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

  • #64,861
  • Mar 4, 2008 12:35am Mar 4, 2008 12:35am
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 4, 2008 12:35am Mar 4, 2008 12:35am
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 4, 2008 12:39am Mar 4, 2008 12:39am
I have long positions in GJ, AJ, NU
  • #64,864
  • Mar 4, 2008 12:42am Mar 4, 2008 12:42am
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 4, 2008 12:43am Mar 4, 2008 12:43am
thanks lion need to find a entry
  • #64,866
  • Mar 4, 2008 12:43am Mar 4, 2008 12:43am
Green pips are sexy
  • #64,867
  • Mar 4, 2008 12:44am Mar 4, 2008 12:44am
usdcad has a 4H trend action, for those who have my indicator
  • #64,868
  • Mar 4, 2008 12:47am Mar 4, 2008 12:47am
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 4, 2008 12:52am Mar 4, 2008 12:52am
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 4, 2008 12:53am Mar 4, 2008 12:53am
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 4, 2008 12:59am Mar 4, 2008 12:59am
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 4, 2008 1:01am Mar 4, 2008 1:01am
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 4, 2008 1:09am Mar 4, 2008 1:09am
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 4, 2008 1:15am Mar 4, 2008 1:15am
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 4, 2008 1:18am Mar 4, 2008 1:18am
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 4, 2008 1:20am Mar 4, 2008 1:20am
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 4, 2008 1:20am Mar 4, 2008 1:20am
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 4, 2008 1:30am Mar 4, 2008 1:30am
when price break the 205.78 area I will go long. I am just having patience
  • #64,879
  • Mar 4, 2008 1:32am Mar 4, 2008 1:32am
..could that be the famous Frankfurt / London reversal....?
  • #64,880
  • Mar 4, 2008 1:42am Mar 4, 2008 1:42am
Quoting venci
..could that be the famous Frankfurt / London reversal....?
That's what I just played!
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