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

  • #150,241
  • Dec 18, 2008 5:08am Dec 18, 2008 5:08am
Quoting spathi
agreed. i got massacred by eu.

now have to carry -200 pips on gj.
Only my view:

I trade 4Y+, and 90% GY, and UY... whenever I tried EU or other.. I loose money.. so.. I learned my lesson:

pick one or two pairs, and live a lfe with them.. learn as much as you can.. all retracements, When they eat, having a SEX, sleep.. everything...

sorry bro.. this NEWS was a BS, I agree... and my post is only from my point of view!!
  • #150,242
  • Dec 18, 2008 5:12am Dec 18, 2008 5:12am
Hey there gang, I've been reading here for years and this is my first post. I'd like to start posting and sharing from time to time. I've been trading for a couple years and have had great successes and failures. The failures were always due to poor mm, and not TA. I've got a 80-90% win rate, I just let those losers run with too much leverage. I think I've broken myself of this habit and I'm taking the next several months to work on permanently weeding them out of my trading.

Anyway, I'm sure a lot of newbies (& perhaps some pros) are sweating it out in long positions (probably bought near the top) or perhaps have close out for a loss because they are confounded by the "unusual" PA tonight. It's ALWAYS unusual! Expect the unexpected, especially with this beast.

I just thought I'd mention for those that might be interested that the thing that helped me really understand PA is ForexTester. Just an awesome way to get a feel for how markets move. Disclaimer:not a salesman or employee, just an ecstatic user.

If you use this tool and use it diligently over a significant period of time on multiple pairs, you will get a feel for PA that would take years to accomplish realtime. The only caveat for me was that when I went live, I had to learn that waiting in realtime for patterns to play out was much more difficult when you just can't press the shift key to advance to the next bar! I saw setups and took the trade, just to get out at the exact wrong time because I got impatient.

Just like tonight, I saw the spike and 3 falling levels after that and I knew we were headed down. It was real hard waiting for 3 hours for it to play out, but it did come...

The patience pills are king! Can sometimes be a double edged sword as well though if you are too patient and let a winner turn to a loser or be too "patient" with a position that should be cut.

Anyway, thought I'd say hi and share a little.

One thing I don't think I've seen anybody mention is that 135.44 is Monthly S1 and we haven't had a daily close below yet. Seems to be pretty strong support. Will we close below today? As I write this we have just bounced twice off of it to the pip on M1.
  • #150,243
  • Dec 18, 2008 5:12am Dec 18, 2008 5:12am
Quoting karmostaji
They have a lot of money, I'm the poor one

Yea they do, and gonna mkae a bunch more as they are adding to their USD fund on this decline
"Millionaires don't use astrology, billionaires do"
  • #150,244
  • Dec 18, 2008 5:18am Dec 18, 2008 5:18am
Quoting belekas
GM - havent seen you around my place fellow line trader? Whats happening?
Hi dude good to see you. thanks

I've been losing some pips trying to pick the top with EU ... now I'm fine trying to cover those red points back through scalping this new beast.
Discipline + Patience - Fear - Greed = Success
  • #150,245
  • Dec 18, 2008 5:20am Dec 18, 2008 5:20am
Quoting Piters
EXIT 135.40 .......122 pips (will reenter)

NY session approaching
Thanks friend. Made 350 pips with ur chart
  • #150,246
  • Dec 18, 2008 5:21am Dec 18, 2008 5:21am
Quoting arezab
Hi dude good to see you. thanks

I've been losing some pips trying to pick the top with EU ... now I'm fine trying to cover those red points back through scalping this new beast.
Well losses are the part of the game and you know that. We learn from our mistakes and try to never ever make them again. Glad that your making it back. I posted some interesting views on my thread if your interested. Check it out buddy
  • #150,247
  • Dec 18, 2008 5:22am Dec 18, 2008 5:22am
Quoting karmostaji
It makes me angry, the fking BS rally/spike we had earlier.

Stops me out to the pip and then falls 250 pips and soon more..

I don't like losing lol
You should have entered again at better price. ..
Discipline + Patience - Fear - Greed = Success
  • #150,248
  • Dec 18, 2008 5:25am Dec 18, 2008 5:25am
Quoting geppypips
Thanks friend. Made 350 pips with ur chart
great.. Nice one..

I collect another 30+ of that UP move, and exited.

but.. anyway, as a reminder:
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  • #150,249
  • Dec 18, 2008 5:32am Dec 18, 2008 5:32am
Quoting Piters
great.. Nice one..

