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

  • #154,961
  • Jan 22, 2009 9:54am Jan 22, 2009 9:54am
Quoting Piters
55, now -25
i would rather see it go to 1hr 50ema, thats where i want to get in. i chased this morning as well, it happens, lost -80 pips. very frustrating til i realized i was still up $3k for the week. now i am waiting for MY set up. you are one of the few that post loses. much respect bro!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #154,962
  • Jan 22, 2009 9:54am Jan 22, 2009 9:54am
Quoting Anir
I'm a noob, but have one question.

DOW is going up, GJ break chanel, this is right place and time for short?
NOP, it is not safe.
it is a risky trade based on continuation pattern.. on 1H chart...

I posted before, the safe move is short from the lower TL breakout...

The pattern is not the RULE, but most common trade setup, mean I 've seen a lot of failed...as well ..

  • #154,963
  • Jan 22, 2009 9:57am Jan 22, 2009 9:57am
Quoting Anir
I'm a noob, but have one question.

DOW is going up, GJ break chanel, this is right place and time for short?
your right, i think so too - its tomorrow time t go up! bu a little retrace down is possible!
  • #154,964
  • Jan 22, 2009 10:02am Jan 22, 2009 10:02am
Quoting moneymagnet
i would rather see it go to 1hr 50ema, thats where i want to get in. i chased this morning as well, it happens, lost -80 pips. very frustrating til i realized i was still up $3k for the week. now i am waiting for MY set up. you are one of the few that post loses. much respect bro!
Bro, with my respect to all fellow traders.. But When I make a CALL, I post a chart, and post a setup.. I am not like someone here (no names ..plz) they come here after few hours to tell us that they have 800pips on ES, or 400 on YM, or shorted niselly on GBP/... whatever pairs.. or made 200pips..

please, open a journal, and post your charts, and waste the time with posting and trading together....


Yesterday, YES, I had a nice long, on that channel up before the drop, and the drop supprises me, bro..

what can I say... 500pips in 1H, you are not seeing every day.. But.. I cut the crap. and standed...

this morning, I started, I saw the setups for long, but the PA went terrible: have a look this PA on GU [5 min today] with 50 ema... terible...(choppy) and I stopped,.

Then all is the rest... take a break.. and wait on your 5min..
  • #154,965
  • Jan 22, 2009 10:03am Jan 22, 2009 10:03am
Quoting orbito
your right, i think so too - its tomorrow time t go up! bu a little retrace down is possible!
No, no.. You didn't understand me well. I only questioned Piters short entry point. He has right (in my opinion) in that GJ will fall to retest low's. But I'm wainting for better entry point, safer setup.

http://priv.ckp.pl/palladyn/gbp.jpy-h1%285%29.gif

This is what I see. Nooby chart, don't laugh from me
  • #154,966
  • Jan 22, 2009 10:10am Jan 22, 2009 10:10am
Quoting Piters
Yeah, as I said I am a Humman..
so we are all having "Our Dark Side of the Moon"

I learned as well, but the emotions ??

he, it is all good when you get back quickly, and know where you are standing

Cheers.. BTW, my short is 21 .. good !
yep short with u at 123.70 with tight tight SL - regards bro and keep up the excellent work!
  • #154,967
  • Jan 22, 2009 10:15am Jan 22, 2009 10:15am
Quoting quecee5
yep short with u at 123.70 with tight tight SL - regards bro and keep up the excellent work!
good job bro, better price, you are 50+ already...
Thanks for your kind words..
  • #154,968
  • Jan 22, 2009 10:18am Jan 22, 2009 10:18am
closed for 30 pips
  • #154,969
  • Jan 22, 2009 10:20am Jan 22, 2009 10:20am
DJIA tanking close to 200pts down
Patience + Humility + Study = Success
  • #154,970
  • Jan 22, 2009 10:21am Jan 22, 2009 10:21am
Trail?
To early for close.

Short @ 123.21 SL+1 Trail +35p.
  • #154,971
  • Jan 22, 2009 10:23am Jan 22, 2009 10:23am
Quoting Anir
Trail?
To early for close.
it is a shower time for me.. 5:20 am.. lol got my 30pips,
but I will reenter...

she (GY) is my friend
  • #154,972
  • Jan 22, 2009 10:24am Jan 22, 2009 10:24am
Quoting Piters
Bro, with my respect to all fellow traders.. But When I make a CALL, I post a chart, and post a setup.. I am not like someone here (no names ..plz) they come here after few hours to tell us that they have 800pips on ES, or 400 on YM, or shorted niselly on GBP/... whatever pairs.. or made 200pips..

please, open a journal, and post your charts, and waste the time with posting and trading together....


Yesterday, YES, I had a nice long, on that channel up before the drop, and the drop supprises me, bro..

what can I say... 500pips in 1H, you...
I know u were posting to MM but I agree with this statement and find it to be so true. . . When I start making stupid mistakes or get taken off guard I shut the c'puter off and wait for a good set-up or just analyze where I went wrong and re-analyze my chart before I take another trade. . .

