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

  • #177,381
  • May 15, 2009 12:59am May 15, 2009 12:59am
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 15, 2009 1:20am May 15, 2009 1:20am
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 15, 2009 1:21am May 15, 2009 1:21am
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 15, 2009 1:35am May 15, 2009 1:35am
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 15, 2009 1:37am May 15, 2009 1:37am
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 15, 2009 1:41am May 15, 2009 1:41am
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 15, 2009 1:41am May 15, 2009 1:41am
From 8th May, no more hedging with IBFX
  • #177,388
  • May 15, 2009 1:41am May 15, 2009 1:41am
Quoting forexlion
..
Hi Forexlion, where did you get this indicator showing the amount of buyers and sellers?
  • #177,389
  • May 15, 2009 1:43am May 15, 2009 1:43am
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 15, 2009 1:44am May 15, 2009 1:44am
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 15, 2009 1:44am May 15, 2009 1:44am
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 15, 2009 1:45am May 15, 2009 1:45am
forexlion, just curious. how much do you earn trading every day that u trade?
  • #177,393
  • May 15, 2009 1:47am May 15, 2009 1:47am
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 15, 2009 1:49am May 15, 2009 1:49am
if gj does not get a minor support here then its done for.
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  • #177,395
  • Edited 1:55am May 15, 2009 1:49am | Edited 1:55am
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 15, 2009 1:50am May 15, 2009 1:50am
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 15, 2009 1:51am May 15, 2009 1:51am
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 15, 2009 1:53am May 15, 2009 1:53am
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 15, 2009 1:53am May 15, 2009 1:53am
you guyz are still strangling each other this early morning..Good morning all....
Imanuel Parsifal
  • #177,400
  • May 15, 2009 2:03am May 15, 2009 2:03am
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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