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

  • #79,421
  • May 8, 2008 9:54am May 8, 2008 9:54am
Quoting Infinity
I don't hedge, I use stop loss,reduce losing positions and add to winning ones. This remaining position I have is very small thus drawdown is very small. Thanks for your concern but I'll know when to close this trade....and looking at my 4h candles, it could be soon.
peace with you my friend.. Just be happy

I want to help if I can..

Be safe...
  • #79,422
  • May 8, 2008 9:57am May 8, 2008 9:57am
Quoting Piters
peace with you my friend.. Just be happy

I want to help if I can..

Be safe...
I really appreciate it man, no worries. We should look out for each other, thats what this forum is all about.
Patience + Discipline - Greed = Success
  • #79,423
  • May 8, 2008 10:04am May 8, 2008 10:04am
GC is bi bi
  • #79,424
  • May 8, 2008 10:07am May 8, 2008 10:07am
Quoting hussin naiji
GC is bi bi
aa, ohhh you mean BI. BI, BYE ??
  • #79,425
  • May 8, 2008 10:08am May 8, 2008 10:08am
hi all,

can anyone tell me how to figure out resistance and support levels? Thanks
  • #79,426
  • May 8, 2008 10:11am May 8, 2008 10:11am
lets go back 204
  • #79,427
  • May 8, 2008 10:11am May 8, 2008 10:11am
ohio,

www.babypips.com

good luck!

Quoting MakuSoto
hi all,

can anyone tell me how to figure out resistance and support levels? Thanks
  • #79,428
  • May 8, 2008 10:12am May 8, 2008 10:12am
Quoting PandoraBox
If H1 GJ close below 203...we will see 200...5minute
so why we go UP??
Veni, vidi, vici...
  • #79,429
  • May 8, 2008 10:13am May 8, 2008 10:13am
Quoting lucatony29
lets go back 204

i know it's not like me, but i added a long position at 202.58
  • #79,430
  • May 8, 2008 10:14am May 8, 2008 10:14am
This is what I am seeing. I am a stubborn guy, aren't I.


Anyway, this day close will speak for itself.


Bless
Attached Image (click to enlarge)
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Patience + Discipline - Greed = Success
  • #79,431
  • May 8, 2008 10:14am May 8, 2008 10:14am
nice
Currently Active Users Viewing This Thread: 139 (62 members and 77 guests)
  • #79,432
  • May 8, 2008 10:15am May 8, 2008 10:15am
Quoting sikacek
so why we go UP??
Dow retracement, but if we can have a look at the charts I posted earlier, we can also understand that we are in pretty scary situation, so the process is not linear, a lot of support to way down is expected.
  • #79,433
  • May 8, 2008 10:16am May 8, 2008 10:16am
Quoting lilmoe
i know it's not like me, but i added a long position at 202.58
  • #79,434
  • May 8, 2008 10:18am May 8, 2008 10:18am
Quoting sikacek
so why we go UP??
Profit taking....then Big Boys short again with new margin.
  • #79,435
  • May 8, 2008 10:18am May 8, 2008 10:18am
Quoting Piters
Dow retracement, but if we can have a look at the charts I posted earlier, we can also understand that we are in pretty scary situation, so the process is not linear, a lot of support to way down is expected.
now i see..

thanks for your reply
Veni, vidi, vici...
  • #79,436
  • May 8, 2008 10:19am May 8, 2008 10:19am
Quoting PandoraBox
Profit taking....then Big Boys short again with new margin.
so it's mean they are loading their guns??
Veni, vidi, vici...
  • #79,437
  • May 8, 2008 10:20am May 8, 2008 10:20am
As long as we dont close below 198 this is still considered consolidation from the last low we had around Apr 14th
  • #79,438
  • May 8, 2008 10:21am May 8, 2008 10:21am
Quoting sikacek
so it's mean they are loading their guns??

Yup and with New Guns
  • #79,439
  • May 8, 2008 10:23am May 8, 2008 10:23am
Quoting Piters
aa, ohhh you mean BI. BI, BYE ??
dera piters
i have worked with telex line and for thrift in telex cost i have taped word bi substitute bye
therefore i have saved for a letter.but this my havit remainder with i
  • #79,440
  • May 8, 2008 10:23am May 8, 2008 10:23am
Quoting MakuSoto
hi all,

can anyone tell me how to figure out resistance and support levels? Thanks
mate start with Pivots, Daily and weekly, as monthly are not so powerful with GY (with my experiance); Also try with 50ema, 100sma, 200ema as S/R guides on 1H, 4H, Daily, Weekly.. Fibonachi retracement can help a lot specially when retrace is ON after a big move down and Up, and on the TOP you can try EW theory (litlle bit complicated but not so hard) just to keep you awake and to learn how to count basic swings, and expecations of next move Up or Down..

You can have a look here, on FF, on www.babypips.com or some FX tools on http://www.mataf.net/en/forex/trading/
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