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

  • #137,581
  • Nov 17, 2008 4:08pm Nov 17, 2008 4:08pm
Quoting lilmoe
btw, i'm out of that long for 3 pips, lol...

i took it based on the possibility of a fake breakout. i thought price would rush upwards, but it didn't, oh well...

lets use the fib retarcements

price HAD to drop off 146 to get some more buying interest if is stands any chance of breaking 146 for move up to 148 / 150.

right now 30 min chart we are on the 33 sma and just above the 38 % fib at 144

as indicators on 30 min and above seem to give us entry ranges of 500 pips or more I like using fib extensions and retracement these days for targets


In order to really get the drop back into 142 or 141 range we have to look to GU. It is hovering around 1.5000 still with resistance at 1.5050 . 1.4950 has to hold for my bullish GU play to work . If this level gives out then we will see the lower 140's

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  • #137,582
  • Nov 17, 2008 4:08pm Nov 17, 2008 4:08pm
Quoting lilmoe
loooool, take it easy big guy, this is all temporary (5-10 years) until we get a good share of money to start something nice and quiet, while still trading longer term
How much do you want bro? with all these pips you make everyday you can turn a $1000 account into bill gates' grandfather in 10 years.

I'm out next year ...
Discipline + Patience - Fear - Greed = Success
  • #137,583
  • Nov 17, 2008 4:08pm Nov 17, 2008 4:08pm
Quoting lilmoe
loooool, take it easy big guy, this is all temporary (5-10 years) until we get a good share of money to start something nice and quiet, while still trading longer term
Ok Moe, what tp do u think for this short? Thanks
  • #137,584
  • Nov 17, 2008 4:11pm Nov 17, 2008 4:11pm
Quoting lilmoe
well i hope things turn out good for ya

so, mind telling us your view of the current GJ?
It is hard to say at this time of year. We can see the bottom being tested again but since it didn't bounce off strongly (on the daily) - i.e. it's still hanging around the lows could indicate a range until next year. Whichever way that range breaks should set the new trend.

Just set yourself up for range trading until a break is evident and since it's fairly wide on GJ (700 pips), there should be some pips in it.

Since we are ranging, I'd say it's a good idea to rescue trades rather than setting stops but this can be dangerous for those not familiar with it.
  • #137,585
  • Nov 17, 2008 4:14pm Nov 17, 2008 4:14pm


I don't know ... is this really a life we have? with all of these I'm enjoing this things ... I wish I had a small garden and plant fruits there ... I think I'm gonna do it someday. [/quote]


some fella up on planet mars watching us think we're all nuts on planet earth - i would tend to agree
  • #137,586
  • Nov 17, 2008 4:17pm Nov 17, 2008 4:17pm
Quoting malcolmb14
lets use the fib retarcements

price HAD to drop off 146 to get some more buying interest if is stands any chance of breaking 146 for move up to 148 / 150.

right now 30 min chart we are on the 33 sma and just above the 38 % fib at 144

as indicators on 30 min and above seem to give us entry ranges of 500 pips or more I like using fib extensions and retracement these days for targets


In order to really get the drop back into 142 or 141 range we have to look to GU. It is hovering around 1.5000 still with resistance at 1.5050 . 1.4950 has...
my entry should've been lower, more close to 38.2, yes u're right, i got in too fast.

m30 was showing me a good bullish HD, and m30's 50ema was perfectly coinciding with 38.2.

right now price seems to be looking for a 50%'er, probably a bit lower towards 143.2x. i'll try another long from there.
  • #137,587
  • Nov 17, 2008 4:21pm Nov 17, 2008 4:21pm
Quoting arezab
How much do you want bro? with all these pips you make everyday you can turn a $1000 account into bill gates' grandfather in 10 years.

