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

  • #153,781
  • Jan 19, 2009 2:42am Jan 19, 2009 2:42am
following the daily char there must be downtrend till 128.50 but in next few days, today i wont trade as i missed the good entry point at 135 , i won't sleep anymore
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CrizZzZzZzZz
  • #153,782
  • Jan 19, 2009 2:43am Jan 19, 2009 2:43am
Quoting ultimate
Karmo comes across as having a huge ego many times in this forum and should keep it in check.
Not sure other platform lol...
  • #153,783
  • Jan 19, 2009 2:45am Jan 19, 2009 2:45am
Quoting FxChi
Please see chart below. Was that just a high volume test of lows on cable?

yes there has been high vol , but yet to see reaction .. there has been a lot of selling in GU tonight

I have 14 wma on 5 min charts , waiting for a 5 min close above that ... right now it is forming strong resistance
Blogging daily now at www.volume.zone
  • #153,784
  • Jan 19, 2009 2:48am Jan 19, 2009 2:48am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting malcolmb14
yes there has been high vol , but yet to see reaction .. there has been a lot of selling in GU tonight

I have 14 wma on 5 min charts , waiting for a 5 min close above that ... right now it is forming strong resistance
Thanks. Been trying to study up on it more. Not trading it yet until I know the concepts well. I have this as a potential demand zone. I seem to figure out where to get into the trades, but it's the exit that I haven't figured out just yet. LOL
"Wishful thinking dies hard." Igor T.
  • #153,785
  • Jan 19, 2009 2:54am Jan 19, 2009 2:54am
Quoting FxChi
Thanks. Been trying to study up on it more. Not trading it yet until I know the concepts well. I have this as a potential demand zone. I seem to figure out where to get into the trades, but it's the exit that I haven't figured out just yet. LOL

the exit is one of the hardest things in trading ....

entries are easy .... but where to put stops and where to get out are harder

try using fib levels as targets for exits

here is 15 min chart with 1-2-3 sell formation and fib expansion .. we are at 61.8 , which also happens to be whole number also

once you get used to plotting these you will see the fib levels often tiesi n with areas of support or resistance.

If we break 1.4700 we go to 1.4653 then 1,46000


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Blogging daily now at www.volume.zone
  • #153,786
  • Jan 19, 2009 2:56am Jan 19, 2009 2:56am
You have PM Malcolm
  • #153,787
  • Jan 19, 2009 3:00am Jan 19, 2009 3:00am
My first Target is S1=132.14 then if below 131.48 going to S2=131.21

But I strongly believe it will hit S3=129.69 by this week and already make some pending order lot for next move...

Malcomb/Karmo...Pls advice..Thanks
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  • #153,788
  • Jan 19, 2009 3:04am Jan 19, 2009 3:04am
I use IG Markets to trade with but can't see how to include volumes in the charts of currencies. Is this something all charting should be able to do? Does anyone know if IG markets can do it? Other wise I will ring them and ask them tomorrow.
Making Pips is easy, loosing them is even easier!
  • #153,789
  • Jan 19, 2009 3:07am Jan 19, 2009 3:07am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting malcolmb14
the exit is one of the hardest things in trading ....

entries are easy .... but where to put stops and where to get out are harder

try using fib levels as targets for exits

here is 15 min chart with 1-2-3 sell formation and fib expansion .. we are at 61.8 , which also happens to be whole number also

once you get used to plotting these you will see the fib levels often tiesi n with areas of support or resistance.

If we break 1.4700 we go to 1.4653 then 1,46000


Attachment
Nice I just plotted them on my chart. Looking good. I see that the 1.382 brings us to a nice support level so good place to get long. I'll play around with these extensions a bit more. I've mainly just been focusing on supply/demand stuff (S&R), which is very useful, but knowing the optimal time to get out is a booger.
"Wishful thinking dies hard." Igor T.
  • #153,790
  • Jan 19, 2009 3:14am Jan 19, 2009 3:14am
i see it as bullish ABC triangle correction
SL below 132

audjpy looks much better
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  • #153,791
  • Jan 19, 2009 3:20am Jan 19, 2009 3:20am
Quoting FastLife
I use IG Markets to trade with but can't see how to include volumes in the charts of currencies. Is this something all charting should be able to do? Does anyone know if IG markets can do it? Other wise I will ring them and ask them tomorrow.
IG are great to trade with, but download VT or MT for your charts - then use a Tear Off ticket from IG, which you can place on top of your chart, ready to go.
I've got my pips - go get yours!
  • #153,792
  • Jan 19, 2009 3:24am Jan 19, 2009 3:24am
I am long now from 132.25 to 134.15 good luck
  • #153,793
  • Jan 19, 2009 3:25am Jan 19, 2009 3:25am
So IG Markets don't do volumes you reckon. They are great to trade with. Good spread, very fast execution, good up-time.
Making Pips is easy, loosing them is even easier!
  • #153,794
  • Jan 19, 2009 3:30am Jan 19, 2009 3:30am
Quoting Dr.Geppynius
i opened 20 positions now across different pairs and wait for decent exits popping up

stp 1000 pips
Hi Dr.,
what's your take on GY, EURGBP, USDCHF?
Thanks!
  • #153,795
  • Jan 19, 2009 3:30am Jan 19, 2009 3:30am
Quoting malcolmb14
have you ever read a book on trading ? It is very common knowledge a high percentage .... 95 - 99 % of those that try trading fail .

enough said ... according to you you never lose .....I guess those 800 pip stops are working for you.....
I'm immune from losing, didn't you know?
Trade what you see, not what you think.
  • #153,796
  • Jan 19, 2009 3:32am Jan 19, 2009 3:32am
Quoting kujo17
I agree.
I don't cruise the forums much anymore, as I just trade my plan and don't worry about what others are doing but Karmo and alot of others in this thread/FF taught me alot....

Not sure what all the hub bub is all about, but Karmo's good in my book.

back to putting a hurtin on the EU,GU and GJ !!!

cheers.
Hey bro,

It's great to see you, how have you been doing? How's your family?

There's nothing really, I'm just playing with malcolm mind LOL
Trade what you see, not what you think.
  • #153,797
  • Jan 19, 2009 3:45am Jan 19, 2009 3:45am
Quoting FastLife
So IG Markets don't do volumes you reckon. They are great to trade with. Good spread, very fast execution, good up-time.
It seems like Volume is offered in the settings menu but I couldn't get it to load - MetaTrader charts are far superior and a lot better to trade off.
I've got my pips - go get yours!
  • #153,798
  • Jan 19, 2009 3:59am Jan 19, 2009 3:59am
Quoting sofia101
I am long now from 132.25 to 134.15 good luck
132.25??? i show a low 132.45, hmmmmmm
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #153,799
  • Jan 19, 2009 4:02am Jan 19, 2009 4:02am
Quoting moneymagnet
132.25??? i show a low 132.45, hmmmmmm
Trade what you see, not what you think.
  • #153,800
  • Jan 19, 2009 4:04am Jan 19, 2009 4:04am
Quoting IcoHristovBG
following the daily char there must be downtrend till 128.50 but in next few days, today i wont trade as i missed the good entry point at 135 , i won't sleep anymore
Oh can you do that? I once tried it for two weeks and I popped up from hospital. Then I couldn't trade for another 2 weeks.
Discipline + Patience - Fear - Greed = Success
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