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

  • #172,241
  • Apr 21, 2009 10:46am Apr 21, 2009 10:46am
Geitner on again yet?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #172,242
  • Apr 21, 2009 10:47am Apr 21, 2009 10:47am
Quoting plan-b
I have opened a gu short at 1.4700 and another pending order at 1.4770(just in case)
I hope i wont have to close this trade until we see much lower levels

I won't be trying to seduce gy anymore..i suspect sooner or later she takes back every gift she ever gave you or eats you after she has had her way
tough call i'm going to wait for more info and possible not trade this session.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #172,243
  • Apr 21, 2009 10:52am Apr 21, 2009 10:52am
Quoting england33
tough call i'm going to wait for more info and possible not trade this session.
This is an excellent idea. Don't make any trade if there is no good set up, be patience and u will be greatly rewarded. I have learned this lesson harshly before. Now, I don't want to chase any trade but just wait till it comes to me
  • #172,244
  • Apr 21, 2009 10:55am Apr 21, 2009 10:55am
Quoting lionforex
I put a long at 142.20. stop loss at 141.00 targeting 152
Locked 250 pip profit. Not bad i think
  • #172,245
  • Apr 21, 2009 11:01am Apr 21, 2009 11:01am
Quoting mktjong
This is an excellent idea. Don't make any trade if there is no good set up, be patience and u will be greatly rewarded. I have learned this lesson harshly before. Now, I don't want to chase any trade but just wait till it comes to me
i took long earlier but was have asleep and it looked questionable altough 141.50 looked like a certain bottom the upward strength looked suspect. so i chose to close my trade which would have made good pips but oh well i hadn't done my homework. i would rather wait for the Asian session at this point. i actually have better luck in asia than the us lol. if i only traded one trade today and it wasn't a loss i consider it a victory because i had an opportunity and i didn't loose. if it were a stronger trend i would have been deep in green. *edit* almost forgot what i was going to say orginally. if i were to have entered that long i would still be in a better position but i consider this a take profit point although if one were to believe the trend to be strong would still hold. i personally don't see it so i'm sitting out. gl
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #172,246
  • Apr 21, 2009 11:02am Apr 21, 2009 11:02am
Quoting lionforex
Locked 250 pip profit. Not bad i think

who cares .... ?

postings like this is why I post in other rooms now
Blogging daily now at www.volume.zone
  • #172,247
  • Apr 21, 2009 11:03am Apr 21, 2009 11:03am
Quoting mktjong
This is an excellent idea. Don't make any trade if there is no good set up, be patience and u will be greatly rewarded. I have learned this lesson harshly before. Now, I don't want to chase any trade but just wait till it comes to me
how do you know that it "has come to you"?
what are your thoughts on the possibilty that we have a top on gu at 1.5070??
and what do you feel about using fib for entry after looking at the bigger picture???
Some drink at the fountain of knowledge. Others just gargle !
  • #172,248
  • Apr 21, 2009 11:06am Apr 21, 2009 11:06am
Quoting gillybabe
Hi Malcolm. I know you are going to be shorting EU, GU, UJ and GJ. What sort of levels do you intend to do that at?? Cos they all seem to be roaring up quite happily at the mo. Thanks

15 min is saying gj is a sell off 145 ..... but the market has been manipulated to up side on fed talk once again . I am going to see what asia brings us .. alreays had one short off 145 for a few pips

it should get a retrace off 145,35 ish
Blogging daily now at www.volume.zone
  • #172,249
  • Apr 21, 2009 11:10am Apr 21, 2009 11:10am
Quoting lionforex
Locked 250 pip profit. Not bad i think
Great entry. I hope you scaled out at 145 to target 151 then 155. Potential for 165 ish by July.

142.20 was an awesome entry. I wasn't lucky enough for that one, 142.85.
  • #172,250
  • Apr 21, 2009 11:12am Apr 21, 2009 11:12am
Quoting sleep1Iopen
Great entry. I hope you scaled out at 145 to target 151 then 155. Potential for 165 ish by July.

