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

  • #108,881
  • Aug 27, 2008 8:06am Aug 27, 2008 8:06am
Hello Everyone,
Please explain me what's up with Wednesday ?
I'm a new on this group so I don't know

Best Regards,
Robert
  • #108,882
  • Aug 27, 2008 8:06am Aug 27, 2008 8:06am
breakout on h1. let's see...
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Nihil Sine Deo.
  • #108,883
  • Aug 27, 2008 8:06am Aug 27, 2008 8:06am
I think it's great opportunity to go short...
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  • #108,884
  • Aug 27, 2008 8:11am Aug 27, 2008 8:11am
UJ Still sailing the good ship crapper
Patience + Humility + Study = Success
  • #108,885
  • Aug 27, 2008 8:18am Aug 27, 2008 8:18am
Quoting DutchTrader
UJ Still sailing the good ship crapper
As much as I believe in my shorts, I just came from the bathroom. That was close and still is not over. If my instincts and experience weren't telling me the rally was overdone, and I wasn't expecting a placid cow, but a bucking bronco on the way down, I would have been a wreck right now.
  • #108,886
  • Aug 27, 2008 8:19am Aug 27, 2008 8:19am
uj4h CCI
Attached Image
  • #108,887
  • Aug 27, 2008 8:20am Aug 27, 2008 8:20am
Quoting DutchTrader
UJ Still sailing the good ship crapper
i added a short at 109.65, i have a feeling this is bullshit action...

GJ's breakout doesn't look pretty convincing to me. i'm itching to short now, but if we get to 202.50-60 i'll go short from there with my fingers crossed.

i'm not trusting either cable or UJ at the moment.

oil is shooting up at the moment.
  • #108,888
  • Aug 27, 2008 8:20am Aug 27, 2008 8:20am
I feel like ordering some trading books to read, I have heard a lot about 'Trading in the zone' by Mark Douglas so I'm getting that definitely.

Any other good recommendations?
Trade what you see, not what you think.
  • #108,889
  • Aug 27, 2008 8:21am Aug 27, 2008 8:21am
Quoting lilmoe
i added a short at 109.65, i have a feeling this is bullshit action...

GJ's breakout doesn't look pretty convincing to me. i'm itching to short now, but if we get to 202.50-60 i'll go short from there with my fingers crossed.

i'm not trusting either cable or UJ at the moment.

oil is shooting up at the moment.
Trust your chart my brotha
Trade what you see, not what you think.
  • #108,890
  • Aug 27, 2008 8:22am Aug 27, 2008 8:22am
Quoting akiva1234
I think it's great opportunity to go short...
i'm thinking the same...
  • #108,891
  • Aug 27, 2008 8:27am Aug 27, 2008 8:27am
Quoting karmostaji
I feel like ordering some trading books to read, I have heard a lot about 'Trading in the zone' by Mark Douglas so I'm getting that definitely.

Any other good recommendations?
still newbie master....
  • #108,892
  • Aug 27, 2008 8:36am Aug 27, 2008 8:36am
Quoting vitagene
still newbie master....
I always think of myself a newbie, and I learn new things everyday in this market.

Never think you're a master, never
Trade what you see, not what you think.
  • #108,893
  • Aug 27, 2008 8:42am Aug 27, 2008 8:42am
Could someone please guide me how yo trade this system?
A million thank you.
  • #108,894
  • Aug 27, 2008 8:47am Aug 27, 2008 8:47am
Quoting karmostaji
Trust your chart my brotha
that's what i've been doing since we broke 209 upwards back in june, loool.
  • #108,895
  • Aug 27, 2008 8:48am Aug 27, 2008 8:48am
Quoting lilmoe
that's what i've been doing since we broke 209 upwards back in june, loool.
trusting the chart is good, i'm watching this CCI TL...

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  • #108,896
  • Aug 27, 2008 8:49am Aug 27, 2008 8:49am
Quoting karmostaji
I feel like ordering some trading books to read, I have heard a lot about 'Trading in the zone' by Mark Douglas so I'm getting that definitely.

Any other good recommendations?

- The Disciplined Trader - (Mark Douglas's 1st book)
- Trading in the zone - (Mark Douglas's 2nd book)
- Trade you way to financial freedom - by Van K. Tharp

There are others. However these three are a must.
Money Talks - Wealth Whispers . . .
  • #108,897
  • Aug 27, 2008 8:58am Aug 27, 2008 8:58am
Quoting * Snow *
- The Disciplined Trader - (Mark Douglas's 1st book)
- Trading in the zone - (Mark Douglas's 2nd book)
- Trade you way to financial freedom - by Van K. Tharp

There are others. However these three are a must.
Thank you for the recommendations
Trade what you see, not what you think.
  • #108,898
  • Aug 27, 2008 8:59am Aug 27, 2008 8:59am
I'm long at the DP with a tight stop.

B
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  • #108,899
  • Aug 27, 2008 9:16am Aug 27, 2008 9:16am
Breaking a trendline that has been holding it back for 4 days and a powerful resistance line........Im going long from this point above the previous hourly candle.........but where to put the Profit target and stoploss?????
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  • #108,900
  • Aug 27, 2008 9:17am Aug 27, 2008 9:17am
Quoting karmostaji
I feel like ordering some trading books to read, I have heard a lot about 'Trading in the zone' by Mark Douglas so I'm getting that definitely.

Any other good recommendations?
Market Wizards, J.Schwager - is a must read for all traders.

The Trading Athlete also good
Trading is 80% Emotional, 20% Technical
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