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

  • #74,241
  • Apr 21, 2008 1:50pm Apr 21, 2008 1:50pm
Quoting GodfreyH
Heh...I thought you were only looking for support to go long, I knew you couldn't resist this sweet fall.
The 5 SMA/gann hi/lo cross on 4hr chart looooooooked tooooooooo sweet = = . . . Gotta love it right!
  • #74,242
  • Apr 21, 2008 1:55pm Apr 21, 2008 1:55pm
Quoting malcolmb14
sounds like you have a bid chart. When buying off a bid chart ( going long ) always add the spread to your entry price.
Hey Malcolmb how r u? Did you get your room ready yet? First of all I must say The currency that I was speaking on was the euro/usd I am currently short with the gj. Malcolmb I believe that is what is happening. Still have to tweak the settings in this Mt4. I'm running 2 widescreens with my live account on 2 pairs currently, and a seperate computer with forex.com demo on the gj!
All that is left in FF is just plain garbage. "Cloggie"
  • #74,243
  • Apr 21, 2008 1:55pm Apr 21, 2008 1:55pm
Just my opinion on future targets.

203.50
202.85
202.20
201.68
201.20

Let's see what happens. Remember not fact just possibility
  • #74,244
  • Apr 21, 2008 1:57pm Apr 21, 2008 1:57pm
Quoting GodfreyH
Heh...I thought you were only looking for support to go long, I knew you couldn't resist this sweet fall.
you will continue shahroodis way
  • #74,245
  • Apr 21, 2008 2:00pm Apr 21, 2008 2:00pm
Quoting Dmac
Karmo, Dutch and Q,

You guys are crackin me up. Must be nice to be doing so well to be able to make jokes like that. Hopefully someday I'll make it to that place. I still don't know how Karmo has the patience. Gotta be a lot of confidence behind that. Somethin I've completely lost but am workin on gettin back. Anyway I also see at least 203.5 and possibly 201 but am still on the sidelines watching and learning to get my confidence back. Still trading demo though.

Good to hear you are building the confidence back up , slow and steady wins the race.

You have to remember that some traders , Like Karmo , can withstand massive draw downs. I think he was going short in the 200 and 205 zones. Not sure if he held on and withstood the draw down.

I prefer to take 1-2% of my account and make my 50 pips a day on average.

Do that day in day out and your account will grow from 10 k to 3.5 million (that is 1% of account per trade) within 5 years without any account write offs. with 2% that number is 11.5 million ... ah the beauty of compounding.
Blogging daily now at www.volume.zone
  • #74,246
  • Apr 21, 2008 2:02pm Apr 21, 2008 2:02pm
Me thinks the shorts are done for the day, least I am. Time for dinner. Cheers and see you cats later.
Patience + Humility + Study = Success
  • #74,247
  • Apr 21, 2008 2:03pm Apr 21, 2008 2:03pm
Guys, what trendline do we have at 203.70, cant find it on my charts.
btw, my 4hr and 1hr charts qqe and gann are crossed down and confirmed.

worst case scenario i see for shorts is a 4hr 5sma retracement.
  • #74,248
  • Apr 21, 2008 2:03pm Apr 21, 2008 2:03pm
Quoting quecee5
I hear ya. . .
I like to lock in profits at certain levels so I don't get caught in any sudden reversals. . .
Have a gd day my friend =
Thank you !

Keep on Mind .... Tides... and.. Full moon !!
  • #74,249
  • Apr 21, 2008 2:04pm Apr 21, 2008 2:04pm
where is shahroodi??
this Gravestone doji will be a nightmare for bulls
Attached Image (click to enlarge)
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  • #74,250
  • Apr 21, 2008 2:05pm Apr 21, 2008 2:05pm
Quoting hussin naiji
you will continue shahroodis way
is this doji???http://qsmile.com/qsimages/73.gif
Attached Image (click to enlarge)
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  • #74,251
  • Apr 21, 2008 2:05pm Apr 21, 2008 2:05pm
Quoting DutchTrader
Me thinks the shorts are done for the day, least I am. Time for dinner. Cheers and see you cats later.
Possible, Dow closed above the pivot !!!
  • #74,252
  • Apr 21, 2008 2:06pm Apr 21, 2008 2:06pm
Quoting shahroodi
is this doji???http://qsmile.com/qsimages/73.gif
yes dear
  • #74,253
  • Apr 21, 2008 2:08pm Apr 21, 2008 2:08pm
Quoting Piters
Possible, Dow closed above the pivot !!!
dow not closed yet... another hour .... but it is above the open range high
Blogging daily now at www.volume.zone
  • #74,254
  • Apr 21, 2008 2:09pm Apr 21, 2008 2:09pm
Quoting hussin naiji
yes dear
of course inverted gravestone
  • #74,255
  • Apr 21, 2008 2:10pm Apr 21, 2008 2:10pm
I've done a few trades on the GBP/JPY and the GBP/CHF, and I have noticed something, but maybe it's just lately, but the GBP/CHF seems to move a little smoother. I'm guessing their is more liquidity in it, both european currencies? don't know. I say these two, because lately they both move similar.
  • #74,256
  • Apr 21, 2008 2:11pm Apr 21, 2008 2:11pm
Quoting hussin naiji
yes dear
  • #74,257
  • Apr 21, 2008 2:11pm Apr 21, 2008 2:11pm
Quoting malcolmb14
dow not closed yet... another hour .... but it is above the open range high
Sorry Malcolmb, I was watching 1H chart.. Yes Dow is still on..
  • #74,258
  • Apr 21, 2008 2:12pm Apr 21, 2008 2:12pm
Where can I read up on the r'ship twixt the Dow and the Geppy, or if anyone is kind enough to expound, I'm learning as much about this beast as I can.

Thanks
Money & Pain Respect the market, protect your capital, be patient
  • #74,259
  • Apr 21, 2008 2:16pm Apr 21, 2008 2:16pm
Quoting Dmac
Karmo, Dutch and Q,

You guys are crackin me up. Must be nice to be doing so well to be able to make jokes like that. Hopefully someday I'll make it to that place. I still don't know how Karmo has the patience. Gotta be a lot of confidence behind that. Somethin I've completely lost but am workin on gettin back. Anyway I also see at least 203.5 and possibly 201 but am still on the sidelines watching and learning to get my confidence back. Still trading demo though.
The trick with Patience is that it takes practise just like entries and exits. Over time your confidence will grow with your account. With confidence comes discipline and belief in yourself.

Trust me, when your signal tells you to go long and everyone in this thread is saying short, it will test your convictions . . .and you sit back and .

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #74,260
  • Apr 21, 2008 2:19pm Apr 21, 2008 2:19pm
Quoting jarroo
The trick with Patience is that it takes practise just like entries and exits. Over time your confidence will grow with your account. With confidence comes discipline and belief in yourself.

Trust me, when your signal tells you to go long and everyone in this thread is saying short, it will test your convictions . . .and you sit back and .

Jim
Agreed -
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