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

  • #77,361
  • May 1, 2008 4:30am May 1, 2008 4:30am
Quoting toyboy tramp
I'm concerned that I'm in disagreement with you Q, its a first, weekly does NOT look bullish. But I guess its how you look at it...

tomboy, unless this weeks candle fills the tail this screams accumulation, for what? why would they accumulate, for what purpose?
"Millionaires don't use astrology, billionaires do"
  • #77,362
  • May 1, 2008 4:32am May 1, 2008 4:32am
Hi,

can anyone explain me, what is better trading with GBP/CHF or GBP/JPY.
I saw today GBP/CHF already moved 200 pips but GBP/JPY less than 100 pips.

Spread is same by me 7 pips ....

thanks for sharing info ...
  • #77,363
  • May 1, 2008 4:33am May 1, 2008 4:33am
Quoting OrionsWay
sl for cad trade under 50 bar ma 40+ pip sl great RR , for this is going to explode soon enough with oil and gold doing down shitter for some time coming

if u hold on for a while this is gotta be worth at least 30 cents
are u saying its going up or down?
  • #77,364
  • May 1, 2008 4:33am May 1, 2008 4:33am
Quoting toyboy tramp
I'm concerned that I'm in disagreement with you Q, its a first, weekly does NOT look bullish. But I guess its how you look at it...
Gotta get in on the bottom my friend, all the signs are there. . .
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.gif Size: 31 KB
  • #77,365
  • May 1, 2008 4:34am May 1, 2008 4:34am
EUR broke support
  • #77,366
  • May 1, 2008 4:34am May 1, 2008 4:34am
Quoting dogol
Hi,

can anyone explain me, what is better trading with GBP/CHF or GBP/JPY.
I saw today GBP/CHF already moved 200 pips but GBP/JPY less than 100 pips.

Spread is same by me 7 pips ....

thanks for sharing info ...
I like GBP/CHF
  • #77,367
  • May 1, 2008 4:34am May 1, 2008 4:34am
Quoting toyboy tramp
I'm concerned that I'm in disagreement with you Q, its a first, weekly does NOT look bullish. But I guess its how you look at it...

Here's the way I see it using this thread's system:-

Weekly Chart

Zero MACD crossed 1 tick above 0
Zero Stochs crossing and just above 25
QQE crossed and pointing North

ALL THE ABOVE + PRICE ACTION = BULLISH

What do you think looking at this chart? By the way I could be wrong..just MHO
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy weekly.gif Size: 32 KB
  • #77,368
  • May 1, 2008 4:36am May 1, 2008 4:36am
Quoting dogol
Hi,

can anyone explain me, what is better trading with GBP/CHF or GBP/JPY.
I saw today GBP/CHF already moved 200 pips but GBP/JPY less than 100 pips.

Spread is same by me 7 pips ....

thanks for sharing info ...
dogol by asking that ? i would say your should play euro, for those 2 are a ride on volatile and wild, each in their own time, no disrespect, FX is the lions den to begin with and these 2 are like jumping in a ring with raptures, can really consume ones account if not fully prepared
"Millionaires don't use astrology, billionaires do"
  • #77,369
  • May 1, 2008 4:37am May 1, 2008 4:37am
Quoting OrionsWay
tomboy, unless this weeks candle fills the tail this screams accumulation, for what? why would they accumulate, for what purpose?
to sell at a higher price? to prolong the inevitable dive? to hedge against the dollar? I don't know, but its a darn good question...
Money & Pain Respect the market, protect your capital, be patient
  • #77,370
  • May 1, 2008 4:38am May 1, 2008 4:38am
Quoting quecee5
Gotta get in on the bottom my friend, all the signs are there. . .

Sorry Bro - didn't refresh before posting my chart... nice surprise for me to see I'm starting to think the same using this system though...

  • #77,371
  • May 1, 2008 4:41am May 1, 2008 4:41am
Quoting shakesfx
Sorry Bro - didn't refresh before posting my chart... nice surprise for me to see I'm starting to think the same using this system though...

