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

  • #60,361
  • Jan 29, 2008 4:37am Jan 29, 2008 4:37am
Quoting jarroo
The Patience Indicator:
Let me put that in my arsonal of indicators..lol
  • #60,362
  • Jan 29, 2008 4:59am Jan 29, 2008 4:59am
huh
  • #60,363
  • Jan 29, 2008 5:27am Jan 29, 2008 5:27am
Quoting jarroo
Patience.
I love it!
Trade what you see, not what you think.
  • #60,364
  • Jan 29, 2008 5:33am Jan 29, 2008 5:33am
Thank you Karmo
You are my guru with your teachings of patience - i am slowly learning and am YEARS older then you -

Thank you- regards novice
  • #60,365
  • Jan 29, 2008 5:35am Jan 29, 2008 5:35am
Quoting Novice
Thank you Karmo
You are my guru with your teachings of patience - i am slowly learning and am YEARS older then you -

Thank you- regards novice
Just following the big picture here (Daily chart), and you've got to give the trade some time for it to develop, no miracle is going to happen in a couple of minutes..

keep it up
Trade what you see, not what you think.
  • #60,366
  • Jan 29, 2008 5:54am Jan 29, 2008 5:54am
i guess that negative news for GBP was really expected....price doesn't show weak GBP at all....people are actually buying

???????
The odds are on my side; let's hope they stay that way!!!
  • #60,367
  • Jan 29, 2008 5:55am Jan 29, 2008 5:55am
GBPUSD beginning to break out on a strong S/R. Depending on its strength,
GBPJPY could have some good up side movement.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #60,368
  • Jan 29, 2008 6:05am Jan 29, 2008 6:05am
GBPJPY broke a nice S/R at 212.34. I would like to see it retrace back to 212.34 and bounce off and up up and away. I will enter at that price with a tight stop loss.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #60,369
  • Jan 29, 2008 6:07am Jan 29, 2008 6:07am
Quoting jarroo
GBPJPY broke a nice S/R at 212.34. I would like to see it retrace back to 212.34 and bounce off and up up and away. I will enter at that price with a tight stop loss.
entered long at 212.39. Tight stop loss
Indicators show the past. Price Action "Indicates" the future.
  • #60,370
  • Jan 29, 2008 6:12am Jan 29, 2008 6:12am
Now if USDJPY can cooperate I should have a nice little (or long) run.

No one knows.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #60,371
  • Jan 29, 2008 6:13am Jan 29, 2008 6:13am
Karmo or any one what would be an idead STOCH setting?
  • #60,372
  • Jan 29, 2008 6:23am Jan 29, 2008 6:23am
212.67 resistance is going to be broken, so my first target will be 213.92 at %138 fib extension and the second one will be 214.70 at %161.8 fib extension.
Discipline + Patience - Fear - Greed = Success
  • #60,373
  • Jan 29, 2008 6:28am Jan 29, 2008 6:28am
Quoting arezab
212.67 resistance is going to be broken, so my first target will be 213.92 at %138 fib extension and the second one will be 214.70 at %161.8 fib extension.
Nice.
Indicators show the past. Price Action "Indicates" the future.
  • #60,374
  • Jan 29, 2008 6:30am Jan 29, 2008 6:30am
Quoting jarroo
entered long at 212.39. Tight stop loss
Stop loss at B/E. Free trade baby.
Indicators show the past. Price Action "Indicates" the future.
  • #60,375
  • Jan 29, 2008 6:34am Jan 29, 2008 6:34am
Quoting jarroo
Stop loss at B/E. Free trade baby.

what was your stop loss....how tight???
The odds are on my side; let's hope they stay that way!!!
  • #60,376
  • Jan 29, 2008 6:35am Jan 29, 2008 6:35am
can I still enter long cos i missed the entry point
  • #60,377
  • Jan 29, 2008 6:35am Jan 29, 2008 6:35am
Quoting arezab
212.67 resistance is going to be broken, so my first target will be 213.92 at %138 fib extension and the second one will be 214.70 at %161.8 fib extension.
Indicators show the past. Price Action "Indicates" the future.
  • #60,378
  • Jan 29, 2008 6:38am Jan 29, 2008 6:38am
Quoting bcorsaut24
what was your stop loss....how tight???
About 30 pips. Smaller if price start falling like a rock.
Indicators show the past. Price Action "Indicates" the future.
  • #60,379
  • Jan 29, 2008 6:39am Jan 29, 2008 6:39am
Quoting bcorsaut24
i guess that negative news for GBP was really expected....price doesn't show weak GBP at all....people are actually buying

???????
Follow the chart.
Trade what you see, not what you think.
  • #60,380
  • Jan 29, 2008 6:40am Jan 29, 2008 6:40am
Quoting jarroo
Stop loss at B/E. Free trade baby.
It's time to relax and have a drink and let the trade just do it's thing, trading with no stress is so much fun
Trade what you see, not what you think.
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