I collect another 30+ of that UP move, and exited.

but.. anyway, as a reminder:
Looks like daily pivot under test
  • #150,250
  • Dec 18, 2008 5:41am Dec 18, 2008 5:41am
breaking that Upper line, and we are LONG. Be carefull with
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  • #150,251
  • Dec 18, 2008 5:45am Dec 18, 2008 5:45am
Quoting belekas
Well losses are the part of the game and you know that. We learn from our mistakes and try to never ever make them again. Glad that your making it back. I posted some interesting views on my thread if your interested. Check it out buddy
... part of the game ... Yes sure ...

I've been burned many times trying to do this I don't know why I don't give up ... old habits .. you know

Your analysis is simple and potent.I'm gonna take a look for sure.

BTW what is you outlook with EU? I think if we look at that daily TL which broke at 1.3420 price should normally return back down and sit on it before rising again. That will be 1.2900 area. I don't see any significant TL midway which could hold it underway. Only 1.3800 - 1.3900 area should act as support ... may be.

This is what I see on chart.

BTW with this surprising rally I've seen it's not impossible to see a new low with this pair and get surprised again.

What do you think?
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Discipline + Patience - Fear - Greed = Success
  • #150,252
  • Dec 18, 2008 5:46am Dec 18, 2008 5:46am
Quoting Piters
great.. Nice one..

I collect another 30+ of that UP move, and exited.

but.. anyway, as a reminder:
wot TF is that?..baby
  • #150,253
  • Dec 18, 2008 5:51am Dec 18, 2008 5:51am
Quoting Big Bruv
wot TF is that?..baby
Quoting Piters
Only my view:

I trade 4Y+, and 90% GY, and UY... whenever I tried EU or other.. I loose money.. so.. I learned my lesson:

pick one or two pairs, and live a lfe with them.. learn as much as you can.. all retracements, When they eat, having a SEX, sleep.. everything...

sorry bro.. this NEWS was a BS, I agree... and my post is only from my point of view!!
5min baby,

As I meantioned earlier, WE NEED a patience, trade GY, let her CALM, and she is going to show you the way..

This is classic EW 5 waves PAttern.. Just waited.. and PLAY>>.
  • #150,254
  • Dec 18, 2008 5:52am Dec 18, 2008 5:52am
Quoting salihin
thanks bro.. i got the indicators..
sorry again bro.. i got 28 insignificant result and discarded.. what is your best setting for this ea..

thanks again..
  • #150,255
  • Dec 18, 2008 5:58am Dec 18, 2008 5:58am
I will post my EU outlook a little later. Your analysis are simple and potent as well buddy. I like it Right now im in relax mode and watching a movie

Quoting arezab
... part of the game ... Yes sure ...

I've been burned many times trying to do this I don't know why I don't give up ... old habits .. you know

Your analysis is simple and potent.I'm gonna take a look for sure.

BTW what is you outlook with EU? I think if we look at that daily TL which broke at 1.3420 price should normally return back down and sit on it before rising again. That will be 1.2900 area. I don't see any significant TL midway which could hold it underway. Only 1.3800 - 1.3900 area should act as support ... may be.

This is what I...
  • #150,256
  • Dec 18, 2008 6:00am Dec 18, 2008 6:00am
Quoting Piters
Here, What I am seeing.. a PLAY..

****************************************************
Hi Piters,

how did you figure such a PLAY?

thanks
  • #150,257
  • Dec 18, 2008 6:03am Dec 18, 2008 6:03am
Quoting pepsi
Hi Piters,

how did you figure such a PLAY?

thanks
counting waves... and after every run, there is a retrace, on a smaller TF, they came in EW formation 5+3. I took few Patience Pills, and waited for GY to UNFOLD the GAME..

this is ONLY what we have to PLAY.. even I am on a market all the time, but the best part is IF YOU CAN, just relax, and SHE is going to TELL you...

BTW.. retesting the LOW... in few min
  • #150,258
  • Dec 18, 2008 6:04am Dec 18, 2008 6:04am
And here comes the liquidation of the dung pile

looking for 3750 at least

shorts sl set 4592

a 14 cent move this week alone, i would think they maybe taking profits all the way up while leaving the spec longs holding the bag
"Millionaires don't use astrology, billionaires do"
  • #150,259
  • Dec 18, 2008 6:05am Dec 18, 2008 6:05am
And EXIT .. another 95pips.. will Reenter again
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  • #150,260
  • Dec 18, 2008 6:09am Dec 18, 2008 6:09am
I got 242 pips from this PACKAGE.. guys... it is a coffee time for me
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