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

  • #137,501
  • Nov 17, 2008 1:55pm Nov 17, 2008 1:55pm
Quoting malcolmb14
something to be aware of right now

it would be so easy for them to set a trap up move .... to shake out shorts off 146 and to lure bulls in at the 146 level .

If a move up comes during asia on high volume on a 5min , I would not rush in .. this could be trap being set , look for a follow through , or a re-test of the breakout level 146 and look for signs of 146 holding

this is a little trick i learnt while trading breakouts on stocks. It
only cost me $20 k of losses to learn do not rush in
Good Advice malclomb14!!!!
  • #137,502
  • Nov 17, 2008 2:01pm Nov 17, 2008 2:01pm
Quoting malcolmb14
something to be aware of right now

it would be so easy for them to set a trap up move .... to shake out shorts off 146 and to lure bulls in at the 146 level .

If a move up comes during asia on high volume on a 5min , I would not rush in .. this could be trap being set , look for a follow through , or a re-test of the breakout level 146 and look for signs of 146 holding

this is a little trick i learnt while trading breakouts on stocks. It
only cost me $20 k of losses to learn do not rush in
Make it Milky Bar Smart Kid

Excellent piece of advice there,
  • #137,503
  • Nov 17, 2008 2:06pm Nov 17, 2008 2:06pm
Quoting pkimnyc
one thing you must remember.

malcolmb = scalper
karmo = long term
lilmoe = 2 timer (sorry moe)
  • #137,504
  • Nov 17, 2008 2:07pm Nov 17, 2008 2:07pm
Quoting pkimnyc
one thing you must remember.

malcolmb = scalper
karmo = long term
lilmoe = 2 timer (sorry moe)

learn their method, instead of following their calls. they explain the reason behind their trades.

if you follow anyone's call:

by the time you enter your trade, people already taken 1/2 off while protecting the rest of the positions. might be too late for you.

hope this helps.

cheers.
lilmoe = 2 timer (sorry moe)
  • #137,505
  • Nov 17, 2008 2:09pm Nov 17, 2008 2:09pm
Quoting lilmoe
  • #137,506
  • Nov 17, 2008 2:10pm Nov 17, 2008 2:10pm
Quoting forexlion
Make it Milky Bar Smart Kid

Excellent piece of advice there,
there he is


Attached Image
  • #137,507
  • Nov 17, 2008 2:12pm Nov 17, 2008 2:12pm
Quoting lilmoe
there he is


Attachment
Trade what you see, not what you think.
  • #137,508
  • Nov 17, 2008 2:14pm Nov 17, 2008 2:14pm
super advice..took another lesson
Quoting malcolmb14
something to be aware of right now

it would be so easy for them to set a trap up move .... to shake out shorts off 146 and to lure bulls in at the 146 level .

If a move up comes during asia on high volume on a 5min , I would not rush in .. this could be trap being set , look for a follow through , or a re-test of the breakout level 146 and look for signs of 146 holding

this is a little trick i learnt while trading breakouts on stocks. It
only cost me $20 k of losses to learn do not rush in
  • #137,509
  • Nov 17, 2008 2:19pm Nov 17, 2008 2:19pm
wow match.com has a new ad running, marry one and get one free
  • #137,510
  • Nov 17, 2008 2:20pm Nov 17, 2008 2:20pm
Quoting forexlion
wow match.com has a new ad running, marry one and get one free
  • #137,511
  • Nov 17, 2008 2:21pm Nov 17, 2008 2:21pm
I believe all of You are great!!!!!!
Because there is not to many traders to share their systems and if You want to learn You pay!! So why we should not appreciate Your kindness!!
If someone has different opinion, go to different ring...
thanks to all efforts of Karmo, Malcolm, Lilmoe..Quecce, Scrat and others..sorry to forget some of You..



