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

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  • Post #60,441
  • Quote
  • Jan 29, 2008 1:20pm Jan 29, 2008 1:20pm
  •  jarroo
  • Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Quoting shahroodi
Disliked
i think your stop is hit now http://qsmile.com/qsimages/73.gif
Ignored
Yes stopped out at 212.30.
Indicators show the past. Price Action "Indicates" the future.
 
 
  • Post #60,442
  • Quote
  • Jan 29, 2008 2:16pm Jan 29, 2008 2:16pm
  •  JasonGuillen
  • | Joined Jul 2006 | Status: Forex Taoist | 243 Posts
Are you back in, Jaroo??

I made a quick 30 pips but got out....I still think bullish long term, just knew this would retr5ace on me in intraday noise.

Think I may play with the Euro a while and scalp till this evenin.
 
 
  • Post #60,443
  • Quote
  • Edited 4:25pm Jan 29, 2008 2:19pm | Edited 4:25pm
  •  jarroo
  • Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Quoting JasonGuillen
Disliked
Are you back in, Jaroo??

I made a quick 30 pips but got out....I still think bullish long term, just knew this would retr5ace on me in intraday noise.

Think I may play with the Euro a while and scalp till this evenin.
Ignored
No, not in. Just seeing how things play out.
Indicators show the past. Price Action "Indicates" the future.
 
 
  • Post #60,444
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  • Jan 29, 2008 3:32pm Jan 29, 2008 3:32pm
  •  DollaBill
  • | Joined Jan 2007 | Status: Member | 246 Posts
Quoting Michi
Disliked
Do one of you guys know what broker provides the lowest spread on GBP/JPY? Because CMSFX has a 8 pips spread, IBFX a 9 pips spread, etc ... isn't there somewhere a way to just pay 4-5 pips?
Cheers
Ignored
The best bang for your buck will be MBtrading or EFXgroup.com. They are both the same except EFX is strictly for forex. Most every pair has a 1-2 pip spread, GBP/JPY is around 4-5, you pay commision on entering and exiting trade. It's and ECN and not a bucket shop. Check ratings on forexbastard.com.
 
 
  • Post #60,445
  • Quote
  • Jan 29, 2008 3:52pm Jan 29, 2008 3:52pm
  •  bcorsaut24
  • | Joined Oct 2007 | Status: Member | 153 Posts
anybody thinkin about gettin in on a retrace of this little rally?
The odds are on my side; let's hope they stay that way!!!
 
 
  • Post #60,446
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  • Edited 4:43pm Jan 29, 2008 4:20pm | Edited 4:43pm
  •  jarroo
  • Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Quoting jarroo
Disliked
Yes stopped out at 212.30.
Ignored
I like to put my stop losses close to the prior S/R level. In this case my S/R level was 212.34. My stop loss was too close to that level. Hind sight is always 20/20. But learning from my loses never stops.

Jim
Indicators show the past. Price Action "Indicates" the future.
 
 
  • Post #60,447
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  • Jan 29, 2008 4:38pm Jan 29, 2008 4:38pm
  •  dagoods
  • Joined Nov 2007 | Status: Member | 3,046 Posts
Quoting DollaBill
Disliked
The best bang for your buck will be MBtrading or EFXgroup.com. They are both the same except EFX is strictly for forex. Most every pair has a 1-2 pip spread, GBP/JPY is around 4-5, you pay commision on entering and exiting trade. It's and ECN and not a bucket shop. Check ratings on forexbastard.com.
Ignored

dont beleive everything ya read...they are all bucketshos and the term ECN is meaningless IMO..... consider this....they give you absolutely NO protection if they go bankrupt..... I'm not saying not to use them or to use any other broker, but just know the pros and cons and dont get conned.... how many times will their platform fail and lock u out of your trade? how many times will they cause a huge spike just to hunt stops (when no ohter broker shows that spike?) IMO all have pros and cons and all brikers stink.... just my 2c
 
 
  • Post #60,448
  • Quote
  • Jan 29, 2008 4:48pm Jan 29, 2008 4:48pm
  •  quecee5
  • Joined Oct 2007 | Status: Member | 5,510 Posts
Quoting dagoods
Disliked
dont beleive everything ya read...they are all bucketshos and the term ECN is meaningless IMO..... consider this....they give you absolutely NO protection if they go bankrupt..... I'm not saying not to use them or to use any other broker, but just know the pros and cons and dont get conned.... how many times will their platform fail and lock u out of your trade? how many times will they cause a huge spike just to hunt stops (when no ohter broker shows that spike?) IMO all have pros and cons and all brikers stink.... just my 2c
Ignored
Now, now bitter Bob =
 
 
  • Post #60,449
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  • Jan 29, 2008 5:28pm Jan 29, 2008 5:28pm
  •  Michi
  • | Joined Dec 2007 | Status: Junior Member | 106 Posts
Ok thanks guys...
I'll stay with IBFX I think, because I wanna use MT4 as a platform!
Cheers
 
 
  • Post #60,450
  • Quote
  • Jan 29, 2008 5:30pm Jan 29, 2008 5:30pm
  •  JosV
  • | Joined Jun 2007 | Status: Member | 32 Posts
It's so quite in here....
 
