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

  • #125,101
  • Oct 22, 2008 10:02pm Oct 22, 2008 10:02pm
Quoting pkimnyc
GM bro.
GM

How are you doing? Shorts are still looking good, no sign of bulls whatsoever, so we keep shorts on until further notice
Trade what you see, not what you think.
  • #125,102
  • Oct 22, 2008 10:03pm Oct 22, 2008 10:03pm
Quoting quecee5
15 minute chart suggest further downside is forthcoming. . . Good luck on longs trades. . .

I sell rallies in a bear market and buy retraces in bull markets.. . .
I sell as the market is going up, and buy as the market is going down. that is how the professionals do it.

If you are basing a trade on this currency based on a 5 or 15 minute candle you are crazy.
  • #125,103
  • Oct 22, 2008 10:04pm Oct 22, 2008 10:04pm
Quoting 5ysfx
bearflag broken
next stop 15670
are you sure? what i see GJ still strong bearish.
  • #125,104
  • Oct 22, 2008 10:04pm Oct 22, 2008 10:04pm
Quoting steelhead
I sell as the market is going up, and buy as the market is going down. that is how the professionals do it.

If you are basing a trade on this currency based on a 5 or 15 minute candle you are crazy.
Then I am crazy too, I guess nowadays crazy people make money
Trade what you see, not what you think.
  • #125,105
  • Oct 22, 2008 10:04pm Oct 22, 2008 10:04pm
Quoting karmostaji
GM

How are you doing? Shorts are still looking good, no sign of bulls whatsoever, so we keep shorts on until further notice
just put another batch of fresh shorts from 159.00 + 2 existing ones.
  • #125,106
  • Oct 22, 2008 10:05pm Oct 22, 2008 10:05pm
Quoting lazdeinfx
are you sure? what i see GJ still strong bearish.
Nobody is sure, we just follow the chart
Trade what you see, not what you think.
  • #125,107
  • Oct 22, 2008 10:07pm Oct 22, 2008 10:07pm
Quoting DutchTrader
I see a break below 159 ish on my daily. Off to my Econ seminar to listen to my professor rail against the \"inefficiency\" of the markets. Cheers chaps.
Patience + Humility + Study = Success
  • #125,108
  • Oct 22, 2008 10:08pm Oct 22, 2008 10:08pm
Quoting quecee5
Longs????????????????

You Guys have got to be kidding right - in this bearish market???????????

= = ????????????????????

scalps are all good ..... 300 pips on long scalps in asia....trading the range baby
Blogging daily now at www.volume.zone
  • #125,109
  • Oct 22, 2008 10:09pm Oct 22, 2008 10:09pm
Quoting malcolmb14
scalps are all good ..... 300 pips on long scalps in asia....trading the range baby
scalps are good, but we haven't seen the bottom yet like many keep speculating
Trade what you see, not what you think.
  • #125,110
  • Oct 22, 2008 10:10pm Oct 22, 2008 10:10pm
Quoting steelhead
I sell as the market is going up, and buy as the market is going down. that is how the professionals do it.

If you are basing a trade on this currency based on a 5 or 15 minute candle you are crazy.
just out of curiosity (and i'm not being sarcastic), were you buying yesterday during asia session?
  • #125,111
  • Oct 22, 2008 10:11pm Oct 22, 2008 10:11pm
Quoting quecee5
Longs????????????????

You Guys have got to be kidding right - in this bearish market???????????

= = ????????????????????
Trading is easy if you keep it simple, but people make it complicated and confuse themselves.

Trade the chart
Trade what you see, not what you think.
  • #125,112
  • Oct 22, 2008 10:12pm Oct 22, 2008 10:12pm
Quoting steelhead
I sell as the market is going up, and buy as the market is going down. that is how the professionals do it.

If you are basing a trade on this currency based on a 5 or 15 minute candle you are crazy.
LOL! ok bro we can agree to disagree. . . Good luck on your longs! My shorts are looking good right now even the ones I have on the recent spike up. . .
  • #125,113
  • Oct 22, 2008 10:13pm Oct 22, 2008 10:13pm
Quoting karmostaji
Trading is easy if you keep it simple, but people make it complicated and confuse themselves.

