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

  • #127,081
  • Oct 27, 2008 5:02pm Oct 27, 2008 5:02pm
Quoting TraderStar
This retracement good for adding to shorts?
i don't think the pullback is over. new DP at 144.90, it MIGHT be a good place to add a short with a tight stop. if u're not already short wait for a rally to short at a strong s/r level.

good S/R levels.

5m 50ema
DP
15m 50ema / 15m Gann
fibs

1h is not below gann yet, u might want to want for that if u want a strong direction. i personally confirm a strong direction when m30 cci30 closes below/above the -100/100 lines in a large swing / trending market, or 1h cci in a ranging market.

asian sessions have been mostly bearish lately, so i don't see why this should change this particular day.
  • #127,082
  • Oct 27, 2008 5:03pm Oct 27, 2008 5:03pm
Quoting malcolmb14
money management inthis market is critical .... I never risk more than 1.5% of account .... and in a whaky market like today I take that risk down even more to .75% . My position size is based on my account and risk per trade. I take half off at 30 or 50 pip and move stop to break or -10 , that way I can trade stress free most of the time as the worst that happens is i make 30 or 50 pips

I have been batting around 75% , keeping the losses SMALL and letting the winners run ..... that is the secret to still being here next year and the year after and the year after
  • #127,083
  • Oct 27, 2008 5:04pm Oct 27, 2008 5:04pm
Quoting lilmoe
i don't think the pullback is over. new DP at 144.90, it MIGHT be a good place to add a short with a tight stop. if u're not already short wait for a rally to short at a strong s/r level.

good S/R levels.

5m 50ema
DP
15m 50ema / 15m Gann
fibs

1h is not below gann yet, u might want to want for that if u want a strong direction.

asian sessions have been mostly bearish lately, so i don't see why this should change this particular day.
OK, thanks
  • #127,084
  • Oct 27, 2008 5:13pm Oct 27, 2008 5:13pm
Dude, do u ever sleep/////


Quoting lilmoe
i don't think the pullback is over. new DP at 144.90, it MIGHT be a good place to add a short with a tight stop. if u're not already short wait for a rally to short at a strong s/r level.

good S/R levels.

5m 50ema
DP
15m 50ema / 15m Gann
fibs

1h is not below gann yet, u might want to want for that if u want a strong direction. i personally confirm a strong direction when m30 cci30 closes below/above the -100/100 lines in a large swing / trending market, or 1h cci in a ranging market.

asian sessions have been mostly bearish lately, so i don't see why this should change this particular day.
  • #127,085
  • Oct 27, 2008 5:19pm Oct 27, 2008 5:19pm
Quoting lilmoe
wait for a rally to short at a strong s/r level.

good S/R levels.

5m 50ema
DP
15m 50ema / 15m Gann
fibs

1h is not below gann yet, u might want to want for that if u want a strong direction. i personally confirm a strong direction when m30 cci30 closes below/above the -100/100 lines in a large swing / trending market, or 1h cci in a ranging market.
Are these S/R levels valid for anytime, long or short .. or are they particular to the situation right now with the GY?
  • #127,086
  • Oct 27, 2008 5:25pm Oct 27, 2008 5:25pm
Quoting lilmoe
i don't think the pullback is over. new DP at 144.90, it MIGHT be a good place to add a short with a tight stop. if u're not already short wait for a rally to short at a strong s/r level.

good S/R levels.

5m 50ema
DP
15m 50ema / 15m Gann
fibs

1h is not below gann yet, u might want to want for that if u want a strong direction. i personally confirm a strong direction when m30 cci30 closes below/above the -100/100 lines in a large swing / trending market, or 1h cci in a ranging market.

asian sessions have been mostly bearish lately, so i don't see why this should change this particular day.

iun at 144,35 ... short .. retest of 38 % fe on the cards at 143.8
Blogging daily now at www.volume.zone
  • #127,087
  • Oct 27, 2008 5:26pm Oct 27, 2008 5:26pm
bearflag has been broken
tank baby
  • #127,088
  • Oct 27, 2008 5:27pm Oct 27, 2008 5:27pm
Quoting malcolmb14
iun at 144,35 ... short .. retest of 38 % fe on the cards at 143.8


meet my friend the 3 min chart .... t3 trend indicator , 33 sma and 30 pip lines off daily pivot ...

rsi could not get above 50 .... it says short under 30 pip line at 144.35

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
Blogging daily now at www.volume.zone
  • #127,089
  • Oct 27, 2008 5:35pm Oct 27, 2008 5:35pm
Quoting malcolmb14
meet my friend the 3 min chart .... t3 trend indicator , 33 sma and 30 pip lines off daily pivot ...

rsi could not get above 50 .... it says short under 30 pip line at 144.35

Attachment
What is a 30 pip line?

