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

  • #81,781
  • May 16, 2008 12:54pm May 16, 2008 12:54pm
Dmac,

I wanted to help but apparently i'm not worthy. Good luck
  • #81,782
  • May 16, 2008 12:55pm May 16, 2008 12:55pm
Quoting piptrain
what is ur target for short?

I too see much that says short for next week and agree with what ur sayin.

My first target is 199.75, but I'll just adjust the SL downwards as we go. I'm sticking to the 4hr chart, so when I see the Zero Stochs maxed, divergence on the Zero MACD and the QQE about to cross up I think I'll be jumping from the trade. If this gathers some decent momentum we may even see 198 for a retest..that would be very nice indeed!!
  • #81,783
  • May 16, 2008 12:56pm May 16, 2008 12:56pm
Quoting Kurti
Dmac,

I wanted to help but apparently i'm not worthy. Good luck

Sorry dude. I was away for a few minutes. That's my problem I think. I'm just chasing price with no patience.
  • #81,784
  • May 16, 2008 12:56pm May 16, 2008 12:56pm
i see a ginormous oddly shaped bull bat thingy on my one hour chart.



glad i am done for the day gents..
  • #81,785
  • May 16, 2008 12:57pm May 16, 2008 12:57pm
Quoting shakesfx
Maybe I should have a SL above 250 instead of 205 then just to be safe??

Thanks, hope you've had a good week lilmoe!...lets see if I can get it right for once!! Don't expect to see much action though till early next week...holding this baby over the weekend though just in case it drops without me Sunday PM. Do you think it'll try for 205 again or maybe I could reduce the SL...decisions decisions...

yup. this week was great, i'm already at my monthly target (after today's wonderful 600 pips) i loaded 5% of my account (i know it's crazy, but like i said i trade risking everything i made above 20% profit), i locked in 140 pips for 70% of these and leaving he other 30% running. i'm really sorry if u didn't get to make good this week, but u're good enough to make it up

take care bro, hope u do well next week!
  • #81,786
  • May 16, 2008 1:00pm May 16, 2008 1:00pm
Quoting shakesfx
Maybe I should have a SL above 250 instead of 205 then just to be safe??

Thanks, hope you've had a good week lilmoe!...lets see if I can get it right for once!! Don't expect to see much action though till early next week...holding this baby over the weekend though just in case it drops without me Sunday PM. Do you think it'll try for 205 again or maybe I could reduce the SL...decisions decisions...
about ur trade.

it might, but i'm showing 201.97 first, which is 23.6 fib from the last big bear. i have a 4h candle closing below 203.32 (on my platform). if we get a big ass bounce from 23.6, then yes, but i would say 203.32 is a big ass resistance at that time. all depends on data and PA for now next week. but i could be wrong.
  • #81,787
  • May 16, 2008 1:01pm May 16, 2008 1:01pm
If 4h GJ close below 203.31, we might see 202 next week
  • #81,788
  • May 16, 2008 1:02pm May 16, 2008 1:02pm
Quoting lilmoe
yup. this week was great, i'm already at my monthly target (after today's wonderful 600 pips) i loaded 5% of my account (i know it's crazy, but like i said i trade risking everything i made above 20% profit), i locked in 140 pips for 70% of these and leaving he other 30% running. i'm really sorry if u didn't get to make good this week, but u're good enough to make it up

take care bro, hope u do well next week!

Great job bro. See ya next week. Maybe I'll be able to pull the trigger next time. Later.
  • #81,789
  • May 16, 2008 1:04pm May 16, 2008 1:04pm
Dmac, sorry I was impatient myself, I am about to leave to a friend.

Please post your decisions and the timeframe and I will try to help
  • #81,790
  • May 16, 2008 1:07pm May 16, 2008 1:07pm
Quoting lilmoe
yup. this week was great, i'm already at my monthly target (after today's wonderful 600 pips) i loaded 5% of my account (i know it's crazy, but like i said i trade risking everything i made above 20% profit), i locked in 140 pips for 70% of these and leaving he other 30% running. i'm really sorry if u didn't get to make good this week, but u're good enough to make it up

take care bro, hope u do well next week!

Thanks for the words of encouragement!! Glad you've done well bro!

Felt like chucking it this week I must admit. I MUST MUST MUST stick to trading what I see on the Chart and not what I think!!. I've increased the SL's and hopefully that'll stop me from getting whipped with this choppiness too!! OK, 4hr looks good and here's the daily...what do you think to the last 3/4 days candles?? Looks like a reversal has been confirmed to the South IMHO...

