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

  • #122,541
  • Oct 15, 2008 9:23am Oct 15, 2008 9:23am
Quoting peaches
GBP/CHF. Moves often same with geppy, but much slower.
i thought it was UJ
  • #122,542
  • Oct 15, 2008 9:23am Oct 15, 2008 9:23am
Hi all, whilst shorts clearly look favourable over longs right now, we might stay in the current range and not break 176 - UJ closed with a bullish engulfing candle on my 4h chart 20 mins ago. Just a thought
Consistency and patience is everything
  • #122,543
  • Oct 15, 2008 9:25am Oct 15, 2008 9:25am
She is going to 175
  • #122,544
  • Oct 15, 2008 9:26am Oct 15, 2008 9:26am
I think, we may count current daily candle as confirmation for bearish shooting star yesterday.

needs a lot of patience
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 13 KB
  • #122,545
  • Oct 15, 2008 9:27am Oct 15, 2008 9:27am
Quoting lilmoe
i thought it was UJ

your are right, my fault. was wrong for 1,5 years with this
  • #122,546
  • Oct 15, 2008 9:29am Oct 15, 2008 9:29am
Quoting $teve
I guess the days of easy money are over. The last few weeks we had a very nice downtrend with solid downward movement. Now we are in correction mode where movement of a few hundred pips is equally likely in either directions so being wrong means a stopped out or a very large drawdown. This is where forex is being forex again. This market reminds us why only a small percentage wins in forex.

that was a good post .. this is where one has to really know how to trade

kind of like the days of the dot com stock traders ... just buy and they made tonnes. when the market turned they did not know what to od and lost all they made plus some.

I was short YM all morning and only one trade gj short for 50 pips
Blogging daily now at www.volume.zone
  • #122,547
  • Oct 15, 2008 9:29am Oct 15, 2008 9:29am
Baldy is giving a speech
Trade what you see, not what you think.
  • #122,548
  • Oct 15, 2008 9:34am Oct 15, 2008 9:34am
Quoting Scotty B
She is going to 175

gj is hand in hand with ym now .... 90% correlation ... YM may have formed double dbottom with bullish div rsi .... need that to be broken . But i agree as long as we stay under 176.60 GJ has a date with 175

176 to 178 has been range , and was last night as mentioned before i wnet to bed , short under 176 and go long above 177 ....
Blogging daily now at www.volume.zone
  • #122,549
  • Oct 15, 2008 9:36am Oct 15, 2008 9:36am
Quoting karmostaji
retested and moving lower now, go geppy!
pat on back Karmo .... lol ... you wanna a medal ?
Blogging daily now at www.volume.zone
  • #122,550
  • Oct 15, 2008 9:36am Oct 15, 2008 9:36am
i thought gopher is GU...
anyway, just back from work...
was trying to wait for GJ to reach 175.5 and end up turn the winner into loser...
that's the problem of not lock in profit...
it happen numerous time through my trading for almost 1 year but i never learn from it...
now my motto is 2 trade per day, 30 pips per trade...
once 30 pips on hand i will lock the profit and let it run...
Any veteran can advise whether how can i improve my trading?
Thanks in advance...
Lost...
  • #122,551
  • Oct 15, 2008 9:37am Oct 15, 2008 9:37am
Quoting malcolmb14
pat on back Karmo .... lol ... you wanna a medal ?
trying to be funny mister?
Trade what you see, not what you think.
  • #122,552
  • Oct 15, 2008 9:48am Oct 15, 2008 9:48am
due to Phillip Nel 4H MACD, it shows us downtrend..

due to candlestick, it shows bearish engulfing

due to auslanco, it cross..

the 50% fibo is monthly fibo..

in few next minutes..

http://img340.imageshack.us/img340/259/h4374x424ik8.jpg
  • #122,553
  • Oct 15, 2008 10:00am Oct 15, 2008 10:00am
Quoting karmostaji
trying to be funny mister?
will you guyz grow up for once....
Imanuel Parsifal
  • #122,554
  • Oct 15, 2008 10:01am Oct 15, 2008 10:01am
Quoting malcolmb14
that was a good post .. this is where one has to really know how to trade

kind of like the days of the dot com stock traders ... just buy and they made tonnes. when the market turned they did not know what to od and lost all they made plus some.

I was short YM all morning and only one trade gj short for 50 pips
Trading in a trend gives me a tremendous edge because even if I'm wrong about a trade, I can always count on price coming back so I can always extend my SL. Hence I use higher leverage to maximize my profits. Now I just need to discipline myself to not give back my profits in times of crapshoot forex. But I do get really bored with nothing to do being a full time trader so I often scalp with smaller positions during this consolidation period. I think I just found the recipe for long term consistent profit in forex: trade with the trend and protect profits during consolidation.
  • #122,555
  • Oct 15, 2008 10:02am Oct 15, 2008 10:02am
Quoting sycho
will you guyz grow up for once....
Lmao sycho
Trade what you see, not what you think.
  • #122,556
  • Oct 15, 2008 10:03am Oct 15, 2008 10:03am
Quoting sycho
will you guyz grow up for once....
shame on u karmo
  • #122,557
  • Oct 15, 2008 10:04am Oct 15, 2008 10:04am
Quoting lilmoe
shame on u karmo
lol sycho, esm 3ala musama
Trade what you see, not what you think.
  • #122,558
  • Oct 15, 2008 10:06am Oct 15, 2008 10:06am
hey malcolmb I have a fib expansion going pointing to 175.30 and then 173.50 and then 169.70 do you have this as well?
Price does what price wants , I just need to be prepared.
  • #122,559
  • Oct 15, 2008 10:08am Oct 15, 2008 10:08am
My ultimate target is 166 but I would like that 1h bull flag to become invalid first
Trade what you see, not what you think.
  • #122,560
  • Oct 15, 2008 10:09am Oct 15, 2008 10:09am
Quoting PJkiller
hey malcolmb I have a fib expansion going pointing to 175.30 and then 173.50 and then 169.70 do you have this as well?

I am using retracements for downside targets ... 175.3 , 173
58 , and 169
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