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

  • #61,201
  • Feb 8, 2008 10:51am Feb 8, 2008 10:51am
Quoting DutchTrader
I agree, the Dow's capped around the 12262 area for now and I don't see anything in the volumes to see a massive rally ahead.
Agreed. . .
  • #61,202
  • Feb 8, 2008 10:56am Feb 8, 2008 10:56am
Q , have you been scalping the 209.40 area?
  • #61,203
  • Feb 8, 2008 10:59am Feb 8, 2008 10:59am
Quoting vinesh2
Q , have you been scalping the 209.40 area?
Nope, no need to for me. . .
U still holding EU?
  • #61,204
  • Feb 8, 2008 11:05am Feb 8, 2008 11:05am
Ya holding the EU its above the 4hr pivot below Daily pivot so waiting for the close. It it closes above the Daily pivot I will hold it but if doesn't I might contemplate closing it and then look for a retrace down to 1.4300 area. Your thoughts?
  • #61,205
  • Feb 8, 2008 11:10am Feb 8, 2008 11:10am
Quoting vinesh2
Ya holding the EU its above the 4hr pivot below Daily pivot so waiting for the close. It it closes above the Daily pivot I will hold it but if doesn't I might contemplate closing it and then look for a retrace down to 1.4300 area. Your thoughts?
I'm buying EU all the way down to 1.4399/1.4360 area (as long as it stays above). I will be holding EU for a while. . .

However, depending what GJ does this afternoon, I might close my shorts at 211.80 area (interest been killing me) to take some profit off the table before the weekend, leaving me with shorts at 213.60 area. . .
  • #61,206
  • Feb 8, 2008 11:16am Feb 8, 2008 11:16am
http://www.forexfactory.com/member.php?u=60687

A heads up for anyone infatuated with the word "Pasil"
  • #61,207
  • Feb 8, 2008 11:17am Feb 8, 2008 11:17am
Quoting forexnovice
http://www.forexfactory.com/member.php?u=60687

A heads up for anyone infatuated with the word "Pasil"
  • #61,208
  • Feb 8, 2008 11:18am Feb 8, 2008 11:18am
Dow trying to go -100 and I think we've seen the last of the DJIA bulls for today.
Patience + Humility + Study = Success
  • #61,209
  • Feb 8, 2008 11:19am Feb 8, 2008 11:19am
Oh ok I was thinking about it but not sure cause I dont really trade EU but took chance with this one since it was approcahing the lows of January and looking at the chart its pretty similar to whats happening now its like on the 4th or 5th wave (not too good with the waves thing). It was a decent weeke for me up +350 pips (mini lots). i traded a few different pairs. Yo check it out AJ is a good pair to trade it has strong correlation with GJ more then UJ in some cases. Check out this site for currency correlations.

http://www.mataf.net/en/forex/tradin...elation/table/
  • #61,210
  • Feb 8, 2008 11:21am Feb 8, 2008 11:21am
I traded AJ last year and it made me tons of cha ching. I traded it last week and it gave me 100+ pips
  • #61,211
  • Feb 8, 2008 11:21am Feb 8, 2008 11:21am
Quoting quecee5
Same here .
  • #61,212
  • Feb 8, 2008 11:22am Feb 8, 2008 11:22am
Quoting quecee5
I love this chart, speaks volume. . .

Third attempt to get above 209.40 and failed so far. . .
A break above could see 210.58 weekly pivot, however it fails to close above price will probably see 207.48/98 which is weekly s1 and daily pivot. . . good for at least 200 pips if one was to trade it. . .
Quecee5, If you don't mind me asking, what are all the indicators and there settings on this chart. I like it. It seems to be working very well.

Thx
fxstman
  • #61,213
  • Feb 8, 2008 11:22am Feb 8, 2008 11:22am
Quoting quecee5
Care to share your strategy?

Anything is possible, but GJ has to chop some wood to get there. Lots of reistance above.

If it closes above weekly pivot (210.58) I would tend to agree if not then, well. . .

