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

  • #71,401
  • Apr 1, 2008 5:55am Apr 1, 2008 5:55am
  • #71,402
  • Apr 1, 2008 5:55am Apr 1, 2008 5:55am
first resting place hit and taken out, time for the second
  • #71,403
  • Apr 1, 2008 6:07am Apr 1, 2008 6:07am
ever heard d saying never try to catch a falling knife,
never try to catch a rocket.

Guys i think u should just look out for reversal signals 4 shorts, for now bulls are in control. GU is trending up , UJ is also very bullish. FTSE is green

if i get short signal, i will sell, but 4 now shorts are out of d question
  • #71,404
  • Apr 1, 2008 6:14am Apr 1, 2008 6:14am
guys...do u actually scalp on 1 min chart?
  • #71,405
  • Apr 1, 2008 6:20am Apr 1, 2008 6:20am
Quoting ephisi
ever heard d saying never try to catch a falling knife,
never try to catch a rocket.

Guys i think u should just look out for reversal signals 4 shorts, for now bulls are in control. GU is trending up , UJ is also very bullish. FTSE is green

if i get short signal, i will sell, but 4 now shorts are out of d question
Well, if you gonna catch a falling knife what do you need? Correct equipment, right? So what do you need in FX then ? About the same.

It's all about having the right tools for you to trade.
Measure twice, cut once
  • #71,406
  • Apr 1, 2008 6:21am Apr 1, 2008 6:21am
Quoting smilo
guys...do u actually scalp on 1 min chart?
I don't recommend it for starters ! I still need a glass of whiskey to calm while trading 1m chart :
Measure twice, cut once
  • #71,407
  • Apr 1, 2008 7:02am Apr 1, 2008 7:02am
not even for acurate entres?
  • #71,408
  • Apr 1, 2008 7:19am Apr 1, 2008 7:19am
Quoting forexlion
199.25 forms the first resting place, followed by 199.81

we hit 200.19 and then drop back to second resting place at 199.81



oops resting places are nothing but weekly fibs
Hello Forexlion,
Your "resting places" are really accurate
but I couldn't get them with weekly fib's.
Do you mind to attach a chart ,please.

Thanks
Mike
Failure, is a wonderful teacher!
  • #71,409
  • Apr 1, 2008 7:43am Apr 1, 2008 7:43am
second resting place achieved and taken out

now we begin the final victory run for 200.19 and then a possible retrace back to the second resting place.
Attached Image (click to enlarge)
Click to Enlarge Name: resting.gif Size: 14 KB
  • #71,410
  • Apr 1, 2008 7:52am Apr 1, 2008 7:52am
and this is the chart based on which i had opened the trades, the longer monthly fibs
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.gif Size: 16 KB
  • #71,411
  • Apr 1, 2008 7:54am Apr 1, 2008 7:54am
Looks like it's taking a breather now
Patience + Humility + Study = Success
  • #71,412
  • Apr 1, 2008 7:58am Apr 1, 2008 7:58am
Quoting DutchTrader
Looks like it's taking a breather now
yep, i quit on the second resting place and will return after ISM dust settles down, till then i sleep.
  • #71,413
  • Apr 1, 2008 8:23am Apr 1, 2008 8:23am
Quoting forexlion
yep, i quit on the second resting place and will return after ISM dust settles down, till then i sleep.
Thanks for the charts!!
Failure, is a wonderful teacher!
  • #71,414
  • Apr 1, 2008 9:11am Apr 1, 2008 9:11am
box break out at 3pm i got a 50point slippage which wiped out my stops...nice eh
  • #71,415
  • Apr 1, 2008 9:36am Apr 1, 2008 9:36am
where are d bears,

what a sweet day
  • #71,416
  • Apr 1, 2008 9:43am Apr 1, 2008 9:43am
Quoting ephisi
where are d bears,

what a sweet day
Sweet? I's like getting mugged at christmas.
  • #71,417
  • Apr 1, 2008 9:44am Apr 1, 2008 9:44am
AUS is a genius, dis qqe indicators and gann are d holy grail of forex, AUS system is d best
  • #71,418
  • Apr 1, 2008 9:45am Apr 1, 2008 9:45am
Quoting ephisi
AUS is a genius, dis qqe indicators and gann are d holy grail of forex, AUS system is d best
202
Patience + Humility + Study = Success
  • #71,419
  • Apr 1, 2008 9:50am Apr 1, 2008 9:50am
could go to 202.79
Patience + Discipline - Greed = Success
  • #71,420
  • Apr 1, 2008 9:50am Apr 1, 2008 9:50am
Quoting Infinity
I hope your long position is a small one. Otherwise I would not advise you to leave it open over the weekend no matter what you see for the rest of today.

Bless

Just wondering if you think we may see 202 yet?
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