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

  • #132,301
  • Nov 5, 2008 2:53pm Nov 5, 2008 2:53pm
Quoting xoiper
long ej as well 126.55 tp 127.20
closed both i want to sleep
  • #132,302
  • Nov 5, 2008 2:57pm Nov 5, 2008 2:57pm
Quoting xoiper
closed both i want to sleep
good. but make sure u read my latest post before u do that.

40 something calls and not a damn chart...
  • #132,303
  • Nov 5, 2008 2:58pm Nov 5, 2008 2:58pm
lilwoe whats your call on GJ right now, do you agree with malcolmb
  • #132,304
  • Nov 5, 2008 2:59pm Nov 5, 2008 2:59pm
I am out at present but will be tempted to long if the 2h 100sma I posted a chart of holds. This is now on a rising curve and could signal a bottoms up
  • #132,305
  • Nov 5, 2008 3:00pm Nov 5, 2008 3:00pm
Quoting gillybabe
That is how I was yesterday - I thought it only happened to us noobs. I am sorry for you - it is dificult to let go after that. I have not traded at all today, but might now if it gets exciting!
be careful of anyone who claims to be a pure winner

i was not in my best mood. i should not have traded today, but this is a lesson i never learn... oh well. i lost 7% of my account.
  • #132,306
  • Nov 5, 2008 3:01pm Nov 5, 2008 3:01pm
Quoting lilmoe
my day started and ended utterly shitty...

-112 pips so far

7 trades, 5 losers and 2 winners, could've been more than -200 pips.
i closed the platform 5 hours ago, took a shower, had a nap and just came back.

i kinda knew this would happen. i literally knew that the bottom was bottom and the top was top. i chicked out of going long at london's bottom, and closed a 500 potential short for 5 pips..... this is my worse day in months...

I respect you more than ever now ....it takes a big guy to admit their losses

you need some rest ... maybe you are still sick .

lol .... -112 that is it ... after all the thousands you take out of the market , a small offering for the forex gods .... they will give you loads of green pips in return
Blogging daily now at www.volume.zone
  • #132,307
  • Nov 5, 2008 3:01pm Nov 5, 2008 3:01pm
This call might be a long : 15M
Attached Image (click to enlarge)
Click to Enlarge Name: chart1_2.jpg Size: 67 KB
I have not failed. I've just found 10,000 ways that won't work -
  • #132,308
  • Nov 5, 2008 3:06pm Nov 5, 2008 3:06pm
Hi everyone. I have finally decided to make my first post today. Been lurking for over a year and just made an account less than a month ago. I hope to be a contributor to this thread as this thread has helped me so much to understand the GBP/JPY pair. Happy pippin to all of you!
  • #132,309
  • Nov 5, 2008 3:07pm Nov 5, 2008 3:07pm
Quoting malcolmb14
I respect you more than ever now ....it takes a big guy to admit their losses

you need some rest ... maybe you are still sick .

lol .... -112 that is it ... after all the thousands you take out of the market , a small offering for the forex gods .... they will give you loads of green pips in return
lol, thanks.. but the case is different. -112 was 7% of my account. and usually 1000 winner pips are 20%, it's because i take partial profit. when i'm stopped out of a position, the entire position is stopped. that's why i was working so hard on refining my entries so that my stops are minimum. but things didn't work out as i thought they would today.

u're right, i think i need some rest
  • #132,310
  • Nov 5, 2008 3:08pm Nov 5, 2008 3:08pm
Quoting gillybabe
Hi malcolm. It is very unlike yu to get so excited! What makes you so sure tonight is the nite?? Could you possibly explain on one of your charts. Thanks. BtW, I have this mental picture of this mad 6ft 4in guy leaping around doing his little jig in his office, like an Indian war chief (All this since you described yourself as not being gay) . Makes me smile
after my start to the week when i got my 500 pip draw down and was adding short on way up i swore i would give up my career as a swing trader.

Then with the way the day started off i swore i would give uip my career as a trader full stop ...lol

I do not have ny esignal software on this puter . but draw a trend line on 15 min chart ..

if price does not break this and follows it down .. we may hit 150 with in 8 hours

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 25 KB
Blogging daily now at www.volume.zone
  • #132,311
  • Nov 5, 2008 3:10pm Nov 5, 2008 3:10pm
Quoting lilmoe
i'm not trying to be rude here. but i'm going to be addressing some new faces that post trade calls.

this thread is for analysis purposes. i myself, karmo, malcomb, peaches, and other traders do post a good amount of calls though. HOWEVER, our systems are well known to this thread, and when a call is made without analysis backup, we assume that most of the readers here have a good idea why we did.

i would like to ask those who post random calls to back their trade with reasoning and analysis. otherwise, this thread will turn into a major collection of junk, some worth looking at and some just taking up valuable space and reader time. this also might lead to confusion for those reading this...
WORD!!!
  • #132,312
  • Nov 5, 2008 3:12pm Nov 5, 2008 3:12pm
got two important shorts if this beast doesnt tank i'm stoned!
  • #132,313
  • Nov 5, 2008 3:12pm Nov 5, 2008 3:12pm
Quoting lilmoe
lol, thanks.. but the case is different. -112 was 7% of my account. and usually 1000 winner pips are 20%, it's because i take partial profit. when i'm stopped out of a position, the entire position is stopped. that's why i was working so hard on refining my entries so that my stops are minimum. but things didn't work out as i thought they would today.

