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

  • #64,861
  • Mar 3, 2008 10:35pm Mar 3, 2008 10:35pm
Quoting supersaiyanj1
right now im lost which way north or south i have no idea.
Then I recommend you go back and read every post in this thread. Once you have done that, you will know exactly which way to trade. It is only just under 5,000 pages so it shouldn't take you too long.
  • #64,862
  • Mar 3, 2008 10:35pm Mar 3, 2008 10:35pm
Quoting supersaiyanj1
Hello All First thing i would like to say thank you to all of you guys in the forums you guys give me idea where i should place my trade. right now im lost which way north or south i have no idea.
Welcome, super. A lot of good people on this thread. Learning and practising trades is what we do here. . . . oh yeah . . .its alot of fun too.
Indicators show the past. Price Action "Indicates" the future.
  • #64,863
  • Mar 3, 2008 10:39pm Mar 3, 2008 10:39pm
I have long positions in GJ, AJ, NU
  • #64,864
  • Mar 3, 2008 10:42pm Mar 3, 2008 10:42pm
Quoting jarroo
Welcome, super. A lot of good people on this thread. Learning and practising trades is what we do here. . . . oh yeah . . .its alot of fun too.
Especially when the pips are green.
Indicators show the past. Price Action "Indicates" the future.
  • #64,865
  • Mar 3, 2008 10:43pm Mar 3, 2008 10:43pm
thanks lion need to find a entry
  • #64,866
  • Mar 3, 2008 10:43pm Mar 3, 2008 10:43pm
Green pips are sexy
  • #64,867
  • Mar 3, 2008 10:44pm Mar 3, 2008 10:44pm
usdcad has a 4H trend action, for those who have my indicator
  • #64,868
  • Mar 3, 2008 10:47pm Mar 3, 2008 10:47pm
Quoting supersaiyanj1
thanks lion need to find a entry
wait for a clean break of 205.72 to enter long or any new position.
  • #64,869
  • Mar 3, 2008 10:52pm Mar 3, 2008 10:52pm
I am keeping an eagle eye on AJ, somehow it affects GJ, but i am not able to figure it out.

On 30 min charts.
  • #64,870
  • Mar 3, 2008 10:53pm Mar 3, 2008 10:53pm
sorry guys I'm bit lost now. Looks like we heading north at least thats what my indicators are saying. They were saying that yesterday but kept hitting my SL. that hurt and after hitting my stops they went up above my break even pointhttp://www.forexfactory.com/images/icons/icon9.gif 4H hours says something about north. At least thats the song 4H has been singing since yesterday. 30M has just picked momentum is it a fake or should we expect a small move up?
All the best things in life are free.
  • #64,871
  • Mar 3, 2008 10:59pm Mar 3, 2008 10:59pm
Yeah i know FXLANE but i have good size resistance right now at 205.70 ish and then some more on my charts at 205.74, so im waiting out till a nice clean break, especially so close to london open
  • #64,872
  • Mar 3, 2008 11:01pm Mar 3, 2008 11:01pm
Quoting fx_lane
sorry guys I'm bit lost now. Looks like we heading north at least thats what my indicators are saying. They were saying that yesterday but kept hitting my SL. that hurt and after hitting my stops they went up above my break even pointhttp://www.forexfactory.com/images/icons/icon9.gif 4H hours says something about north. At least thats the song 4H has been singing since yesterday. 30M has just picked momentum is it a fake or should we expect a small move up?
when trading between 2 support / resistance lines, i normally keep my stops below a stronger support.
  • #64,873
  • Mar 3, 2008 11:09pm Mar 3, 2008 11:09pm
fibs are basically support / resistance lines provided they are used correctly.

a very minor deviation affects the results in a very big way, so it is utmost compulsory to draw them correctly.

this is one basic reason why people loose confidence in fibs.

drawn correctly, the results are amazing, almost all trading systems that i have disected so far are based on fibs, even the vegas tunnel.
  • #64,874
  • Mar 3, 2008 11:15pm Mar 3, 2008 11:15pm
4H says up but now I'm confused already in a trade. I am hoping prices should go up to clear my red pips or do you guys see up on 4h?
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 32 KB
All the best things in life are free.
  • #64,875
  • Mar 3, 2008 11:18pm Mar 3, 2008 11:18pm
Am I Dreaming ??


Step 1: NU drops a little, AJ follows seconds later, 1 minute later GJ flops.

Step 2: NU picks up and goes north, seconds later AJ follows, 1 minute later GJ picks its skirts and heads north.

I think I am really dreaming now, how can these 3 be so co-related in movements.
  • #64,876
  • Mar 3, 2008 11:20pm Mar 3, 2008 11:20pm
Quoting fx_lane
4H says up but now I'm confused already in a trade. I am hoping prices should go up to clear my red pips or do you guys see up on 4h?
yes, my H4 is still pointing up. there were false BO on triangles on M15 charts for UJ ang GJ. a lot of SL were taken
  • #64,877
  • Mar 3, 2008 11:20pm Mar 3, 2008 11:20pm
Quoting fx_lane
4H says up but now I'm confused already in a trade. I am hoping prices should go up to clear my red pips or do you guys see up on 4h?

Fx lane hi.

I am interested in the MA that changes color thats on your chart.
Is that an MT4 indicator you could link here please.

Much appreciated.

Damo.
where thought goes energy flows
  • #64,878
  • Mar 3, 2008 11:30pm Mar 3, 2008 11:30pm
when price break the 205.78 area I will go long. I am just having patience
  • #64,879
  • Mar 3, 2008 11:32pm Mar 3, 2008 11:32pm
..could that be the famous Frankfurt / London reversal....?
  • #64,880
  • Mar 3, 2008 11:42pm Mar 3, 2008 11:42pm
Quoting venci
..could that be the famous Frankfurt / London reversal....?
That's what I just played!
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