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

  • #136,201
  • Nov 13, 2008 3:53pm Nov 13, 2008 3:53pm
Quoting USTrader
G/Y:

TF 4H upper shadow touching the GANN. Hovering around D Pivot 144.977.

Also, 145.135 Resistance.

G/Y is
currently we do nothing since volume has heavily dried up, you have to wait for asian session for further action.
  • #136,202
  • Nov 13, 2008 3:54pm Nov 13, 2008 3:54pm
Quoting USTrader
4H and D TF trending down.... ????

Why doesn't it do what it's supposed too...!!!!

100tick,1m,2m,3m,5m,10m,15m,30m,60m,120m and tzhen the 240h and daily tf changes and realizes where we are going
  • #136,203
  • Nov 13, 2008 4:01pm Nov 13, 2008 4:01pm
Quoting Dr.Geppynius
currently we do nothing since volume has heavily dried up, you have to wait for asian session for further action.


Volume drying up isn't good. Beside the
Reuters 3000 Xtra

how else can you monitor volume?

Of course, technical can't operate without it and I've been wondering how you can get an across the board pulse on volume, not just from your individual broker?
  • #136,204
  • Nov 13, 2008 4:01pm Nov 13, 2008 4:01pm
sorry guys for gettin out the thread ... but i got short in EURJPY from 119.15 and now the loss is -600 ..... Any help here please?
  • #136,205
  • Nov 13, 2008 4:06pm Nov 13, 2008 4:06pm
Quoting mentos
sorry guys for gettin out the thread ... but i got short in EURJPY from 119.15 and now the loss is -600 ..... Any help here please?

no stop loss??
  • #136,206
  • Nov 13, 2008 4:07pm Nov 13, 2008 4:07pm
Quoting mentos
sorry guys for gettin out the thread ... but i got short in EURJPY from 119.15 and now the loss is -600 ..... Any help here please?
cut your loss and start fresh. imho
  • #136,207
  • Nov 13, 2008 4:08pm Nov 13, 2008 4:08pm
Quoting Islander
Yeeks - I've just been out for an excellent dinner, having closed all open positions first as the early action in the US session was all chop......now I return to see that the Dow rallied over 900 points in 3 hours - well if that's not help from the PPT then I dont know what is!

Doubtless the "Talking Heads" will come up with an explaination.

IMO the message is very clear - dont get gready, and Protect your Profits ..http://www.forexfactory.com/images/icons/icon12.gif
True enough. Also related IMO, don't get "married" to your positions. Things can change quickly. Stay flexible.

Speaking of which, we're now entering Asian session. Just about anything can happen here. A retrace down would be in character. But we could also see some carry trade buying, which would push things further up.
  • #136,208
  • Nov 13, 2008 4:10pm Nov 13, 2008 4:10pm
unbelievable. as soon as we started hitting new lows, price bounced back more than 700 pips. they never cease to amaze me. clear manipulation.
i am not buying into this and i advise newbies to stay away and observe. i do believe the trend IS bearish and IT WILL STAY bearish no matter what tricks big boys are pulling out of their asses. i will patiently wait for this rally to end and then i will short this beast again, and again, and again... until i see signs that downtrend has ended and uptrend has begin - in which case i will add long after long after long... yes i know i sound like a broken record but that's how it is if you're doing it right.
as i said, always assume the trend is going into one direction until proven otherwise; and in this case we have monthly, weekly, daily and even h4 BEARISH, so don't even think about buying this crap.
Nihil Sine Deo.
  • #136,209
  • Nov 13, 2008 4:11pm Nov 13, 2008 4:11pm
Quoting goodness
no stop loss??
.. i was watching it gettin higher .. but i couldn't make anything :S

Quote
cut your loss and start fresh. imho

that means losing 50 % of my budget ... is there any other solution?
  • #136,210
  • Nov 13, 2008 4:12pm Nov 13, 2008 4:12pm
It's time to become bulls gentlemen....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyflag.JPG Size: 52 KB
check out my blog: forexmademillionaire dot com
  • #136,211
  • Nov 13, 2008 4:13pm Nov 13, 2008 4:13pm
Quoting iiivb
just for the records...

GBP/JPY spread @ MB Trading ECN borker is...

ONLY...

38 pips atm...

and 30 mins ago was...

ONLY...

45 pips...

