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

  • #177,381
  • May 14, 2009 10:59pm May 14, 2009 10:59pm
Quoting ns_karthik
dont understand what made u guys think that we are going down??? have been loading longs on all dips...
unless april month close of 146.33 is taken out, there is no reason to buy, despite the PA
  • #177,382
  • May 14, 2009 11:20pm May 14, 2009 11:20pm
just an update to my earlier chart
short from 145.90
price tried the black fork 2 times after i drew it
lots of resistance with fibos and previous support

im lookin for support anywhere between 144.90s and 145.20s
i dont care much for exact numbers
but if we break under that area then we will prob reach the lows again
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  • #177,383
  • May 14, 2009 11:21pm May 14, 2009 11:21pm
Quoting forexlion
unless april month close of 146.33 is taken out, there is no reason to buy, despite the PA
On what basis did you place a buy then, on your chart ?
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  • #177,384
  • May 14, 2009 11:35pm May 14, 2009 11:35pm
Quoting GodfreyH
On what basis did you place a buy then, on your chart ?
that was a tiny 0.01 lot, on a mini ibfx account, not a big deal.

i have been however selling till 145.25

my bias is totally dependent on which side of day open are we,

 

  1. if below day open then i concentrate on selling
  2. if above day open then i concentrate on buying.

and with gj this always works,

  • #177,385
  • May 14, 2009 11:37pm May 14, 2009 11:37pm
Quoting forexlion
that was a tiny 0.01 lot, on a mini ibfx account, not a big deal.

i have been however selling till 145.25

HEY,
whats the capital required to open IBFX account.

Thanks
Markets are not Random, they are designed!
  • #177,386
  • May 14, 2009 11:41pm May 14, 2009 11:41pm
Quoting Raza
HEY,
whats the capital required to open IBFX account.

Thanks
ibfx mini account is $250 and 0.01 lot is 1 cent per pip

but during account signup unless you tell them you are a millionaire like i did, its impossible to join.

and if you tell them you do not have a job, then forget opening an account there
  • #177,387
  • May 14, 2009 11:41pm May 14, 2009 11:41pm
From 8th May, no more hedging with IBFX
  • #177,388
  • May 14, 2009 11:41pm May 14, 2009 11:41pm
Quoting forexlion
..
Hi Forexlion, where did you get this indicator showing the amount of buyers and sellers?
  • #177,389
  • May 14, 2009 11:43pm May 14, 2009 11:43pm
Quoting forexlion
ibfx mini account is $250 and 0.01 lot is 1 cent per pip

but during account signup unless you tell them you are a millionaire like i did, its impossible to join.

Thanks

But i mean regular..account... not the mini.. dont you have to provide some sort of document to show you are a miilionaire??
Markets are not Random, they are designed!
  • #177,390
  • May 14, 2009 11:44pm May 14, 2009 11:44pm
Quoting forexlion
ibfx mini account is $250 and 0.01 lot is 1 cent per pip

but during account signup unless you tell them you are a millionaire like i did, its impossible to join.

and if you tell them you do not have a job, then forget opening an account there
but the best thing with them is that their data feed is close to esignal as mal said.
  • #177,391
  • May 14, 2009 11:44pm May 14, 2009 11:44pm
The arrows give an indication of where Cable may go, if 30 min bar closes above or below these levels.
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  • #177,392
  • May 14, 2009 11:45pm May 14, 2009 11:45pm
forexlion, just curious. how much do you earn trading every day that u trade?
  • #177,393
  • May 14, 2009 11:47pm May 14, 2009 11:47pm
Quoting hwsv07
forexlion, just curious. how much do you earn trading every day that u trade?
Good question be how much one loose every day?
Markets are not Random, they are designed!
  • #177,394
  • May 14, 2009 11:49pm May 14, 2009 11:49pm
if gj does not get a minor support here then its done for.
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  • #177,395
  • Edited 11:55pm May 14, 2009 11:49pm | Edited 11:55pm
Quoting ns_karthik
dont understand what made u guys think that we are going down??? have been loading longs on all dips...
That is the different between my style n yours...now maybe u can think of what is the price atm... 144.759..mmm..I no need to mentioned how is my entry this early asian session....
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  • #177,396
  • May 14, 2009 11:50pm May 14, 2009 11:50pm
Quoting hwsv07
forexlion, just curious. how much do you earn trading every day that u trade?
my daily money in bank is above $1K if that is your question.
  • #177,397
  • May 14, 2009 11:51pm May 14, 2009 11:51pm
we might see some consolidation around here as this area was previous support/resistance and now support again

a break of this and we should reach 144.50s
then a move up from there is possible but watching action around that level is better coz if we break that then we could easily test 143.50s
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  • #177,398
  • May 14, 2009 11:53pm May 14, 2009 11:53pm
Quoting grashid
That is the different between my style n yours...now maybe u can think of what is the price atm... 144.759..mmm..I no need to mentioned how is my entry this early asian session....
problem with murrey lines is that they cannot be relied on

for example, just open murrey lines on a 5 min chart, and when there is a strong trend, all of a sudden the whole thing operns up showing altogether different S/R, which may or may not reach.

plus, on every time frame murrey lines draw differently, so you are totally confused what to do.
  • #177,399
  • May 14, 2009 11:53pm May 14, 2009 11:53pm
you guyz are still strangling each other this early morning..Good morning all....
Imanuel Parsifal
  • #177,400
  • May 15, 2009 12:03am May 15, 2009 12:03am
Quoting forexlion
problem with murrey lines is that they cannot be relied on

for example, just open murrey lines on a 5 min chart, and when there is a strong trend, all of a sudden the whole thing operns up showing altogether different S/R, which may or may not reach.

plus, on every time frame murrey lines draw differently, so you are totally confused what to do.
Usually am only use this MM on H4/H1 only as lower TF look like got some false error..maybe mine indi of the MM scrip calculation or what not sure...but not really interested using that for lower TF...only seeing that for OB/OS in Higher TF...already use this for more than 2 year..but am still back to use my love fib method + stoc...
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