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

  • #126,341
  • Oct 24, 2008 8:44pm Oct 24, 2008 8:44pm
Quoting TraderStar
Has anyone considered that we now have a new low to re-test??
we have a strong divs on daily and H4 charts, H4 QQE is about to cross, if price closes above H4 gann hilo on monday then no, i dont think we gonna retest that low (next week), anyway i suggest that this is the best time for this pair to start washes up
I recommend you read something else as this sentence is now concluded.
  • #126,342
  • Oct 24, 2008 8:53pm Oct 24, 2008 8:53pm
Quoting Obaidah
yea i got the answer i need, but what do you mean by stops hunting? i never figured out the brokers game as there's no site tells you anything about it, btw i'll be able to use MT4 too right?

Whenever I placed a physical (not a mental) stop with FXCM, it always got taken out somehow ... with FXSol I have seen price go within one pip of my stop, but the stop remains intact. Never happened with FXCM. Many others say they are notorious stop hunters.

I use MT4, in fact 2 of them, through demo accts with Alpari and IBFX. I prefer having charts separate from broker as a double control on price action.
  • #126,343
  • Oct 24, 2008 8:55pm Oct 24, 2008 8:55pm
Quoting TraderStar
Has anyone considered that we now have a new low to re-test??
i would think it will go much lower.
i know the wave 5 of 5 is coming to an end, but i would like to see it making ending diagonal which hasn't happened yet. (on weekly)
  • #126,344
  • Oct 24, 2008 9:02pm Oct 24, 2008 9:02pm
Quoting TraderStar
Whenever I placed a physical (not a mental) stop with FXCM, it always got taken out somehow ... with FXSol I have seen price go within one pip of my stop, but the stop remains intact. Never happened with FXCM. Many others say they are notorious stop hunters.

I use MT4, in fact 2 of them, through demo accts with Alpari and IBFX. I prefer having charts separate from broker as a double control on price action.
thanks alot..
I recommend you read something else as this sentence is now concluded.
  • #126,345
  • Oct 24, 2008 9:03pm Oct 24, 2008 9:03pm
Quoting pkimnyc
i would think it will go much lower.
i know the wave 5 of 5 is coming to an end, but i would like to see it making ending diagonal which hasn't happened yet. (on weekly)
What did you mean by ending Diagonal??? explain please or chart. Thanks
Markets are not Random, they are designed!
  • #126,346
  • Oct 24, 2008 9:07pm Oct 24, 2008 9:07pm
Quoting pkimnyc
i would think it will go much lower.
i know the wave 5 of 5 is coming to an end, but i would like to see it making ending diagonal which hasn't happened yet. (on weekly)
i'd like to see a diagonal ending too but that requires us to break the weekly trendline which price bounced off today and once its broken only god can convince traders to stop selling that pair before we reach 128 (if not pushing it to another new low), do you think BOJ is going to let that happen?
I recommend you read something else as this sentence is now concluded.
  • #126,347
  • Oct 24, 2008 9:07pm Oct 24, 2008 9:07pm
Quoting Raza
What did you mean by ending Diagonal??? explain please or chart. Thanks
http://www.forexfactory.com/showpost...stcount=123285

it's just my thought. i can be completely wrong.
  • #126,348
  • Oct 24, 2008 9:21pm Oct 24, 2008 9:21pm
Quoting Obaidah
i'd like to see a diagonal ending too but that requires us to break the weekly trendline which price bounced off today and once its broken only god can convince traders to stop selling that pair before we reach 128 (if not pushing it to another new low), do you think BOJ is going to let that happen?
yes. i agree with what you are saying but i highly doubt that this wave will just end with a single red stroke of weekly bar. in some cases it can happen, but most cases, it tends to make the diagonal. another thing is that when this pair reverses from the bottom, i would expect the upward move would be parabolic , not a strong bounce as i understand it would take years to heal current crisis. whichever the case is, i stand ready, bulls or bears.

it's just a thought.
  • #126,349
  • Oct 24, 2008 9:34pm Oct 24, 2008 9:34pm
Quoting pkimnyc
yes. i agree with what you are saying but i highly doubt that this wave will just end with a single red stroke of weekly bar. in some cases it can happen, but most cases, it tends to make the diagonal. another thing is that when this pair reverses from the bottom, i would expect the upward move would be parabolic , not a strong bounce as i understand it would take years to heal current crisis. whichever the case is, i stand ready, bulls or bears.

it's just a thought.
yes fundamentally there might be a lower bottom, well man, whether this is the bottom or not, im not Mr Buffet, H1 chart is enough for me to worry about
I recommend you read something else as this sentence is now concluded.
  • #126,350
  • Oct 24, 2008 9:42pm Oct 24, 2008 9:42pm
Quoting Obaidah
yes fundamentally there might be a lower bottom, well man, whether this is the bottom or not, im not Mr Buffet, H1 chart is enough for me to worry about
cheers
  • #126,351
  • Oct 24, 2008 11:57pm Oct 24, 2008 11:57pm
I said that on Oct 9. Never thought that would be possible at that time.

