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

  • #172,981
  • Apr 24, 2009 4:38am Apr 24, 2009 4:38am
Quoting gillybabe
The trouble is you feel so stupid as everyone else is posting about their hundreds of pips! however perseverance pays.
It pays to take most if not all pip boasts here with a pinch of salt.
  • #172,982
  • Apr 24, 2009 4:39am Apr 24, 2009 4:39am
Quoting gillybabe
The trouble is you feel so stupid as everyone else is posting about their hundreds of pips! however perseverance pays.
and here is me thinking I am the only one....
had 2 Trades from last night I was long at 142.50 ---My trade came at be
Then I went short @ 142.40 ...The beast pissed on me again....and went all the way up.......I have started at trading this pair at the wrong time...
I am so frustrated....with this pair.......
Let Price determine your future!
  • #172,983
  • Apr 24, 2009 4:43am Apr 24, 2009 4:43am
Quoting Geppyg
and here is me thinking I am the only one....
had 2 Trades from last night I was long at 142.50 ---My trade came at be
Then I went short @ 142.40 ...The beast pissed on me again....and went all the way up.......I have started at trading this pair at the wrong time...
I am so frustrated....with this pair.......
its very very easy trading this beast if you follow my new patented holy grail method.

and its so simple that anyone can learn it.

sadly one of the experts here reported me for sharing it and i got an infarction point for it, because he did not want to loose his fan following.
  • #172,984
  • Apr 24, 2009 4:44am Apr 24, 2009 4:44am
Quoting yuhu
It helps to know that I am not the only one. thanks guys.

my chart is showing GJ to be extremely OS, it is screaming "buy me", but it just wouldnt give in..
Mine doesn't. When I look at H4 I see still room to go down plus PA doesn't suggest to buy yet. 141.00 and even 139.80 are still highly probable to be hit ... specially that lower high at 144.50 makes me keep my short open.

By the way I don't believe being OS means a buy signal. I think "exiting" oversold could be a normal long signal but for me the ideal "buy" signal is "Exiting OS AFTER one or two bullish divergences" + appropriate PA (I mean a bullish engulfing candle or pin bar on higher time frames like H4).

Price could well remain in OS state for a long period of time specially in a bear market.
Discipline + Patience - Fear - Greed = Success
  • #172,985
  • Apr 24, 2009 4:47am Apr 24, 2009 4:47am
i think we might see this scenario after few hours it will be canceled if we close below 141

a close above 142.20 on 15 mins is the key to go up
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1h chart.png Size: 49 KB
  • #172,986
  • Apr 24, 2009 4:47am Apr 24, 2009 4:47am
Quoting forexlion
its very very easy trading this beast if you follow my new patented holy grail method.

and its so simple that anyone can learn it.

sadly one of the experts here reported me for sharing it and i got an infarction point for it, because he did not want to loose his fan following.
the holy grail method is simple

read YOUR OWN CHARTS

and trade YOUR OWN CHARTS

stop listening to others on this forums.
  • #172,987
  • Apr 24, 2009 4:48am Apr 24, 2009 4:48am
Quoting forexlion
its very very easy trading this beast if you follow my new patented holy grail method.

and its so simple that anyone can learn it.

sadly one of the experts here reported me for sharing it and i got an infarction point for it, because he did not want to loose his fan following.
Hi Forex Lion,

I am not being funny mate thanks for the tip but .....
you make it sound like its a piece of cake...

No Point in rubbing it in by saying you have something that works but I am not going to give it to you ....

Anyways Good luck..
Hope you continue to progress...

As for me will wait for some clear direction and try and learn more....

Regards
Geppy
Let Price determine your future!
  • #172,988
  • Apr 24, 2009 4:48am Apr 24, 2009 4:48am
Quoting forexlion
its very very easy trading this beast if you follow my new patented holy grail method.

and its so simple that anyone can learn it.

sadly one of the experts here reported me for sharing it and i got an infarction point for it, because he did not want to loose his fan following.
You were reported for that.?

Whatever next, reporting bad calls?
  • #172,989
  • Apr 24, 2009 4:51am Apr 24, 2009 4:51am
Quoting Geppyg
Hi Forex Lion,

I am not being funny mate thanks for the tip but .....
you make it sound like its a piece of cake...

No Point in rubbing it in by saying you have something that works but I am not going to give it to you ....

Anyways Good luck..
Hope you continue to progress...

As for me will wait for some clear direction and try and learn more....

