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

  • #177,901
  • May 18, 2009 7:47am May 18, 2009 7:47am
Quoting ewokuk
me. i have developed a nasty habit of going the opposite way just at the wrong time.
I found the holy grail for this bad habit, just switch your buy and sell buttons, it worked for me lol

are you day trading or swing? if day trading go for downside for quick scalp and always establish you r:r prior to entry or at open of the three mkts. think like the pros ie which way is less risky. plan your trade prior to entry and there won't be anymore bleedings.
  • #177,902
  • May 18, 2009 7:47am May 18, 2009 7:47am
Quoting gl4di4t0r
see this daily, if we assume it's wave 2 that just completed (61.8% retrace can bea confirmation), we gonna to catch big wave 3.
beware that it's elliot analysis and so it's may false may true , then take this with care.

lucky guys
Is your count off? Doesn't elliot have 5 legs up and then an ABC correction. Seems like a short wave 5 then a long, what should be A leg.
Not an expert on Elliot by any means , just asking
  • #177,903
  • Edited 11:16am May 18, 2009 9:06am | Edited 11:16am
I was thinking similar. Although Elliot Waves are discretionary like most other things.

Quoting currencyexch
Is your count off? Doesn't elliot have 5 legs up and then an ABC correction. Seems like a short wave 5 then a long, what should be A leg.
Not an expert on Elliot by any means , just asking
Attached Image (click to enlarge)
Click to Enlarge Name: aliasgjwaveb.gif Size: 20 KB
  • #177,904
  • May 18, 2009 11:10am May 18, 2009 11:10am
Quoting JhonMonsalve
If this daily candle close just like that, bulls are in charge, is forming a bullish engulfing

Attachment
I'm 100% with you. Price action is where it's at. I use my indicators no doubt, but why fight the inevitable? I've been flat all day in the GPBJPY. Short term indicators said go long 260 pips ago, but I'll wait for the market to come to me. Helps also when you trade 30+ pairs. There's always a setup hsomewhere, but G/J has always been a favorite of mine.
Every time you use 'hopium' in a post, God kills a kitten.
  • #177,905
  • May 18, 2009 11:18am May 18, 2009 11:18am
My charts have the 147.20 area and 150.90 area as the next resistance areas. Next support @ 143.37. Will be interesting to see if 147.20 gets breached. It's a long way up until the next train stops. I'm hesitant about getting long right now, and will wait until we see definite action around this point to continue. Will short from 144.80 and will go long on a definite break of the 147.20 region.
Every time you use 'hopium' in a post, God kills a kitten.
  • #177,906
  • May 18, 2009 11:23am May 18, 2009 11:23am
Quoting naatha
GodfreicH - What Do you see?
http://s45.radikal.ru/i107/0905/0f/99601e5c77dc.gif
http://s46.radikal.ru/i112/0905/8e/3acd7449e714.jpg
  • #177,907
  • May 18, 2009 11:31am May 18, 2009 11:31am
Quoting Vanhook2
I only have 2 things to say.

1) Wow, nice, very nice.

2) Thank you for sharing this. Great work!
Incidentally, the current version of the RSI BAR indicator doesn't auto-refresh. , wot, did y'all think it would be so easy.

Just kidding, still a work in progress.
  • #177,908
  • May 18, 2009 11:36am May 18, 2009 11:36am
Quoting GodfreyH
Incidentally, the current version of the RSI BAR indicator doesn't auto-refresh. , wot, did y'all think it would be so easy.

Just kidding, still a work in progress.

