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

  • #140,661
  • Nov 21, 2008 7:57am Nov 21, 2008 7:57am
A classic 50% retracement of yesterday's move..
  • #140,662
  • Nov 21, 2008 7:57am Nov 21, 2008 7:57am
Quoting capetown
I close as well my trade, I fee to just watch. My good friend told me that trading on Fridays is like trading with Dracula. You can get " sucked " with Your money, so I listen. Close.
Have a nice weekend all of great people here on this thread.
I use a 15 or 20 pips trailing stop to quickly lock positions in days like this. I've got stopped 5 times today only for +1 and three times +30 two times +50 pips closed manually.

Not bad but this is just a quick scalping. I don't trade always like this.
Discipline + Patience - Fear - Greed = Success
  • #140,663
  • Nov 21, 2008 7:58am Nov 21, 2008 7:58am
Quoting Scrat

but hey... keep going long and advise people to do this. it's good for my shorts.
posts are full of advises to go long, respect mate

just posting what i think and possible see happening, no advice.
  • #140,664
  • Nov 21, 2008 7:58am Nov 21, 2008 7:58am
Oh yah, green pips piling up now...

Karmo's patience pills not only tasty .. but effective.
  • #140,665
  • Nov 21, 2008 8:00am Nov 21, 2008 8:00am
Quoting Piters
1. Short on Breakout
2. Exit on FE100 (62pips)
3. Wait on next Resistance level
4. Re-enter on next red VOL[Bearish bar]
5. Exit on next green [Bulish Bar]

exited on DPP for another 110pips

waiting for re-entry
  • #140,666
  • Nov 21, 2008 8:01am Nov 21, 2008 8:01am
IMHO YM can end up at 7200 today. This slide is very similar to the one which led to 8000 for the first time.
  • #140,667
  • Nov 21, 2008 8:01am Nov 21, 2008 8:01am
bail out and citibank could have been some type of rally. one thing about the data is it's all past tense and not reliable figures. so if your playing the fundies it's not a good gauge of the market. with that said it will take some type of good figures to drive the market. nobody want to see a bad recession. even if your a shorter you want to see the market survive. not everyone is broke just the average joe.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,668
  • Nov 21, 2008 8:02am Nov 21, 2008 8:02am
Quote
Originally Posted by Piters http://www.forexfactory.com/images/buttons/viewpost.gif
1. Short on Breakout
2. Exit on FE100 (62pips)
3. Wait on next Resistance level
4. Re-enter on next red VOL[Bearish bar]
5. Exit on next green [Bulish Bar]


exited on DPP for another 110pips

waiting for re-entry

nice n' simple .. which tf?
  • #140,669
  • Nov 21, 2008 8:03am Nov 21, 2008 8:03am
i NEVER meant to offend you, i do apologize if this is what you think. and yes, you are right, everyone with its own trading style.

Quoting Dr.Geppynius
posts are full of advises to go long, respect mate
just posting what i think.
Nihil Sine Deo.
  • #140,670
  • Nov 21, 2008 8:03am Nov 21, 2008 8:03am
Quoting Dr.Geppynius
yet still bearish..but i would really wonder if there is no game played until close...
i have another count that suggest guppy to be short term bullishness.
but, all the count i come up with so far leads me to believe that the pattern should be completed before a largesh reversal (retrace?), which isn't too far from here.

the largesh reversal or retrace, we should have soon, to be sold off at higher price again is yet unknown.
  • #140,671
  • Nov 21, 2008 8:03am Nov 21, 2008 8:03am
Thanks for advice.
Quoting arezab
I use a 15 or 20 pips trailing stop to quickly lock positions in days like this. I've got stopped 5 times today only for +1 and three times +30 two times +50 pips closed manually.

Not bad but this is just a quick scalping. I don't trade always like this.
  • #140,672
  • Nov 21, 2008 8:05am Nov 21, 2008 8:05am
Quoting TraderStar
nice n' simple .. which tf?
1080T (very simillar to 5min chart)
  • #140,673
  • Nov 21, 2008 8:06am Nov 21, 2008 8:06am
Quoting Scrat
i NEVER meant to offend you, i do apologize if this is what you think. and yes, you are right, everyone with its own trading style.
right

if we see 138.50 i hand over a present to the guy making the call.

the point is, this all would just be too obvious and if this happens in the pre lunch session, i also smell something strange.

let's see and keep on shorting

ym tackled yesterdays low.
  • #140,674
  • Nov 21, 2008 8:08am Nov 21, 2008 8:08am
Piters what is that indicator with volume??
Interesting?? hmmmmmm
Quoting Piters
1. Short on Breakout
2. Exit on FE100 (62pips)
3. Wait on next Resistance level
4. Re-enter on next red VOL[Bearish bar]
5. Exit on next green [Bulish Bar]

http://www.doske.com/fx/snapshot-222.png
  • #140,675
  • Nov 21, 2008 8:08am Nov 21, 2008 8:08am
Quoting Dr.Geppynius
posts are full of advises to go long, respect mate

just posting what i think and possible see happening, no advice.
however, it is a strange selloff move on GY (no stops on DPP.... hmmm fishy). UY is static, and also there is a Divergance on 5min, mean only 1 thing, we migh see another bulish Run..

exited with 170pips, -> sideline for now!!
  • #140,676
  • Nov 21, 2008 8:08am Nov 21, 2008 8:08am
even 134 possible today
  • #140,677
  • Nov 21, 2008 8:09am Nov 21, 2008 8:09am
Titanic Sinking..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,678
  • Nov 21, 2008 8:10am Nov 21, 2008 8:10am
Quoting england33
it's getting dam right chilly. we need a rally or the uptrend is off.
looks like a duck taking profits thanks guys its been fun
Timing is everything
  • #140,679
  • Nov 21, 2008 8:11am Nov 21, 2008 8:11am
Quoting capetown
Piters what is that indicator with volume??
Interesting?? hmmmmmm
Hawkeye Volume INd. I dont know is it available for other platform, but is available for eSignal (wow, looks like we are promoting eSignal here... have to ask for 1Y free subscription from them )
  • #140,680
  • Nov 21, 2008 8:13am Nov 21, 2008 8:13am
Quoting Gull
looks like a duck taking profits thanks guys its been fun
enjoy the brew.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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