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

  • #96,921
  • Jun 25, 2008 7:46am Jun 25, 2008 7:46am
Quoting Evilgoat
there is no need for insults
not an insult... they told me they wernt smart
Fear's for the other guy
  • #96,922
  • Jun 25, 2008 7:48am Jun 25, 2008 7:48am
Quoting mrhurley1
not an insult... they told me they wernt smart
Ok, but how about some encouragement?
  • #96,923
  • Jun 25, 2008 7:49am Jun 25, 2008 7:49am
Quoting pip mom
thank you and no I do not have alot of $$$$ I am reading and watching all time Thank you guys
yea the worst thing u can do is to just ask people what way a currency is going...because nobody in the world knows where any market will go all we can do is make sound judgment using proobabilities that have been proven to work in the past and they usually work in the future...make your own analysis, teach yourself and trust your analysis
Fear's for the other guy
  • #96,924
  • Jun 25, 2008 7:50am Jun 25, 2008 7:50am
Quoting mrhurley1
not an insult... they told me they wernt smart

so she did. sorry I should have read a couple post up I thought you were just being rude. my bad.
  • #96,925
  • Jun 25, 2008 7:50am Jun 25, 2008 7:50am
Quoting forexmoments
Ok, but how about some encouragement?
all good!
Fear's for the other guy
  • #96,926
  • Jun 25, 2008 7:51am Jun 25, 2008 7:51am
I am not insulted You have to understand I am a Mother so I have thick skin
  • #96,927
  • Jun 25, 2008 7:53am Jun 25, 2008 7:53am
Quoting pip mom
I am not insulted You have to understand I am a Mother so I have thick skin

yea wasnt tryin to insult..just paraphrasing...any way stop tellin people your not smart and do some studyin no one knew how to trade b4 they started..just takes time about a year or so just to get to grips with price behaviour
Fear's for the other guy
  • #96,928
  • Jun 25, 2008 7:57am Jun 25, 2008 7:57am
PM, alot of great analysis on this thread, only problem is that if u dont know how to trade any certain anayalsis being projected you will probably lose, so learn from the posts try and understand what that person is thinking and develop your own methods based on whatever you have learned. time tested is the key to any method. Slow and steady wins this race, gung ho becomes a statistic in the account balance trust me on that.
"Millionaires don't use astrology, billionaires do"
  • #96,929
  • Jun 25, 2008 7:58am Jun 25, 2008 7:58am
Quoting mrhurley1
well if your not too smart please go and do some studyin... babypips.com will start u in the right direction
Pip Mom,
the answer is 200 ema
  • #96,930
  • Jun 25, 2008 7:59am Jun 25, 2008 7:59am
Quoting mrhurley1
yea wasnt tryin to insult..just paraphrasing...any way stop tellin people your not smart and do some studyin no one knew how to trade b4 they started..just takes time about a year or so just to get to grips with price behaviour
Mr Hurley...youre too smart for your own good. And may I add...rude.

edit....I was kidding about the smart part.
  • #96,931
  • Edited 8:04am Jun 25, 2008 8:02am | Edited 8:04am
Quoting PipChick
Mr Hurley...youre too smart for your own good. And may I add...rude.

edit....I was kidding about the smart part.
sorry not tryin to be rude..it just amazes me that people jump in without considering any study...i read and read and read before i even started my demo account...again sorry if i come off rude

i also enjoy your analysis..so no need for u to be rude
Fear's for the other guy
  • #96,932
  • Jun 25, 2008 8:04am Jun 25, 2008 8:04am
Quoting mrhurley1
sorry not tryin to be rude..it just amazes me that people jump in without considering any study...i read and read and read before i even started my demo account...again sorry if i come off rude
All is good mrhurley.
  • #96,933
  • Jun 25, 2008 8:05am Jun 25, 2008 8:05am
Hey Hey all is good I have no Problem with what all say I agree I need to learn. At least that is what my kids keep telling me LOL
  • #96,934
  • Jun 25, 2008 8:05am Jun 25, 2008 8:05am
Quoting pip mom
where is the e/u going and the u/j ???
from daily, both are going up, e/u more than u/j, and i would think that e/u go up more today, and u/j go down later....
  • #96,935
  • Jun 25, 2008 8:07am Jun 25, 2008 8:07am
The price has trended up almost 1000 pips and no significant retracement yet. It has become very expensive to buy. Some significant retracement has to occur before finding big buyers again.

Four scenarios I see after the FOMC:
1. If the statement is hawkish. Price would trend up a bit then fall down hard for a good retracement. Since current economics data can't support the prolonged risk appetite.
2. If the statement is balanced towards a slight hawkish. Price would trend down immediately for a good retracement before finding good buyers.
3. If the statement is balanced towards a slight dovish. Price would trend down immediately, a massive sell off.
4. If the statement is dovish. Price would trend down immediately, a massive sell off.

So, regardless of what the outcome would be, the final price is lower than the current price .. a lot lower.
I lean more toward the second one .. let's see
  • #96,936
  • Jun 25, 2008 8:11am Jun 25, 2008 8:11am
Quoting pip mom
Hey Hey all is good I have no Problem with what all say I agree I need to learn. At least that is what my kids keep telling me LOL

yea cool no worries..my biggest tip would be to study support and resistance this is a bit i really didnt consider in my early days of trading and it is probably the most important aspect of trading as this is where all the smart money places there orders... i just wanted to use all the fancy indicators and thought it was goin to be really simple...well i got told...and so it was back to studyin..but since studyin support resistance and order flow my trading has improved dramatically..i dont even use any oscillators any more just a couple of moving averages..hope this helps
Fear's for the other guy
  • #96,937
  • Jun 25, 2008 8:11am Jun 25, 2008 8:11am
Quoting mktjong
The price has trended up almost 1000 pips and no significant retracement yet. It has become very expensive to buy. Some significant retracement has to occur before finding big buyers again.

Four scenarios I see after the FOMC:
1. If the statement is hawkish. Price would trend up a bit then fall down hard for a good retracement. Since current economics data can't support the prolonged risk appetite.
2. If the statement is balanced towards a slight hawkish. Price would trend down immediately for a good retracement before finding good buyers.
3. If the statement is balanced towards a slight dovish. Price would trend down immediately, a massive sell off.
4. If the statement is dovish. Price would trend down immediately, a massive sell off.

So, regardless of what the outcome would be, the final price is lower than the current price .. a lot lower.
I lean more toward the second one .. let's see
By your insight dont look good for massive money perched in longs MK

lets pray for such conclusion, BUT have u a backup plan
"Millionaires don't use astrology, billionaires do"
  • #96,938
  • Jun 25, 2008 8:13am Jun 25, 2008 8:13am
Quoting PipChick
All is good mrhurley.
hey pipchick,

you causing trouble! which way you trading today? i am short currentlt from 212.96 but i hate that its triple int wednesday and the price is just hangin there at the pivot.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #96,939
  • Jun 25, 2008 8:14am Jun 25, 2008 8:14am
well off out..short 213 small position though
Fear's for the other guy
  • #96,940
  • Jun 25, 2008 8:16am Jun 25, 2008 8:16am
Quoting OrionsWay
By your insight dont look good for massive money perched in longs MK

lets pray for such conclusion, BUT have u a backup plan
I have been short for a long time
My back up plan is hedge .. but I don't see it in use in the near future or never at all..
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