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

  • #125,981
  • Oct 24, 2008 5:00am Oct 24, 2008 5:00am
Djia Index 8,224.00 -550.00 8,769.00 8,778.00 8,224.00 05:37
Trade what you see, not what you think.
  • #125,982
  • Oct 24, 2008 5:01am Oct 24, 2008 5:01am
Quoting lilmoe
short at 142.30, m1's 50ema (bearish HD). let's see if my system works here.

SL at B/E.
i can't believe i said i was short at that level. not that the trade isn't good, but the LEVEL... the number 142 is weird. i'm scared too
  • #125,983
  • Oct 24, 2008 5:03am Oct 24, 2008 5:03am
Quoting lilmoe
short at 142.30, m1's 50ema (bearish HD). let's see if my system works here.

SL at B/E.
still in, moved SL to -10
  • #125,984
  • Oct 24, 2008 5:04am Oct 24, 2008 5:04am
where is the bottom on this beast? 500 pips in 5 min, still kept some of my short, not sure how low we can go before retrace
  • #125,985
  • Oct 24, 2008 5:04am Oct 24, 2008 5:04am
Quoting tafy68
I went long at 139

30 pip SL
~300pips now
  • #125,986
  • Oct 24, 2008 5:05am Oct 24, 2008 5:05am
if i picked the bottom with only 30 pip SL do i win a prize or something? Cos i need to fund a new account lol
  • #125,987
  • Oct 24, 2008 5:05am Oct 24, 2008 5:05am
Quoting Jim4x
twice in 2 months?

i wish to be attention seeking bro ... unhappy is NOT is the fact that i lost money
  • #125,988
  • Oct 24, 2008 5:07am Oct 24, 2008 5:07am
Quoting 555
i wish to be attention seeking bro ... unhappy is NOT is the fact that i lost money
Can I ask why u went long against the falling knife, I think I kinda know already tho.

Its cos u thought, it cant fall anymore, this is the bottom baby, carry trade is gonna make me rich etc?
  • #125,989
  • Oct 24, 2008 5:07am Oct 24, 2008 5:07am
Quoting lilmoe
short at 142.30, m1's 50ema (bearish HD). let's see if my system works here.

SL at B/E.
I think it works
Discipline + Patience - Fear - Greed = Success
  • #125,990
  • Oct 24, 2008 5:09am Oct 24, 2008 5:09am
Quoting lilmoe
still in, moved SL to -10
good, i am with ya
  • #125,991
  • Oct 24, 2008 5:10am Oct 24, 2008 5:10am
daily CCI is saying we're about to see a bottom. if not today, then monday.

don't start buying everyone, this might drop another 500-1000 pips before the bottom is reached.

if this CCI tl is broken, then peaches is telling the truth. our next target is below 100.

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  • #125,992
  • Oct 24, 2008 5:11am Oct 24, 2008 5:11am
Quoting arezab
waiting for another 500 pip ...

It's even starting to accelerate dropping. Look at H1. It seems to me like that.
Its a reasonable target for black friday.

133.5 is monthly tom demark support.
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  • #125,993
  • Oct 24, 2008 5:14am Oct 24, 2008 5:14am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting 555
i went long at 149.50 and i go to take a shower ... when i came back i see my account blown up is the worst day of my life (financial talking) ... lost 13k usd.
Congrat for all the WISE guys who made $ today because i'm \"dust\" ...
I've been there - well I've never lost that much in one shot - but I've lost 15% of my account in one shot which really hurts. The losses help you though, as much as they hurt b/c you figure out what you can do better. Take a break. Also, switch to a major pair. Yeah they might not move as much as the beast, but right now cable is moving over 300 pips pretty frequently and it's a lot easier to trade than the beast. If you can't trade a major profitably, don't even attempt a cross. Just a suggestion. Hope you can make back your money man.
"Wishful thinking dies hard." Igor T.
  • #125,994
  • Oct 24, 2008 5:17am Oct 24, 2008 5:17am
bad feeling
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  • #125,995
  • Oct 24, 2008 5:18am Oct 24, 2008 5:18am
bullish triangle break. target 144-147.
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  • #125,996
  • Oct 24, 2008 5:27am Oct 24, 2008 5:27am
Quoting peaches
bullish triangle break. target 144-147.

sell limit at 146.50, 5m 50ema. if that's broken too then i won't be shorting until further notice.
  • #125,997
  • Oct 24, 2008 5:29am Oct 24, 2008 5:29am
Quoting lilmoe
sell limit at 146.50, 5m 50ema. if that's broken too then i won't be shorting until further notice.
  • #125,998
  • Oct 24, 2008 5:30am Oct 24, 2008 5:30am
Quoting 555
bad feeling
$13k account blown by a 600 pip drop means you were trading upwards of 20 lots.....


www.babypips.com
  • #125,999
  • Oct 24, 2008 5:32am Oct 24, 2008 5:32am
damm why do all my good trades get made on demo, its +550 pips now
  • #126,000
  • Oct 24, 2008 5:32am Oct 24, 2008 5:32am
Quoting 555
bad feeling
sorry to here that, have had margin call summer 2007.

Step aside, and continue trading with small money after a bit time.

trading is experiance, MM , pattern and a good system. I can be learned.
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