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

  • #157,721
  • Feb 3, 2009 11:46am Feb 3, 2009 11:46am
Hi guys, for you who are in search of good MT4 platforms why don't you look at Windsor Brokers, the only problem with them is they make it complicated for you to join them,very stringent process,but when all is done they are very reliable people,stable platform,good customer care,they offer very many things to trade and withdrawing is faster than u would expect,no monkey business, other guys you could try are Alpari UK
  • #157,722
  • Feb 3, 2009 11:48am Feb 3, 2009 11:48am


Thumbs up to Forexlion! I love the Rooster indicator!

  • #157,723
  • Feb 3, 2009 11:50am Feb 3, 2009 11:50am
alright bigcoupe - on one of your last posts you mentioned you

are going to buy the dips as its broken out i'd just like to show

where my simple lines were drawn and if its kinda what you meant

regards
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  • #157,724
  • Feb 3, 2009 11:51am Feb 3, 2009 11:51am
Quoting Monk
will be fun to watch this 2900 area break through.
targeting 3030 area if and when it does push through

could BUT we are coming into the Asian session and most of the time this will reverse US session.

maybe not today with strength of GBPUSD . but we will see .
Blogging daily now at www.volume.zone
  • #157,725
  • Feb 3, 2009 11:55am Feb 3, 2009 11:55am
im a noob!! so what i say may not count..

i run ibfx and fxcm side by side watching the charts pip by pip..
both live micro accounts and up to now give me fxcm anyday. i have read quite alot about fxcm not playing ball but for me they have been good.

ibfx you have to pay them money to pay money into your account.. whats that all about, and the slippage is unreal. also it took them 3 days to credit my account after i payed them the money. i have only been with them for a few weeks so i will keep at it but up to now fxcm for me.

just my pennies worth
  • #157,726
  • Feb 3, 2009 11:55am Feb 3, 2009 11:55am
Quoting cohiba pips
alright bigcoupe - on one of your last posts you mentioned you

are going to buy the dips as its broken out i'd just like to show

where my simple lines were drawn and if its kinda what you meant

regards
In a nutshell...Yep!

It could be a false breakout so I am keeping a close eye on it. However, since Gann (and a few other indicators) are on my side, I feel good.

I did notice that Karmo is on the sidelines unless we break 129.

B
  • #157,727
  • Feb 3, 2009 11:57am Feb 3, 2009 11:57am
hello all,
pls am new in forex and requires assistance urgently to mentor me. i have done some training and listened to tapes yet i often make loss in trade than i do profit.
pls anyone. cheers.
  • #157,728
  • Feb 3, 2009 11:59am Feb 3, 2009 11:59am
Quoting bigcoupe
In a nutshell...Yep!

It could be a false breakout so I am keeping a close eye on it. However, since Gann (and a few other indicators) are on my side, I feel good.

I did notice that Karmo is on the sidelines unless we break 129.

B

129 ???? that is to late for long trade IMHO ...that is issue with gann .. very lagging on 4 hour.

looking at 4 hour and PA around this area she is going to touch 130 maybe one more time ... then down to test 120 . This smells of distribution at the tops here ( pros selling into the buying ) and once the buyers dry up .. 1000 pip down we go
Blogging daily now at www.volume.zone
  • #157,729
  • Feb 3, 2009 12:01pm Feb 3, 2009 12:01pm
Quoting enecy
hello all,
pls am new in forex and requires assistance urgently to mentor me. i have done some training and listened to tapes yet i often make loss in trade than i do profit.
pls anyone. cheers.

send cheque in mail to .......lol

follow along on this forum there are some aweomse trades

Karmo and others .. good for those swing trades...

I am day trader ... and do anything upwards of 10 - 20 trades a day.

i would suggest following some of the swing traders in here and their posting .
Blogging daily now at www.volume.zone
  • #157,730
  • Feb 3, 2009 12:04pm Feb 3, 2009 12:04pm
Quoting malcolmb14
129 ???? that is to late for long trade IMHO ...that is issue with gann .. very lagging on 4 hour.

looking at 4 hour and PA around this area she is going to touch 130 maybe one more time ... then down to test 120 . This smells of distribution at the tops here ( pros selling into the buying ) and once the buyers dry up .. 1000 pip down we go
The daily 50ema is at 133.50. So far for the last 6 months, GJ has not broken this resistance. I think if GJ touched the daily 50ema again, it will bounce really hard down again. I think we may consolidate for the rest of the week until Friday after MPC and NFP, then we'll have another strong breakout upward towards 130s area.
  • #157,731
  • Feb 3, 2009 12:05pm Feb 3, 2009 12:05pm
Quoting malcolmb14
129 ???? that is to late for long trade IMHO ...that is issue with gann .. very lagging on 4 hour.

