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

  • #85,641
  • May 29, 2008 1:38pm May 29, 2008 1:38pm
Quoting mktjong
I have shorted it for 14 lots .. the last one was @208.82 ..
I'm on the same boat bro.
  • #85,642
  • May 29, 2008 1:40pm May 29, 2008 1:40pm
It's dropping like a rock right now!
  • #85,643
  • May 29, 2008 1:40pm May 29, 2008 1:40pm
Quoting khaled22
yes Q te stop loss above 209.25 because its R3 , so i put my sl 209.90 which we can say R4
R4.... LOL... bro.
  • #85,644
  • May 29, 2008 1:41pm May 29, 2008 1:41pm
Quoting Vfforexlee
Great, that's my plan as well!

Hey quecee, where did you learn most about forex? You said you got it from some big players in the forex market, is that true?
I learned by studying the charts for hours getting little sleep for over 6 months. Something we all do when starting out. . . Then asking lots of questions and studying and researching more, then asking more questions, studying and practicing, then aking more questions and doing more research, then asking more questions. . .

Once that was all said and done, I start trusting my charts and my startegy. If I made a mistake on a trade I cut the computer off for a day or two, to study what went wrong in my decision making. . . Then I asked questions and studied some more. . .

I guess the take away is studied, asked questions, research, practice, ask more question and be discipline when you find something that works for you. . .

Forex is a continued learning process, never ending. . .
  • #85,645
  • May 29, 2008 1:42pm May 29, 2008 1:42pm
Did Benny speak yet ????
What a great leading indicator !
  • #85,646
  • May 29, 2008 1:42pm May 29, 2008 1:42pm
Quoting OrionsWay
mercury retrograde motion affecting tops in oil and gold today


we may of seen hi's and lo's today being made
Agreed. . .
  • #85,647
  • May 29, 2008 1:44pm May 29, 2008 1:44pm
Quoting quecee5
I learned by studying the charts for hours getting little sleep for over 6 months. Something we all do when starting out. . . Then asking lots of questions and studying and researching more, then asking more questions, studying and practicing, then aking more questions and doing more research, then asking more questions. . .

Once that was all said and done, I start trusting my charts and my startegy. If I made a mistake on a trade I cut the computer off for a day or two, to study what went wrong in my decision making. . . Then I asked questions and studied some more. . .

I guess the take away is studied, asked questions, research, practice, ask more question and be discipline when you find something that works for you. . .
Here's my question for you: Is this day one of the most intense you have seen? I'm just starting on this pair(GBPJPY) and I've learned quite a lot over the past few days. I've spent over 7 hours yesterday just looking at this pair! Talk about intense!
  • #85,648
  • May 29, 2008 1:45pm May 29, 2008 1:45pm
Quoting Vfforexlee
It's dropping like a rock right now!
I don't think the actual down movement has started yet.
wait till both 1hr qqe5 and 60 cross down. I think we will see it dropping like a rock then.
  • #85,649
  • May 29, 2008 1:46pm May 29, 2008 1:46pm
with any luck this builds an evening star on 4hrs,

put more on 8.68
"Millionaires don't use astrology, billionaires do"
  • #85,650
  • May 29, 2008 1:46pm May 29, 2008 1:46pm
great, now all the tough resistances are now TOUGHER supports.
  • #85,651
  • May 29, 2008 1:47pm May 29, 2008 1:47pm
u need to watch how "intense" a 1500 pip drop is... i just hope we see one again.

Quoting Vfforexlee
Here's my question for you: Is this day one of the most intense you have seen? I'm just starting on this pair(GBPJPY) and I've learned quite a lot over the past few days. I've spent over 7 hours yesterday just looking at this pair! Talk about intense!
  • #85,652
  • May 29, 2008 1:47pm May 29, 2008 1:47pm
Quoting lilmoe
i hate to show u guys this.....

take a look

Attachment
next candle on 4Hr is up to 209.20 ish .....
  • #85,653
  • May 29, 2008 1:48pm May 29, 2008 1:48pm
Quoting lilmoe
hah!!

on bloomberg right now, oil will reach 100$ by the end of this year..... talk about analysis
No you talk about timing? Bush and the oil guys will be on the way out of office and oil prices go down. . . Imagine that =
  • #85,654
  • May 29, 2008 1:48pm May 29, 2008 1:48pm
Quoting OrionsWay
with any luck this builds an evening star on 4hrs,

put more on 8.68

  • #85,655
  • May 29, 2008 1:49pm May 29, 2008 1:49pm
i could swear i said that a year ago and once more a couple of days ago...


Quoting quecee5
No you talk about timing? Bush and the oil guys will be on the way out of office and oil prices go down. . . Imagine that =
  • #85,656
  • May 29, 2008 1:49pm May 29, 2008 1:49pm
Quoting lilmoe
great, now all the tough resistances are now TOUGHER supports.

Lilmoe, for every buyer is a seller, professional money sells into rallies to the suckers and vice versa. If they were selling whats makes u think they are going to support it, if those who bought are now exhausted like the prior and current 4hr barsuggests, looks like exhaustion to me. But who knows
"Millionaires don't use astrology, billionaires do"
  • #85,657
  • May 29, 2008 1:50pm May 29, 2008 1:50pm
Quoting lilmoe
u need to watch how "intense" a 1500 pip drop is... i just hope we see one again.
Maybe this might be the one!
  • #85,658
  • May 29, 2008 1:54pm May 29, 2008 1:54pm
Quoting OrionsWay
mercury retrograde motion affecting tops in oil and gold today


we may of seen hi's and lo's today being made
What happened to Dow and G/Y last time Mercury went retro ???
  • #85,659
  • May 29, 2008 1:56pm May 29, 2008 1:56pm
Quoting OrionsWay
Lilmoe, for every buyer is a seller, professional money sells into rallies to the suckers and vice versa. If they were selling whats makes u think they are going to support it, if those who bought are now exhausted like the prior and current 4hr barsuggests, looks like exhaustion to me. But who knows
Well stated. . .
  • #85,660
  • May 29, 2008 1:56pm May 29, 2008 1:56pm
Quoting Rustyyy
What happened to Dow and G/Y last time Mercury went retro ???
Pray tell...somebody! anybody!
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