I use to post charts until and shre my trades until I got blasted on this thread so I said the HELL with it - most traders who have charts will understand what I'm saying just by looking at thier charts. . .

anyway, glad to see some honest people here who share real life trading. . .
  • #154,973
  • Jan 22, 2009 10:24am Jan 22, 2009 10:24am
Great job Piter. And great teaching you done for me, with your charts and explanations. I want to feedback you with this regards words. Tks.
  • #154,974
  • Jan 22, 2009 10:29am Jan 22, 2009 10:29am
Quoting Piters
good job bro, better price, you are 50+ already...
Thanks for your kind words..
well I starting shorting at 123.40, 123.54, 123.67, 123.70. . .
Closed the earlier trades at 123.00 riding the later one out to the end wherever that is. . . 15min chart suggest a drop to at least 122.20 area or to the LTL @ 121. . .

regards
  • #154,975
  • Jan 22, 2009 10:32am Jan 22, 2009 10:32am
btw,

whatz gd PipChick???? How have u been????
good to see some of the old heads coming back ar'd. . .
  • #154,976
  • Jan 22, 2009 10:32am Jan 22, 2009 10:32am
Quoting quecee5
well I starting shorting at 123.40, 123.54, 123.67, 123.70. . .
Closed the earlier trades at 123.00 riding the later one out to the end wherever that is. . . 15min chart suggest a drop to at least 122.20 area or to the LTL @ 121. . .

regards
Yes, actualy, I am waiting on bounce from 50 ema[15min] and retest the UTL before the drop.. Took my profit, and will reentry.. or...

if we close below the 15min, I will reconsider the short again
  • #154,977
  • Jan 22, 2009 10:35am Jan 22, 2009 10:35am
Quoting Piters
Yes, actualy, I am waiting on bounce from 50 ema[15min] and retest the UTL before the drop.. Took my profit, and will reentry.. or...

if we close below the 15min, I will reconsider the short again
piter what tf are u trading on - i bounce back and forth but find good entry with the 15min chart what are your thoughts?

btw the way 123.75 wast the top of the channel on 15min - stoch is pointing straight dwom from a OB status. It will be choppy but it will play out soon. 122.30 1st target. . . also looks like the test of the daily pivot failed as long as price is below 123.45 - may revisit it again if stocks turn positive.
  • #154,978
  • Jan 22, 2009 10:49am Jan 22, 2009 10:49am
Quoting quecee5
piter what tf are u trading on - i bounce back and forth but find good entry with the 15min chart what are your thoughts?

btw the way 123.75 wast the top of the channel on 15min - stoch is pointing straight dwom from a OB status. It will be choppy but it will play out soon. 122.30 1st target. . .
trading in 5min,

but always with my 15min and 1h chart, next to me..
I am also watching PA on GU, GBP/Cad, EUR/GBP.. [5min]

Lately started to use a Tokyo range (tokyo open - London open) and playing with PA around that range [still in experim. fase]

my entries are simple, 13 and 50 ema, and volume bars..

I am using FE, for my targets. and FIBO for reatracement and meassurement of potential trend..

ALSO: one TOOLBOX with few indicators, but I am using them only when I need them: EW, CCI 30, MACD.
EW for a direction, trend, and wave count...
CCI 30 (thanks to Pipchick and Lilmoe) for breakouts, when we are heading to the S/R level.
MACD (thanks to Scrat) for divergances..
VOLUME (thanks to Dr. Guppy) for a strength of the bars, and potential reversal bars,

ect. ect..

It is not OSCAR time but still:

maybe I worgot someone, I love you all... ect..ect..
  • #154,979
  • Jan 22, 2009 10:56am Jan 22, 2009 10:56am
timing also.. 2pm.. everyone are back from the lunch break, ROUND 2.. we may see the stocks goes UP.. YES..

lets wait and see.. I am still waiting on that bounce from the UTL..
5min ema was a tough, but 15min I was expecting to hold, as we approached to the lunch break timing
  • #154,980
  • Jan 22, 2009 11:00am Jan 22, 2009 11:00am
Quoting Piters
trading in 5min,

but always with my 15min and 1h chart, next to me..
I am also watching PA on GU, GBP/Cad, EUR/GBP.. [5min]

Lately started to use a Tokyo range (tokyo open - London open) and playing with PA around that range [still in experim. fase]

my entries are simple, 13 and 50 ema, and volume bars..

I am using FE, for my targets. and FIBO for reatracement and meassurement of potential trend..

ALSO: one TOOLBOX with few indicators, but I am using them only when I need them: EW, CCI 30, MACD.
EW for a direction, trend,...
damn I leave for lunch and my almost 90 pip gain turns into half that wtf GJ on steriods today but thats okay must be london covering before packing it in - GJ Giveth and GJ Taketh

anyway, thank for the info bro u are always a big help. . .
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