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

  • #135,841
  • Nov 13, 2008 9:04am Nov 13, 2008 9:04am
Quoting forexer
i had to raise the S/L at 144.00
i know it's risky trade and may be i will be kicked in the ass with nice loss but i still believe this beast is going tobe sold off making new low
I believe that too but your entry was a bad one, no offense..
Trade what you see, not what you think.
  • #135,842
  • Nov 13, 2008 9:04am Nov 13, 2008 9:04am
Quoting xoiper
u r funny
yeah ,trading is funny
I always knew that someday I would make it big
  • #135,843
  • Nov 13, 2008 9:05am Nov 13, 2008 9:05am
Quoting sonicdeejay
all I see is Lows are getting higher...

Sonic
yet we haven't had higher high so far.
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  • #135,844
  • Nov 13, 2008 9:05am Nov 13, 2008 9:05am
Quoting karmostaji
I believe that too but your entry was a bad one, no offense..
yes you're right ,bad one ,and too risky
I always knew that someday I would make it big
  • #135,845
  • Nov 13, 2008 9:07am Nov 13, 2008 9:07am
Quoting tazmaniak
Karmo you mean the 4h candle to close above 143?
even hourly if it does, it means its gonna go up higher
Trade what you see, not what you think.
  • #135,846
  • Nov 13, 2008 9:08am Nov 13, 2008 9:08am
Quoting lilmoe
i use MACD and QQE for OB/OS levels. plus price was in a range before that breakout, and therefore it's very likely it will go back to the range.

back in june, i explained a theory called "2nd time through". i don't have the book though ATM. this theory states that when price is in a range, the first breakout is usually a false breakout (same as the range back at 209-213 level). price goes through that range 2 times, and when it breaks through for the second time, that's ur best entry.

that's also why i said i'll go short if we get another...
When it breaks 2nd time do you draw a new LTL ? Or you leave the old one ?

Do you use standard MACD ? or modified ver ?
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #135,847
  • Nov 13, 2008 9:08am Nov 13, 2008 9:08am
Quoting moneybookers
so this time it's real break out then
could be this, or could be the second time. if 143.30 is taken out then the setup is void.

going for lunch, see u guys in a bit.
  • #135,848
  • Nov 13, 2008 9:10am Nov 13, 2008 9:10am
Quoting lilmoe
ur SL should've been a little above 1h gann.. and even though, ur entire entry was wrong. price was oversold when it broke out, hence "false" breakout.

no offence of course, but i'd like to advise selling rallies and buying dips (for the 3rd time). buying tops and selling bottoms reduce the probablity of the trade more than half.

hope it gets better for u next time

i agree with your view it was a hasty trade plus lousy entry

i should 've waited for more confirmation ,but now there is no going back i'm in the market stuck with my short position .
I always knew that someday I would make it big
  • #135,849
  • Nov 13, 2008 9:13am Nov 13, 2008 9:13am
Quoting forexer
i agree with your view it was a hasty trade plus lousy entry

i should 've waited for more confirmation ,but now there is no going back i'm in the market stuck with my short position .
I bet it is gonna to be eaten by brokers.
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #135,850
  • Nov 13, 2008 9:13am Nov 13, 2008 9:13am
Quoting forexer
yeah ,trading is funny
forexer u r here since 2006 u should be learned trading well take care next time
it is easy game but need careful
  • #135,851
  • Nov 13, 2008 9:15am Nov 13, 2008 9:15am
Quoting pkimnyc
yet we haven't had higher high so far.

it has been 12 hrs that i m making $$ fr EJ long...
u can check [eur/jpy] thread..

Sonic
  • #135,852
  • Nov 13, 2008 9:18am Nov 13, 2008 9:18am
Quoting sonicdeejay
it has been 12 hrs that i m making $$ fr EJ long...
u can check [eur/jpy] thread..

Sonic

n i use quik in quik out method as i m going CT...

Sonic
  • #135,853
  • Nov 13, 2008 9:19am Nov 13, 2008 9:19am
Quoting sonicdeejay
n i use quik in quik out method as i m going CT...

Sonic
different trading style. i see.
  • #135,854
  • Nov 13, 2008 9:19am Nov 13, 2008 9:19am
So, that's what a ping pong is!
Right now there is a bear flag, and if the price continue this way, bear must get patient and wait. If the price will get to hourly 50 ema and the top of the flag, could be an opportunity to short. Time'll tell
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  • #135,855
  • Nov 13, 2008 9:23am Nov 13, 2008 9:23am
Quoting lilmoe
could be this, or could be the second time. if 143.30 is taken out then the setup is void.

going for lunch, see u guys in a bit.
Hi Lilmoe. So is this the second time through now??
  • #135,856
  • Nov 13, 2008 9:25am Nov 13, 2008 9:25am
Quoting gillybabe
Hi Lilmoe. So is this the second time through now??
i think he's out..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #135,857
  • Nov 13, 2008 9:27am Nov 13, 2008 9:27am
Quoting england33
i think he's out..
It doesnt look like a break. Still ping pong granny in action.
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #135,858
  • Nov 13, 2008 9:28am Nov 13, 2008 9:28am
Quoting pkimnyc
different trading style. i see.
Cool buddy...anything..as long as keep pipping...

Sonic
  • #135,859
  • Nov 13, 2008 9:29am Nov 13, 2008 9:29am
Quoting pipsy_2
It doesnt look like a break. Still ping pong granny in action.
Yes I agree with you now - need some of those famous patience pills!
  • #135,860
  • Nov 13, 2008 9:29am Nov 13, 2008 9:29am
Quoting pipsy_2
It doesnt look like a break. Still ping pong granny in action.
no i mean i think he's out of the office..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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