I'm out next year ...
well, i've been in for 2 years now. 3-4 more years won't be a bad idea.

i want enough for a house, 3 cars, a farm, and the restaurant of my dreams (selling recipes from ingredients raised from my farm).
  • #137,588
  • Nov 17, 2008 4:21pm Nov 17, 2008 4:21pm
small long off 144.44

TL bounce
  • #137,589
  • Nov 17, 2008 4:23pm Nov 17, 2008 4:23pm
Quoting lilmoe
well, i've been in for 2 years now. 3-4 more years won't be a bad idea.

i want enough for a house, 3 cars, a farm, and the restaurant of my dreams (selling recipes from ingredients raised from my farm).
yikes, not to be nosey...but how many lots do you guys usually trade with?
  • #137,590
  • Nov 17, 2008 4:25pm Nov 17, 2008 4:25pm
Quoting Yaad
small long off 144.44

TL bounce
bail as long as you can.
even on 15m this is clear nomansland. i'd take care here since price can go to any side from here, but it tends to fall on low vol which we have to deal with between sessions.
  • #137,591
  • Nov 17, 2008 4:25pm Nov 17, 2008 4:25pm
How could you people go long atm? Pls give me your reason .. it hasn't retraced to 50% yet which is her favorite ..
Hourly trendline is broken, the chart still looks over-bought ..on and on ..
  • #137,592
  • Nov 17, 2008 4:25pm Nov 17, 2008 4:25pm
Quoting mktjong
Ok Moe, what tp do u think for this short? Thanks
the current level (but not sure anymore), or 143.50 would be a good tp for shorts

a break below 143.20 would be even better for shorts, maybe targeting 140.50 / 139.

a close above 146 will put 148 and 150 on the table, i'll be WAYY more comfortable shorting from there.

made lots of pips on scalps today, both directions. but i close the most recent short at 145.80 cuz i wasn't really comfortable with it.
  • #137,593
  • Nov 17, 2008 4:26pm Nov 17, 2008 4:26pm
Quoting lilmoe
well, i've been in for 2 years now. 3-4 more years won't be a bad idea.

i want enough for a house, 3 cars, a farm, and the restaurant of my dreams (selling recipes from ingredients raised from my farm).
I'm with you in that part.
Discipline + Patience - Fear - Greed = Success
  • #137,594
  • Nov 17, 2008 4:27pm Nov 17, 2008 4:27pm
Quoting libb
yikes, not to be nosey...but how many lots do you guys usually trade with?
u can make that much from minilots over a 5-10 year period. trust me.

my account has grown well since we fell from 215.80 (thank god), now i don't trade minilots at all
  • #137,595
  • Nov 17, 2008 4:27pm Nov 17, 2008 4:27pm
Quoting Dr.Geppynius
bail as long as you can
Sorry but what is the english version of that - and I am not trying to be rude or disrespectful - just trying hard to learn from everyone here. Thanks
  • #137,596
  • Nov 17, 2008 4:28pm Nov 17, 2008 4:28pm
Quoting Dr.Geppynius
bail as long as you can
hey there. me wants a chart from ya
  • #137,597
  • Nov 17, 2008 4:29pm Nov 17, 2008 4:29pm
Quoting mktjong
How could you people go long atm? Pls give me your reason .. it hasn't retraced to 50% yet which is her favorite ..
Hourly trendline is broken, the chart still looks over-bought ..on and on ..

It doesn't look long to me either but we are in the twilight zone now. Market doesn't tend to wake up until Wellington. Go and have a break guys!

Until next time (proabaly page 10,000).
  • #137,598
  • Nov 17, 2008 4:31pm Nov 17, 2008 4:31pm
Quoting arezab
I'm with you in that part.


yep, my wife and kids are going to be really busy running a nice and neat family business

i will FORCE my kids to learn trading YOUNG. it will be their permanent second income
  • #137,599
  • Nov 17, 2008 4:31pm Nov 17, 2008 4:31pm
Quoting lilmoe
hey there. me wants a chart from ya
what kind bro? again the hand-drawn
  • #137,600
  • Nov 17, 2008 4:32pm Nov 17, 2008 4:32pm
Quoting Zoran
It doesn't look long to me either but we are in the twilight zone now. Market doesn't tend to wake up until Wellington. Go and have a break guys!

Until next time (proabaly page 10,000).
take care big guy, hope we get to see more posts before page 10k
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