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

  • #70,741
  • Mar 25, 2008 5:14am Mar 25, 2008 5:14am
Quoting warta
well am ok bro tkx for asking
btw this is the market u cant close ur eyes lol
wish u load of green pips bro
wish you the same
  • #70,742
  • Mar 25, 2008 5:25am Mar 25, 2008 5:25am
Quoting Pirin
jacko, you should include that grid trading is not for amateurs, because it is the safest way to go bankrupt. Read my signature, it is referred to this strategy. I've seen dozens of people empty their accounts using this grid system. So you let your stop loss get triggered, it is definitely safer this way, but what happens when the market triggers you stop loss and instead of continuing going down, decides to turn back ?
The quote is by http://en.wikipedia.org/wiki/John_Maynard_Keynes btw :-)
  • #70,743
  • Mar 25, 2008 5:31am Mar 25, 2008 5:31am
1 h chart E/U

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  • #70,744
  • Mar 25, 2008 5:35am Mar 25, 2008 5:35am
Quoting im7i4z
The quote is by http://en.wikipedia.org/wiki/John_Maynard_Keynes btw :-)
Really ? Didn't know that :> We've learned only the boring stuff from him at the university, never the cool quotes 10x for the elucidation, appreciate it
  • #70,745
  • Mar 25, 2008 5:47am Mar 25, 2008 5:47am
Quoting Pirin
Really ? Didn't know that :> We've learned only the boring stuff from him at the university, never the cool quotes 10x for the elucidation, appreciate it
I'm kinda Keynesian, hate savings lol so.. read dat quote by him somewhere cant remember.
  • #70,746
  • Mar 25, 2008 5:57am Mar 25, 2008 5:57am
Will this resistance (200.6~201) be broken? does anyone have any ideas? Thanks!

Quoting warta
good morning guys
this is my 1 h chart
use ur brain and find ur way

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  • #70,747
  • Edited 6:12am Mar 25, 2008 6:01am | Edited 6:12am
Quoting dogberry
Will this resistance (200.6~201) be broken? does anyone have any ideas? Thanks!

once broken the target may can be : R2 : @202.50 then R 3 : 204.60
  • #70,748
  • Mar 25, 2008 6:20am Mar 25, 2008 6:20am
dow start to push up
  • #70,749
  • Mar 25, 2008 6:33am Mar 25, 2008 6:33am
Quoting warta
dow start to push up
Never trouble trouble till trouble troubles you
  • #70,750
  • Mar 25, 2008 6:46am Mar 25, 2008 6:46am
Any idea when GJ go UP :d??
  • #70,751
  • Mar 25, 2008 6:50am Mar 25, 2008 6:50am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
All my shorts closed @ breakeven last night unfortunately. Darn 4 hr 50 EMA held pretty well.

Now, I'm looking at a 60 min chart and I'm not so sure I believe bulls right now. Does anyone else think that looks like a head and shoulders pattern? I think we could be forming the right shoulder.

Also, there is a bearish divergence in YM (4 hr chart). Soooo, I need to see how this all plays out this morning first. A break of 200.90 would confirm bull trend to me.

Gold also looks pretty bullish to me too. I went short (with a small position) at 200.31 with a stop above 200.90. Not convinced yet by bull team.
"Wishful thinking dies hard." Igor T.
  • #70,752
  • Mar 25, 2008 7:03am Mar 25, 2008 7:03am
Quoting FxChi
All my shorts closed @ breakeven last night unfortunately. Darn 4 hr 50 EMA held pretty well.

Now, I'm looking at a 60 min chart and I'm not so sure I believe bulls right now. Does anyone else think that looks like a head and shoulders pattern? I think we could be forming the right shoulder.

Also, there is a bearish divergence in YM (4 hr chart). Soooo, I need to see how this all plays out this morning first. A break of 200.90 would confirm bull trend to me.

Gold also looks pretty bullish to me too. I went short (with a small position) at 200.31 with a stop above 200.90. Not convinced yet by bull team.
Yup sell on rallies is the very best pos in this pair!

Just an info and not a reco!
  • #70,753
  • Mar 25, 2008 7:27am Mar 25, 2008 7:27am
Quoting Pirin
jacko, you should include that grid trading is not for amateurs, because it is the safest way to go bankrupt. Read my signature, it is referred to this strategy. I've seen dozens of people empty their accounts using this grid system. So you let your stop loss get triggered, it is definitely safer this way, but what happens when the market triggers you stop loss and instead of continuing going down, decides to turn back ?
Hi Pirin,

I just saw this. Hmmm, I think that you may be mistaken.

I do NOT use grid trading.

The Anti-Hedge method (I don't see it as a "system") is simple and extremely successful method of minimising your drawdowns while still allowing you to get back into the market when the trend is running in the correct direction. Thats all it is.

But combine that with trading only with the Trend and using Trailing Stop Losses, you have a devastatingly successful method of trading.

You may want to go here to see just how successful it is.
http://www.forexfactory.com/showpost...4&postcount=85

You should also note the the above results were all achieved trading live time on DailyFX and there was no way anyone could "play" with the trades. It was live time , real trading. If there had been any attempt to BS the trades, the other traders would have nailed me to the wall on the Forum.


.
  • #70,754
  • Mar 25, 2008 7:31am Mar 25, 2008 7:31am
Wait for the US news in half an hour ...
Discipline + Patience - Fear - Greed = Success
  • #70,755
  • Mar 25, 2008 7:36am Mar 25, 2008 7:36am
Quoting arezab
Wait for the US news in half an hour ...

Never trouble trouble till trouble troubles you
  • #70,756
  • Mar 25, 2008 7:37am Mar 25, 2008 7:37am
Hi, Jacko, I know it's very successful for E/U, but I remember you said it's not so good for G/U. So any progress in other pairs? Thanks a lot!

Quoting jacko
Hi Pirin,

I just saw this. Hmmm, I think that you may be mistaken.

I do NOT use grid trading.

The Anti-Hedge method (I don't see it as a "system") is simple and extremely successful method of minimising your drawdowns while still allowing you to get back into the market when the trend is running in the correct direction. Thats all it is.

But combine that with trading only with the Trend and using Trailing Stop Losses, you have a devastatingly successful method of trading.

You may want to go here to see just how successful it is.
http://www.forexfactory.com/showpost...4&postcount=85

You should also note the the above results were all achieved trading live time on DailyFX and there was no way anyone could "play" with the trades. It was live time , real trading. If there had been any attempt to BS the trades, the other traders would have nailed me to the wall on the Forum.


.
  • #70,757
  • Mar 25, 2008 7:41am Mar 25, 2008 7:41am
it surely affects the cable. I wonder if the news will affect G/J as well? G/J=(G/U)*(U/J). It seems the effects will be offset. Thanks a lot!

Quoting arezab
Wait for the US news in half an hour ...
  • #70,758
  • Mar 25, 2008 8:02am Mar 25, 2008 8:02am
no news with the news
  • #70,759
  • Mar 25, 2008 8:20am Mar 25, 2008 8:20am
might fall hard tommorow
To Live is the rarest thing in the world , Most people exist , that is all
  • #70,760
  • Mar 25, 2008 8:23am Mar 25, 2008 8:23am
Quoting GodfreyH
This fall was the daily gann bounce (purple line). Price rarely passes the daily gann on the first attempt.

why my gann is higher ? I have the same indicator v2, and period 10.
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