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

  • #177,361
  • May 14, 2009 9:26pm May 14, 2009 9:26pm
Quoting forexlion
everyone on this thread is an expert with a vouch
no vouches for me... and i am not an expert..
Markets are not Random, they are designed!
  • #177,362
  • May 14, 2009 9:26pm May 14, 2009 9:26pm
Quoting ewokuk
I would assume you trade without a stop or have an extremely large stop of several hundred pips, thats the only way you cant have a losing trade for months (simply because any bad trade has no stop so never gets closed). even malcolm had 5 losers in 55 trades and that was just 1 week.
if you plan your trade entry well, then you do not need stops at all

the trade goes green right from where you entered

but

if you trade randomly, then and only then you need stops

trade wisely.
  • #177,363
  • May 14, 2009 9:28pm May 14, 2009 9:28pm
GJ is flirting with day open once again, and this sounds serious business.
  • #177,364
  • May 14, 2009 9:29pm May 14, 2009 9:29pm
Quoting forexlion
if you plan your trade entry well, then you do not need stops at all

the trade goes green right from where you entered

but

if you trade randomly, then and only then you need stops

trade wisely.
oh ok then, 'plan your trade well' and have a 100% success rate.....in the most volatile trading period in history. yes thats believable damn these pesky markets, so predictable these days.
  • #177,365
  • May 14, 2009 9:32pm May 14, 2009 9:32pm
Quoting ewokuk
oh ok then, 'plan your trade well' and have a 100% success rate.....in the most volatile trading period in history. yes thats believable damn these pesky markets, so predictable these days.
one more thing, when you trade

 

  1. if you are damn serious on trading, then avoid visiting FF while trading
  2. if you are bored then this is the best place to waste time
  3. i close FF whenever i am trading, because almost everyone is either posting buy or sell and that confuses your mind

  • #177,366
  • May 14, 2009 9:32pm May 14, 2009 9:32pm
Quoting ewokuk
I would assume you trade without a stop or have an extremely large stop of several hundred pips, thats the only way you cant have a losing trade for months (simply because any bad trade has no stop so never gets closed). even malcolm had 5 losers in 55 trades and that was just 1 week.

i read few books on TRADING .. What i learned and applied to my trading is ..you gotta take a very reasonable entry first... dont try to chase the market..(Patience).. secondly your stop loss should be out side the noise of the market.. does not matter how many pips away..what matters is the size of your trade...mini lot .. or standard lots...that all depends on size of your account...risk only 2-3% only.. and if you are wondering i must be trading mini..micro lots... no I dont trade minis...

I am surprised too.. no negative trades..must be doing something right...
Markets are not Random, they are designed!
  • #177,367
  • May 14, 2009 9:36pm May 14, 2009 9:36pm
Quoting forexlion
one more thing, when you trade

 

  1. if you are damn serious on trading, then avoid visiting FF while trading
  2. if you are bored then this is the best place to waste time
  3. i close FF whenever i am trading, because almost everyone is either posting buy or sell and that confuses your mind

I second that
  • #177,368
  • May 14, 2009 9:37pm May 14, 2009 9:37pm
Quoting Raza
I am surprised too.. no slaps from girls i flirt with..must be doing something right...
  • #177,369
  • May 14, 2009 9:40pm May 14, 2009 9:40pm
Quoting Estero
I second that
i come to FF only when i am bored

but when i am seriously trading and making serious money, i do not allow anything to disturb me, complete concentration.
  • #177,370
  • May 14, 2009 9:45pm May 14, 2009 9:45pm
I trade for pips..

Quoting forexlion
everyone on this thread is an expert with a vouch
[
  • #177,371
  • May 14, 2009 9:56pm May 14, 2009 9:56pm
I am no elliot wave guy but didnt you miss label your waves? I would think we are in the ABC part right now with an A to B move.

Quoting Raza
wave count... wave 4 not over yet... IMO. strong bounce after wave 5.. expected around 140.80...
  • #177,372
  • May 14, 2009 10:02pm May 14, 2009 10:02pm
Check out the 123% Fib if this is for real.. its hard to believe..G/J in 2 digits??? At the moment we have the same pattern when price was at 212.68...
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fibs.jpg Size: 175 KB
Markets are not Random, they are designed!
  • #177,373
  • May 14, 2009 10:33pm May 14, 2009 10:33pm
Quoting mamufx
If GJ maintain and hold above fibo 61.8 (143.44) then we will see GJ will going upward again anytime from now.....if break fibo 61.8 then continuation bearish pattern consider valid.....but according to my analysis GJ will going up anytime from now the lowest price GJ could hit on 142.57 and rebounce back to upward.......
finally closed my long position......hehehehe
  • #177,374
  • May 14, 2009 10:49pm May 14, 2009 10:49pm
Quoting Raza
Check out the 123% Fib if this is for real.. its hard to believe..G/J in 2 digits??? At the moment we have the same pattern when price was at 212.68...
Something does not look right..on Weekly... I am very familiar with RSI .. it looks like its ready to go up... should not happen though..but it doesnot look bearish... up targets are 152xx .. 155.80-- 157xxx
Markets are not Random, they are designed!
  • #177,375
  • May 14, 2009 11:30pm May 14, 2009 11:30pm
Look a bit scary atm...which my H4 just flip above gann...

See how London react..and may close all my short to 50% daily fib @145 area...

See ya..
Attached Image (click to enlarge)
Click to Enlarge Name: am away after 145.JPG Size: 87 KB
  • #177,376
  • May 15, 2009 12:11am May 15, 2009 12:11am
Quoting grashid
Look a bit scary atm...which my H4 just flip above gann...

See how London react..and may close all my short to 50% daily fib @145 area...

See ya..
dont understand what made u guys think that we are going down??? have been loading longs on all dips...
  • #177,377
  • May 15, 2009 12:15am May 15, 2009 12:15am
new black fork containing price so far and giving resistance
also 61.8 and 50
if we break the top black line and close above the fibos then its game over

otherwise
well it might come down
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY 5_15_2009 (25 Range).jpg Size: 159 KB
  • #177,378
  • May 15, 2009 12:17am May 15, 2009 12:17am
.
Attached Image (click to enlarge)
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  • #177,379
  • May 15, 2009 12:19am May 15, 2009 12:19am
lookin for cable to get to the top red line then ill watch for action there/short with a small stop

if that breaks then im lookin for the intersection of the black fork and the blue upper line which happens to be the most recent top. the coral line shows it
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD 5_15_2009 (20 Range).jpg Size: 138 KB
  • #177,380
  • May 15, 2009 12:23am May 15, 2009 12:23am
..
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 25 KB
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