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

  • #86,281
  • May 30, 2008 3:39pm May 30, 2008 3:39pm
Quoting Que
My broker is closed. No order took place (IBFX)
  • #86,282
  • May 30, 2008 3:39pm May 30, 2008 3:39pm
naughty big boys ...
Discipline + Patience - Fear - Greed = Success
  • #86,283
  • May 30, 2008 3:41pm May 30, 2008 3:41pm
Quoting lilmoe
naaaah, que's a good sport

we're buddies (i hope)
Aye,

Though I would have broken the monitor lol. Maybe more to see that happen in 10 seconds. I do not mind losing 2%. I am very unattached to an individual trade. But to see a trade activate then die in liturally 10 seconds would have totally pissed me off.

And as ak4x said. I had no worries.
Que
  • #86,284
  • May 30, 2008 3:42pm May 30, 2008 3:42pm
Quoting Vfforexlee
... Now I know that using the stoploss at 30 pips in GBPJPY is ridiculous.
And that is called "learning".

Stops on GY and similar stuff like malcombs mini-dow thingies are like jumping out of an airplane with a parachute. . Sometimes they work the way you hope and sometimes not. (Study pic carefully)
Attached Image
FUBAR...
  • #86,285
  • May 30, 2008 3:43pm May 30, 2008 3:43pm
Quoting malcolmb14
Rusty

YM hit 12687 high of day ( yeterdays hod was 12724). and closed at 12608 , about 20 points under yesterdays close.

Daily dj has an inside reversal candle and as long as we stay under 12700 I am bearish
I know, I just don't understand the disconnection from equities.

I have a spike down on YMM8 to 12587 right at close. Bearish as well.

Just frustrated !


Hope everyone has a great weekend !!!

  • #86,286
  • May 30, 2008 3:44pm May 30, 2008 3:44pm
I am glad the trade didnt happen,Que.

I am happy for u and all those for whom this trade didnt happen and actually i got a better entry for myself with that spike at 209.20.

now hope it gaps down instead of upwards.
  • #86,287
  • May 30, 2008 3:48pm May 30, 2008 3:48pm
Quoting ak4x
And that is called "learning".

Stops on GY and similar stuff like malcombs mini-dow thingies are like jumping out of an airplane with a parachute. . Sometimes they work the way you hope and sometimes not. (Study pic carefully)
What's your average pips of stop loss?
  • #86,288
  • May 30, 2008 3:50pm May 30, 2008 3:50pm
Quoting Que
My broker is closed. No order took place (IBFX)
Mine still open, u wanna go long or short
still +28 hmmm should i open short with it? any idea?
  • #86,289
  • May 30, 2008 3:52pm May 30, 2008 3:52pm
Quoting iksh
I am glad the trade didnt happen,Que.

I am happy for u and all those for whom this trade didnt happen and actually i got a better entry for myself with that spike at 209.20.

now hope it gaps down instead of upwards.
Me to...

Not looking good though. Gonna close above 209.20....
Que
  • #86,290
  • May 30, 2008 3:58pm May 30, 2008 3:58pm
Quoting Vfforexlee
Do you guys think that putting a stoploss in the Beast is a risky idea?

EDIT: I have done this five times and stopped out five times but the price were at 208.45. My stoploss was 30 pips. Now I know that using the stoploss at 30 pips in GBPJPY is ridiculous.
Hi Vfforexlee,

This is just my opinion but not useing a stoploss is a risky idea.

As far as useing a 30 pip S/L that is fine its the entry that is important, check my posts from this morning .......I used a 30 pip S/L after buying at 80.
Also bought twice on a retest of the pivot once broken with a 20 pip stop.
  • #86,291
  • May 30, 2008 4:00pm May 30, 2008 4:00pm
Quoting Wolf.
Hi Vfforexlee,

This is just my opinion but not useing a stoploss is a risky idea.

As far as useing a 30 pip S/L that is fine its the entry that is important, check my posts from this morning .......I used a 30 pip S/L after buying at 80.
Also bought twice on a retest of the pivot once broken with a 20 pip stop.
That was a great entry! I also have a couple of my trades at the .80-83 but two days ago they were stopped up because the beast kept going up...They used to be at 208.19...

Now I should know better...right, "learning".
  • #86,292
  • May 30, 2008 4:01pm May 30, 2008 4:01pm
closing price at 209.10

how's that for a party pooper



so i can sleep well, that's why

see ya later guys.
  • #86,293
  • May 30, 2008 4:03pm May 30, 2008 4:03pm
Gotta go mow the lawn.

Here's something to dream about over the weekend for us perma-bears...
Attached Image (click to enlarge)
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FUBAR...
  • #86,294
  • May 30, 2008 4:06pm May 30, 2008 4:06pm
wat a great close indeed...so now now..what say the bears who were at the bottom of the hill?
  • #86,295
  • May 30, 2008 4:11pm May 30, 2008 4:11pm
Quoting Vfforexlee
That was a great entry! I also have a couple of my trades at the .80-83 but two days ago they were stopped up because the beast kept going up...They used to be at 208.19...

Now I should know better...right, "learning".
You've confused me lol do you mean you shorted there? I am long from 207.8 and from way lower.
  • #86,296
  • May 30, 2008 4:21pm May 30, 2008 4:21pm
Quoting ak4x
Gotta go mow the lawn.

Here's something to dream about over the weekend for us perma-bears...
Well...if its any help...MB Trading closed at 209.05 and my 13 pip range bar charts have sell signals coming from ergotic and cci...gooooo bears!!!!
  • #86,297
  • May 30, 2008 4:34pm May 30, 2008 4:34pm
Dukascopy closed at 209.15 so this is the actual close of the markets! Still short!!
  • #86,298
  • May 30, 2008 4:37pm May 30, 2008 4:37pm
i was going to stick on a short and have SL at 209.20 but refrained by saying I'd assess on Sunday or Monday. I feel lucky.

Alpari closed at 209.14 .....
  • #86,299
  • May 30, 2008 4:48pm May 30, 2008 4:48pm
Can this be sustained on such weak volumes, not so certain, Major angle breach
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"Millionaires don't use astrology, billionaires do"
  • #86,300
  • May 30, 2008 4:57pm May 30, 2008 4:57pm
Hi can anyone log into their vtrader accounts??? i can't log in..is it me or r u guys having the same problems
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