 
  • Post #60,451
  • Quote
  • Jan 29, 2008 5:39pm Jan 29, 2008 5:39pm
  •  bcorsaut24
  • | Joined Oct 2007 | Status: Member | 153 Posts
Will there be surprise negative news for JPY soon, that gives GJ its last boost upward, before someone finally decides to take this pair one direction???

(yea i'm hoping for bad JPY news b/c i'm looking long on GJ)
The odds are on my side; let's hope they stay that way!!!
 
 
  • Post #60,452
  • Quote
  • Jan 29, 2008 5:52pm Jan 29, 2008 5:52pm
  •  metlife777
  • | Joined Aug 2007 | Status: Member | 429 Posts
Quoting bcorsaut24
Disliked
Will there be surprise negative news for JPY soon, that gives GJ its last boost upward, before someone finally decides to take this pair one direction???

(yea i'm hoping for bad JPY news b/c i'm looking long on GJ)
Ignored
there are good news for stock market is rising up in Japan
 
 
  • Post #60,453
  • Quote
  • Jan 29, 2008 6:37pm Jan 29, 2008 6:37pm
  •  dagoods
  • Joined Nov 2007 | Status: Member | 3,046 Posts
Quoting quecee5
Disliked
Now, now bitter Bob =
Ignored

lol funny! not bitter at all....just want e1 to be careful and choose wisely thats all...... hey Q where we at bro? got a chart and some insight for me?
 
 
  • Post #60,454
  • Quote
  • Jan 29, 2008 6:57pm Jan 29, 2008 6:57pm
  •  GodfreyH
  • Joined Aug 2007 | Status: Jamaica | 1,069 Posts
4 hr chart . Should breakout of wedge fairly soon.
Attached Image (click to enlarge)
Click to Enlarge

Name: 4hr-gbpyen.gif
Size: 25 KB
 
 
  • Post #60,455
  • Quote
  • Jan 29, 2008 7:04pm Jan 29, 2008 7:04pm
  •  bcorsaut24
  • | Joined Oct 2007 | Status: Member | 153 Posts
Quoting GodfreyH
Disliked
4 hr chart . Should breakout of wedge fairly soon.
Ignored

yea, that ascending triangle on the 4hr is yet to be broken; no reason to yet i guess
The odds are on my side; let's hope they stay that way!!!
 
 
  • Post #60,456
  • Quote
  • Jan 29, 2008 7:30pm Jan 29, 2008 7:30pm
  •  Piphunter71
  • | Joined Oct 2007 | Status: Member | 33 Posts
Its gotta get below 111.85..there is good support with the fib line and the 89
 
 
  • Post #60,457
  • Quote
  • Jan 29, 2008 8:57pm Jan 29, 2008 8:57pm
  •  savant
  • Joined Sep 2007 | Status: There Is Always Tomorrow.... | 896 Posts
GJ is trying hard to break that bottom line.

Attached Image (click to enlarge)
Click to Enlarge

Name: gj-212.56.gif
Size: 27 KB
Monthly Profit & Lost :- May - +85 pips
 
 
  • Post #60,458
  • Quote
  • Jan 29, 2008 9:18pm Jan 29, 2008 9:18pm
  •  Piphunter71
  • | Joined Oct 2007 | Status: Member | 33 Posts
You are right its wants to SOO BADDD
 
 
  • Post #60,459
  • Quote
  • Jan 29, 2008 9:19pm Jan 29, 2008 9:19pm
  •  JasonGuillen
  • | Joined Jul 2006 | Status: Forex Taoist | 243 Posts
If that break holds,maybe a bit of a short?
 
 
  • Post #60,460
  • Quote
  • Jan 29, 2008 9:22pm Jan 29, 2008 9:22pm
  •  Piphunter71
  • | Joined Oct 2007 | Status: Member | 33 Posts
It would be great if that line breaks...then it can countine down a while and then the fed cuts 25pts tommarrow It will plummit. (My wishful thinking)
 
 
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