Loving this system bro, starting to pay off with all the time and effort. . .
I can see so clearly now that the rain is gone =
  • #77,372
  • May 1, 2008 4:48am May 1, 2008 4:48am
Quoting hussin naiji
Q
we must attention to NFP tomorrow also maybe a cut rate by BOE in the next week
As stated yesterday. . . ADP suggest that NFP will be in line with expectation. The market is looking to the future, they know what happened in the past but things are being put in place to rectify that situation. Will we have bumps and bruises on the way, absolutely but hopefully things will get better as the GDP suggested as well. . .
  • #77,373
  • May 1, 2008 4:48am May 1, 2008 4:48am
Quoting OrionsWay
dogol by asking that ? i would say your should play euro, for those 2 are a ride on volatile and wild, each in their own time, no disrespect, FX is the lions den to begin with and these 2 are like jumping in a ring with raptures, can really consume ones account if not fully prepared
thanks for the answer ... I already had demo account (just 1 week) but more than 100% performance (I'm newbie)

but I need more experiece trader who can give me advice the advantages or disadvantages from GBP/JPY and GBP/CHF ....

IMO ... GBP/CHF moves same like GBP/JPY but less volatility ....

In Attch. my demo account by northfinance ...
  • #77,374
  • Edited 4:50am May 1, 2008 4:49am | Edited 4:50am
Quoting quecee5
Loving this system bro, starting to pay off with all the time and effort. . .
I can see so clearly now that the rain is gone =
Tis working really well...It's been very hard to trade what the system says and NOT what you think you see though - but I'm getting there...I'm really pleased I found this thread and all the advice you guys have given me. Much appreciated Q and everyone....I never thought I would recoup the beast's 40% drawdown before arriving on this forum, but here we are and the sun is shinning - Thankyou everyone!
  • #77,375
  • May 1, 2008 4:49am May 1, 2008 4:49am
So Wave 4 is about half done with projected completion at 214...MASSIVE!

Just learnt a load, love this thread, thanks Q
Money & Pain Respect the market, protect your capital, be patient
  • #77,376
  • May 1, 2008 4:51am May 1, 2008 4:51am
Quoting dogol
thanks for the answer ... I already had demo account (just 1 week) but more than 100% performance (I'm newbie)

but I need more experiece trader who can give me advice the advantages or disadvantages from GBP/JPY and GBP/CHF ....

IMO ... GBP/CHF moves same like GBP/JPY but less volatility ....

In Attch. my demo account by northfinance ...
Yes i understand, and not trying to discourage, wisdom in trading is only gained by doing, falling on face brushing off and learning all about self. 85% of trading is about ones psychology/self mastery. Demo just cannot provide them skills in the real world sorry. Risk management, trade management, money management, Emotional outbreaks, panic fear of winning fear of lossing pulling the trigger LOL just a cpl off the top of my head
"Millionaires don't use astrology, billionaires do"
  • #77,377
  • May 1, 2008 4:53am May 1, 2008 4:53am
please give me advice ... I still have learn a lot ....
Attached Image (click to enlarge)
Click to Enlarge Name: demo.jpg Size: 151 KB
  • #77,378
  • May 1, 2008 4:53am May 1, 2008 4:53am
Quoting dogol
thanks for the answer ... I already had demo account (just 1 week) but more than 100% performance (I'm newbie)

but I need more experiece trader who can give me advice the advantages or disadvantages from GBP/JPY and GBP/CHF ....

IMO ... GBP/CHF moves same like GBP/JPY but less volatility ....

In Attch. my demo account by northfinance ...
You are right, because they are both European currencies. (More often someone need Pounds or Francs in Europe, and not Yen) GBP/CHF, EUR/CHF are easier to trade for newbies. Sometimes GBP/JPY move more, this month not. Look at CHF/JPY and you will see why.
  • #77,379
  • May 1, 2008 4:57am May 1, 2008 4:57am
Quoting dogol
please give me advice ... I still have learn a lot ....

any account that doubles in a week is likely to be wiped out sooner rather than later. My advice - read all the stuff on money management you can find.
TRADE FOR SWAP
  • #77,380
  • May 1, 2008 4:57am May 1, 2008 4:57am
Quoting shakesfx
Tis working really well...It's been very hard to trade what the system says and NOT what you think you see though - but I'm getting there...I'm really pleased I found this thread and all the advice you guys have given me. Much appreciated Q and everyone....I never thought I would recoup the beast's 40% drawdown before arriving on this forum, but here we are and the sun is shinning - Thankyou everyone!
Just make sure you have your SL in place because I see some slight downward pressure right now. . . Can always re-enter. . .
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