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

  • #83,641
  • May 22, 2008 12:23pm May 22, 2008 12:23pm
Quoting WarrenBuffet
no loss no forex.

I'll make a lovely loss if I close these Shorts LOL. Going to hold them for a while longer though to see if this divergence works through from the 30m to the 1hr etc.
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  • #83,642
  • May 22, 2008 12:23pm May 22, 2008 12:23pm
Quoting msniper
me too but i am aiming 25 pips only lol


make sure you set wide SL to prevent SL hunt done by your broker


1,000 pips would be enough
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #83,643
  • May 22, 2008 12:26pm May 22, 2008 12:26pm
Quoting WarrenBuffet
make sure you set wide SL to prevent SL hunt done by your broker


1,000 pips would be enough
..Hi every one.Any hammer again for geepy?.
  • #83,644
  • May 22, 2008 12:28pm May 22, 2008 12:28pm
Quoting shakesfx
I'll make a lovely loss if I close these Shorts LOL. Going to hold them for a while longer though to see if this divergence works through from the 30m to the 1hr etc.
yeap shakes.Would like to see minor divergence/retracement to reenter long..
  • #83,645
  • May 22, 2008 12:31pm May 22, 2008 12:31pm
So its a few more days and some red pips to bear out until 190, I can wait.
Money & Pain Respect the market, protect your capital, be patient
  • #83,646
  • May 22, 2008 12:40pm May 22, 2008 12:40pm
Quoting WarrenBuffet
make sure you set wide SL to prevent SL hunt done by your broker


1,000 pips would be enough
i dont use stop lose

cause i dont sleep and i have open deal unless i am in huge profit hehe.

so i usually stop my lose manually

so let my broker get inside my brain and read lol.
  • #83,647
  • May 22, 2008 12:46pm May 22, 2008 12:46pm
OK thats nearly 4 hours at this level, my patience is starting to wear a little thin.

If we were going to drop, surely it would've happened by now?
  • #83,648
  • May 22, 2008 12:52pm May 22, 2008 12:52pm
me thinks it'll head up to 209 ish before falling
  • #83,649
  • May 22, 2008 12:53pm May 22, 2008 12:53pm
Quoting shakesfx
OK thats nearly 4 hours at this level, my patience is starting to wear a little thin.

If we were going to drop, surely it would've happened by now?
I think you've waken it.
  • #83,650
  • May 22, 2008 1:07pm May 22, 2008 1:07pm
i've mentioned a pattern yesterday, quecee said it was a continuation patter, but now i found out it was a reversal (very obvious reversal) pattern... oh well...
  • #83,651
  • May 22, 2008 1:08pm May 22, 2008 1:08pm
Quoting lilmoe
i've mentioned a pattern yesterday, quecee said it was a continuation patter, but now i found out it was a reversal (very obvious reversal) pattern... oh well...
yeah i remember I was thinking the same thing this morning
  • #83,652
  • May 22, 2008 1:09pm May 22, 2008 1:09pm
thank God for stop losses lol
  • #83,653
  • May 22, 2008 1:14pm May 22, 2008 1:14pm
$$
Trade what you see, not what you think.
  • #83,654
  • May 22, 2008 1:16pm May 22, 2008 1:16pm
Quoting Scotty B
This is based off what I learned from skunny then observed on every chart I could find. In the beginning Skunny had us fib individual candles and watch for a breach of the high or low. Most of the time price will go to hit the ext in the direction price breached or hinted as I like to call it. When the ext are not met right away, price will usually go and bounce of the inner fibs, many times hitting the 50 or 61 then going back the other way in the direction it hinted earlier- finishing the cycle it started, be it long or short. Cycles as I know them begin with a hint of direction-inner retrace- on to target. Or Hint of direction and right on to ext. you never know which of the two cycles you'll get, but its usually the first one, especially on the larger moves.
I fib certain fractals and wait for cycle completions, then I adjust my fib when cycles are met. I used to fib one candle at a time and it works to a certain degree using skunny principles but it is not a very reliable method, because it takes no account of market direction in the big picture. Fibbing fractals-or swings is the way to trading consistently. The biggest obstacle is myself and my mistakes, as I just tripped over myself yesterday and was stopped out. The hardest part is finding the current active cycles, but it gets easier as time goes on.

Scotty B
Thank you for sharing what you have learned. I will work to apply what you have learned.
  • #83,655
  • May 22, 2008 1:16pm May 22, 2008 1:16pm
Quoting karmostaji
$$
cangratz Karmo great job!! we are very close to 207
  • #83,656
  • May 22, 2008 1:17pm May 22, 2008 1:17pm
Bears are praying
Bulls are partying
Trade what you see, not what you think.
  • #83,657
  • May 22, 2008 1:18pm May 22, 2008 1:18pm
Price cross lower trend line, tomorrow we will see 207 during Asian session and 208 - London session.
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  • #83,658
  • May 22, 2008 1:18pm May 22, 2008 1:18pm
so what happened? almost 400 pips in a day without major news?
Nihil Sine Deo.
  • #83,659
  • May 22, 2008 1:19pm May 22, 2008 1:19pm
Quoting Scrat
so what happened?
Oil went up but GJ exploded upwards (Ooopsie lilmoe!)
Trade what you see, not what you think.
  • #83,660
  • May 22, 2008 1:22pm May 22, 2008 1:22pm
Quoting karmostaji
if the 4h candle closes here (15 mins to go), then next TP area 205.50 and 206.40
2nd TP HIT!
Trade what you see, not what you think.
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