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

  • #70,481
  • Mar 21, 2008 2:04pm Mar 21, 2008 2:04pm
Quoting mktjong
Hi Warta,

Thanks for your jokes .. it's really refreshing. Hope you are doing better day after day
Today's market seems completely dead.. it's good to take a day off after big pie in the week. Next week will be interesting, but Monday seems slow again as only US market is open( am I right? ). Again, we will try to conquer this pair whenever the opportunity is present.
Have a good week-end every one, stay and drive safe, and enjoy the day !
( It is snowing here in my place )

hey mkt hows u man i just wake up was sleeping with the market haha it was a boring day man and specialy no one there but me and tiger
well wish u a wonderfuill weekend enjoy ur time and dont think about scalping pips during the week end we will have a long day week to scalp up and down hahaha
god bless u my brother
  • #70,482
  • Mar 21, 2008 2:07pm Mar 21, 2008 2:07pm
Quoting malcolmb14
The dj and gj are 95% of the time connected , dj leads gj moves typically.

However on Friday ( Triple witching Friday and a day when alot of traders do not trade) they were disconnected until later in the day. The gj was bearish against the market annd made for relatively easy trading.

If you understand volume spread analysis on thr YM or ES ( index e- mini futures ) then you can see if the buyers or sellers are in control on the indexes. I use volume spread analysis to trade futures , and will not go into the details in these forums as it does not really pertain to forex trading as there is really no ' volume ' as there are on stocks and futures where the volume of last trade is sent out by the forex feeds. The software I use for market depth does not pick up volume delta for forex ( the difference between bid and ask volume).

Following the indexes MIGHT , but not always give you some indication of the movement of the gj.
malcolmb bro
tkx for replying my post and for the info u gave i just start to understand really this market how it work and how is simple and difficult in the same time to be linked to everything in the same time but i always say , good people are everywhere . thats what you are
with m full of respect , i wish u a nice weekend
bless u
  • #70,483
  • Mar 21, 2008 2:09pm Mar 21, 2008 2:09pm
Quoting mike w
Hey Thanks Infinity, have a great weekend man! Look forward to next week's trading with all of you guys and gals.

Have a great weekend everybody. Talk to ya sunday.

miky my bro
we will miss u but am sure u will be always around so wish u a lovely weekend and sweet times to enjoy with ur family
god be with u bro
  • #70,484
  • Mar 21, 2008 2:11pm Mar 21, 2008 2:11pm
Quoting sycho
what a lovely week...hello everyone seems like you guyz are doing quit well
sychoo
where have you been long time hope u are ok
well i wish u a gr8 weekend bro
stay in touch bro will miss u
bless u
  • #70,485
  • Mar 21, 2008 2:54pm Mar 21, 2008 2:54pm
Quoting sycho
now thats my malcomb talking...how has the week been man....miss you guyz..
Yup i always manage to pull some BS out of my rear end ...
Blogging daily now at www.volume.zone
  • #70,486
  • Mar 21, 2008 3:05pm Mar 21, 2008 3:05pm
Quoting sycho
now thats my malcomb talking...how has the week been man....miss you guyz..

my week has been ok. Frustrating in the fact that I keep on getting out of trades way to early.

I give targets , give entries , but i always seem to leave pips on the table.

I seem able to make the calls 100% better than i can trade them. The entries are the easy part .. the exit something I struggle with on a daily basis , and the weak point in my trading right now. Something that I am working on.

Still if you can do 50 pips day in day out i would say you are doing great , and that you can increase position size as time goes on.

How was your week Sycho ? I hope you survived the turmoil of the markets , and in fact made a bag load of pips.

I really feel bad for those coming into retirement that have not protected themselves in this crazy time , thankfully finally my parents listened to me ( i am sure they think I am an idiot lol ) and pulled their money into cash for now. They lost 15% , but by doing that saved themselves losing another 15%) .
Blogging daily now at www.volume.zone
  • #70,487
  • Mar 21, 2008 3:09pm Mar 21, 2008 3:09pm
My first week in this forum and I am so glad that I came across it. Thank you very much everyone for being so helpful. I really appreciate it. Have a great weekend and hope everyone makes lots of pips next week.

Warta takes for everything, take care of yourself.
  • #70,488
  • Mar 21, 2008 3:11pm Mar 21, 2008 3:11pm
Quoting malcolmb14
my week has been ok. Frustrating in the fact that I keep on getting out of trades way to early.

I give targets , give entries , but i always seem to leave pips on the table.

I seem able to make the calls 100% better than i can trade them. The entries are the easy part .. the exit something I struggle with on a daily basis , and the weak point in my trading right now. Something that I am working on.

Still if you can do 50 pips day in day out i would say you are doing great , and that you can increase position size as time goes on.

How was your week Sycho ? I hope you survived the turmoil of the markets , and in fact made a bag load of pips.

I really feel bad for those coming into retirement that have not protected themselves in this crazy time , thankfully finally my parents listened to me ( i am sure they think I am an idiot lol ) and pulled their money into cash for now. They lost 15% , but by doing that saved themselves losing another 15%) .
i have the same problem unless i turn off the computer and walk away.

many of my set ups are at midnight to 2 am pst, so if i get one of those i can set my limit and stop and go to sleep

my trading is always better when i do that
  • #70,489
  • Mar 21, 2008 3:14pm Mar 21, 2008 3:14pm
Quoting malcolmb14
my week has been ok. Frustrating in the fact that I keep on getting out of trades way to early.

