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

  • #173,041
  • Apr 24, 2009 7:59am Apr 24, 2009 7:59am
Quoting GodfreyH
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)....
Very valuable info as always
  • #173,042
  • Apr 24, 2009 8:00am Apr 24, 2009 8:00am
Geppy

Use the Fibonic pivot it explains everything and cross check the previouse move when it hit the s2 level
  • #173,043
  • Apr 24, 2009 8:00am Apr 24, 2009 8:00am
I dont know why is dollar punished on good news...?
The Market pays you to be disciplined
  • #173,044
  • Apr 24, 2009 8:01am Apr 24, 2009 8:01am
Quoting GodfreyH
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)....
Well said, Godfrey...Listen to the voice of reason, newbs. I trade the weekly chart and monthly chart. It filters out the noise and chop, giving me the bigger picture.
  • #173,045
  • Apr 24, 2009 8:02am Apr 24, 2009 8:02am
Quoting mima
I dont know why is dollar punished on good news...?
stocks up= dollar down, usually.
  • #173,046
  • Apr 24, 2009 8:02am Apr 24, 2009 8:02am
Quoting Geppyg
I really can not believe I just got out of a this stupid trade where I would have made 100 pips...........?????????????
I have been there so many times before, do you let your stops be hit or do you cut and run .... don't feel bad, easy said than done but I am in the same boat as you. If it runs away from you take a break and don't let the "lady dog" win by jumping into another trade before reanalysing the charts again.
  • #173,047
  • Apr 24, 2009 8:08am Apr 24, 2009 8:08am
Quoting harigp
Geppy

Use the Fibonic pivot it explains everything and cross check the previouse move when it hit the s2 level
Just to make thnigs clear....I have been trading for quite a time am just new to currencies and this pair.. I trust my charts...Well??
But I tend to look at this forum and opinions.....hence I get a bit stuck....

I have no problems with TA...

Thanks
Let Price determine your future!
  • #173,048
  • Apr 24, 2009 8:09am Apr 24, 2009 8:09am
Quoting Geeza.kb
I have been there so many times before, do you let your stops be hit or do you cut and run .... don't feel bad, easy said than done but I am in the same boat as you. If it runs away from you take a break and don't let the "lady dog" win by jumping into another trade before reanalysing the charts again.
Honestly I cut and run as the figure that was mentioned gave me instant diaroheea....lol
Let Price determine your future!
  • #173,049
  • Apr 24, 2009 8:14am Apr 24, 2009 8:14am
Quoting ovaforty
stocks up= dollar down, usually.
So for strong dollar: the worse the better...
The Market pays you to be disciplined
  • #173,050
  • Apr 24, 2009 8:14am Apr 24, 2009 8:14am
Quoting OrionsWay
I think the biggest problem for ppl is the fact of seeing negative...

just read dat baby...bravo...u sure u are not me in disguise
  • #173,051
  • Apr 24, 2009 8:20am Apr 24, 2009 8:20am
Its like a family that has starved for years.............WtF happened to make this so much...
Let Price determine your future!
  • #173,052
  • Apr 24, 2009 8:33am Apr 24, 2009 8:33am
Quoting Geppyg
Honestly I cut and run as the figure that was mentioned gave me instant diaroheea....lol
BB reckons 147 today - you should've read his post first - lol...
  • #173,053
  • Apr 24, 2009 8:37am Apr 24, 2009 8:37am
Hmmmm, something not right. UY not moved significantly, ES rising but not that quickly, but GY soaring.

What sudden news from the UK is sending this higher.? 250 pips without retrace.
  • #173,054
  • Apr 24, 2009 8:42am Apr 24, 2009 8:42am
Quoting ukdaytrader
Hmmmm, something not right. UY not moved significantly, ES rising but not that quickly, but GY soaring.

What sudden news from the UK is sending this higher.? 250 pips without retrace.
pros coming for tanking to 137.75 first maybe..
am loading more short and see how...wanna make sure she will drop back to below 141
  • #173,055
  • Apr 24, 2009 8:43am Apr 24, 2009 8:43am
Quoting stewrigh
BB reckons 147 today - you should've read his post first - lol...
Oiiii you .....no need to rub it in lol....you owe me 200 pips now....
that is your debt to me lol Joke
Let Price determine your future!
  • #173,056
  • Apr 24, 2009 8:43am Apr 24, 2009 8:43am
Quoting ukdaytrader
Hmmmm, something not right. UY not moved significantly, ES rising but not that quickly, but GY soaring.

What sudden news from the UK is sending this higher.? 250 pips without retrace.
Short covering ???
  • #173,057
  • Apr 24, 2009 8:46am Apr 24, 2009 8:46am
Quoting Geppyg
Oiiii you .....no need to rub it in lol....you owe me 200 pips now....
that is your debt to me lol Joke
From here to 135 is 800 pips - Think that might cover the debt??.
  • #173,058
  • Apr 24, 2009 8:47am Apr 24, 2009 8:47am
i still vote 139
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  • #173,059
  • Apr 24, 2009 8:48am Apr 24, 2009 8:48am
Quoting stewrigh
From here to 135 is 800 pips - Think that might cover the debt??.
  • #173,060
  • Apr 24, 2009 8:56am Apr 24, 2009 8:56am
Quoting pagiygglp
i still vote 139
This platform become my history mate...I believe we did YM before right when am in the top 10 list...a lot of false delay signal...more worst when float with huge pips alway having server error which may not to lgin to acc back..i just use it for fun when side way and watch a good marathon runner lol...especially japanese with a big tummy..

' Honestly its not good for newbies' quite dengerous...
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