, you devil
I trade what I see on my charts. Do Not listen to the Muppets.
  • #177,909
  • May 18, 2009 11:37am May 18, 2009 11:37am
I need to wait GJ to reach 148.77 before take any action to open sell position from that price.......if break that price then 151.52 is possible to reach in this week.......
  • #177,910
  • May 18, 2009 11:50am May 18, 2009 11:50am
If further up I see 147.90 (61.8% fib) 1st TP.
Next TP 149.00 (76.4%)
Attached Image (click to enlarge)
Click to Enlarge Name: gjgj.gif Size: 13 KB
  • #177,911
  • May 18, 2009 11:58am May 18, 2009 11:58am
Quoting forexlion
added 18 standard lot shorts @ 146.25, c'mon tank baby.
I think a lot of people caught on the retracement.
  • #177,912
  • May 18, 2009 11:59am May 18, 2009 11:59am
Quoting Estero
I found the holy grail for this bad habit, just switch your buy and sell buttons, it worked for me lol

are you day trading or swing? if day trading go for downside for quick scalp and always establish you r:r prior to entry or at open of the three mkts. think like the pros ie which way is less risky. plan your trade prior to entry and there won't be anymore bleedings.
day trading mainly. i missed the big move up this morning while on the train to work. sat there all day watching it move sideways with lots of doji's all over it in a 30 pip range, now on the train home i miss another big move up.

right now im stuck without a trade. I wont go long from here when its already done 140 pips more than its average daily range, its too risky going for a short, so I have no trade.
  • #177,913
  • May 18, 2009 12:40pm May 18, 2009 12:40pm
Does not look like this BS rally is over yet.. it will be over when price retraces at least 23%... stuck shorting.. I am with you Forexlion...
Markets are not Random, they are designed!
  • #177,914
  • May 18, 2009 12:42pm May 18, 2009 12:42pm
Next stop I see now is the 151 area.
Every time you use 'hopium' in a post, God kills a kitten.
  • #177,915
  • May 18, 2009 12:47pm May 18, 2009 12:47pm
Also have any of you seen this indicator? I've been trading for 8 years and trading for a fund for the past 3. I'm really amazed with this indictor and maybe it's old hat to some of you (I pulled it from another thread here on FF) and while I"m not using it in my day to day trading, I am beginning to see where it could improve entries and signal continuations and reversals.
Attached File(s)
File Type: mq4 BB_MACD.mq4   4 KB | 434 downloads
Every time you use 'hopium' in a post, God kills a kitten.
  • #177,916
  • May 18, 2009 1:08pm May 18, 2009 1:08pm
Quoting profxtrader
Also have any of you seen this indicator? I've been trading for 8 years and trading for a fund for the past 3. I'm really amazed with this indictor and maybe it's old hat to some of you (I pulled it from another thread here on FF) and while I"m not using it in my day to day trading, I am beginning to see where it could improve entries and signal continuations and reversals.
I just downloaded it. How to use it btw?
Thanks
  • #177,917
  • May 18, 2009 1:21pm May 18, 2009 1:21pm
Quoting profxtrader
Also have any of you seen this indicator? I've been trading for 8 years and trading for a fund for the past 3. I'm really amazed with this indictor and maybe it's old hat to some of you (I pulled it from another thread here on FF) and while I"m not using it in my day to day trading, I am beginning to see where it could improve entries and signal continuations and reversals.

Has the use of the indicator contributed to your profitablity/success?
  • #177,918
  • May 18, 2009 1:27pm May 18, 2009 1:27pm
Quoting maryinvest
I just downloaded it. How to use it btw?
Thanks
The above Indicator was given by "rgitt' a few days ago. He attached a
PDf file on how to use it please go to upper right clip in this thread and
you can download it.I dont know how good it is
Senbanda
  • #177,919
  • May 18, 2009 1:27pm May 18, 2009 1:27pm
Quoting dreed
Has the use of the indicator contributed to your profitablity/success?
This one is older version. I believed someone also posted new version of this indy. Check the attachment, you will see it there. He/she also included *.pdf how to use it.
  • #177,920
  • May 18, 2009 2:13pm May 18, 2009 2:13pm
oh geez, I turn my back for one second and everyone is talking 151. hahahaa.
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