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

I dreamed with the bears, and woke up with the pips

Better DREAMS

sleep better -> Dream better

yesterday when i said to 202.50 you said to 205.75 and ask me what based on , then how you woke with pips , from longs

Too much coffee

Gotta be nimble in this market, like I said I'm neither bull nor bear. Just collect my pips when I can.

http://auslanco-fx.blogspot.com/

60 min played out , 2nd target hit

Hello evryone
I posted this here before but didn't get a response. I will try once more
Is anyone here using the Jacko system here on the GBP/JPY or GBP/USD.
I am having a massive success on the EUR/USD but want to try it on the other currrencies. Does anyone here trade his system on the other two currencies. What stop loss size do you use.
TIA
BTW, DutchTrader, Who is that in your Avatar?

Hi

See link below. Scroll down on page of link and you would see Jacko's response.

http://www.forexfactory.com/showthre...0582&page=4817

Take care. sw

How very, very true. My trading has deteriorated significantly since I started reading other trader's opinions at the beginning of March. Up until then I had been trading for a year without reading trading forums. As a fundamentals trader, I was gathering pips hand over fist. I thought it might be worthwhile investigating technical trading a bit more, and there have been some interesting\useful things I have learnt from technical forums etc.

However, it is very difficult to ignore what others are saying...especially if they are directly involved in what you are doing...even if you don't believe it, it sows the seeds of doubt, and an unhealthy amount of that is dangerous, as you will pull out of trades too early. In fact all bar one bad trade this month was due to me going against my initial plan/beliefs/instincts.

Before I will take notice of anyone again, I will want to see them posting ALL their trades - entry and exit and have a better track run that what I do (did!) Moreover, people need to make it clear in forums posts what time scales they are trading on, otherwise the perspective given is more or less unfalsifiable. If one is going to post an opinion, then one should be confident enough to give a time scale.

Am now going back over my trades over the past month and looking at what I had initially believed in my trading notes, how that belief would have panned out, and reviewing the forum posts that swayed me around the time. Writing this up and sticking it to my desk just to remind myself of the danger of being swayed by the herd, especially when the fundamentals are so clearly pointing in one direction.

Whatever jiggery pokery the US comes up with, with respect to the dollar, one thing is clear, the pound is currently over valued. As a resident of the UK, I can assure everyone who isn't on the ground here that this country and its currency are toast. Personal debt levels are horrendous relative to the rest of Europe and common sense), costs of living are increasing significantly and the British buy cardboard boxes, I mean houses, for £250k. The whole country is running on (financial) services which are contracting fast. The boom has been based on both government and individual borrowing. It manufactures little of worth, and the quality of its new graduates is very poor. These sorts of imbalances MUST come home to roost, and there will be no North Sea oil/gas to bail the UK out this time.

The other country I know about is Australia. The AUD may do relatively well this year and that may prevent the bubble popping there this year, but if Chindia starts to contract there is going to be an almighty crash there. Perhaps such will occur even without a contraction in commodities. People are borrowed up to their eyeballs. The Perth and Brisbane housing bubbles are beginning to deflate rapidly (just look at recent auction results) even though ostensibly the good times are still rolling. Certainly a currency to watch in the future.

Some woman who's an Arsenal fan

Hi All. long time since the last time i visit this forum

Gd morning all =
Woke up and price right were is was when I went to sleep =
Let the "games began". . .

Whatever jiggery pokery the US comes up with, with respect to the dollar, one thing is clear, the pound is currently over valued. As a resident of the UK, I can assure everyone who isn't on the ground here that this country and its currency are toast. Personal debt levels are horrendous relative to the rest of Europe and common sense), costs of living are increasing significantly and the British buy cardboard boxes, I mean houses, for £250k. The whole country is running on (financial) services which are contracting fast. The boom has been based on both government and individual borrowing. It manufactures little of worth, and the quality of its new graduates is very poor. These sorts of imbalances MUST come home to roost[/quote]

We all know the UK will follow the Us very soon....unfortunately human greed created this global financial mess from investors (banks, hedge funds.....) all the way down to borrowers(speculators, and those who used equity in their homes as an ATM machine).

Arn't you glad you are making a living where regardless of global conditions you can make money once you review your charts and on the right side of the trade. You gotta love this thing they call forex!!!!!

Take care. sw

Good morning here . let's genocide GBP

Mornin' Q

Goodmorning.

I must commend you on your precision....demand in the 201.30 region ( a little slide to 201.12) but then back up with some resistance just below 202.24 (again spot on)....201.19 area.

Learning alot Q from you. Thanks for sharing your knowledge. Learning to appreciate 4hr pivot and support and resistance levels so much more since you brought it to my attention.

sw

Can someone please tell me how to remove the "edit" from my post. Thanks

LONG CABLE; 30 secundschart giving a buy signal, stop loss just 5 -7 pips, target price 200 pips,...lock profit at 1.9766...apropriate leverage 50 or 100,...desired: all in....

She could kick my ball anytime ....

Spectator, GREAT POST!!!!!