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

  • #152,561
  • Jan 13, 2009 5:47am Jan 13, 2009 5:47am
Quoting Flem26
woops. wrong pair. gotta get the lingo right.
GO HERE
Discipline + Patience - Fear - Greed = Success
  • #152,562
  • Jan 13, 2009 5:48am Jan 13, 2009 5:48am
Quoting ukdaytrader
Some demand at the 130.00 area, but still, If you're buying this now, you have balls of steel.
X2
  • #152,563
  • Jan 13, 2009 5:51am Jan 13, 2009 5:51am
Took over 100pips on short tonight, now watching 130.00 being stubborn.
Could this be a double bottom on the 15min for a retrace to the 132 level?
  • #152,564
  • Jan 13, 2009 5:55am Jan 13, 2009 5:55am
Quoting yentastic
I think we will not see the lows of before meaning higher low so i hope that this move up can go to 143 maybe, i will set tight TS on my longs from 130 when we hit the DP.

It is all about MM as long as you use the correct MM mine is 1% of the balance per trade no more than 3 trades open you should be safe to trade this pair.

Right now GJ is giving us all free money i have been doing the same trades now for weeks long 130 ish and collecting so many pips.

This time i think we should see copy of last long trend as i said and in this time GBP...
is this speculation?
  • #152,565
  • Jan 13, 2009 5:56am Jan 13, 2009 5:56am
Another Pin bar...

I have my order still in place for a long until my SL is taken out below the Dec.'08 low..

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  • #152,566
  • Jan 13, 2009 5:56am Jan 13, 2009 5:56am
Quoting ukdaytrader
Some demand at the 130.00 area, but still, If you're buying this now, you have balls of steel.
depends on your style of trading and your risk tolerance. . .
  • #152,567
  • Jan 13, 2009 6:03am Jan 13, 2009 6:03am
Quoting quecee5
depends on your style of trading and your risk tolerance. . .
Risk tolerance of someone who has balls of steel is definitely high
Discipline + Patience - Fear - Greed = Success
  • #152,568
  • Jan 13, 2009 6:04am Jan 13, 2009 6:04am


Quoting arezab
Risk tolerance of someone who has balls of steel is definitely high
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  • #152,569
  • Jan 13, 2009 6:23am Jan 13, 2009 6:23am
i think its a good idea to put sell order before 5 mins from the USD news @ 129.70 or 129.80 because once it break it it will really fall quickly

what u think guys ?
  • #152,570
  • Jan 13, 2009 6:35am Jan 13, 2009 6:35am
Quoting msniper
i think its a good idea to put sell order before 5 mins from the USD news @ 129.70 or 129.80 because once it break it it will really fall quickly

what u think guys ?
good call dude!
more pips? ...g/J is so generous today.
  • #152,571
  • Jan 13, 2009 6:39am Jan 13, 2009 6:39am
Close my trade BE...
I will wait for the 8:30am news...

The PA on the GU looks real bearish...I will buy on the PB for a better short position..







Quoting rgitt05
Another Pin bar...

I have my order still in place for a long until my SL is taken out below the Dec.'08 low..

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  • #152,572
  • Jan 13, 2009 6:40am Jan 13, 2009 6:40am
Quoting shawneo
Horrible! I've lost about $300 bucks 3 long positions(i trade mini's) i took around 132 because I was looking for the retracement. It didnt happen so I had to take the lose. Since then up about 60 pips on the short side of things holding on to my short to see if we continue downward and hopefully I will make up all my lose and some!

I'm not so sure anyone has a good take on when a retracement could be...this thing is a beast and runs for 1,000's of pips at a time...the only rule i've found is that you should follow the higher Time Frame trends...
hey sorry,rushed out, sorry bout ur trades....seems the beast is not yet willing to retrace, be careful....wldnt advice any long till one is sure....
Simplicity is the key to success
  • #152,573
  • Jan 13, 2009 6:46am Jan 13, 2009 6:46am
according to FXCM chart lowest for GJ in 1995 is 127.04 but in my MT4 it says lowest is 129.32 in 1994 hummmmmm
  • #152,574
  • Jan 13, 2009 6:54am Jan 13, 2009 6:54am
Quoting msniper
according to FXCM chart lowest for GJ in 1995 is 127.04 but in my MT4 it says lowest is 129.32 in 1994 hummmmmm

I agree with your MT4 readings 100%
  • #152,575
  • Jan 13, 2009 7:00am Jan 13, 2009 7:00am
Quoting musicman007
I agree with your MT4 readings 100%
me three, april 1995 to be precise
Simplicity is the key to success
  • #152,576
  • Jan 13, 2009 7:00am Jan 13, 2009 7:00am
Those rapidly appearing pin bars with higher vol on 15M chart tempt me to open small long but H4 and daily are still very bearish
Discipline + Patience - Fear - Greed = Success
  • #152,577
  • Jan 13, 2009 7:08am Jan 13, 2009 7:08am
Here I go again for another long with SL below the low...

Three pin bars 15min GJ
DJ is recoverying

oil dropping..

Come on GJ go up first...




Quoting arezab
Those rapidly appearing pin bars with higher vol on 15M chart tempt me to open small long but H4 and daily are still very bearish
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  • #152,578
  • Jan 13, 2009 7:09am Jan 13, 2009 7:09am
sorry for the many ?s ,i feel the only way to learn is to ask ?s....one would understand better.....hope u pros cld shed some light here...is dis a classic bullish building?
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Simplicity is the key to success
  • #152,579
  • Jan 13, 2009 7:09am Jan 13, 2009 7:09am
it's berspanke! what say ye bennie boy?
"Don't trade to trade . . . trade to win." - James16
  • #152,580
  • Jan 13, 2009 7:10am Jan 13, 2009 7:10am
come on choose your way ! lol
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