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

  • #155,581
  • Jan 25, 2009 7:29pm Jan 25, 2009 7:29pm
i've made it to my daily target, later folks...
I recommend you read something else as this sentence is now concluded.
  • #155,582
  • Jan 25, 2009 7:32pm Jan 25, 2009 7:32pm
Hey guys,


quick one for those of you trading off the 4h charts: what are the limit and stop levels for a good setup these days? (i.e 400 pip target, 200 pip stop etc.)


Thinking of biting, but looks like the stops might be bigger than im comfortable with... Thanks!
  • #155,583
  • Jan 25, 2009 7:41pm Jan 25, 2009 7:41pm
Quoting kasprouch
Hey guys,


quick one for those of you trading off the 4h charts: what are the limit and stop levels for a good setup these days? (i.e 400 pip target, 200 pip stop etc.)


Thinking of biting, but looks like the stops might be bigger than im comfortable with... Thanks!
Been trying to do more 4 hr tf trades, but not this early in the trading week. I'd say use supp/resist, fib, gann to determine a good enrty and risk/reward...or just ask karmo, lol.
  • #155,584
  • Jan 25, 2009 7:51pm Jan 25, 2009 7:51pm
Quoting Petefaders
Been trying to do more 4 hr tf trades, but not this early in the trading week. I'd say use supp/resist, fib, gann to determine a good enrty and risk/reward...or just ask karmo, lol.


Cheers bro

Those huge bars do look tasty, dont they? hmmmm
  • #155,585
  • Jan 25, 2009 7:55pm Jan 25, 2009 7:55pm
Quoting Petefaders
Been trying to do more 4 hr tf trades, but not this early in the trading week. I'd say use supp/resist, fib, gann to determine a good enrty and risk/reward...or just ask karmo, lol.
karmo's hiding i think, havent seen him for past few days?? tell him to stop hiding and make a call! lol
  • #155,586
  • Jan 25, 2009 8:32pm Jan 25, 2009 8:32pm
Quoting mirex
karmo's hiding i think, havent seen him for past few days?? tell him to stop hiding and make a call! lol
I'm guessing he'd say wait for at least 1hr to close above gann to think of buying. His system isn't hard. Better to learn it then wait for him.
  • #155,587
  • Jan 25, 2009 8:34pm Jan 25, 2009 8:34pm
UJ price now above EMA 50 at TF H1. It goes smoothly without any question from imgression department and Interpol. Look like UJ H4 also now will test EMA 50. Any movement from UJ will influent GJ movement at the moment.

Good Luck
  • #155,588
  • Jan 25, 2009 8:36pm Jan 25, 2009 8:36pm
Quoting Petefaders
I'm guessing he'd say wait for at least 1hr to close above gann to think of buying. His system isn't hard. Better to learn it then wait for him.
hehe i'm already in at the bottom, i added but the 2nd add was at BE and price went just enough to hit it and kick it out at 120.22...lol, this was when it was at 120.80, i put the BE and it aimed right at it..still a little bit tick off about it..lol if it went passt like 5-10p, no problem, but man it's like the market was out to get me!!! HELP! lol
  • #155,589
  • Jan 25, 2009 8:40pm Jan 25, 2009 8:40pm
Quoting mirex
hehe i'm already in at the bottom, i added but the 2nd add was at BE and price went just enough to hit it and kick it out at 120.22...lol, this was when it was at 120.80, i put the BE and it aimed right at it..still a little bit tick off about it..lol if it went passt like 5-10p, no problem, but man it's like the market was out to get me!!! HELP! lol
where can i learn about his system?
  • #155,590
  • Jan 25, 2009 8:44pm Jan 25, 2009 8:44pm
Quoting fxnoob08
where can i learn about his system?
http://www.forexfactory.com/showthread.php?t=43255
  • #155,591
  • Jan 25, 2009 8:44pm Jan 25, 2009 8:44pm
Quoting PandoraBox
UJ price now above EMA 50 at TF H1. It goes smoothly without any question from imgression department and Interpol. Look like UJ H4 also now will test EMA 50. Any movement from UJ will influent GJ movement at the moment.

