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

  • #111,261
  • Sep 7, 2008 7:36pm Sep 7, 2008 7:36pm
Quoting malcolmb14
I kne it was just to easy .. what happened to my money printing machine ?

lost the volatility
Please read my previous post Malcolmb
  • #111,262
  • Sep 7, 2008 7:37pm Sep 7, 2008 7:37pm
Quoting mktjong
Ok, so many of you (including myself) think that it will go to 197.5x area which is 38.2% of retracement from last big dive.
My quetion is: When do u think it can reach that level? Tomorrow or Wednesday? Thanks
well the news will tell bro, dont be fooled
  • #111,263
  • Sep 7, 2008 7:39pm Sep 7, 2008 7:39pm
Quoting PipChick
Well guys....I have been reading all of these posts for the last hour or so. I must say there have been great losses and great gains today. I feel badly for those who have lost their accts as I have been in their shoes before.I am happy for those who have gained in their accts.I must say that this mkt is very unpredictable right now and VERY risky. It is a shame that noobs are following calls blindly from well respected members on this board and possibly have lost every penny due to the UNPREDICTABLE AND VOLATILE mkt. But what I feel extremely bad about is those who are making fun of those who lost money. I see challenges being made to go one on one with others, I see inflated ego's and I see bragging, all of which constitute failure. If you want to keep your money in your pocket guys, remain humble. Trade, help others, educate and remain humble. Be REAL leaders.

No i have trtied time and time again to help the newbies. I even suggested both Thursday and Friday that the right way to get in a down run if you are not in is not to chase and to play the breakdowns of bear flags .

I have tried to reinforce money management

at no time did I laugh at guys who lost their accounts ... and were to heavily leveraged. I have been there and donew that

I do however have a standing challenge for 4x trader .... as he puts us all down and really gets on my nerves and he needs to be taken down a peg or 2 ......
Blogging daily now at www.volume.zone
  • #111,264
  • Sep 7, 2008 7:45pm Sep 7, 2008 7:45pm
Quoting mktjong
Please read my previous post Malcolmb
193 level seems to be holding

Tokyo open range = 193.67 to 192.90

breakout either side of this range is long or short. ... I am using 192.90 to 193.80
Blogging daily now at www.volume.zone
  • #111,265
  • Sep 7, 2008 7:45pm Sep 7, 2008 7:45pm
Pipchick, Thanks for your advice to everyone to honour the spirit of this thread - Help, teach, learn (to be a good trader - as well as a good person) and respect all. Your advice will surely have the desired positive effect on most of the readers. Regards.
  • #111,266
  • Sep 7, 2008 7:47pm Sep 7, 2008 7:47pm



Quoting minortrader
Pipchick, Thanks for your advice to everyone to honour the spirit of this thread - Help, teach, learn (to be a good trader - as well as a good person) and respect all. Your advice will surely have the desired positive effect on most of the readers. Regards.
  • #111,267
  • Sep 7, 2008 7:49pm Sep 7, 2008 7:49pm
Quoting malcolmb14
hope those spreads settle down in asia ... then I can really get rocking on this pair
Cool...do you go for like 30 pip targets at a time, with your scalping method?
  • #111,268
  • Sep 7, 2008 7:49pm Sep 7, 2008 7:49pm
hey, i still keeping my long with +600 pips profit, maybe this is the correction that at least i have been waiting so if the daily close over 194,5/95 i think it will test 197,50/98 and maybe go up to 200 and more, im very positive,just hoping to dont work for the rest of the month!
  • #111,269
  • Sep 7, 2008 8:02pm Sep 7, 2008 8:02pm
Quoting dreed
Cool...do you go for like 30 pip targets at a time, with your scalping method?

yes last one was 193.53 to 193.25 ..... one 30 pip band
Blogging daily now at www.volume.zone
  • #111,270
  • Sep 7, 2008 8:05pm Sep 7, 2008 8:05pm
Quoting malcolmb14
yes last one was 193.53 to 193.25 ..... one 30 pip band
CAR off 193.25 it is holding
193.55 target
Blogging daily now at www.volume.zone
  • #111,271
  • Sep 7, 2008 8:05pm Sep 7, 2008 8:05pm
dow is up 32points, more up movement expected for usdjpy and gbpjpy
  • #111,272
  • Sep 7, 2008 8:07pm Sep 7, 2008 8:07pm
Quoting malcolmb14
CAR off 193.25 it is holding
193.55 target
out of last trade ... nasty doji on 100 tick chart ..