Quoting igmak
There is mistake.
Short and target 139
Do not follow my trades. Trade what you see on your own charts.
  • #126,352
  • Oct 25, 2008 2:36am Oct 25, 2008 2:36am
Hello Traderstar,

Just to add to Your article. I use MBT , I was pretty pleased with them ( not making promotion for them ).
Consider to old fashion it is true. Just an example for a case from yesterday, I had short entry on pair EURJPY on certain price , it went down 500 pips and they close my trade -500 pips, on a price which never occured during that day ....the price was there one week ago. ???? I called them and it took me three hours to sort it out.!!!! They call it sometimes " bad tick " from the banks. Anyway it was a pitty that I had to spent my money to call them from EU almost one hour, to call 5 people to get sort it out. And there is as well more.
On the other hand they are more problems, but I do not want to describe more.
Foir me this week was not good, but like KARMO say there is a godzilians chances in this market.
Quoting TraderStar
Obadiah:

I've never seen then widen the spread although in fast market times they will requote more often, so you click to buy or sell and you have to click again, or maybe 2-3 more times, in the meantime price is moving fast. It's an annoyance but I definitely prefer it to widening the spreads to something ridiculous.
I was with FXCM previously and they were a nightmare, they are aggressive stop hunters and IMO just look for ways to collect money from accounts.

FX Solutions has been great ... no stop huntiing that I can see, you can fund instantly (within 15-20 min) by credit card or paypal. They have a charting program called accucharts which I use together with MT4 as it gives more tfs like 3 min 20 min, 3 hour etc. So far (since May) I really like them. You can apply online and have an account funded and ready within hours.

I did apply with MBT as well (when I quit FXCM) but they have not figured out the Internet yet (!) so funding, etc is done the old fashioned way, by snail mail

I've never needed to use FXSol customer service because everything works, platform seems very stable and much better than the FXCM one.

Hope that helps
  • #126,353
  • Oct 25, 2008 2:40am Oct 25, 2008 2:40am
something to smile this Saturday in the office.
Quoting arezab
Ok let's tank baby. Nobody is in the market anymore right now ...
............ just you and me come here darling ..............
  • #126,354
  • Oct 25, 2008 2:43am Oct 25, 2008 2:43am
Just to add for Traderstar,

consider stop loss by MBT, if stop loss is placed by figure example 145,00 a nd price is ONE pip from there it NEVER ( so far ) took it from me. I think it is fair.
  • #126,355
  • Oct 25, 2008 7:06am Oct 25, 2008 7:06am
Based on my charts, I managed to capture most of the freefall to 149.00 level since I am a swing trader..

Previous post:

http://www.forexfactory.com/showpost...stcount=124832


Now that 149 level is no longer a strong support, my next target will be the all time low of 129 level...I believe that GJ will make history again for a new low if no government intervention help support the 129 support level this year. All fibs levels are broken based on the retracement from 251 and we will have a possible100% retracement back to 129 level..


I have my target set at the 130 area for another possible 2000 pips next week ...So far with all the financial crisis globally and fear in the market, I think 130 level will be possible next week....October is known for the worst month..

The 129 level maybe the bottom IMHO!!! Who knows but at least I have a level to target...

This month or year is the best Price Action I ever experienced, and I feel more action is yet to come..

Good Luck to everyone!!!

Enjoy the pips because it will be a LONG run back up ...

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  • #126,356
  • Oct 25, 2008 8:05am Oct 25, 2008 8:05am
Quoting quecee5
Agreed - but until I see 5 waves up and 3 waves down to confirm an uptrend, I'll sell every time. . .

We should not also take for granted that GJ has broken some historical support so why buy the carry trade long term when interest rates are being cut and will continue to be cut over the long term>

Why buy it when the world economy is going to hell in a hand basket?
Until we see the the equity market thaw out we will continue to see prices at all time lows. . .

Where is Markam when you need him. . .

Just my two cents. . .
  • #126,357
  • Oct 25, 2008 8:40am Oct 25, 2008 8:40am
god, i hope my count is wrong.
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  • #126,358
  • Oct 25, 2008 8:49am Oct 25, 2008 8:49am
Quoting malcolmb14
shh .. do not tell karmo that ... he will tell you your's and Orions Universe is going to explode ..lol
You made fun of my bearishness but I was right about it the whole time lol

Let's hope Orions account didn't blow up.
Trade what you see, not what you think.
  • #126,359
  • Oct 25, 2008 8:51am Oct 25, 2008 8:51am
Quoting karmostaji
You made fun of my bearishness but I was right about it the whole time lol

Let's hope Orions account didn't blow up.
hey karmo,
how do you feel bro?
slept well?
  • #126,360
  • Oct 25, 2008 8:55am Oct 25, 2008 8:55am
Quoting karmostaji
Reminder:

The Daily QQE is going to cross down by the end of today's candle.

Posted this on 22nd, the QQE doesn't lie.
Trade what you see, not what you think.
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