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

  • #146,201
  • Dec 4, 2008 11:40am Dec 4, 2008 11:40am
It was a very good trading today ,lots of green pips and thought stop trading today but like most of the times , I opened few shorts at the base of this current movement & go outside with the EA on to close them with minimum pips . But unfortunately it goes much up when I back & not interested to take the loss.so start counter trades to open long & took profit whenever with them & open any lows . I knew they are not the solution ,better was just close those trades & go with trend . Fortunately, I reach to the top now without much loss & closed all long & waiting to the break.
Hope it will be conformed by experienced traders like Karmo any time & even if I to loss those 5k still I am on profit side today .let it happen whatever.

I am learning a lot from this forum now & very happy here .

Hope others will not try this way , I lost many accounts before doing such trading .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #146,202
  • Dec 4, 2008 11:41am Dec 4, 2008 11:41am
- broken trendline on the 1 h, and maybe re-test of the trendline ?
- next resistance for today
- rising volume in the last hours, buyers are interested to push price higher
- daily hammer ?
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  • #146,203
  • Dec 4, 2008 11:45am Dec 4, 2008 11:45am
Quoting $teve
I'm looking to reload long at 15M 50ema.
  • #146,204
  • Dec 4, 2008 11:49am Dec 4, 2008 11:49am
Quoting quecee5
I notice good things happen when we agree. Let's hope the trend continues.
  • #146,205
  • Edited 1:17pm Dec 4, 2008 11:53am | Edited 1:17pm
Quoting 4xcentric
Hi Q, I like your price targets, if price hits 141.75 (61.8% of this week) and fails to break above.

Do you expect 130.86 to be the next target based on Nov(low-high) 137.65 - 148.58
Actually if price closes above DP I think we will see it extend to as high as 143 area if not higher before new lows. . . Otherwise I think we will range between the low 134 and 138/139 area until it breaks either way. . .

My bias is toward the upside for a XMAS rally in the coming weeks with some ranging since the market has now abosrbed the rate announcement.
  • #146,206
  • Dec 4, 2008 11:55am Dec 4, 2008 11:55am
Quoting $teve
I notice good things happen when we agree. Let's hope the trend continues.

Agreed!
  • #146,207
  • Dec 4, 2008 11:55am Dec 4, 2008 11:55am
Quoting $teve
False.
If it is really a system it will work. I've a notebook full of self made systems using of combination and hundreds of indicators. All of them worked (some more and some less).

The point is you should find (select) a system which fits you and you feel comfortable trading with it.

JMHO
Discipline + Patience - Fear - Greed = Success
  • #146,208
  • Dec 4, 2008 12:07pm Dec 4, 2008 12:07pm
i think fun is over for today, guys.
Nihil Sine Deo.
  • #146,209
  • Dec 4, 2008 12:15pm Dec 4, 2008 12:15pm
Quoting Scrat
i think fun is over for today, guys.
  • #146,210
  • Dec 4, 2008 12:24pm Dec 4, 2008 12:24pm
Quoting vinesh2
I cant go Long Karmo. Fundementals are in favor of a sell off but the technicals on some timeframes are bearish. Just frustrating that these big players are scamming out so many traders but doing these artificial spikes. If you heard the ECB press conf they said they are expecting -1 to 0% growth next year I mean if that not bearish I dont know what is.
But the whole world is going through the same so therefore all currencies are in limbo ......
  • #146,211
  • Dec 4, 2008 1:49pm Dec 4, 2008 1:49pm
First round met today more tocome i think
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"Millionaires don't use astrology, billionaires do"
  • #146,212
  • Dec 4, 2008 1:53pm Dec 4, 2008 1:53pm
Quoting quecee5
If price breaks DP @ 137.96 next target is 139.65 which daily R1. . .141.45 will be the next hurdle if it manages to gain momentum. . .

Right now 1hr chart is showing a pull back to 5SMA located at 136.05/30 area )which was yesterday support) if this holds then the DP will more than likely be challenged. . .
Looks like GJ is testing support. . .

If it holds, I think we'll see it end the day above the DP. . . If it breaks I see 135 as 1st target. . .
  • #146,213
  • Dec 4, 2008 2:03pm Dec 4, 2008 2:03pm
Quoting quecee5
Looks like GJ is testing support. . .

If it holds, I think we'll see it end the day above the DP. . . If it breaks I see 135 as 1st target. . .
It is a good try to break waiting for long time , hope it success .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #146,214
  • Dec 4, 2008 2:10pm Dec 4, 2008 2:10pm
Quoting quecee5
Looks like GJ is testing support. . .

If it holds, I think we'll see it end the day above the DP. . . If it breaks I see 135 as 1st target. . .
Thanks Quecee5,
I short it just before it dropped.
  • #146,215
  • Dec 4, 2008 2:12pm Dec 4, 2008 2:12pm
Quoting fontu
It is a good try to break waiting for long time , hope it success .
fontu
Well you got your wish. . . 135.22 should be tested next, 136 should now be support turned resistance - Let's see how this plays out. . .
  • #146,216
  • Dec 4, 2008 2:12pm Dec 4, 2008 2:12pm
Quoting sohail212
Thanks Quecee5,
I short it just before it dropped.
  • #146,217
  • Dec 4, 2008 2:16pm Dec 4, 2008 2:16pm
Quoting quecee5
Well you got you wish. . . 135.22 should be tested next, 135 should now be support turned resistance - Let's see how this play out. . .
Thanks , waiting to break at hat level , me too sleep seeing after it able to break & close all trades .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #146,218
  • Dec 4, 2008 2:18pm Dec 4, 2008 2:18pm
so far so gooood.

First Post, so Hi to everybody.
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  • #146,219
  • Dec 4, 2008 2:22pm Dec 4, 2008 2:22pm
Quoting quecee5
Looks like GJ is testing support. . .

If it holds, I think we'll see it end the day above the DP. . . If it breaks I see 135 as 1st target. . .
hi big Q, channel and thread lines have been broken gownward, what do think is the next direction and tp. thanks.
  • #146,220
  • Dec 4, 2008 2:26pm Dec 4, 2008 2:26pm
Quoting dialpips
hi big Q, channel and thread lines have been broken gownward, what do think is the next direction and tp. thanks.
What are threadlines?
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