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

  • #132,961
  • Nov 6, 2008 3:21pm Nov 6, 2008 3:21pm
Quoting rogerdoger
i'm with you on this one
I always knew that someday I would make it big
  • #132,962
  • Nov 6, 2008 3:25pm Nov 6, 2008 3:25pm
Quoting peaches
different people, same view, thats good for a trade
hey peaches,

keep your analysis and charts comin ... very good work and thanks to you for doing this ... you are truley becoming an expert .... perhaps you and Steve Nison can right a book together ;-)

Have a good night

-poweredbuyer
  • #132,963
  • Nov 6, 2008 3:25pm Nov 6, 2008 3:25pm
Back on the short bus!

We should see the USS Crapper soon!

B
  • #132,964
  • Nov 6, 2008 3:26pm Nov 6, 2008 3:26pm
Quoting forexer
yeah i agree but there is increased selling momentum indicated by the ADX indicators on h1 and h4 TF

Interesting...can ya post a chart? I don't use the ADX, but Id sure like to take a look at what you are seeing because Im considering putting a small long at this price with a decent entry according to the TL.
  • #132,965
  • Nov 6, 2008 3:43pm Nov 6, 2008 3:43pm
added to short 15280 ema 14 5 min chart
  • #132,966
  • Nov 6, 2008 3:48pm Nov 6, 2008 3:48pm
Quoting 5ysfx
added to short 15280 ema 14 5 min chart
  • #132,967
  • Nov 6, 2008 3:50pm Nov 6, 2008 3:50pm
Quoting 5ysfx
added to short 15280 ema 14 5 min chart
Just out of curiosity. whats ur typical stop loss set at?

These violent swings are deadly I was short this morning at 156.80 and for the first time left a 150 pip stop ... worked out for me ...

also adding shorts now Bears waking up after they see the DOW got kicked in the teeth. I believe tommorow will be a big day with the DOW closing below 8000. Nothing technical but pure gut instant (totally wrong) just after todays earnings for some blue chips and the elections being over ... fear returns ....

:-)

my useless two cents.

Thanks

-Powered
  • #132,968
  • Nov 6, 2008 3:53pm Nov 6, 2008 3:53pm
Quoting 5ysfx
added to short 15280 ema 14 5 min chart
same, though my signal was 5sma on 15m
  • #132,969
  • Nov 6, 2008 3:57pm Nov 6, 2008 3:57pm
Quoting poweredbuyer
Just out of curiosity. whats ur typical stop loss set at?

These violent swings are deadly I was short this morning at 156.80 and for the first time left a 150 pip stop ... worked out for me ...

also adding shorts now Bears waking up after they see the DOW got kicked in the teeth. I believe tommorow will be a big day with the DOW closing below 8000. Nothing technical but pure gut instant (totally wrong) just after todays earnings for some blue chips and the elections being over ... fear returns ....

:-)

my useless two cents.

Thanks

-Powered

Typical are

50 pips in ranging markets (1% risk)
no SL in trending market (no risk )
100-200 pips SL on counter trend trades but small position (0.5%-1% risk)
  • #132,970
  • Nov 6, 2008 3:58pm Nov 6, 2008 3:58pm
Quoting 5ysfx
Typical are

50 pips in ranging markets (1% risk)
no SL in trending market (no risk )
100-200 pips SL on counter trend trades but small position (0.5%-1% risk)
Thanks ... I use a similar approach. Seems the only way to survive trading this beast.

Good luck and all the best.
  • #132,971
  • Edited 4:36pm Nov 6, 2008 4:03pm | Edited 4:36pm
looks like a retest 154 / 154.40 trendline +4h5sma. bullish div. on 15min

edit: hot air
  • #132,972
  • Nov 6, 2008 4:08pm Nov 6, 2008 4:08pm
70 to 150 pip stop depending on how strong a trend. I usually move to break even around 70pips to play it safe...sometimes I miss out but I also dont get hit with huge losses...
  • #132,973
  • Nov 6, 2008 4:22pm Nov 6, 2008 4:22pm
reached my daily target,

later folks..
I recommend you read something else as this sentence is now concluded.
  • #132,974
  • Nov 6, 2008 4:33pm Nov 6, 2008 4:33pm
Obaidah, what's your daily target. Sorry, just learning.
  • #132,975
  • Nov 6, 2008 4:35pm Nov 6, 2008 4:35pm
Locked and loaded fresh for the short bus...

one remaining open short from 160.70
Attached Image
FUBAR...
  • #132,976
  • Nov 6, 2008 4:39pm Nov 6, 2008 4:39pm
closed a few shorts at 152

still open position from 157.30 to 155 moved SL to 15450

small long as counter trade at 152
  • #132,977
  • Nov 6, 2008 4:58pm Nov 6, 2008 4:58pm
180 pips till tp. here comes 149
  • #132,978
  • Nov 6, 2008 5:04pm Nov 6, 2008 5:04pm
Quoting 5ysfx
closed a few shorts at 152

still open position from 157.30 to 155 moved SL to 15450

small long as counter trade at 152
long again 15205 SL 50 pips
  • #132,979
  • Nov 6, 2008 5:24pm Nov 6, 2008 5:24pm
[FOCUS COMMENT] - It was another risk averse session overnight, with US stocks tumbling for the second day running on heightened concerns over a deep global recession. Yen trades have been surprising less affected by the equity carnage, with some concerns over intervention.
Patience + Humility + Study = Success
  • #132,980
  • Nov 6, 2008 5:27pm Nov 6, 2008 5:27pm
Quoting 5ysfx
long again 15205 SL 50 pips
Why trying to against a tidal wave? U would be mostly wrong than right.
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