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

  • #74,741
  • Apr 23, 2008 3:52am Apr 23, 2008 3:52am
I agree and hope down is where we're going, I'm short and inexperienced, the laugh was for the hours - patience is a defining quality in this game, and many, as you emphasised, lose it all too easily

Money & Pain Respect the market, protect your capital, be patient
  • #74,742
  • Apr 23, 2008 3:55am Apr 23, 2008 3:55am
Quoting toyboy tramp
I agree and hope down is where we're going, I'm short and inexperienced, the laugh was for the hours - patience is a defining quality in this game, and many, as you emphasised, lose it all too easily

If you are already short on g/j , make sure hedge the position immediately coz price can go up 200-300 pips...
  • #74,743
  • Apr 23, 2008 3:58am Apr 23, 2008 3:58am
Quoting alearner
Maybe I should do my analysis after the trade as well. Perhaps I'll have better luck.
own analysis is always the best
  • #74,744
  • Apr 23, 2008 3:59am Apr 23, 2008 3:59am
Hi Srikanth,

What would be the best way to hedge? Buying would just cancel the short, currently down slightly.
I haven't hedged before, if you don't have the time to answer I totally understand

Thanks
Money & Pain Respect the market, protect your capital, be patient
  • #74,745
  • Apr 23, 2008 4:01am Apr 23, 2008 4:01am
Quoting Srikanth
to me long seems much better..

buy 5 lots @ 204.70 TP1: 100 pips ...let's see


Bravo Srikanth! Another 500 pips increased in your acc!

Any special technique used to forecast? Please share with us...
  • #74,746
  • Apr 23, 2008 4:04am Apr 23, 2008 4:04am
Quoting Ultraman
great
i went long since QQE was cross at TF15M or wait for http://news<img data-emoji="grin" al...1.png?v=15.1">
times to make money
close my long at 205.88
long at 204.99

GBPJPY i'm safe rite now, waiting for GBPUSD it's to hard GBPUSD will up,
  • #74,747
  • Apr 23, 2008 4:05am Apr 23, 2008 4:05am
Why anyone would think of shorting at this moment is fairly puzzling.
Patience + Humility + Study = Success
  • #74,748
  • Apr 23, 2008 4:05am Apr 23, 2008 4:05am
Quoting dopod
Bravo Srikanth! Another 500 pips increased in your acc!

Any special technique used to forecast? Please share with us...
bro, i just look at charts with few indicators.. even i don't draw trend lines etc... just watch daily charts @ pfxglobal with nice analysis..then you'll come to know abt the game ..

http://www.pfxglobal.com/gbp-jpy/gbp...trading-4.html
  • #74,749
  • Apr 23, 2008 4:06am Apr 23, 2008 4:06am
Just for fun I'm looking at some uptrend movement on the M1 rainbow charts as it breaks passed my 50% fib @ 205.71...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy 4-23-2008 rainbow 1.gif Size: 42 KB
Click to Enlarge Name: gbpjpy 4-23-2008 rainbow 2.gif Size: 36 KB
  • #74,750
  • Apr 23, 2008 4:06am Apr 23, 2008 4:06am
Quoting toyboy tramp
Hi Srikanth,

What would be the best way to hedge? Buying would just cancel the short, currently down slightly.
I haven't hedged before, if you don't have the time to answer I totally understand

Thanks
no probs bro..

i can tell you clearly on messenger if you don't mind

b/w me too from east london..
  • #74,751
  • Apr 23, 2008 4:08am Apr 23, 2008 4:08am
Love the psychedelic Scalper!!
Money & Pain Respect the market, protect your capital, be patient
  • #74,752
  • Apr 23, 2008 4:08am Apr 23, 2008 4:08am
Quoting Aad
Just for fun I'm looking at some uptrend movement on the M1 rainbow charts as it breaks passed my 50% fib @ 205.71...


well they look pretty
  • #74,753
  • Apr 23, 2008 4:09am Apr 23, 2008 4:09am
Quoting Srikanth
g/j is in down trend actually... those who want to open new order wait for few hours..yes hours then probably short would be nice target

Waiting for your signal, please...
  • #74,754
  • Apr 23, 2008 4:12am Apr 23, 2008 4:12am
i'm still not convinced in longs, i'd like the price break yesterday's high before going long...
at the meantime still undecided...


Quoting DutchTrader
Why anyone would think of shorting at this moment is fairly puzzling.
  • #74,755
  • Apr 23, 2008 4:13am Apr 23, 2008 4:13am
by the way DT, i went for another short based on the strategy, and price hit my SL right on the spot before heading back down!

Quoting DutchTrader
Why anyone would think of shorting at this moment is fairly puzzling.
  • #74,756
  • Apr 23, 2008 4:16am Apr 23, 2008 4:16am
i should have waited for the h4 candle to close below 204.6 to short, hmmmmmmmm, i guess i made the same mistake jaroo did. lol
  • #74,757
  • Apr 23, 2008 4:21am Apr 23, 2008 4:21am
That's a nice link. Thanks for sharing.

Quoting Srikanth
bro, i just look at charts with few indicators.. even i don't draw trend lines etc... just watch daily charts @ pfxglobal with nice analysis..then you'll come to know abt the game ..

http://www.pfxglobal.com/gbp-jpy/gbp...trading-4.html
Regards, Android.
  • #74,758
  • Apr 23, 2008 4:30am Apr 23, 2008 4:30am
Many calls, few charts so thought I should contribute with some charts.

AB=CD pattern. If we break above 206.05, I see the probability for price hitting 207.35 as first target and 209 as second optimistic target.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
Measure twice, cut once
  • #74,759
  • Apr 23, 2008 4:36am Apr 23, 2008 4:36am
Possibly onto 206.37 monthly R1 and beyond, good luck folks...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4-23-2008.gif Size: 25 KB
  • #74,760
  • Apr 23, 2008 5:15am Apr 23, 2008 5:15am
we might be having a double top pattern

lets wait and see...
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