done for evening .... been at computer to long already (4 hours) starting to lose focus
Blogging daily now at www.volume.zone
  • #111,273
  • Sep 7, 2008 8:13pm Sep 7, 2008 8:13pm
good luck everyone on their trading

for open range techniques go to www.marketgauge.com down load the free e book trading the 10 o'clock bulls

this is designed for stocks but can be applied to futures and forex

that 193.23 T30 line is hard to break . If spreads were better I would trade off it till it broke for 20 pips a go , one way to build up 100 pip for session
Blogging daily now at www.volume.zone
  • #111,274
  • Sep 7, 2008 8:19pm Sep 7, 2008 8:19pm
Quoting PipChick
Well guys....I have been reading all of these posts for the last hour or so. I must say there have been great losses and great gains today. I feel badly for those who have lost their accts as I have been in their shoes before.I am happy for those who have gained in their accts.I must say that this mkt is very unpredictable right now and VERY risky. It is a shame that noobs are following calls blindly from well respected members on this board and possibly have lost every penny due to the UNPREDICTABLE AND VOLATILE mkt. But what I feel extremely bad about is those who are making fun of those who lost money. I see challenges being made to go one on one with others, I see inflated ego's and I see bragging, all of which constitute failure. If you want to keep your money in your pocket guys, remain humble. Trade, help others, educate and remain humble. Be REAL leaders.
Well said, PipChick. I suggest that newbies spend a few days reading the various posts on any thread, it should become obvious which people are being helpful and/or know what they are doing .. and which are just blowing smoke or compensating for their own problems by putting others down.
On this thread for example, I only read posts by 3 people so far .. I may add others, but so far I have only found 3 whose opinions I trust.
  • #111,275
  • Sep 7, 2008 8:27pm Sep 7, 2008 8:27pm
when i look at daily chart, i don't think the move down is over.
my take is that right now, we are in a consolidation/retracement which can be seen on h4 chart. most probably it will be a complicated pattern (a triangle?) and it will take some time to mature. it should be limited up by 196.74/200.01.
if it goes higher, then i will reconsider the whole situation because it might be possible to have a daily correction.
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Nihil Sine Deo.
  • #111,276
  • Sep 7, 2008 8:33pm Sep 7, 2008 8:33pm
http://www.forexfactory.com/showpost...stcount=108987
Attached Image
  • #111,277
  • Sep 7, 2008 8:35pm Sep 7, 2008 8:35pm
Quoting naatha
http://www.forexfactory.com/showpost...stcount=108987

since then price dropped 300 pips .... those imperial fighters were blown out of the sky

I am sure the uptrend in UJ is going to hold as long as that trend line on the weekly , that I was chirping about earlier holds up
Blogging daily now at www.volume.zone
  • #111,278
  • Sep 7, 2008 8:39pm Sep 7, 2008 8:39pm
I was talking about fib extensions over the weekend

here is fe's on a 1-2-3 buy formation on a 10 min chart .

the 78.6 is where we keep on testing

break of here we go to 194.62 , but more likely 194.92

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Blogging daily now at www.volume.zone
  • #111,279
  • Sep 7, 2008 8:40pm Sep 7, 2008 8:40pm
my current trendline is showing 196.40 as the top of the current downtrend that we are in, if it breaks that, then my bearish sentiment on this pair will become neutral...

if traded correctly, people should have been accumulating shorts on this pair and turning them into free trades along the way...

If it bounces that trend line and breaks below designated support lines i'll be adding more shorts to the ones i already have...

GLTA

Pred

Edited to change trendline top...
  • #111,280
  • Sep 7, 2008 8:42pm Sep 7, 2008 8:42pm
Quoting naatha
http://www.forexfactory.com/showpost...stcount=108987

lol .. cracking up ... that is what happened to them
Blogging daily now at www.volume.zone
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