Good Luck

Yes, mate

I'll consider LONG on UY after breaking this rectangle.. The safest one is close above 90.21 (sound optimistic HUH ?? )

I am already in EY longs from closing above the DPP @ 114.62 (my target 115.40) psstt..
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  • #155,592
  • Jan 25, 2009 8:45pm Jan 25, 2009 8:45pm
Quoting mirex
http://www.forexfactory.com/showthread.php?t=43255
thank you. i went short on the gbp/jpy at 120.83 when the market opened and im now -70 pips (1$ per pip) at 121.51 - im thinking of getting out of the trade but im sure it has to come down again.. and im sure as soon as i get out will come plunging down lol. it always does

help!!!
  • #155,593
  • Jan 25, 2009 8:48pm Jan 25, 2009 8:48pm
Quoting Piters
Yes, mate

I'll consider LONG on UY after breaking this rectangle.. The safest one is close above 90.21 (sound optimistic HUH ?? )

I am already in EY longs from closing above the DPP @ 114.62 (my target 115.40) psstt..
that's very optimistic, you are normally not that optimistic, what happen over the weekend?
  • #155,594
  • Jan 25, 2009 8:50pm Jan 25, 2009 8:50pm
Quoting fxnoob08
thank you. i went short on the gbp/jpy at 120.83 when the market opened and im now -70 pips (1$ per pip) at 121.51 - im thinking of getting out of the trade but im sure it has to come down again.. and im sure as soon as i get out will come plunging down lol. it always does

help!!!
don't mean to scare you, but i have a feeling we'll see 123-124 before it goes back to 120....but then i'm usually wrong..

Piters, analyze it for him will you? lol
  • #155,595
  • Jan 25, 2009 8:51pm Jan 25, 2009 8:51pm
Quoting mirex
that's very optimistic, you are normally not that optimistic, what happen over the weekend?
Group Optimistic Session.. and Monday with a new magic..

BTW, my glass is always FULL...
  • #155,596
  • Jan 25, 2009 8:56pm Jan 25, 2009 8:56pm
Quoting Piters
Yes, mate

I'll consider LONG on UY after breaking this rectangle.. The safest one is close above 90.21 (sound optimistic HUH ?? )

I am already in EY longs from closing above the DPP @ 114.62 (my target 115.40) psstt..
Pit, I was seeing the same thing but from a diff angle. There is a strong descending trend that that exact point along with the horizontal resistance. What would be the confirmation needed for one way or the other. IE: time candle closes?

Thank you
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Dr. C
  • #155,597
  • Jan 25, 2009 9:03pm Jan 25, 2009 9:03pm
Quoting cvcamper
Pit, I was seeing the same thing but from a diff angle. There is a strong descending trend that that exact point along with the horizontal resistance. What would be the confirmation needed for one way or the other. IE: time candle closes?

Thank you
that excelent post. Your point is from 4H perspective, mine is from 5/15 min. however, the both are correct..closing the candle above that aria usually indicates breakout. In some books/seminars/trader exper. the right breakout is that one with the restest. Mean, after the breakout, the PA comes back to retest the Break point.. But becouse of our market conditions lately, I have seen a lot of breaks without the retest..
The best way is to play the breakout but with tight SL..

I n your case, I'll play on long breakoout with a SL somewhere below 89.00
  • #155,598
  • Jan 25, 2009 9:11pm Jan 25, 2009 9:11pm
Quoting Piters
that excelent post. Your point is from 4H perspective, mine is from 5/15 min. how evere, the boths are correct..closing the candle above that aria usually indicates breakout. In some books/seminars/trader exper. the right breakout is that one with the restest. Mean, after the breakout, the PA comes back to retest the Break point.. But becouse of our market conditions lately, I have seen a lot of breaks without the retest..
The best way is to play the breakout but with tight SL..

I n your case, I'll play on long breakoout with a SL somewhere below...
Piters, can you analuze g/j for fxnoobs? i have a feeling we'll see 123-124+ befor we see 120 again and he's right there with short..but i dont trust my judgement yet.. so
  • #155,599
  • Jan 25, 2009 9:14pm Jan 25, 2009 9:14pm
Quoting mirex
Piters, can you analuze g/j for fxnoobs? i have a feeling we'll see 123-124+ befor we see 120 again and he's right there with short..but i dont trust my judgement yet.. so
OK bro, I am not in GY.. Asia I like some light lunch.. (small spread pairs)

I'll do my best..
  • #155,600
  • Jan 25, 2009 9:14pm Jan 25, 2009 9:14pm
i got out at .90 now its at .57 sighs
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