Quoting karmostaji
Exactly, none of us is perfect except for malcolmb.. lol j/k
  • #137,512
  • Nov 17, 2008 2:22pm Nov 17, 2008 2:22pm
So today I’m facing my demons, I’ve been trading for a year or so and through the help of many of you on this thread have made thousands of pips. Everyone from Malcolmb, Karmo,Lilmoe,Godfrey,Pkimnyc, Peaches, Dr Geppynius, Orionsway, Pipchick, Traderstar the list goes on, has helped me to rake in the pips, and me alone have given them all back to my broker…plus more. I’m really fed up with myself, sure I’ve read and re-read all the books, yes Karmo I’ve been to baby pips, hell I’ve even checked in on Breeze. What has been the straw to break the camels back? If I had just taken half my profit moved my stop to breakeven and let it ride on my very first trade today my account would be damn close to half a million dollars for doing…what for it …absolutely nothing! . Instead I’ve blown up my account. So today I face my demons, I’m taking a very small amount account and banking my 30 pips and calling it a day and try to do that every day. I guess if we can’t learn from our past we are doomed to repeat it. This post is to thank all those great selfless traders who chose to pass on there wisdom, and to share my experience so a new trader does not have to end up blowing up their account.
  • #137,513
  • Nov 17, 2008 2:26pm Nov 17, 2008 2:26pm
Quoting pipsicle
[font=Times New Roman][size=1]So today I’m facing my demons, I’ve been trading for a year or so and through the help of many of you on this thread have made thousands of pips. Everyone from Malcolmb, Karmo,Lilmoe,Godfrey,Pkimnyc, Peaches, Dr Geppynius, Orionsway, Pipchick, Traderstar...
Sorry to hear that pipsicle. I did the same, lost $50k and took 2 years to recover it. I was very sick for a long time, but even if you have $40.00 in a micro account there's hope. Just take $1 at a time, or less if necessary.

You'll be back before you know it.
What's that smell?
  • #137,514
  • Nov 17, 2008 2:29pm Nov 17, 2008 2:29pm
Quoting malcolmb14
it would be really nice to see a little pull back into 145 ish trend line to sprak new buying interest to take it through the top of the triangle

Hey Malcom, I would like to use fib exts on my chart. how do i draw them?
  • #137,515
  • Nov 17, 2008 2:30pm Nov 17, 2008 2:30pm
Quoting pipsicle
[font=Times New Roman][size=1]So today I’m facing my demons, I’ve been trading for a year or so and through the help of many of you on this thread have made thousands of pips. Everyone from Malcolmb, Karmo,Lilmoe,Godfrey,Pkimnyc, Peaches, Dr Geppynius, Orionsway, Pipchick, Traderstar the list goes on, has helped me to rake in the pips, and me alone have given them all back to my broker…plus more. I’m really fed up with myself, sure I’ve read and re-read all the books, yes Karmo I’ve been to baby pips, hell I’ve even checked in on Breeze. What has...
Come on over the James16 thread.
Humble Lifetime Member
  • #137,516
  • Nov 17, 2008 2:31pm Nov 17, 2008 2:31pm
since oil started going down from 110 back in late september, it did NOT make a single decent retracement.

i expect it to RETRACE once we hit 50$ a barrel, if it doesn't then i don't know.

when it does retrace i think all majors will start a big retracement on the weekly/monthly level.

monthly charts are looking bloody red with no single retracement.

a MAJOR retracement is coming ladies and gents. when? i have no idea.
  • #137,517
  • Nov 17, 2008 2:31pm Nov 17, 2008 2:31pm
G/Y down to @ 145.5. is this enough rest time for the bulls to get back on the horse?
  • #137,518
  • Nov 17, 2008 2:34pm Nov 17, 2008 2:34pm
Quoting ArEmIk
Hey Malcom, I would like to use fib exts on my chart. how do i draw them?
Try this....
http://www.swing-trade-stocks.com/fi...racements.html

Easy to understand video clip.
  • #137,519
  • Nov 17, 2008 2:35pm Nov 17, 2008 2:35pm
Quoting USTrader
G/Y down to @ 145.5. is this enough rest time for the bulls to get back on the horse?
i'm still bullish although the air is getting thin.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #137,520
  • Nov 17, 2008 2:36pm Nov 17, 2008 2:36pm
Quoting lilmoe
since oil started going down from 110 back in late september, it did NOT make a single decent retracement.

i expect it to RETRACE once we hit 50$ a barrel, if it doesn't then i don't know.

when it does retrace i think all majors will start a big retracement on the weekly/monthly level.

monthly charts are looking bloody red with no single retracement.

a MAJOR retracement is coming ladies and gents. when? i have no idea.
crb is getting smashed
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
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