I give targets , give entries , but i always seem to leave pips on the table.

I seem able to make the calls 100% better than i can trade them. The entries are the easy part .. the exit something I struggle with on a daily basis , and the weak point in my trading right now. Something that I am working on.

Still if you can do 50 pips day in day out i would say you are doing great , and that you can increase position size as time goes on.

How was your week Sycho ? I hope you survived the turmoil of the markets , and in fact made a bag load of pips.

I really feel bad for those coming into retirement that have not protected themselves in this crazy time , thankfully finally my parents listened to me ( i am sure they think I am an idiot lol ) and pulled their money into cash for now. They lost 15% , but by doing that saved themselves losing another 15%) .
Have to agree the exits have been the toughest part of trading. Had some beautiful trades but exited too early 3 times or set too tight of a SL. Despite that still been the best week of trading ever thanks to loading up on those big moves.
History is written by the victors.
  • #70,490
  • Mar 21, 2008 3:16pm Mar 21, 2008 3:16pm
hi dear malcolmb14
how r u ?
malcolmb14 , i see that USD is starting for take off . look to USDLFX PLS
  • #70,491
  • Mar 21, 2008 3:25pm Mar 21, 2008 3:25pm
also my other reason is burst bubble of prices (oil- gold)
  • #70,492
  • Mar 21, 2008 3:40pm Mar 21, 2008 3:40pm
Where can i download that indicator that shows the FIB levels and the 5SMA and whatnot? Basically... I suppose I should just use the search feature on the forum.
  • #70,493
  • Mar 21, 2008 3:42pm Mar 21, 2008 3:42pm
Quoting JSmith
Where can i download that indicator that shows the FIB levels and the 5SMA and whatnot? Basically... I suppose I should just use the search feature on the forum.
hello dear smith hows u today hope u r fine
well bro the 5 SMA u can find it in ur system
so no need to download it but the FIB i dunno whats mean so if u can tell me maybe i can help u
  • #70,494
  • Mar 21, 2008 3:48pm Mar 21, 2008 3:48pm
Quoting sharon_gpl
My first week in this forum and I am so glad that I came across it. Thank you very much everyone for being so helpful. I really appreciate it. Have a great weekend and hope everyone makes lots of pips next week.

Warta takes for everything, take care of yourself.

hello dear sharon hows you and hows your day? wish u a nice weekend with full of joy .
when u need any help that i can give plz feel free anytime to ask me
will catch you next week
take care bro
bless u
  • #70,495
  • Mar 21, 2008 4:01pm Mar 21, 2008 4:01pm
Hi Warta,

I did not trade today because market very thin. Definitely will ask your help, I am still very new to trading but very eager to learn. Enjoy your weekend and lots of well wishes to you. Thanks a lot for your help. Have a great weekend and a profitable week ahead to you and to everyone.
  • #70,496
  • Mar 21, 2008 4:07pm Mar 21, 2008 4:07pm
Quoting sharon_gpl
Hi Warta,

I did not trade today because market very thin. Definitely will ask your help, I am still very new to trading but very eager to learn. Enjoy your weekend and lots of well wishes to you. Thanks a lot for your help. Have a great weekend and a profitable week ahead to you and to everyone.
same sharon
am glad to have u as friend enjoy ur time
  • #70,497
  • Mar 21, 2008 4:15pm Mar 21, 2008 4:15pm
Malcomb please keep us updated on eur/aud and eur/cad. Good weekend to you and thanks for your inputs.
  • #70,498
  • Mar 21, 2008 4:26pm Mar 21, 2008 4:26pm
From what I see eur/aud may have topped at 1.71/72, so maybe a correction to 1.69/68 seems probable.
  • #70,499
  • Mar 21, 2008 6:26pm Mar 21, 2008 6:26pm
Quoting sharon_gpl
From what I see eur/aud may have topped at 1.71/72, so maybe a correction to 1.69/68 seems probable.
Sharon

Right now on a 4 hour chart we are forming an ascending triangle , this is a breakout pattern ( expect breakout to the upside at 7200).

Only if 1.6800 is broken to the downside will the strong uptrend be broken. I would not be going short , unless it is very a very short trade as you are bucking the trend.

The rsi say that price should drop , however we have been in a VERY bullish uptrend on this pair.

I believe the eurusd is only forming a bull flag right now and will break to the upside taking both euraud and eurcad with it.

If euraud does break to the upside here are your targets:

1.7233
1.7363
1.7530
1.7740

close up showing ascending triangle

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.png Size: 172 KB


8 hour showing uptrend channel

Attached Image (click to enlarge)
Click to Enlarge Name: euraud8 hour.png Size: 200 KB

[IMG]file:///C:/Users/user/AppData/Local/Temp/moz-screenshot-5.jpg[/IMG]
Blogging daily now at www.volume.zone
  • #70,500
  • Mar 21, 2008 7:59pm Mar 21, 2008 7:59pm
Hi Malcomb,

Thank you very much for that. Appreciate it a lot. Will look at the charts you posted to learn more on that pair. Thanks again and have a good weekend.
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