And in previous post you said price could go to .38 FE ... that is fib extension? Fib from where to where?
  • #127,090
  • Oct 27, 2008 5:38pm Oct 27, 2008 5:38pm
On the hourly we see the pennant, I have set a TP of 142 based on my estimation of how long price will take to hit lower line (in about 6 hrs..probably wrong!). The 33 SMA is doing a good job containing price to the upside.

The 5 min TF bear flag just broke and the 200 SMA is holding the upside.

Gonna leave this on overnight and see how much trouble I'm in at London open
Attached Images
Money & Pain Respect the market, protect your capital, be patient
  • #127,091
  • Oct 27, 2008 5:40pm Oct 27, 2008 5:40pm
Quoting TraderStar
What is a 30 pip line?

And in previous post you said price could go to .38 FE ... that is fib extension? Fib from where to where?
1-2-3 sell fib extensions ... here is the points i used to plot it


30 pip lines (t30) are lines plotted at 30 pip intervals off the daily pivot ... they act as support and resistance ... very cool ....

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
Blogging daily now at www.volume.zone
  • #127,092
  • Oct 27, 2008 5:45pm Oct 27, 2008 5:45pm
What is with the 30 pip spreads on fxcm
  • #127,093
  • Oct 27, 2008 5:48pm Oct 27, 2008 5:48pm
MBT spread in some moments 40
Quoting wildcards1
What is with the 30 pip spreads on fxcm
  • #127,094
  • Oct 27, 2008 5:52pm Oct 27, 2008 5:52pm
they are crooks...Get out while u can



Quoting wildcards1
What is with the 30 pip spreads on fxcm
  • #127,095
  • Oct 27, 2008 5:59pm Oct 27, 2008 5:59pm
adding more shorts at 144.86, 30 pip stop.
  • #127,096
  • Oct 27, 2008 6:01pm Oct 27, 2008 6:01pm
Quoting wildcards1
What is with the 30 pip spreads on fxcm
now why the hell would u want to stay with a terrible broker like that??? they don't want u to make any move?

get a fixed rate broker. Fx solutions might work for ya.
  • #127,097
  • Oct 27, 2008 6:03pm Oct 27, 2008 6:03pm
Yeah , they are pretty consisitant in spreads. Sometimes they make some wierd moves like it shooting up 100 pips for no reason..It did it today...


Quoting lilmoe
now why the hell would u want to stay with a terrible broker like that??? they don't want u to make any move?

get a fixed rate broker. Fx solutions might work for ya.
  • #127,098
  • Oct 27, 2008 6:07pm Oct 27, 2008 6:07pm
Quoting lilmoe
now why the hell would u want to stay with a terrible broker like that??? they don't want u to make any move?

get a fixed rate broker. Fx solutions might work for ya.

I have never understood why people stay with FXCM and have their accounts ripped off every way possible. They are thieves. I used to be with them and watched them play every trick to grab money from my account.
Since May I am with FX Solutions ... completely different experience!
9 pip fixed spread on the GY has not budged a pip even through all the frenzied activity of past week.

Do not walk ... RUN .. from FXCM!!!

You can apply online & have an account open & funded with FX Solutions within hours ... why wait???
  • #127,099
  • Oct 27, 2008 6:08pm Oct 27, 2008 6:08pm
Quoting lilmoe
adding more shorts at 144.86, 30 pip stop.
Yep it went right where you said it would .. also has a bear flag on 15 min .. but now ... looks like it may be breaking up again...
  • #127,100
  • Oct 27, 2008 6:11pm Oct 27, 2008 6:11pm
Quoting lilmoe
adding more shorts at 144.86, 30 pip stop.
sure shot up...
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