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

  • #84,661
  • May 27, 2008 4:55pm May 27, 2008 4:55pm
Quoting OrionsWay
Yea moeny to bemade MT shorting euros most definately

i was talking a couple of days back about a huge reversal for euro, what's ur say on that?? check out the daily chart.
  • #84,662
  • May 27, 2008 4:57pm May 27, 2008 4:57pm
DAMMIT i really wanted to short oil at 133, look how this thing is tanking, now trading at 128.25


talk about "no guts no glory" crap
  • #84,663
  • May 27, 2008 4:59pm May 27, 2008 4:59pm
Quoting lilmoe
i was talking a couple of days back about a huge reversal for euro, what's ur say on that?? check out the daily chart.
i've been short bias euro's since that last peak this recent run up is either 2 or B 3 or C coming
"Millionaires don't use astrology, billionaires do"
  • #84,664
  • May 27, 2008 5:01pm May 27, 2008 5:01pm
EU is the only pair I will consider trading like this. With the 2 pips spread (Sometimes 1 on IBFX lately). It is also a much slower beast then pairs like GJ. But as you see it tends to respect these lines pretty well. These are my last 7 trades on the EU. Pretty good hit rate.

If this trade were successful I would have looked at a short around ~1.5740. As it did not, I will look at a long around ~1.5630. I risk 2% with a 20-25 pip stop with the EU depending on what marker we are on. I look for 30-60 pips depending on what marker we are on.

Just how I see this pair. Not an agressive pair at all...
Que
  • #84,665
  • May 27, 2008 5:02pm May 27, 2008 5:02pm
Quoting Que
EU is the only pair I will consider trading like this. With the 2 pips spread (Sometimes 1 on IBFX lately). It is also a much slower beast then pairs like GJ. But as you see it tends to respect these lines pretty well. These are my last 7 trades on the EU. Pretty good hit rate.

If this trade were successful I would have looked at a short around ~1.5740. As it did not, I will look at a long around ~1.5630. I risk 2% with a 20-25 pip stop with the EU depending on what marker we are on. I look for 30-60 pips depending on what marker we are on.

Just how I see this pair. Not an agressive pair at all...
Forgot Pic
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 29 KB
Que
  • #84,666
  • May 27, 2008 5:02pm May 27, 2008 5:02pm
Quoting lilmoe
DAMMIT i really wanted to short oil at 133, look how this thing is tanking, now trading at 128.25


talk about "no guts no glory" crap
Hi bro,

Don't u need brain in your formula .. no guts .. no glory .. no brain = misery, no guts .. no glory .. plus brain = green pips ..
  • #84,667
  • May 27, 2008 5:03pm May 27, 2008 5:03pm
Quoting OrionsWay
i've been short bias euro's since that last peak this recent run up is either 2 or B 3 or C coming

i'm with u on that one. shorts are surely safe than longs on euros for the medium and longer run.
  • #84,668
  • May 27, 2008 5:03pm May 27, 2008 5:03pm
Quoting Que
EU is the only pair I will consider trading like this. With the 2 pips spread (Sometimes 1 on IBFX lately). It is also a much slower beast then pairs like GJ. But as you see it tends to respect these lines pretty well. These are my last 7 trades on the EU. Pretty good hit rate.

If this trade were successful I would have looked at a short around ~1.5740. As it did not, I will look at a long around ~1.5630. I risk 2% with a 20-25 pip stop with the EU depending on what marker we are on. I look for 30-60 pips depending on what marker we are on.

Just how I see this pair. Not an agressive pair at all...
yes absolutely u can just even play the ledge breakouts on 4hrs and make a ton and thats having no bias at all
"Millionaires don't use astrology, billionaires do"
  • #84,669
  • May 27, 2008 5:05pm May 27, 2008 5:05pm
Oh, if anyone is currious, I am also short USDCHF and USDJPY. Using the same technique only on the H4 charts.

GJ looks like a short, but I already have my max % tied up with the other two trades. The EU freed up some %, but as I lost the trade, I lower my % untill I have at least one trade at BE or better.
Que
  • #84,670
  • May 27, 2008 5:05pm May 27, 2008 5:05pm
Quoting lilmoe
i'm with u on that one. shorts are surely safe than longs on euros for the medium and longer run.
Still in an uptrend until Jacko says otherwise! I just added some longs
Money & Pain Respect the market, protect your capital, be patient
  • #84,671
  • May 27, 2008 5:06pm May 27, 2008 5:06pm


Quoting mktjong
Hi bro,

Don't u need brain in your formula .. no guts .. no glory .. no brain = misery, no guts .. no glory .. plus brain = green pips ..
  • #84,672
  • May 27, 2008 5:08pm May 27, 2008 5:08pm
Quoting toyboy tramp
Still in an uptrend until Jacko says otherwise! I just added some longs

huh? u'll see 1.45 way before 1.60 bro, i bet 5 pips on that.
  • #84,673
  • May 27, 2008 5:08pm May 27, 2008 5:08pm
Quoting OrionsWay
yes absolutely u can just even play the ledge breakouts on 4hrs and make a ton and thats having no bias at all
Heh, I just wanted to explain that I was not out of my mind thinking the EU was going to rocket north. A lot of new people to this forum hit this thread specifically due to the amount of views/posts in it and I do not want them to assume things. This does not apply to you obviously Orion.
Que
  • #84,674
  • May 27, 2008 5:09pm May 27, 2008 5:09pm
Quoting toyboy tramp
Still in an uptrend until Jacko says otherwise! I just added some longs
This is what I was refering to Orion...
Que
  • #84,675
  • May 27, 2008 5:10pm May 27, 2008 5:10pm
Quoting lilmoe
huh? u'll see 1.45 way before 1.60 bro, i bet 5 pips on that.

dailies and weeklies say it all.
  • #84,676
  • May 27, 2008 5:12pm May 27, 2008 5:12pm
Quoting Que
This is what I was refering to Orion...

  • #84,677
  • May 27, 2008 5:14pm May 27, 2008 5:14pm
Quoting toyboy tramp
Still in an uptrend until Jacko says otherwise! I just added some longs
yikes just had a 4hr break out of the bottom with massive buying volume only to liquidate, Good luck

the 5th 4hr bar back tells the story for now, called an upthrust designed to trap longs and quickly retreat as they sell off. and the bunch of bars before that scream no demand
"Millionaires don't use astrology, billionaires do"
  • #84,678
  • May 27, 2008 5:14pm May 27, 2008 5:14pm
Quoting lilmoe
dailies and weeklies say it all.
I am not seeing it, what should I be looking at?
Attached Images
Money & Pain Respect the market, protect your capital, be patient
  • #84,679
  • May 27, 2008 5:15pm May 27, 2008 5:15pm
Quoting lilmoe
dailies and weeklies say it all.
We'll see 1.59 area then 1.50 then may be your target 1.43 or something
  • #84,680
  • May 27, 2008 5:15pm May 27, 2008 5:15pm
Quoting lilmoe
I'm just saying...

Jacko may be a very good trader as he has proven this in the past. But to blindly follow another without self thought or analysis is foolish at best. I'm trading with my families money, not Jacko's...
Que
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