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

  • #165,261
  • Mar 11, 2009 3:25pm Mar 11, 2009 3:25pm
Quoting hwsv07
omg. this beast is churning again. boring.

just suckin in late shorts before it opens a can of whooop ass on them LOL

unless those who stepped in on those 2 declining hour bars let go we are going up
"Millionaires don't use astrology, billionaires do"
  • #165,262
  • Mar 11, 2009 3:27pm Mar 11, 2009 3:27pm
Quoting OrionsWay
just suckin in late shorts before it opens a can of whooop ass on them LOL
lol. that's the spice I mean spirit!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #165,263
  • Mar 11, 2009 3:56pm Mar 11, 2009 3:56pm
Quoting OrionsWay
just suckin in late shorts before it opens a can of whooop ass on them LOL

unless those who stepped in on those 2 declining hour bars let go we are going up

Orion this channel we have been in 134 to 135 today does this look like accumulation before moving higheri nto 138 zone ?

it sure does to me and my 4 hour chart has RSX curling up suggested we may well head back up
Blogging daily now at www.volume.zone
  • #165,264
  • Mar 11, 2009 4:06pm Mar 11, 2009 4:06pm
Hi Malcom,

The double top on the Dly chart looks like it will close below the center part of the DT. Wouldn't this indicate that PA will fall? Looking forward to hearing your view point on this.

Brendan.
  • #165,265
  • Mar 11, 2009 4:14pm Mar 11, 2009 4:14pm
Quoting OrionsWay
yes have noticed already lol

scalpin need not apply for this swingers only
see that is what i meant, but overall you re doing a good job.

444 pip drawdown in 21 trades is a good start

one more thing, every red trade will add double drawdown of that red trade

so if a red trade had -80 it adds -160 to the total
Attached Image
  • #165,266
  • Mar 11, 2009 4:15pm Mar 11, 2009 4:15pm
Quoting malcolmb14
Orion this channel we have been in 134 to 135 today does this look like accumulation before moving higheri nto 138 zone ?

it sure does to me and my 4 hour chart has RSX curling up suggested we may well head back up

certainly does seem well bid doesnt it
"Millionaires don't use astrology, billionaires do"
  • #165,267
  • Mar 11, 2009 4:20pm Mar 11, 2009 4:20pm
Quoting forexlion
see that is what i meant, but overall you re doing a good job.

444 pip drawdown in 21 trades is a good start

one more thing, every red trade will add double drawdown of that red trade
thats a lil queer, guess i better close this account and open a new one since i was ignorant to their ignorant system LOL
scaling a position seems retarded with this sytem, who the hell trades like this system suggests
"Millionaires don't use astrology, billionaires do"
  • #165,268
  • Mar 11, 2009 4:24pm Mar 11, 2009 4:24pm
maybe YES, but first we go to visit 132.80/133.00 area, After that.. Maybe.. just maybe..
  • #165,269
  • Mar 11, 2009 4:24pm Mar 11, 2009 4:24pm
Quoting forexlion
see that is what i meant, but overall you re doing a good job.

444 pip drawdown in 21 trades is a good start

one more thing, every red trade will add double drawdown of that red trade

so if a red trade had -80 it adds -160 to the total

cuz i think max was -60 a trade i suppose on 1 trade thats acceptable but when u stack several on the way things add up, they expect ppl to pinpoint a trade i suppose to only inflict the spread against u LOL good luck with that anyone


i will be sure to only play the swing now knowing that where +pips outnumbe -pips 5:1
"Millionaires don't use astrology, billionaires do"
  • #165,270
  • Mar 11, 2009 4:28pm Mar 11, 2009 4:28pm
Quoting Piters
maybe YES, but first we go to visit 132.80/133.00 area, After that.. Maybe.. just maybe..

Is your rationale because we have broken the LTL on your chart posted earlier?
  • #165,271
  • Mar 11, 2009 4:30pm Mar 11, 2009 4:30pm
Quoting OrionsWay
cuz i think max was -60 a trade i suppose on 1 trade thats acceptable but when u stack several on the way things add up, they expect ppl to pinpoint a trade i suppose to only inflict the spread against u LOL good luck with that anyone


welcome to the club

zulu is very very harsh on performance standards, you have to be a real expert, if you wish to survive there.
  • #165,272
  • Mar 11, 2009 4:32pm Mar 11, 2009 4:32pm
Quoting forexlion


welcome to the club

zulu is very very harsh on performance standards, you have to be a real expert, if you wish to survive there.
just hanve to hold the trade is all in and out or scaling a position is a no no unless you are going for 2k pips i suppose
"Millionaires don't use astrology, billionaires do"
  • #165,273
  • Mar 11, 2009 4:35pm Mar 11, 2009 4:35pm
Quoting Piters
maybe YES, but first we go to visit 132.80/133.00 area, After that.. Maybe.. just maybe..
133.20 area is the 50% fib retracement of the move from the lows to the most recent highs (looking on 4 hour or daily here). My bias has also been short this week and I've made some pips, but PA does seem to really be laboring to make new lows each time and they aren't really substantially lower. I'll definitely be exiting at 133.20 and watching closely to see what happens.

Technically, GBP/USD seems ready to drop a bit, but only to retrace its gains a bit today (this could help drag GBP/JPY to 133.20 area). Overall though, I think GBP/USD is ready for a healthy retracement of it's more prevalent down move. We could easily see a retest of the 1.4000 zone and a break puts us higher to maybe even the 1.42s or 43s.

USD/JPY is in an overall uptrend and could be only time (and a decent retracement on the daily) before it resumes up. But again, it looks primed for a drop which would drag GPB/JPY down.

GBP/JPY hasn't tested the 4 hour trend line that it broke to the downside. A drop to 133.20 and a retracement into the 138s or even 139s would not be surprising. I'll be ready
  • #165,274
  • Mar 11, 2009 5:08pm Mar 11, 2009 5:08pm
Which is the best smartphone or PDA to run MT4?
  • #165,275
  • Mar 11, 2009 5:26pm Mar 11, 2009 5:26pm
Quoting forexlion


welcome to the club

zulu is very very harsh on performance standards, you have to be a real expert, if you wish to survive there.
Should be Total DD not maximum....
  • #165,276
  • Mar 11, 2009 5:34pm Mar 11, 2009 5:34pm
geppy longs should beome fruitful
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"Millionaires don't use astrology, billionaires do"
  • #165,277
  • Mar 11, 2009 5:40pm Mar 11, 2009 5:40pm
Quoting MykeFX
Should be Total DD not maximum....
its a friendly concept really for position traders, not so much for in and out quick scalps, psotioning may have some drawdown but the overall ration prolly 5-15:1 so well worth whatever they want to calculate a dd against u
"Millionaires don't use astrology, billionaires do"
  • #165,278
  • Mar 11, 2009 5:43pm Mar 11, 2009 5:43pm
Quoting amed12
Which is the best smartphone or PDA to run MT4?
HTC phones are the best I am currently using TYTN II and I do not have a single complaint
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #165,279
  • Mar 11, 2009 5:45pm Mar 11, 2009 5:45pm
better price action today in my opinion.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #165,280
  • Mar 11, 2009 5:45pm Mar 11, 2009 5:45pm
Hi Piters. Do you still think we will see 133 tonight (Asia)?
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