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

  • #173,021
  • Apr 24, 2009 7:03am Apr 24, 2009 7:03am
Quoting stewrigh
Yep its started to tank 135 next????
Put a chart on here and explain to me why...?

thanks you ...you are calling a 600 point move..and I would like to understand you trade....

Geppy
Let Price determine your future!
  • #173,022
  • Apr 24, 2009 7:06am Apr 24, 2009 7:06am
Quoting stewrigh
Yep its started to tank 135 next????
O boy you want to scary people..140.63 or so then maybe 139.xx
The Market pays you to be disciplined
  • #173,023
  • Apr 24, 2009 7:06am Apr 24, 2009 7:06am
I have taken a hit of 35 pips....Because it seems like there is mommentum to go down...

Now let it go all the way back up again...If this works....I am starting a signal service....Geppyfadersignals.com
Let Price determine your future!
  • #173,024
  • Apr 24, 2009 7:07am Apr 24, 2009 7:07am
Quoting mima
O boy you want to scary people..140.63 or so then maybe 139.xx
Another knob ...who talks 500+ or 1000+...
No explanation...
Let Price determine your future!
  • #173,025
  • Apr 24, 2009 7:15am Apr 24, 2009 7:15am
Please accept my apologies folks - I just assume sometimes that ppl are seeing the same things I am.

Anyway - see chart.

My thinking as follows...
Fundis are extremely bearish and if price breaks thru 141 the next stop IMHO will be 137 and then 135( I've marked up the S/R lines on chart).

Please also note this is just my thinking and as you know anything acn happen - but I am short BTW.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 169 KB
  • #173,026
  • Apr 24, 2009 7:16am Apr 24, 2009 7:16am
Quoting Geppyg
I have taken a hit of 35 pips....Because it seems like there is mommentum to go down...

Now let it go all the way back up again...If this works....I am starting a signal service....Geppyfadersignals.com
I cant believe this..........Just fade me am starting a new thread....for all that wanna make money..just fade me........
It went straight to 70
Let Price determine your future!
  • #173,027
  • Apr 24, 2009 7:17am Apr 24, 2009 7:17am
Quoting stewrigh
Please accept my apologies folks - I just assume sometimes that ppl are seeing the same things I am.

Anyway - see chart.

My thinking as follows...
Fundis are extremely bearish and if price breaks thru 141 the next stop IMHO will be 137 and then 135( I've marked up the S/R lines on chart).

Please also note this is just my thinking and as you know anything acn happen - but I am short BTW.

Attachment
nothing to push gbpjpy down...yen is frozen or might go up...so gbpjpy will follow...
The Market pays you to be disciplined
  • #173,028
  • Apr 24, 2009 7:25am Apr 24, 2009 7:25am
Quoting mima
nothing to push gbpjpy down...yen is frozen or might go up...so gbpjpy will follow...
Yeah I know - But and this is a big but - We've just had the worst economic figures published for a generation, and the biggest BS budget ever.

Now I know 141 is a big number but its been hit 5 or 6 times in the last few weeks and I think it will break soon.

JMHO feel free to disagree.
  • #173,029
  • Apr 24, 2009 7:30am Apr 24, 2009 7:30am
One other thing you might like to look at is the monthly pin currently forming....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 91 KB
  • #173,030
  • Apr 24, 2009 7:30am Apr 24, 2009 7:30am
Quoting Geppyg
I cant believe this..........Just fade me am starting a new thread....for all that wanna make money..just fade me........
It went straight to 70
I know the feeling!!!
  • #173,031
  • Apr 24, 2009 7:31am Apr 24, 2009 7:31am
On the 15 minute chart is that not a rejection +15 Minute Bullish engulfing Candle which signals bullishness+Dow is over the 900 and playing around950 at present Ftse and all other indices up ...

So that meant that long is valid..may be not loads of pips...but bloody 50 pips should have been attainable !!!!
Let Price determine your future!
  • #173,032
  • Apr 24, 2009 7:37am Apr 24, 2009 7:37am
I am new to forum posting.. to be honest never traded using these forums..
Please dont give me lectures---seniors I know it is my fault...should not read what others say and act up on it...but I did ..

I was in a loss of 30 pips and then read the posting ohh here we come 135 NOT 140 139 138 straight to 135.....So obviously you respect the technical thoughts...of some senior members here...and what happens.. My Trade was correct my stop was correct...and I would have been 30+ but NOO I LOVE LOSSES ...

