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

  • #133,701
  • Nov 9, 2008 7:48pm Nov 9, 2008 7:48pm
I am tp at 154.50.... anybody with me on this one?
  • #133,702
  • Nov 9, 2008 7:48pm Nov 9, 2008 7:48pm
That's it the guy with one post just confirmed the downtrend....

So is everyone short yet?

jk....
  • #133,703
  • Nov 9, 2008 7:49pm Nov 9, 2008 7:49pm
already shorting
Read the entire market, money is made on the main trend not the fluctuation
  • #133,704
  • Nov 9, 2008 7:53pm Nov 9, 2008 7:53pm
30M QQE crossed down, but candle is still flirting with Gann HI Lo. although candle closed below 15M Gann HI Lo. No confirmation for tanking yet.... hold your trigger fingers..
Markets are not Random, they are designed!
  • #133,705
  • Nov 9, 2008 7:55pm Nov 9, 2008 7:55pm
Quoting ArEmIk
I am tp at 154.50.... anybody with me on this one?
Target is a min of 150.00 here
check out my blog: forexmademillionaire dot com
  • #133,706
  • Nov 9, 2008 7:59pm Nov 9, 2008 7:59pm
Quoting Geppy
Target is a min of 150.00 here
you have big appetite
Read the entire market, money is made on the main trend not the fluctuation
  • #133,707
  • Nov 9, 2008 8:00pm Nov 9, 2008 8:00pm
geppy turn to bearish or just retracement ....anybody can give some comments
  • #133,708
  • Nov 9, 2008 8:02pm Nov 9, 2008 8:02pm
Quoting Geppy
Target is a min of 150.00 here

My bad....i wasn't following that...I am pretty sure my prediction of 154.50 will come to pass though..... just watching the trend and the trade.
  • #133,709
  • Nov 9, 2008 8:02pm Nov 9, 2008 8:02pm
Quoting cancunkev
That's it the guy with one post just confirmed the downtrend....

So is everyone short yet?

jk....
lol reminds me of the guy who walks up to the craps table in Vegas, throws some chips on 'Yo-eleven' and expects everyone there to bet eleven also just because he's loud which equals a good bet.
What's that smell?
  • #133,710
  • Nov 9, 2008 8:08pm Nov 9, 2008 8:08pm
Quoting jon clogger
lol reminds me of the guy who walks up to the craps table in Vegas, throws some chips on 'Yo-eleven' and expects everyone there to bet eleven also just because he's loud which equals a good bet.
But I'm not betting here nor am I gambling....and sure I never intended for anyone to bet on my prediction. I want you to watch the where the trend is going and do not forget my No. 154.50. PM when it pass and I will be ready to share my little skill with you..
  • #133,711
  • Nov 9, 2008 8:09pm Nov 9, 2008 8:09pm
Seriously, you guys think we're coming off the top of this channel now? (already posted). Kinda hard to say, it might need another push up to touch the top.
  • #133,712
  • Edited 8:32pm Nov 9, 2008 8:14pm | Edited 8:32pm
doji on the 4 hour, i can see a trip up as high as 158.80 or there abouts, then like Geppy said, down to 150.00 area.

I'm short @ 157.06, now set to b/e, so bring on 150. I use spuds stochaic rope technique, if anyone knows it, the rope "broke the wall" and the stochs are crossing the 76.4 level, which is a good short indicator on the 1 hr chart.

Just my opinion

As Malcomb is pointed out below, I should clarify that I use Spuds technique combined with another fellow Ignot Rainbow Stoch technique and would normally be called a swing trader, not a day trader. I have enough experience with my system, and have a clear direction as to why, but do not follow me or any other trader blindly. I use a 200 Pip SL and an ideal RR of 2:1 and am willing to hold this trade as long as it takes or my SL is hit (though i moved it to B/E at +65 pips cause of the way the markets been moving).
  • #133,713
  • Nov 9, 2008 8:17pm Nov 9, 2008 8:17pm
as a more experienced trader I would like to me a few comment , please no newbies take offense.

I see all kinds of new posters in here

some calling reversals .... some doubting their calls ....some saying long ..

etc etc

decide what style of trading you want to do . I know for one thing there are a lot of traders in here with less than 2 years experience . i can see that from the postings.

If you fancy yourself as a day trader ... remember this 95% fail .....i have seen one trader in here tonight using 100 pip stop for 100 pip reward on what is likely a day trade. They lost if they did not close. As a day trader it is better to wait for the perfect trade at the perfect time and then take it , when 30 pip in profit take 1/2 off and move stop to be other half. If it goes against you and trade is not working close ASAP and take the SMALL loss.

I am a day trader. I cannot swing trade .. it is a very different style.

you have to 1st decide what style of trading you want to do .. then work your money management to suit that style.
Blogging daily now at www.volume.zone
  • #133,714
  • Nov 9, 2008 8:21pm Nov 9, 2008 8:21pm
Agree with Malcolm. changing trading styles 'in the mid air' burnt me so many times. deciding trading strategy before COMMITTING to a trade certainly helps your entry/exit mindset and discipline.

still learning
humblly

Serendipity

Quoting malcolmb14
as a more experienced trader I would like to me a few comment , please no newbies take offense.

I see all kinds of new posters in here

some calling reversals .... some doubting their calls ....some saying long ..

etc etc

decide what style of trading you want to do . I know for one thing there are a lot of traders in here with less than 2 years experience . i can see that from the postings.

If you fancy yourself as a day trader ... remember this 95% fail .....i have seen one trader in here tonight using 100 pip stop for 100 pip reward on what is likely a day trade. They lost if they did not close. As a day trader it is better to wait for the perfect trade at the perfect time and then...
  • #133,715
  • Nov 9, 2008 8:23pm Nov 9, 2008 8:23pm
m15 ema34 support for now

could be next top or just 61.8 retracement to 157
Attached Image (click to enlarge)
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  • #133,716
  • Nov 9, 2008 8:23pm Nov 9, 2008 8:23pm
as for trend .... the big blue line is a T3 trend indicator ....

looks up to me till we break 155

look to buy on the dips.....

156 ish maybe the dip as 15 min is starting to form a possible morning star

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Blogging daily now at www.volume.zone
  • #133,717
  • Nov 9, 2008 8:30pm Nov 9, 2008 8:30pm
Just notice this, potential double top here no the 1hr...
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check out my blog: forexmademillionaire dot com
  • #133,718
  • Nov 9, 2008 8:36pm Nov 9, 2008 8:36pm
Quoting Geppy
Just notice this, potential double top here no the 1hr...
long on dips is working very well .....


60 pips since last post .... aiming for 90 .. that will be my 230 for a quiet session
Blogging daily now at www.volume.zone
  • #133,719
  • Nov 9, 2008 8:38pm Nov 9, 2008 8:38pm
Quoting Geppy
Just notice this, potential double top here no the 1hr...
retesting m15 gann , m5 qqe is at 50 and trying to cross...
will tell us if double top plays out or not,
  • #133,720
  • Nov 9, 2008 8:38pm Nov 9, 2008 8:38pm
Quoting malcolmb14
long on dips is working very well .....


60 pips since last post .... aiming for 90 .. that will be my 230 for a quiet session
I'd appreciate it if you'd stop criticizing me considering we have different trading styles. I am not a day trader, but a swing trader.
check out my blog: forexmademillionaire dot com
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