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

  • #174,481
  • May 1, 2009 4:15am May 1, 2009 4:15am
Quoting Galatasaray
I am short till 146.95...
let's see.
a retrace is very likely.
how many accounts have you blown up so far?

GP
"You Can Make Money Or Excuses But You Can't Make Both!"
  • #174,482
  • May 1, 2009 4:17am May 1, 2009 4:17am
Quoting ndhoanggia
Reasons? Supports? Charts? Thanks!!!
First chart is 4H and the second is daily.
Though there is an uptrend.. the pair will retrace.
Attached Images
  • #174,483
  • May 1, 2009 4:18am May 1, 2009 4:18am
Quoting Galatasaray
I am short till 146.95...
let's see.
a retrace is very likely.
FX TRADING 101

gbpjpy 1 hr chart: Now which direction is this trendline sloping. That short may just work for you, but it is WAY less risk and more reward to go in the direction of the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 12 KB
  • #174,484
  • May 1, 2009 4:19am May 1, 2009 4:19am
Quoting Globalprofits
how many accounts have you blown up so far?

GP
actually once when i started trading 3 years ago.

thats probably the number of the accounts you blow up monthly
  • #174,485
  • May 1, 2009 4:22am May 1, 2009 4:22am
i am 70% times right so.. lets see if this time it will be in the 70 or 30...
dont get me wrong guys. I do make bad trades sometimes. But i believe a retrace of 50 or so pips will happen.
If not it would be a good long.
  • #174,486
  • May 1, 2009 4:22am May 1, 2009 4:22am
Quoting Galatasaray
actually once when i started trading 3 years ago.

thats probably the number of the accounts you blow up monthly
You have been trading 3 years and still haven't worked out that old saying is never more true then when trading this pair "the trend is your friend"

GP
"You Can Make Money Or Excuses But You Can't Make Both!"
  • #174,487
  • May 1, 2009 4:23am May 1, 2009 4:23am
Quoting Globalprofits
You have been trading 3 years and still haven't worked out that old saying is never more true then when trading this pair "the trend is your friend"

GP
well be careful
sometimes friends hit you from your back.
  • #174,488
  • May 1, 2009 4:26am May 1, 2009 4:26am
Quoting Galatasaray
actually once when i started trading 3 years ago.

thats probably the number of the accounts you blow up monthly
Oh snap! Here comes the drama lol
  • #174,489
  • May 1, 2009 4:32am May 1, 2009 4:32am
Quoting Big Bruv
[i]Here my monthly update..
I am still targeting the blue shaded area before i even consider a reverse swing trade. That area is around the 168-170. so that means technically i'm still a bull until that area is reached. That also corresponds to my TP3...baby

Nothing technically suggests for me that the low @ 118 will be taken out..so i'm still building my trade plan on this target. The extreme area in my sell zone is the 185 level..basically wot this means is that i will be looking for a topping formation on the daily between the 170...
Just a re-post..baby

151 is daily target as long as we do not go below 145

Happy pippin...
  • #174,490
  • May 1, 2009 4:32am May 1, 2009 4:32am
Now, pair at 148.10. Shooting up to cross 148.40. If it breaks next target 150 may be reached today itself. 145.62 lowest to 148.12. 250 pips up on May 1st holiday. If it breaks 150 today next week 155? I do not see any one on shorts. UJ up and it is taking GJ to higher levels. GU up and so is EJ. Any guess on top today? Want to go short but I fear I may get burned out.
  • #174,491
  • May 1, 2009 4:34am May 1, 2009 4:34am
lol @ going short ... eventually you'll be right !
  • #174,492
  • May 1, 2009 4:35am May 1, 2009 4:35am
i have a nasty resistance at 148.05..
i got it with the help of murrey lines.
if it breaks above 148.05 it should than yeah go to 148.81.
but still i am sticking to my shorts.
I will only close my short order if the pair closes above 148.81.
or hedge it.
  • #174,493
  • Edited 4:51am May 1, 2009 4:39am | Edited 4:51am
Quoting Galatasaray
i have a nasty resistance at 148.05..
i got it with the help of murrey lines.
if it breaks above 148.05 it should than yeah go to 148.81.
but still i am sticking to my shorts.
I will only close my short order if the pair closes above 148.81.
or hedge it.
I like your spirit. Don't let anyone sway you from what you believe.
A short here isn't so unbelievable, but may need to be a scalp with a trailing S/L. 5m bearish divergence and overbought....
  • #174,494
  • May 1, 2009 4:41am May 1, 2009 4:41am
Quoting ukdaytrader
I like your spirit. Don't let anyone sway you from what you believe.
what i know the best in forex
you go short, i go long but we can still both profit.
Because there are many different types of orders.
Scalping, short term, midterm, longterm...
  • #174,495
  • May 1, 2009 4:41am May 1, 2009 4:41am
we have just tested 200 days moving average its first time Gj has touched that after 210 area in aug 2008 .
  • #174,496
  • May 1, 2009 4:48am May 1, 2009 4:48am
Quoting Big Bruv
Just a re-post..baby

151 is daily target as long as we do not go below 145

Happy pippin...

If current H4 candle close above 148.20
- meaning GJ H4 at OB level.

If next H4 candle close above 150
- Meaning GJ H4 at extreme OB Level
  • #174,497
  • May 1, 2009 4:49am May 1, 2009 4:49am
Any reason why there's no NFP today..?
  • #174,498
  • May 1, 2009 4:57am May 1, 2009 4:57am
Quoting ukdaytrader
Any reason why there's no NFP today..?
I believe its released in the first week of each month. Scheduled for next Friday.
  • #174,499
  • May 1, 2009 5:02am May 1, 2009 5:02am
What's up co-forumers, what's the bias today What are your targets
  • #174,500
  • May 1, 2009 5:03am May 1, 2009 5:03am
I am also short from the high 147's - sure the trend is up but Fridays are good counter trend days...
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