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

  • #177,621
  • May 17, 2009 11:51am May 17, 2009 11:51am
Quoting Naijafx
Hello GY traders

I just wanted to drop a hint on GBPJPY and my analysis is simple and clear

a. the trend is bearsih, the main bearish swing have i highlighted with the two horizontal lines 181.29 to 139.07, and we got a pull back at 61.8 fib retracement, in such scenarion, price normally needs to move to 1.618 fib extension to complete abcd but price was rejected at 127 fib eextension creating a crown(head and shoulder)


[size=3][font=Calibri]b....
nice one bro...you just got yourself a1st class ticket bro..welcome to flight gbp/jpy 130-118below..flight captain:Captain Sycho
Imanuel Parsifal
  • #177,622
  • May 17, 2009 11:51am May 17, 2009 11:51am
[quote=cohiba pips;2739001]
Quoting Petefaders
139. is the next stop, and we will see it this week.

I dont totally agree peter if the daily ltl holds i can see us at 160 maybe higher to finsh the 50% retrace from 200ish fib if we break the ltl then theres a possiblitly we make a new low - have fun and we shall see very shortly i suppose
160? lol i see nothing like that on my chart so becareful and dont buy this queen hoping u will get such tp....
i can be wrong but this is my view
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 21 KB
MY OPINION NOT FINANCIAL ADVISE
  • #177,623
  • May 17, 2009 11:58am May 17, 2009 11:58am
Keep it simple.. I made some great swing trades off the major trendlines..

If the 141.50 zone for me is my confirmation the bullish trend is over..

It better to observe the PA on daily charts..As you said in your post the PA tested the 143.50 area several times and the PA held up..It is due for retracement..



Quoting ewokuk
i agree with this. too many people forget we are in an uptrend until that trendline is broken, and it hasnt been, its bounced off it pretty much 3 times now, once thursday, twice friday. the drop late friday was probably more down to risk aversion closing longs before the weekend than anything else. Of course if its broken then clearly the trend has changed and 139 is probably likely, until then im looking up not down.
[
  • #177,624
  • May 17, 2009 12:07pm May 17, 2009 12:07pm
The good ol' days of shorting the crap out of G/J are back...soon you will see...you will all see! HAHAAAA
http://i42.tinypic.com/34qvh3l.jpg
This is my chart from Feb. 8th, it played out..time for the next leg down. It's a down trend.
  • #177,625
  • May 17, 2009 12:11pm May 17, 2009 12:11pm
I hope you are not overleveraging your account..It is called margin call..No more hedging.

If I want to short GJ for major swing, I prefer a higher level..

Good Luck..




Quoting Petefaders
The good ol' days of shorting the crap out of G/J are back...soon you will see...you will all see! HAHAAAA
http://i42.tinypic.com/34qvh3l.jpg
This is my chart from Feb. 8th, it played out..time for the next leg down. It's a down trend.
[
  • #177,626
  • May 17, 2009 12:26pm May 17, 2009 12:26pm
Quoting rgitt05
I hope you are not overleveraging your account..It is called margin call..No more hedging.

If I want to short GJ for major swing, I prefer a higher level..

Good Luck..

nice word bro....
  • #177,627
  • May 17, 2009 12:26pm May 17, 2009 12:26pm
Quoting rgitt05
I hope you are not overleveraging your account..It is called margin call..No more hedging.

If I want to short GJ for major swing, I prefer a higher level..

Good Luck..

U are very funny...a trader loading gj with sl will get margin call, is that possible..
MY OPINION NOT FINANCIAL ADVISE
  • #177,628
  • May 17, 2009 12:30pm May 17, 2009 12:30pm
Quoting rgitt05
I hope you are not overleveraging your account..It is called margin call..No more hedging.

If I want to short GJ for major swing, I prefer a higher level..

Good Luck..

no way, I dont risk more than 3% at once..I'm being a bit dramatic to make a point.
  • #177,629
  • May 17, 2009 12:31pm May 17, 2009 12:31pm
Quoting warta
hello guys , sycho hello bro how are u hope u had a verry nice weekend
am good bro,weekend was great,just waiting to get pregnant this week with enough pips...hope your's was great...
Imanuel Parsifal
  • #177,630
  • May 17, 2009 12:34pm May 17, 2009 12:34pm
Quoting donfriday
U are very funny...a trader loading gj with sl will get margin call, is that possible..
not really bro,just that no more hegding to protect you bad trades
Imanuel Parsifal
  • #177,631
  • May 17, 2009 12:36pm May 17, 2009 12:36pm
It is possible to get margin call if you overleverage with SL...