Regards
Geppy
Quoting forexlion
the holy grail method is simple

read YOUR OWN CHARTS

and trade YOUR OWN CHARTS

stop listening to others on this forums.
there is nothing simpler than the quoted text above

and to think that an expert reported me for that is ..... oh well just too hilarious for me.
  • #172,990
  • Apr 24, 2009 4:53am Apr 24, 2009 4:53am
Quoting forexlion
the holy grail method is simple

read YOUR OWN CHARTS

and trade YOUR OWN CHARTS

stop listening to others on this forums.
But this is my system. Where did you get this ?? It's not fair to put this under your name ...
Discipline + Patience - Fear - Greed = Success
  • #172,991
  • Apr 24, 2009 4:56am Apr 24, 2009 4:56am
Quoting arezab
Price could well remain in OS state for a long period of time specially in a bear market.
I agree with you 100%.

Why do people only post a nice trending period chart?
  • #172,992
  • Apr 24, 2009 4:57am Apr 24, 2009 4:57am
Since we have the "International Screws Meet" [G7] in progress today and during the weekend.

GJ will most likely screw anyone on friday today, unless you are really careful.
  • #172,993
  • Apr 24, 2009 5:12am Apr 24, 2009 5:12am
Quoting msniper
i think we might see this scenario after few hours it will be canceled if we close below 141

a close above 142.20 on 15 mins is the key to go up

Well if continues down that first target is around 141.10 and second is 140.60 or so...Will it happend?
The Market pays you to be disciplined
  • #172,994
  • Apr 24, 2009 5:20am Apr 24, 2009 5:20am
Quoting plan-b
GDP
-4.1% vs -3.8%E
biggest contraction since Q3 of 1979
Just curious where you got that figure The site I look at has something completely different.
  • #172,995
  • Apr 24, 2009 5:25am Apr 24, 2009 5:25am
Quoting mima
Well if continues down that first target is around 141.10 and second is 140.60 or so...Will it happend?
i dont think so
  • #172,996
  • Apr 24, 2009 5:25am Apr 24, 2009 5:25am
Quoting gillybabe
The trouble is you feel so stupid as everyone else is posting about their hundreds of pips! however perseverance pays.

Don't take any notice of the claims made on this site.

The really good traders never tell you how many pips thay make.
  • #172,997
  • Apr 24, 2009 5:26am Apr 24, 2009 5:26am
I think the biggest problem for ppl is the fact of seeing negative trade balance in pips/dollars. This psychology can damage ones ability to see the picutre while focusing on those numbers. To gain without risk is very very hard, and unless u have perfect levels and perfect timing it just isnt going to happen, moving SL's as fast as u can into be or tiny profits. The only one who wins there is the brokercollecting spreads or sl losses. Keep stops out of range, if they get hit u were wrong trade is wrong. if you start winning leave the damn sl alone where u put it. Its only there to save you from being wrong not as a trade management tool to protect profits. Trades take time to unfold on a daily basis, intraday chop is the shark tank unless this is your preference swmming with the sharks. Set it and allow it it unfold and dont sweat the draw down. IF wrong so be it try and try again with the perception of discipline and watch the profit grow.
"Millionaires don't use astrology, billionaires do"
  • #172,998
  • Apr 24, 2009 5:30am Apr 24, 2009 5:30am
Quoting forexlion
there is nothing simpler than the quoted text above

and to think that an expert reported me for that is ..... oh well just too hilarious for me.
Me too, I got reported for calling it a B .... lady dog ... ch!!
Its like being in school, though I would'nt mind a smack on the a$$

Reported again !!!!!
  • #172,999
  • Apr 24, 2009 5:32am Apr 24, 2009 5:32am
Quoting stewrigh
Just curious where you got that figure The site I look at has something completely different.
The figures posted are correct. Been on Bloomies this morning.
  • #173,000
  • Apr 24, 2009 5:37am Apr 24, 2009 5:37am
Quoting OrionsWay
I think the biggest problem for ppl is the fact of seeing negative...
Interesting way of looking at it OW - Monday trade taught me that lesson in a major way.
I was in short and after it moved 80 odd pips i moved stop to a tad more than BE, the thing reversed took my stop and then reversed again, gaining around 400 odd pips that day and i was bleeding even tho i didnt lose anything ...

That hurts ... but not moving stop to BE can also hurt if u are actually wrong - so this topic has gnawed at me a bit lately...
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