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

  • #123,401
  • Oct 17, 2008 10:08am Oct 17, 2008 10:08am
Quoting forexlion
I do not know who gave the name \"harami pattern\"

because the word \"harami\" has a meaning in India
Harami (in Japanese means "pregnant") is a pattern formed with two candles. The second candle with a short real body is placed inside relatively long real body of the prior candle. The long candle is a "mother" and the short candle is her "baby"
  • #123,402
  • Oct 17, 2008 10:14am Oct 17, 2008 10:14am
Quoting janela
Harami (in Japanese means \"pregnant\") is a pattern formed with two candles. The second candle with a short real body is placed inside relatively long real body of the prior candle. The long candle is a \"mother\" and the short candle is her \"baby\"
In Indonesia "haram" means forbidden (as in Islam)
  • #123,403
  • Edited 10:58am Oct 17, 2008 10:19am | Edited 10:58am
Just thought I would share my trades on GJ today just to show how you can play the range especially at these times of indecision.

My main entry for the day was when price popped up to 176 for a short just after the LO, (could easily have carried on north here but it was low risk) Still have half this position covering the other half at the DP were I took my first scalp long.

I then sold at the 50%...Bought at the DP and so on with a limit of +50 on each trade.

Dark blue dashes are the approx entries and the green the TP red SL.

Not sure if the last one will pan out but then I thought the one before may not either.

I hope someone finds this of some use.

Edit: Stopped out of the last short +10.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 5m 170908.a.gif Size: 27 KB
  • #123,404
  • Oct 17, 2008 10:20am Oct 17, 2008 10:20am
as not want to trade live account during weekend,shorted at my demo 17550(61.8% RE of last down wave) targeting 100pips in this arrange market
  • #123,405
  • Oct 17, 2008 10:24am Oct 17, 2008 10:24am
Quoting moneybookers
as not want to trade live account during weekend,shorted at my demo 17550(61.8% RE of last down wave) targeting 100pips in this arrange market
well since i am trading with a margin of 20,000 pips on hand, i do not mind holding over the weekend as i know it will achieve 148 in the long run.
  • #123,406
  • Oct 17, 2008 10:25am Oct 17, 2008 10:25am
had to short 75.46
"Millionaires don't use astrology, billionaires do"
  • #123,407
  • Oct 17, 2008 10:34am Oct 17, 2008 10:34am
Quoting forexlion
well since i am trading with a margin of 20,000 pips on hand, i do not mind holding over the weekend as i know it will achieve 148 in the long run.
too tied to watch the screen whole week so one day rest.
and i still in negtive margin hehe but 25% gain in from Sep-now,i think i'm improving
  • #123,408
  • Oct 17, 2008 10:44am Oct 17, 2008 10:44am
Holding my longs over the weekend. Set my SL +100.
Do not follow my trades. Trade what you see on your own charts.
  • #123,409
  • Oct 17, 2008 10:49am Oct 17, 2008 10:49am
Quoting igmak
Holding my longs over the weekend. Set my SL +100.

Dont worry u will be able to buy again at better price or close to your price, got to bank my friend
"Millionaires don't use astrology, billionaires do"
  • #123,410
  • Oct 17, 2008 10:50am Oct 17, 2008 10:50am
Quoting igmak
Holding my longs over the weekend. Set my SL +100.
S&P can not get through 960 then we have a down day
  • #123,411
  • Oct 17, 2008 11:15am Oct 17, 2008 11:15am
Quoting janela
In Indonesia \"haram\" means forbidden (as in Islam)

off topic...


in arabic,
haram means "bad" or "forbidden", islam isn't a language or a race. arabic however, is the official language of islam, and arabs were the first to convert.

harami means "thief" or "sinner", but "thief" is the most common meaning.
  • #123,412
  • Oct 17, 2008 11:18am Oct 17, 2008 11:18am
Quoting Wolf.
Just thought I would share my trades on GJ today just to show how you can play the range especially at these times of indecision.