Also the 4hr didn't close below 203, in fact it decided to jump up 30 pips during the last 2 minutes of the hour... Slightly confused now...but could just be a freaky Friday movement before the weekend??

Cheers
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  • #81,791
  • May 16, 2008 1:08pm May 16, 2008 1:08pm
Quoting Kurti
Dmac, sorry I was impatient myself, I am about to leave to a friend.

Please post your decisions and the timeframe and I will try to help
Sorry gotta go now. Talk to you next week. O.K.?
  • #81,792
  • May 16, 2008 1:14pm May 16, 2008 1:14pm
Quoting lilmoe
about ur trade.

it might, but i'm showing 201.97 first, which is 23.6 fib from the last big bear. i have a 4h candle closing below 203.32 (on my platform). if we get a big ass bounce from 23.6, then yes, but i would say 203.32 is a big ass resistance at that time. all depends on data and PA for now next week. but i could be wrong.

I'm watching 203.32 as price is touching it at the moment...
  • #81,793
  • May 16, 2008 1:16pm May 16, 2008 1:16pm
that fact u said might be a bit worrying, but i do have tweezer tops on my the previous 2 candles. that was quite encouraging for me to go short. we have had similar situations that worried me, but i was surprised to see the price just fall or climb the way i wanted it from the first place. the good thing is that i have my shorts since 204 and my stop around 204.60. i usually drop my SL at the weekend cuz even if it gapped upwards, the price closes that gap most of the time.

by the way, at what price did u go short?


Quoting shakesfx
Thanks for the words of encouragement!! Glad you've done well bro!

Felt like chucking it this week I must admit. I MUST MUST MUST stick to trading what I see on the Chart and not what I think!!. I've increased the SL's and hopefully that'll stop me from getting whipped with this choppiness too!! OK, 4hr looks good and here's the daily...what do you think to the last 3/4 days candles?? Looks like a reversal has been confirmed to the South IMHO...

Also the 4hr didn't close below 203, in fact it decided to jump up 30 pips during the last 2 minutes of the hour... Slightly confused now...but could just be a freaky Friday movement before the weekend??

Cheers
  • #81,794
  • May 16, 2008 1:22pm May 16, 2008 1:22pm
Quoting lilmoe
that fact u said might be a bit worrying, but i do have tweezer tops on my the previous 2 candles. that was quite encouraging for me to go short. we have had similar situations that worried me, but i was surprised to see the price just fall or climb the way i wanted it from the first place. the good thing is that i have my shorts since 204 and my stop around 204.60. i usually drop my SL at the weekend cuz even if it gapped upwards, the price closes that gap most of the time.

by the way, at what price did u go short?
I went Short at 202.90...wouldve gone Short at above 204, but as you know I stayed away till earlier today. Looks like we're going North to find some more sellers now (203.53)...Don't think they'll be too far away.
  • #81,795
  • May 16, 2008 1:24pm May 16, 2008 1:24pm
Post#
Would like to mention this again before everyone says short

#81740

#81438
  • #81,796
  • May 16, 2008 1:24pm May 16, 2008 1:24pm
DOW rally (profit taking) pulling price up... should be short lived.
Addicted and proud of it!
  • #81,797
  • May 16, 2008 1:29pm May 16, 2008 1:29pm
It seems it wants to go to the 1h 100sma (203.7). Ephisi, are you there?
Patience + Discipline - Greed = Success
  • #81,798
  • May 16, 2008 1:29pm May 16, 2008 1:29pm
Quoting shakesfx
I went Short at 202.90...wouldve gone Short at above 204, but as you know I stayed away till earlier today. Looks like we're going North to find some more sellers now (203.53)...Don't think they'll be too far away.

shakes. plz don't try to trade friday, especially at the end of the day. it's a bit risky. i've been short since more than 12 hours now. but i'm thinking u'll be ok


take care, i'm off for the week lots of "other" duties to do. right jacko? hehehe


see ya folks, it's been nice trading with you guys today
u too shakes, wish u the BEST of luck.
  • #81,799
  • May 16, 2008 1:30pm May 16, 2008 1:30pm
Quoting vinesh2
Post#
Would like to mention this again before everyone says short

#81740

#81438

So we need a close below 203.50 for a chance of decent Shorts?

BTW thanks for you post when I was having a few bad days...I was overtrading and took your advice...Cheers Bro..
  • #81,800
  • May 16, 2008 1:30pm May 16, 2008 1:30pm
Quoting Infinity
It seems it wants to go to the 1h 100sma (203.7). Ephisi, are you there?

im showing 4h 5sma @.75 at my platform


see ya!
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