u're right, i think i need some rest

I hate to say this ... but look at this day on a learning note

your account was really overleveraged and even the best traders have off days. ( and in my mind you are one of the best) .. and NO I AM NOT GAY ...lol

hell i could have made millions by now ... but only grew my account 45 % this month , no more than 1% risk on each trade and I have had stracks of losers along the way . The guys in my trading room will verify that ( they were pissed at me this morning) ..lol
Blogging daily now at www.volume.zone
  • #132,314
  • Nov 5, 2008 3:14pm Nov 5, 2008 3:14pm
did they ban forex trading ?

gj been in mad 30 pip channel for last hour .... lol . i had to look at three different data feeds to make sure the market still had a pulse
Blogging daily now at www.volume.zone
  • #132,315
  • Nov 5, 2008 3:15pm Nov 5, 2008 3:15pm
Quoting lilmoe
i'm not trying to be rude here. but i'm going to be addressing some new faces that post trade calls.

this thread is for analysis purposes. i myself, karmo, malcomb, peaches, and other traders do post a good amount of calls though. HOWEVER, our systems are well known to this thread, and when a call is made without...
im still learning
  • #132,316
  • Nov 5, 2008 3:16pm Nov 5, 2008 3:16pm
Quoting lilmoe
be careful of anyone who claims to be a pure winner

i was not in my best mood. i should not have traded today, but this is a lesson i never learn... oh well. i lost 7% of my account.
Dude
7% =-112 pips

crazy MM u got
  • #132,317
  • Nov 5, 2008 3:18pm Nov 5, 2008 3:18pm
Quoting lilmoe
i'm not trying to be rude here. but i'm going to be addressing some new faces that post trade calls.

this thread is for analysis purposes. i myself, karmo, malcomb, peaches, and other traders do post a good amount of calls though. HOWEVER, our systems are well known to this thread, and when a call is made without...
man wake up we r not running court here
any way i dont want be rude to u too u r a great trader u been here for a long time understand trading and i understand trading too i been looking at charts for two years now and i can know where price can go so most trades i post here are scalp (calls that i know it ll really happen)and u can look at all call i post today (all profitable)and any body are welcome to follow
about scalp trade in my opinion it need no reason or analysis.and even if i post them which most simply because of price action no body ll catch the trade
about ur calls it is great and i do not want to talk about
and u r welcome to discuss my calls if it was wrong
  • #132,318
  • Nov 5, 2008 3:20pm Nov 5, 2008 3:20pm
Quoting steelhead
So let me see if I understand you right. You are advocating buying as the market is going up and selling if it breaks down? Am I wrong?

Cause that would not be a wise move. Buy as the market is going down sell as it is going up. Basic principles that apply to all markets. If this thing dips below 155 lets say to 154.80 and I get a solid four hour close I guarantee you I will be on the otherside of the short that you say you will take.

Remember most breakouts are false breakouts they are a classic sucker play.
sorry i didnt post any visual, which i should, as lilmoe said post without any anaylsis could ruin this thread. i will keep my attachment ready before i post next time.

at this point, market is waiting for a breakout..
here's what i m looking at

4hr RSI is resting on TL and it has bounced once from here, so a long is possible and preffred position because market sentiment is long with a target of upper TL of the down channel on 4HR, and might break the channel depending upon the momentum.

on the other side , incase it breaks the support TL with in the channel and so 4hr RSI TL, the target would be prev bottom near 100% fibo , or the bottom of the channel.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 25 KB
  • #132,319
  • Nov 5, 2008 3:20pm Nov 5, 2008 3:20pm
Quoting forexlion
lilwoe whats your call on GJ right now, do you agree with malcolmb
yes. 4h cci is telling me there's a breakout (below -100 line). we also broke out of a huge bear flag on 4h (blue).

we might either head up for a retest of that flag, or head straight down from here. today was pretty choppy in 100-150 pip intervals. killed my nerves bigtime.

the key level of support i'm showing right now is 153.69 and the 4h bull flag (brown) upper TL is our major resistance. when either of them i taken out we should resume our trending behavior i believe.

if we break downwards, i have a set of fibo extensions that should work as targets. also put in consideration the lower TL of the brown bull flag. we might have another bounce from there.

i think we'll have a choppy weak. if tomorrow stays the same, i might stop trading for the day.

note: this kind of PA says that a MASSIVE move is about to happen. the 4h bull flag may be some sort of manipulation. remember, GJ sets itself (Charts) on the opposite direction before a massive move. if this bull flag is broken downwards, there's a big chance 139 will be taken out by a large margin. and vice versa for a breakout north, where the current breakout would be a fake.

chart:
Attached Image (click to enlarge)
Click to Enlarge Name: gj_4h_breakout.gif Size: 21 KB
  • #132,320
  • Nov 5, 2008 3:23pm Nov 5, 2008 3:23pm
Quoting lilmoe
lol, thanks.. but the case is different. -112 was 7% of my account. and usually 1000 winner pips are 20%, it's because i take partial profit. when i'm stopped out of a position, the entire position is stopped. that's why i was working so hard on refining my entries so that my stops are minimum. but things didn't work out as i thought they would today.

u're right, i think i need some rest
and i m sorry for ur lose today hope tomorrow be better for u
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