluate my trades. Right now, if we were to get a daily close at this area, I would still hold onto my longs.
I dream, therefore I become.
  • #55,399
  • Dec 17, 2007 10:22am Dec 17, 2007 10:22am
Looks like trading range for GJ is daily pivot down to daily S1. . .
228.85 - 227.85. One could scalp 40-50 pips a trade both ways several times throughout this session. . .
  • #55,400
  • Dec 17, 2007 10:35am Dec 17, 2007 10:35am
Quoting quecee5
Looks like trading range for GJ is daily pivot down to daily S1. . .
228.85 - 227.85. One could scalp 40-50 pips a trade both ways several times throughout this session. . .
why didn't you tell me this was going to be the range before the session? I got my 80 earlier and just been watching so far, waiting for it to breakout in a direction but this has proved to be a typical Monday. I think gene22 had the dates of the 11th and 18th as important to his projections. anyone remember why?
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