looking at 4 hour and PA around this area she is going to touch 130 maybe one more time ... then down to test 120 . This smells of distribution at the tops here ( pros selling into the buying ) and once the buyers dry up .. 1000 pip down we go
I can't say. All I know is his system works for him and I keep an ear open for what he's doing as he's been right more often than I can count. I can't even say he's buying at 129. I just know he mentioned sitting on his hands for now in his thread
  • #157,732
  • Feb 3, 2009 12:08pm Feb 3, 2009 12:08pm
Quoting bigcoupe
I can't say. All I know is his system works for him and I keep an ear open for what he's doing as he's been right more often than I can count. I can't even say he's buying at 129. I just know he mentioned sitting on his hands for now in his thread

best thing .... in this choppy old market
Blogging daily now at www.volume.zone
  • #157,733
  • Feb 3, 2009 12:10pm Feb 3, 2009 12:10pm
Quoting bigcoupe
In a nutshell...Yep!

It could be a false breakout so I am keeping a close eye on it. However, since Gann (and a few other indicators) are on my side, I feel good.

I did notice that Karmo is on the sidelines unless we break 129.

B
ta - im sitting out as well ( i did catch karmos post though ) even if i miss the next move at least i can see

the general direction or trend then play the retrace etc i do enjoy taking the odd

scalp but its not really my '' bag baby '' so i'll be more than happy to watch

it move up as much as these boys want to push her but i'll make sure im here for the fall lol only a matter of time

see you boys at asia
  • #157,734
  • Feb 3, 2009 12:11pm Feb 3, 2009 12:11pm
Quoting enecy
hello all,
pls am new in forex and requires assistance urgently to mentor me. i have done some training and listened to tapes yet i often make loss in trade than i do profit.
pls anyone. cheers.

IMHO, open up a micro account somewhere with $500 and trade with no more than 2% risk. Hands on is the best way to learn IMHO. Think of it as $500 in education. With 2% risk, you should not blow your wad. I also recommend G/U, E/U, etc. I would stay away from the Yen crosses until you get good.

By trading in real time and using the forums, MT4, etc you will learn. Keep in mind that it takes a long time to learn. At least a year to get good.

Also, don't follow every post and trade what people say. They are working with a different set of goals, indicators, etc. Also, people always mention the money they have made...but never fess up to lost money

B
  • #157,735
  • Feb 3, 2009 12:15pm Feb 3, 2009 12:15pm
Quoting malcolmb14
could BUT we are coming into the Asian session and most of the time this will reverse US session.

maybe not today with strength of GBPUSD . but we will see .
i've always wondered why this is the case.
And why the asia session always seems "slow" and the US session is usually a mover.

thoughts?
--post hoc ergo propter hoc--
  • #157,736
  • Feb 3, 2009 12:17pm Feb 3, 2009 12:17pm
draw trendlines on inides ... for newbies

once this tl on 5 min breaks in Asia or end of US session i am short for 50 - 100 pip

this is rapid rsi ..it is in the forum somewhere .. Godfrey was good enough to post it

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Blogging daily now at www.volume.zone
  • #157,737
  • Feb 3, 2009 12:18pm Feb 3, 2009 12:18pm
Quoting Monk
i've always wondered why this is the case.
And why the asia session always seems "slow" and the US session is usually a mover.

thoughts?
Volume!

Look at the difference in Volume when Asia, London, and the US are open. The volume isnt there during Asia's open and that's why I stay away.

IMHO, the worst time to trade is with low volume. However, some are good at it. It's just a persons preference.

B
  • #157,738
  • Feb 3, 2009 12:18pm Feb 3, 2009 12:18pm
Quoting Monk
i've always wondered why this is the case.
And why the asia session always seems "slow" and the US session is usually a mover.

thoughts?

volume is less in Asia .... andi n low volume times GJ will take path of lest resistance = down

some of my best trades in last 2 weeks have come form Asia when GJ is not jumping around all over the place.
Blogging daily now at www.volume.zone
  • #157,739
  • Feb 3, 2009 12:20pm Feb 3, 2009 12:20pm
Quoting malcolmb14
volume is less in Asia .... andi n low volume times GJ will take path of lest resistance = down

some of my best trades in last 2 weeks have come form Asia when GJ is not jumping around all over the place.
This is truth.
Probability Professor
  • #157,740
  • Feb 3, 2009 12:20pm Feb 3, 2009 12:20pm
Quoting malcolmb14
best thing .... in this choppy old market
i just used my new indi my lucky penny heads it said asia will tank tails said steady upside - it landed on heads and yes this is a swing trader talking s***
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