142.20 was an awesome entry. I wasn't lucky enough for that one, 142.85.
lol those are big figures. no way to know for sure what happens buy July but i'd like to here your logic..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #172,251
  • Apr 21, 2009 11:14am Apr 21, 2009 11:14am
Quoting plan-b
how do you know that it "has come to you"?
what are your thoughts on the possibilty that we have a top on gu at 1.5070??
and what do you feel about using fib for entry after looking at the bigger picture???
What I meant was: If you already have a good and profitable trading strategy, stick with it. When u see a trade, cross check with your criteria, if even one not matching, don't take it and wait for it to come and it will come for sure.
No need to predict top or bottom.
  • #172,252
  • Apr 21, 2009 11:19am Apr 21, 2009 11:19am
Quoting sleep1Iopen
Great entry. I hope you scaled out at 145 to target 151 then 155. Potential for 165 ish by July.

142.20 was an awesome entry. I wasn't lucky enough for that one, 142.85.
no i see 250 by july ..... lol

not one chart ... . what use are posts like this ???

curently gj is in a bear flag on daily .. as long as 140.6 holds all well and good ..but if this break we have broken the 1400 up 1000 down symmetry that we have had since 119.

we had huge down day on indexes yesterday wiping out almost a weeks gains . i would of course expect the bounce today .

GJ is still under the 14 wma on daily and rsx is heading down .

There was major distribution all last week

Lets test and break the 150 level before we go shouting 165....it could not even get to 155 as s and p climbing to multi month high last week

also not the divergence in volume on daily. ...

also of note today has not yet ended but we have not managed yet to break the half way level of yesterdays daily candle.

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  • #172,253
  • Apr 21, 2009 11:21am Apr 21, 2009 11:21am
Quoting malcolmb14
that muppet saying banks have more than enough cash to survive .... made ES rip up by 16 points !!!!

I say bs ... i thought it was odd he was talking just before market. They are doing and saying anything to prop this market up
I AGREE. I don't think we see this trend in Asian session and they will be selling it heavily.
  • #172,254
  • Apr 21, 2009 11:26am Apr 21, 2009 11:26am
Quoting england33
lol those are big figures. no way to know for sure what happens buy July but i'd like to here your logic..
Just simple risk to reward. Thats what the big banks like.
  • #172,255
  • Apr 21, 2009 11:27am Apr 21, 2009 11:27am
Quoting malcolmb14
no i see 250 by july ..... lol

not one chart ......
If you can stop your thought while reading and listen that would be great. It has potential and the risk:reward is there. Simple, not complicated with indicators or over analyzing.
  • #172,256
  • Apr 21, 2009 11:30am Apr 21, 2009 11:30am
Good day all. . .
  • #172,257
  • Apr 21, 2009 11:32am Apr 21, 2009 11:32am
Quoting quecee5
Good day all. . .
Hello Q

What is your take on GU? I think I'm gonna prepare for another sell off down to 1.44 and 1.43 area.
Discipline + Patience - Fear - Greed = Success
  • #172,258
  • Apr 21, 2009 11:34am Apr 21, 2009 11:34am
Yo yo Q in da house
  • #172,259
  • Apr 21, 2009 11:52am Apr 21, 2009 11:52am
traders are a funny bunch...you fall 800pips down they scream bulls funeral,you then rise 300pips up and they are assasinating bears..i guess we should start forming camel camps!!
Imanuel Parsifal
  • #172,260
  • Apr 21, 2009 11:53am Apr 21, 2009 11:53am
Quoting sleep1Iopen
If you can stop your thought while reading and listen that would be great. It has potential and the risk:reward is there. Simple, not complicated with indicators or over analyzing.
mmm i would listen if there was anything worth listening to . Why not explain why you see 165 ? Then we could have a debate.

I am neither bull nor bear long term as i day trade and the 15 min shows me the direction to trade the 5 min

In this market it is one day at a time

yes you are right on risk reward ..... if you got in at 142.85 with stop at BE then you lose nothing

PS i do not use indicators .... just volume...that is what gave me 500 pip trade this week to downside on gj and 30 point trade ES. If those are only trades of week I am happy

oh and as of now i am selling off 145 for 40 - 50 pips a shot ... 4 trades so far.
Blogging daily now at www.volume.zone
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