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

  • #143,221
  • Nov 26, 2008 7:14am Nov 26, 2008 7:14am
Quoting Dr.Geppynius
you sold support

HOLLY GRAILLLLLLLL, HOLLY GRAILLLLLLLLLLLLL!!!!!
  • #143,222
  • Nov 26, 2008 7:14am Nov 26, 2008 7:14am
Quoting Dr.Geppynius
you sold support
He also took a position right before a bunch of US news coming out. Yesterday, GJ shot up about 400 pips around this time right before news. Taking a position now is very much like gambling. He may get lucky and the news cause GJ to go his way. If not...
  • #143,223
  • Nov 26, 2008 7:14am Nov 26, 2008 7:14am
Quoting lilmoe
went long at the very same spot, took 1/2 for 50, rest at b/e...

i'll consider shorting only when 4h closes below 50ema and gann.
Very interesting post lilmoe, that's the difference between experimented trader and newbie trader, no offense Bro! is just a very good example.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #143,224
  • Nov 26, 2008 7:15am Nov 26, 2008 7:15am
GBP/JPY has a lot of shorts waiting below 145

2 cents
  • #143,225
  • Nov 26, 2008 7:17am Nov 26, 2008 7:17am
Quoting Dr.Geppynius
you sold support
lol support or resistance what's the different ? When we place a sell order just below some support level, if it broke then it becomes resistant...otherwise it's still a support level.
Trading is the game of fear and greed.
  • #143,226
  • Nov 26, 2008 7:18am Nov 26, 2008 7:18am
Quoting arezab
Karmo I've heard that UAE is facing real estate crisis since the global financial recession. I've heard property value has already plunged to %50 it's previous value. Is that right?
not true, but they facing problems, the prices are stalled for several months now but are expected to reduce.

They're building a lot of residents/villas/apartments and so on, but the question is.. who is going to stay in all of these? IMO it's stupid spending on building so many projects n whatnot.
Trade what you see, not what you think.
  • #143,227
  • Nov 26, 2008 7:18am Nov 26, 2008 7:18am
Quoting Fx chartist
Roger that.

I'm selling @ 145.20, let's ride it down to 142.50

do not let them give you the gears

lilmoe scalping against 15 min trend right now = down

you did enter late and may get some draw down .. but if you have patience i think it pays off
Blogging daily now at www.volume.zone
  • #143,228
  • Nov 26, 2008 7:18am Nov 26, 2008 7:18am
Quoting preneur
GBP/JPY has a lot of shorts waiting below 145

2 cents
Mine too. Knowing GJ it might just dip below 145 to trigger all those sell limits and then reverse.
  • #143,229
  • Nov 26, 2008 7:19am Nov 26, 2008 7:19am
Quoting cullian
1H, 4H and Daily above Gann, 4H and Daily QQE long, QQE doesn't lie, Right Karmo???
QQE alone is not enough, look at QQE n Gann together.
Trade what you see, not what you think.
  • #143,230
  • Nov 26, 2008 7:21am Nov 26, 2008 7:21am
Quoting JhonMonsalve
Very interesting post lilmoe, that's the difference between experimented trader and newbie trader, no offense Bro! is just a very good example.
it's not about that bro, even if this starts diving down, selling support is a big NO NO....
  • #143,231
  • Nov 26, 2008 7:23am Nov 26, 2008 7:23am
Quoting lilmoe
HOLLY GRAILLLLLLLL, HOLLY GRAILLLLLLLLLLLLL!!!!!

lool, good morning mr. 4H Gann and mrs. 4H 50ema
  • #143,232
  • Nov 26, 2008 7:24am Nov 26, 2008 7:24am
Quoting lilmoe
it's not about that bro, even if this starts diving down, selling support is a big NO NO....

I sold 145.50

closed 50 pips ...

that was selling on support

you have to be able to read overall market conditions if you do this and have faith in the trade.

selling tops is better , but coming late to the party is better than not coming at all
Blogging daily now at www.volume.zone
  • #143,233
  • Nov 26, 2008 7:25am Nov 26, 2008 7:25am
Quoting malcolmb14
do not let them give you the gears

lilmoe scalping against 15 min trend right now = down

you did enter late and may get some draw down .. but if you have patience i think it pays off
lol, still selling support is a bad idea....no matter how sure someone is about the trend.

how much can u guarantee that this will go down lower and lower??? i'm not sure anyone can, although myself i think it will.

after the break of that TL, price DID bounce up a bit, he should've shorted that small rally, NOT that support....

just trying to make a point here.
  • #143,234
  • Nov 26, 2008 7:26am Nov 26, 2008 7:26am
GM all, glad were laughing and not arguing today (yet). I'll risk my whole account today. I'll either be rich or give up trading lol.
  • #143,235
  • Nov 26, 2008 7:26am Nov 26, 2008 7:26am
Quoting karmostaji
QQE alone is not enough, look at QQE n Gann together.
ok price is blowe gan H4 righ now for confirmation do we wait for 1--2 hours for closing the candel below gan h4?
  • #143,236
  • Nov 26, 2008 7:27am Nov 26, 2008 7:27am
Hope all those 6 news together will bring gj to the top now it failed continuously to reach. may be typical if bad news mostly initial down & then only up .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #143,237
  • Nov 26, 2008 7:28am Nov 26, 2008 7:28am
Quoting $teve
He also took a position right before a bunch of US news coming out. Yesterday, GJ shot up about 400 pips around this time right before news. Taking a position now is very much like gambling. He may get lucky and the news cause GJ to go his way. If not...
Yeah, good point. How do you make your trading decision, by technical or fundamental analysis? I'm solely trading based on price-action, if I get a signal to sell then why I should bother about some incoming news event that I have no idea what it's about?
Trading is the game of fear and greed.
  • #143,238
  • Nov 26, 2008 7:29am Nov 26, 2008 7:29am
Quoting lilmoe
it's not about that bro, even if this starts diving down, selling support is a big NO NO....
Ok Capito Sir! I'm just saying that the impatience is the worst allied, is better wait for the right moment to enter a trade, the relationship between newbie and impatience is directly proportional, just my 2 pesos.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #143,239
  • Nov 26, 2008 7:29am Nov 26, 2008 7:29am
Quoting Petefaders
GM all, glad were laughing and not arguing today (yet). I'll risk my whole account today. I'll either be rich or give up trading lol.
I did it once, but even I'v blown all my account I contineaued to trade.... believe me, you can't give up
  • #143,240
  • Nov 26, 2008 7:29am Nov 26, 2008 7:29am
Quoting peyman
ok price is blowe gan H4 righ now for confirmation do we wait for 1--2 hours for closing the candel below gan h4?
yes but im already short from 146.50
Trade what you see, not what you think.
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