Depending on the risk and how big risk of the SL..

95% of forex traders blown several accounts..I think that is enough evidence that margin call with SL if it is not calculated right..



Quoting donfriday
U are very funny...a trader loading gj with sl will get margin call, is that possible..
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  • #177,632
  • May 17, 2009 2:08pm May 17, 2009 2:08pm
Hey all,
Is there a way to save the chart tab currency order in metatrader? I've dragged them to the order I want and saved my profile but when I open the profile again the currencies tabs are in a different order.
thanks,
Attached Image
Without a trade plan, say bye bye to your account & hello to frustration.
  • #177,633
  • May 17, 2009 2:19pm May 17, 2009 2:19pm
Quoting PipinStein
Hey all,
Is there a way to save the chart tab currency order in metatrader? I've dragged them to the order I want and saved my profile but when I open the profile again the currencies tabs are in a different order.
thanks,
Attachment

when u open ur platform do not run as administrator... double click on ur platform u should have same profile on ur screen.
MY OPINION NOT FINANCIAL ADVISE
  • #177,634
  • May 17, 2009 2:23pm May 17, 2009 2:23pm
A big hallo to all.

There is a thing with stop losses that i don't like. The fact that you get to loss money having made a bad decision just makes it funnier. If you trade trends you stand less chance of losing any money. You might have a trade move 200pips against you and 400 in your direction. So the whole point here is make sure that you are trading in the right wave of trend. like now we're in the short wave and mind you from 150.xx we have had slight retracements but with the trend short we are now at 144.xx and am banking on it moving to 139.xx this week hopefully by Wednesday depending on news releases.

Bottom line stop loss is for the weak in my view and why use one if you have used a potion of your total equity.
I know malcolmb is with me on this.

Other than that Cheers with all your trades know one other thing ''there is nothing like a bad trade, only bad traders''.
When nothing goes right... go left.
  • #177,635
  • May 17, 2009 2:25pm May 17, 2009 2:25pm
whats with the sudden plunge with the GY.
When nothing goes right... go left.
  • #177,636
  • May 17, 2009 2:29pm May 17, 2009 2:29pm
Quoting mtajazz
whats with the sudden plunge with the GY.
Look at the chart I posted above. The retracment is over...down she goes. She will break 100 this year, that whole global recession thing.
  • #177,637
  • May 17, 2009 2:30pm May 17, 2009 2:30pm
[quote=donfriday;2739024]
Quoting cohiba pips

160? lol i see nothing like that on my chart so becareful and dont buy this queen hoping u will get such tp....
i can be wrong but this is my view
LOL the only joke around here is you in my honest opinion you say you see nothing like that on your chart ( well done ) pls tell me what your seeing petefaders rgitt05 and lexazver gave their opinions both techinalcally and fundamental and to be honest i agree with them and ill play the market as we go - all you said was I SEE NOTHING LIKE THAT what does that mean, nada nill nothing to NO one - when you post another bs comment on this thread im going to let you know that your wasting my time and others
  • #177,638
  • May 17, 2009 2:32pm May 17, 2009 2:32pm
GJ went down at oanda rite now....143.78
  • #177,639
  • May 17, 2009 2:34pm May 17, 2009 2:34pm
Quoting mtajazz
A big hallo to all.

There is a thing with stop losses that i don't like. The fact that you get to loss money having made a bad decision just makes it funnier. If you trade trends you stand less chance of losing any money. You might have a trade move 200pips against you and 400 in your direction. So the whole point here is make sure that you are trading in the right wave of trend. like now we're in the short wave and mind you from 150.xx we have had slight retracements but with the trend short we are now at 144.xx and am banking on it moving to...
i have heard BS but this is the greatest...bro you deserve an oscar award..actions start ina few hrs bro's keep your fingers crossed,we could see some gap
Imanuel Parsifal
  • #177,640
  • May 17, 2009 2:36pm May 17, 2009 2:36pm
Quoting mamufx
GJ went down at oanda rite now....143.78
you kidding right bro's..coz i swear i owe you pip's if that's true
Imanuel Parsifal
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