Yea, i will share....but i will probally post it tomorrow or something when i have more free time, its not a simple strategy, it is basically my trading style and what i use to trade, so i may have to go into a deeper explanation, more so than the "trading systems" that are posted on this site......

and yea! i do agree that it has some wood to chop, but it WILL get there! MARK MY WORDS lol.

probally by mondays u.s session.
  • #61,214
  • Feb 8, 2008 11:26am Feb 8, 2008 11:26am
Quoting fxstman
Quecee5, If you don't mind me asking, what are all the indicators and there settings on this chart. I like it. It seems to be working very well.

Thx
fxstman
2 indicators, ZL Stoch (Zero Lag) and QQE5, I use the default settings and so far so good. . .
  • #61,215
  • Feb 8, 2008 11:28am Feb 8, 2008 11:28am
Quoting vinesh2
Oh ok I was thinking about it but not sure cause I dont really trade EU but took chance with this one since it was approcahing the lows of January and looking at the chart its pretty similar to whats happening now its like on the 4th or 5th wave (not too good with the waves thing). It was a decent weeke for me up +350 pips (mini lots). i traded a few different pairs. Yo check it out AJ is a good pair to trade it has strong correlation with GJ more then UJ in some cases. Check out this site for currency correlations.

http://www.mataf.net/en/forex/tradin...elation/table/
If you continue to hold EU we'll talk about it again in about 2 weeks or so. . ., Cha Ching. . . Use to trade AJ as well but GJ is enough for me although they both trade huge pips. . .
  • #61,216
  • Feb 8, 2008 11:29am Feb 8, 2008 11:29am
Quoting quecee5
2 indicators, ZL Stoch (Zero Lag) and QQE5, I use the default settings and so far so good. . .
Thx Q!! I am needing to find a longer term of trading. My addiction is interferring w/ the wife. if you know what I mean.
GLT, thx

fxstman
  • #61,217
  • Feb 8, 2008 11:30am Feb 8, 2008 11:30am
Quoting doughboi
Yea, i will share....but i will probally post it tomorrow or something when i have more free time, its not a simple strategy, it is basically my trading style and what i use to trade, so i may have to go into a deeper explanation, more so than the "trading systems" that are posted on this site......

and yea! i do agree that it has some wood to chop, but it WILL get there! MARK MY WORDS lol.

probally by mondays u.s session.
Looking forward to it my friend, alway love to hear new ideas and others trading style. . .
  • #61,218
  • Feb 8, 2008 11:32am Feb 8, 2008 11:32am
Quoting quecee5
If you continue to hold EU we'll talk about it again in about 2 weeks or so. . ., Cha Ching. . . Use to trade AJ as well but GJ is enough for me although they both trade huge pips. . .

are u guys saying that aud/jpy trades like gbp/jpy?.......For some reason it is not available my fxdd metrader chart????.....but it does have a 4 pip spread on my broker (better than the pound/yen), and if it trades anything like the pound/yen? then i am highly interested lol
  • #61,219
  • Edited 1:54pm Feb 8, 2008 11:39am | Edited 1:54pm
Quoting fxstman
Thx Q!! I am needing to find a longer term of trading. My addiction is interferring w/ the wife. if you know what I mean.
GLT, thx

fxstman
I know exactly what you meean. . .
I've been trading more long term lately with an occasional scalp here and there when I got time. But for the most part I've been holding on to my trades for 1 week minimum which has paid huge dividends.

I'll probably close out my trades at 212/211.80 later today and that will put me well over 1,150 pips (avg of 165 pips per day) but that's over 5-7 days of holding. So I lose a little on the interest esp. on wed. That's why I scalp (counter-trend) the rallies to make up for the interest losses. . . But I don't have to do it as often because the moves up on GJ have been huge 100, 150, 200 pips at a time...

Anyway, I don't sit in front of the computer nearly half as much and I sleep very well at night which wasn't always the case. . .
  • #61,220
  • Feb 8, 2008 11:54am Feb 8, 2008 11:54am
Ok since you insist on holding EU i will hold it. You know why cause I have immense for you! lol. I am trying to switch to longer term trade too so far so good and you are right about the wifey thing I am having the same issue bro we all are in the same boat trying to get my wifey into trading but she doesn't like it. Imagine we both trade she can do NY I can do UK cha ching all the way lol! Have a awesome weekend bro and take your wifey for some retail therapy I am sure she is going to appreciate it.
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