Trade the chart
Agreed bro. . . KISS (keep it simple stupid) = LOL!
  • #125,114
  • Oct 22, 2008 10:13pm Oct 22, 2008 10:13pm
Quoting steelhead
I sell as the market is going up, and buy as the market is going down. that is how the professionals do it.

If you are basing a trade on this currency based on a 5 or 15 minute candle you are crazy.

I understand what you are saying and you are right .... professionals sell on up moves and buy on dips .. but there has to be certain candle patterns and volume associated with that
Blogging daily now at www.volume.zone
  • #125,115
  • Oct 22, 2008 10:16pm Oct 22, 2008 10:16pm
Quoting malcolmb14
I understand what you are saying and you are right .... professionals sell on up moves and buy on dips .. but there has to be certain candle patterns and volume associated with that
He said professionals buy when the market is going down and sell when the market is going up

It sounds to me like the professionals enjoy huge drawdowns and blowing up lol
Trade what you see, not what you think.
  • #125,116
  • Oct 22, 2008 10:18pm Oct 22, 2008 10:18pm
im expecting retracement to 16550 from ~15670

let see
  • #125,117
  • Oct 22, 2008 10:18pm Oct 22, 2008 10:18pm
everyone has lost reality here ..... i see one trader putting down another for thinking long .... blah blah blah ...

the reality is that GJ 's average daily range back in history is about 200 pips .. and right now it is doing that in 60 min waves on a 5 min chart ... so who cares who is long and who is short .... all i care about is that the range will keep on going and i can collect my 200 pip s a time going both long and short....... and any swing trader that are sitting there when this thing is ranging like this doing nothing ... aka the ones that are short .. they are the ones that are crazy ...lol
Blogging daily now at www.volume.zone
  • #125,118
  • Oct 22, 2008 10:22pm Oct 22, 2008 10:22pm
Quoting lazdeinfx
are you sure? what i see GJ still strong bearish.


here is my analysis,take it or leave it, it's up to you..

the beast is getting closer and closer to a bullish reversal in the short term coz the Market needs some kind of short term correction .
I always knew that someday I would make it big
  • #125,119
  • Oct 22, 2008 10:24pm Oct 22, 2008 10:24pm
Quoting karmostaji
He said professionals buy when the market is going down and sell when the market is going up

It sounds to me like the professionals enjoy huge drawdowns and blowing up lol

karmo he is right ..... you have a lot to learn ......he did not portray it properly . Professionals selling into strength and buying into weakness is the basics of how the market works and if you get to grips with equivolume trading or volume spread analysis you will understand this.

Do you honestly think a professional would short the market down here ... even if it does go down another 1000 pips .. no .. they will wait for a retracement back up to 170 and then sell into the strength .

The same is is true for market bottoms .. they want to buy at value .. they will test the market .. pushing prices lower and lower to see where the sellers are and when the sellers seem exhausted they will start buying.

right now i am looking for another long off 158 as we seem to be testing the market bottom right now on all time frames to 60 min....
Blogging daily now at www.volume.zone
  • #125,120
  • Oct 22, 2008 10:26pm Oct 22, 2008 10:26pm
Quoting malcolmb14
karmo he is right ..... you have a lot to learn ......he did not portray it properly . Professionals selling into strength and buying into weakness is the basics of how the market works and if you get to grips with equivolume trading or volume spread analysis you will understand this.

Do you honestly think a professional would short the market down here ... even if it does go down another 1000 pips .. no .. they will wait for a retracement back up to 170 and then sell into the strength .

The same is is true for market bottoms .. they want to buy at value .. they will test the market .. pushing prices lower and lower to see where the sellers are and when the sellers seem exhausted they will start buying.

right now i am looking for another long off 158 as we seem to be testing the market bottom right now on all time frames to 60 min....
I agree with what you said but the way he said it, it sounded totally different.
Trade what you see, not what you think.
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