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

  • #173,001
  • Apr 24, 2009 5:39am Apr 24, 2009 5:39am
Quoting ukdaytrader
The figures posted are correct. Been on Bloomies this morning.
Thanks - yeah my mistake I was looking at the QoQ figures - Doh..
  • #173,002
  • Apr 24, 2009 5:39am Apr 24, 2009 5:39am
Quoting OrionsWay
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...
true

when i trade i disable my account from bein viewed only at the end of each day i look at it

and i only look at how much pips i make or loss not how much dollars

this is the best way to avoid emotions i guess + staying away from the PC if your trading 4h chart
  • #173,003
  • Apr 24, 2009 5:40am Apr 24, 2009 5:40am
Quoting OrionsWay
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...
Well said. my friend. How is uranus treating you?
  • #173,004
  • Apr 24, 2009 5:40am Apr 24, 2009 5:40am
I think the next weeks we'll go south.Next station in 131-135 area.2 main scenarios:a)downtrend has resumed and in that case we'll see new lows may be even 2 digits.
b)Smart and rich guys will like to buy at better prices for another up leg targeting 165-170 area(around 50 Fibo)
Just my 2 yens(to alter the cliche a bit).
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  • #173,005
  • Apr 24, 2009 5:44am Apr 24, 2009 5:44am
Quoting ovaforty
Well said. my friend. How is uranus treating you?

ROFL regular as usual LOL
"Millionaires don't use astrology, billionaires do"
  • #173,006
  • Apr 24, 2009 5:52am Apr 24, 2009 5:52am
Quoting Mihais
I think the next weeks we'll go south.Next station in 131-135 area.2 main scenarios:a)downtrend has resumed and in that case we'll see new lows may be even 2 digits.
b)Smart and rich guys will like to buy at better prices for another up leg targeting 165-170 area(around 50 Fibo)
Just my 2 yens(to alter the cliche a bit).
I hope you dont mind me asking but I think this is a rounded bottom and also it has formed a base...at least for short term trades..

My views are up from here to 143.50 test the level and then go down....and
too keep screwing up my trades till I give up.....lol

Geppy
Let Price determine your future!
  • #173,007
  • Apr 24, 2009 5:52am Apr 24, 2009 5:52am
i am looking below 140
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  • #173,008
  • Apr 24, 2009 5:53am Apr 24, 2009 5:53am
Quoting OrionsWay
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...

Your statements through this thread are true to my experience. Look to the charts, make your decision, plan for disaster, calculate draw down (your personal pain level), learn to read 'yourself', set your triggers and go. Patience is a key factor. Over optimism or negativism can hurt your success. Don't kick yourself if you missed a trade or profit. There will always be another one.
  • #173,009
  • Apr 24, 2009 5:57am Apr 24, 2009 5:57am
Quoting Mr.Sabah
i am looking below 140
Well something has to push yen and gbp down....maybe coming news today ...
The Market pays you to be disciplined
  • #173,010
  • Apr 24, 2009 6:04am Apr 24, 2009 6:04am
Interesting to see dow futures moving higher but gbp not following right now ..
  • #173,011
  • Apr 24, 2009 6:09am Apr 24, 2009 6:09am
Quoting mikemay777
Your statements through this thread are true to my experience. Look to the charts, make your decision, plan for disaster, calculate draw down (your personal pain level), learn to read 'yourself', set your triggers and go. Patience is a key factor. Over optimism or negativism can hurt your success. Don't kick yourself if you missed a trade or profit. There will always be another one.
Easier said than done ... the mind is like a parachute, its no good unless its open ....
The problem this week has been trying to sort out a direction. Then when you think you've worked it out she turns on you for no reason. The only good day was Wednesday as we all knew which direction it would eventually go but in the trade too long and you got a kicking ...... well I did.
  • #173,012
  • Apr 24, 2009 6:10am Apr 24, 2009 6:10am
is anybody paying attention at whats going on with the markets in Europe, it's like the economic problems are over for them...
  • #173,013
  • Apr 24, 2009 6:12am Apr 24, 2009 6:12am
Quoting Geeza.kb
Easier said than done ... the mind is like a parachute, its no good unless its open ....
The problem this week has been trying to sort out a direction. Then when you think you've worked it out she turns on you for no reason. The only good day was Wednesday as we all knew which direction it would eventually go but in the trade too long and you got a kicking ...... well I did.
THE only direction is the path of least resistance and where is dominant order flow. supply demand is easily seen on a chart any timefram if you develop how to see it
"Millionaires don't use astrology, billionaires do"
  • #173,014
  • Apr 24, 2009 6:14am Apr 24, 2009 6:14am
Quoting pipmyride
Interesting to see dow futures moving higher but gbp not following right now ..
yeah what is with YM today. I just come back to see this big spike
  • #173,015
  • Apr 24, 2009 6:21am Apr 24, 2009 6:21am
wait for 12.30 news and we'll have a direction
  • #173,016
  • Apr 24, 2009 6:24am Apr 24, 2009 6:24am
Quoting Eulogy
yeah what is with YM today. I just come back to see this big spike
Ford results not as bad as expected.





Still terrible though.
  • #173,017
  • Apr 24, 2009 6:47am Apr 24, 2009 6:47am
Well gbp is moving down but yen is still frozen....so not much for gbpjpy
The Market pays you to be disciplined
  • #173,018
  • Apr 24, 2009 6:51am Apr 24, 2009 6:51am
I am long at 141.55 Aiming for 142.55 my Stop is at 141.00
Every time it bounce from here ....

Now watch it tank
Let Price determine your future!
  • #173,019
  • Apr 24, 2009 6:56am Apr 24, 2009 6:56am
Quoting Geppyg
I am long at 141.55 Aiming for 142.55 my Stop is at 141.00
Every time it bounce from here ....

Now watch it tank
I told you I can make this Move....How Good am I Just fade me everytime I trade this pair...
Let Price determine your future!
  • #173,020
  • Apr 24, 2009 6:58am Apr 24, 2009 6:58am
Quoting Geppyg
I told you I can make this Move....How Good am I Just fade me everytime I trade this pair...
Yep its started to tank 135 next????
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