My main entry for the day was when price popped up to 176 for a short just after the LO, (could easily have carried on north here but it was low risk) Still have half this position covering the other half at the DP were I took my first scalp long.

I then sold at the 50%...Bought at the DP and so on with a limit of +50 on each trade.

Dark blue dashes are the approx entries and the green the TP red SL.

Not sure if the last one will pan out but then I thought the one before may not either.


I hope someone finds this of some use.

Edit: Stopped out of the last short +10.
You and me same story all morning not a ton of lots for me here as it is not my style but still made huge $$'s playing range with small lots and small stop.
Attached Image (click to enlarge)
Click to Enlarge Name: gjnow.gif Size: 28 KB
Price does what price wants , I just need to be prepared.
  • #123,413
  • Oct 17, 2008 11:22am Oct 17, 2008 11:22am
Quoting arezab
Agreed!

I've downloaded 2 books:
1-Steve Nison Japanese Candlesticks Charting Techniques
2-Wiley_Trading_Candlesticks__Fibonacci__and_Chart_Pattern

... very nice and resourceful books I should read thoroughly. They are a must for every trader.

This candlesticker web site is a nice and handy resource though. Thanks for the link.
thank you.
  • #123,414
  • Oct 17, 2008 11:26am Oct 17, 2008 11:26am
Taking family to lunch will check charts later for late day sell off, otherwise see you guys on Sunday. Good trades this week to all.
Price does what price wants , I just need to be prepared.
  • #123,415
  • Oct 17, 2008 11:32am Oct 17, 2008 11:32am
Quoting OrionsWay
had to short 75.46
That is exactly what I was thinking, but how far to you preduct it will fall?

IMO I feel it is seeing a lot of resistance around the 176, and I am guessing it is going to fall a lot. Of course I could be dead wrong.

Not sure what you pros think tho...
  • #123,416
  • Oct 17, 2008 11:35am Oct 17, 2008 11:35am
Quoting Wolf.
Just thought I would share my trades on GJ today just to show how you can play the range especially at these times of indecision.

My main entry for the day was when price popped up to 176 for a short just after the LO, (could easily have carried on north here but it was low risk) Still have half this position covering the other half at the DP were I took my first scalp long.

I then sold at the 50%...Bought at the DP and so on with a limit of +50 on each trade.

Dark blue dashes are the approx entries and the green the TP red SL.

Not sure if the last one will pan out but then I thought the one before may not either.

I hope someone finds this of some use.

Edit: Stopped out of the last short +10.
Thanks Wolf, that is useful to see your use of fibs .. however your charts with gray bgs are hard to see .. could you do them with black or even better, white bgs .. those are the easiet IMO.
  • #123,417
  • Oct 17, 2008 11:39am Oct 17, 2008 11:39am
http://www.metacafe.com/watch/1874531/everybody_games/

Everybody plays against each other..

[
  • #123,418
  • Oct 17, 2008 11:42am Oct 17, 2008 11:42am
Quoting magnadyne
That is exactly what I was thinking, but how far to you preduct it will fall?

IMO I feel it is seeing a lot of resistance around the 176, and I am guessing it is going to fall a lot. Of course I could be dead wrong.

Not sure what you pros think tho...

well not sure downside i suspect aroun 167,8,9 area prolly 168 where it should find traction, i do believe we had a selling climax now they just need to shake out everything above their secured buying, once underway they should move it quickly down and up so as they dont have anyone around them in the basing accumulation. But who knows
"Millionaires don't use astrology, billionaires do"
  • #123,419
  • Oct 17, 2008 12:01pm Oct 17, 2008 12:01pm
ya
go go bulls
last one barrier is 17680

daily neutral
3h bullish
1h bullish
30m bullish
15m bullish

Intraday bullish
  • #123,420
  • Oct 17, 2008 12:03pm Oct 17, 2008 12:03pm
All done for week on my 1 real trade
yeilded roughly 10 cents +- a few

Thats just insane 10 cents basically in 2-3 days . Crazy times we live in right now
"Millionaires don't use astrology, billionaires do"
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