MOMENTS AGO -

MB TRADING.....
BID 144.81
ASK 145.51

70 PT SPREAD FOR SUCKERS
  • #136,212
  • Nov 13, 2008 4:15pm Nov 13, 2008 4:15pm
Quoting mentos
.. i was watching it gettin higher .. but i couldn't make anything :S



that means losing 50 % of my budget ... is there any other solution?
You should read up on money manegement. I risk 1% to 3% of my account at a time. No sucsessfull trader would risk 50%. You could have closed you position at a reasonable loss, and considered buying.
  • #136,213
  • Nov 13, 2008 4:18pm Nov 13, 2008 4:18pm
Quoting Petefaders
You should read up on money manegement. I risk 1% to 3% of my account at a time. No sucsessfull trader would risk 50%.
i know .... and i never took a risk more than 3 % before .... but this time i dont know why i didnt make a SL ....

am searching now for a solution ..... i know it was my fault ... but the cost here is too much

still waiting for ur opinion guys

and sorry for disturbance.
  • #136,214
  • Nov 13, 2008 4:18pm Nov 13, 2008 4:18pm
Quoting Scrat
unbelievable. as soon as we started hitting new lows, price bounced back more than 700 pips. they never cease to amaze me. clear manipulation.
i am not buying into this and i advise newbies to stay away and observe. i do believe the trend IS bearish and IT WILL STAY bearish no matter what tricks big boys are pulling out of their asses. i will patiently wait for this rally to end and then i will short this beast again, and again, and again... until i see signs that downtrend has ended and uptrend has begin - in which case i will add...
  • #136,215
  • Nov 13, 2008 4:20pm Nov 13, 2008 4:20pm
Quoting mentos
.. i was watching it gettin higher .. but i couldn't make anything :S



that means losing 50 % of my budget ... is there any other solution?
sorry to say...., but no.
next time, use proper money management. risk only 2% or 5% of your account size.

ps. don't forget to use stop loss.
  • #136,216
  • Nov 13, 2008 4:21pm Nov 13, 2008 4:21pm
Quoting mentos
i know .... and i never took a risk more than 3 % before .... but this time i dont know why i didnt make a SL ....

am searching now for a solution ..... i know it was my fault ... but the cost here is too mush

still waiting for ur opinion guys

and sorry for disturbance.
what do you want to hear?

cut your loss now and start with 50% of money left or keep the position open and "hope" that it comes back, by risking even more money.

THERE IS NO ADVICE which could take away the decision from you. we also cannot predcit the future and say price will come back.
  • #136,217
  • Nov 13, 2008 4:21pm Nov 13, 2008 4:21pm
Quoting Scrat
unbelievable. as soon as we started hitting new lows, price bounced back more than 700 pips. they never cease to amaze me. clear manipulation.
i am not buying into this and i advise newbies to stay away and observe. i do believe the trend IS bearish and IT WILL STAY bearish no matter what tricks big boys are pulling out of their asses. i will patiently wait for this rally to end and then i will short this beast again, and again, and again... until i see signs that downtrend has ended and uptrend has begin - in which case i will add...

Ahhh glad to hear a voice of reason...

Pulling up a H4 chart just shows that today's bounce technically was a bounce off of support (the previous low). Also the Dow bounced and it just followed that...

Hopefully the G/J will go back up to 149/150 area over the next day or preferably on Sunday so that I can reaccumulate my shorts. Watching the M5 and M15 chart people who are/were short thought it was the end of the world... it's still bearish unless this thing breaks a significant previous high... (which IMO is around 165)

Pred
  • #136,218
  • Nov 13, 2008 4:21pm Nov 13, 2008 4:21pm
Quoting mentos
sorry guys for gettin out the thread ... but i got short in EURJPY from 119.15 and now the loss is -600 ..... Any help here please?
OUCH!

Wait, I've made this mistake before, E/Y at 119, short? Right?

Looking like it's trending up, slightly on the 15M TF. 125.595 looks to be a R level.

But, what up with your MM? That's a big cushion.

Again, OUCH!

Difficult to see, the future is. - Yoda
  • #136,219
  • Nov 13, 2008 4:22pm Nov 13, 2008 4:22pm
Quoting Geppy
It's time to become bulls gentlemen....
i'm too to be in bulls or bears.
will have to see how things unfold.

congrats on your trade btw.
  • #136,220
  • Nov 13, 2008 4:24pm Nov 13, 2008 4:24pm
Quoting Scrat
unbelievable. as soon as we started hitting new lows, price bounced back more than 700 pips. they never cease to amaze me. clear manipulation.
i am not buying into this and i advise newbies to stay away and observe. i do believe the trend IS bearish and IT WILL STAY bearish no matter what tricks big boys are pulling out of their asses. i will patiently wait for this rally to end and then i will short this beast again, and again, and again... until i see signs that downtrend has ended and uptrend has begin - in which case i will add...

Thanks Scrat, for your input! Helps my little brain to focus on the pair's 'true' movement!
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