By the way steve as I said no disrespect to you its my fault...I should trust my own instincts....
Let Price determine your future!
  • #173,033
  • Apr 24, 2009 7:38am Apr 24, 2009 7:38am
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
Hey your stop was at 141 - it never reached 141
  • #173,034
  • Apr 24, 2009 7:41am Apr 24, 2009 7:41am
Quoting stewrigh
Hey your stop was at 141 - it never reached 141
Yes sir very true...but I read your post and crapped my pants....no other words and like a 24 year old in a nappy....

Dont worry mate as I said a lot of traders make the same mistake...I just want to admit what happened to me...

Good Luck Matey
Let Price determine your future!
  • #173,035
  • Apr 24, 2009 7:42am Apr 24, 2009 7:42am
Quoting Geppyg
I am new to forum posting.. to be honest never traded using these forums..
Please dont give me lectures---seniors I know it is my fault...should not read what others say and act up on it...but I did ..

I was in a loss of 30 pips and then read the posting ohh here we come 135 NOT 140 139 138 straight to 135.....So obviously you respect the technical thoughts...of some senior members here...and what happens.. My Trade was correct my stop was correct...and I would have been 30+ but NOO I LOVE LOSSES ...

By the way steve as I said no disrespect...
Yep and I'm looking at longer time frames - I don't think it'll go to 135 today or even next week but I do think its headed that way.
  • #173,036
  • Apr 24, 2009 7:45am Apr 24, 2009 7:45am
Quoting Big Bruv

i've got 147 daily target but it's friday..so..be prepared.


happy pippin....
Don't u just love Fridays...

watching 141.50 level in the next 4 hrs..if we close below this then there will be huge downside pressure....
  • #173,037
  • Apr 24, 2009 7:49am Apr 24, 2009 7:49am
Quoting Geppyg
I told you I can make this Move....How Good am I Just fade me everytime I trade this pair...
I really can not believe I just got out of a this stupid trade where I would have made 100 pips...........?????????????
Let Price determine your future!
  • #173,038
  • Apr 24, 2009 7:52am Apr 24, 2009 7:52am
Quoting OrionsWay
I think the biggest problem for ppl is the fact of seeing negative...

I totally agree. Most persons in this thread would consider themselves trend traders and not range traders or scalpers, and yet I see people, placing orders then reversing them on retraces, then replacing contra orders, I cannot see how such a strategy can be viable in the long term (for a trend trader).

We forget that a trend is a prevailing market direction for a particular timeframe (my definition), NOT just a series of higher highs and higher lows or vice versa. (Because you can still get that in a down trend).

Trend traders will not be succesfull unless you stick with the trend. If you're wrong then you're wrong. Next trade, just place your stop out of the way of spikes and whipsaws .

Ways to detect trend:

Moving averages:
You can use long term moving averages or channels to determine trends. I personally like moving averages because it is less subjective, I've found you can ask 5 people to draw a channel with the prevailing trend, and you get 5 different channels, there is way less ambiguity with moving averages.

Use the macd:
The MACD simply shows the difference between 2 moving averages (histogram) and then averages them. Most persons in here use the 50 ema, so use it to establish a longer term direction in the MACD. Say 21-50 -1 MACD or experiment with other longer moving averages.
  • #173,039
  • Apr 24, 2009 7:55am Apr 24, 2009 7:55am
Quoting grashid
Mate.. i will try to look at my R2-141.14/24.
R3=139.84 also look possible if she able to break 141
Since my sell stop from 142.27 just hit..am watch out at my R2 first

Since my H4/H1 already below gann am looking for 138.67 if 140.75/50 able to break to be below my LTL from 118 from D1...

How ever weekly and Daily look bearishness...

Seems a bit interesting in my yellow circle for hard spike or hard tank...

See how london can give any clue on it
am taking small short atm from 142.35 again and if she hold in couple of hr above 141.5 I will load long for 144 target..
Attached Image (click to enlarge)
Click to Enlarge Name: My Spot.JPG Size: 86 KB
  • #173,040
  • Apr 24, 2009 7:59am Apr 24, 2009 7:59am
Quoting Geppyg
I really can not believe I just got out of a this stupid trade where I would have made 100 pips...........?????????????


patience is a virtue

Quoting forexlion
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.
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