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

  • #178,141
  • May 19, 2009 2:50pm May 19, 2009 2:50pm
Quoting sycho
Nice one bro..am just here..been on the receiving end of continues attack on FF,can't login...let's see how she play's out

-I for one appreciate your viewpoints- don't worry about the flak jacket-

Everyone has their own approach and targets so we learn where we can and apply what we find useful-

but we all like to have someone to blame when we lose : - (
  • #178,142
  • May 19, 2009 2:58pm May 19, 2009 2:58pm
Quoting bidie
-I for one appreciate your viewpoints- don't worry about the flak jacket-

Everyone has their own approach and targets so we learn where we can and apply what we find useful-

but we all like to have someone to blame when we lose : - (
I think this forum is supposed to function as a medium for discussion so that new trader can learn to trade wisely. I've been traded G/J for about 4 years and currently i'm holding about 1000++ pips (I'm upped only 80% of my account for this month but I only use +-2% per position from my margin) and I am here to share my viewpoint. So if new trader make a mistakes, let's just assume that is how the system works, by trial and error. Regards.
  • #178,143
  • May 19, 2009 3:05pm May 19, 2009 3:05pm
Think I saw a wedge formation is forming in 1hr. Expecting a retrace, hopefully to 147.85..
  • #178,144
  • May 19, 2009 4:01pm May 19, 2009 4:01pm
Cable: 4hr chart

Yes, yes, I know, we are in an uptrend, but scalping with tight stop, may turn out to be more than a scalp.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #178,145
  • May 19, 2009 4:28pm May 19, 2009 4:28pm
Quoting GodfreyH
Cable: 4hr chart

Yes, yes, I know, we are in an uptrend, but scalping with tight stop, may turn out to be more than a scalp.

G sent u a PM
"Millionaires don't use astrology, billionaires do"
  • #178,146
  • May 19, 2009 4:40pm May 19, 2009 4:40pm
Quoting OrionsWay
G sent u a PM
, Thanks.
  • #178,147
  • May 19, 2009 4:50pm May 19, 2009 4:50pm
My Trading server is down...can some one please post price ATM.

Thanks.
Markets are not Random, they are designed!
  • #178,148
  • May 19, 2009 4:53pm May 19, 2009 4:53pm
Quoting Raza
My Trading server is down...can some one please post price ATM.

Thanks.
148.53 (bid)
  • #178,149
  • May 19, 2009 4:53pm May 19, 2009 4:53pm
148.50ish
  • #178,150
  • May 19, 2009 5:05pm May 19, 2009 5:05pm
Quoting malcolmb14
thing about VSA is the background ..... we already saw the strength on the stopping volume i mentioned . Then I got a little move up and then the low volume test of 148ish , perfect set up for my long i was looking for.

we cannot really get upthrust close to a pivot low , upthrusts are typically at pivot highs . If we get the kind of move you were seeing then look for a no demand bar to follow it. I know what you saw and it was a nice sell set up though , but with the stopping volume on the 5 min prior to the up move I was more long biased off...
i suggest that you reconsider the stopping volume you mentioned because many brokers show that the volume was just average, and please do take a look at H1 chart, using the very basic concept of OHLC there appears to be supply, i'll step aside and just wait 'till i get it clear .. hows your vacation btw?
I recommend you read something else as this sentence is now concluded.
  • #178,151
  • May 19, 2009 5:25pm May 19, 2009 5:25pm
G Np bud hope it sheds some light
"Millionaires don't use astrology, billionaires do"
  • #178,152
  • May 19, 2009 5:26pm May 19, 2009 5:26pm
is that a triangle on the M15 timeframe or am I just fantasizing
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #178,153
  • May 19, 2009 5:27pm May 19, 2009 5:27pm
Well, well.. based on current PA and candle formation, I guess I move my buy limit from 147.85 to 148.45. I'm expecting some drawdown from the position as I think it is a bit early for long.. I'm not suggesting anyone to follow, but I'm hoping some insights.. Tq.
  • #178,154
  • May 19, 2009 5:31pm May 19, 2009 5:31pm
Quoting A-speculator
Well, well.. based on current PA and candle formation, I guess I move my buy limit from 147.85 to 148.45. I'm expecting some drawdown from the position as I think it is a bit early for long.. I'm not suggesting anyone to follow, but I'm hoping some insights.. Tq.
i entered buy position at 148.75 , i think we will not going more downward, stop at 147.75 , with a little chance we are winners
Making money not by predicting just by following ...
  • #178,155
  • May 19, 2009 5:38pm May 19, 2009 5:38pm
a major R on gbpusd is 1.5555, usdjpy going north, so may can predict that asia get gj up and in middle of london we may see a down, if GU break 1.5555 , we we'll break 151.51 today
Making money not by predicting just by following ...
  • #178,156
  • May 19, 2009 5:42pm May 19, 2009 5:42pm
Quoting gl4di4t0r
i entered buy position at 148.75 , i think we will not going more downward, stop at 147.75 , with a little chance we are winners
I cannot afford that price.. it is 30 pips higher from support.. . Anyway, if there is a drawdown, it will be 30pips more.. arghh.. I think I will just leave it as it is @ 148.45..
  • #178,157
  • May 19, 2009 6:01pm May 19, 2009 6:01pm
Quoting A-speculator
I cannot afford that price.. it is 30 pips higher from support.. . Anyway, if there is a drawdown, it will be 30pips more.. arghh.. I think I will just leave it as it is @ 148.45..
, hope our baby goes Up, i'm going to sleep and wow when i'm woke up, what i'm going 2 c? up or down? green or red? god knows

lucky day A-speculator
Making money not by predicting just by following ...
  • #178,158
  • May 19, 2009 6:25pm May 19, 2009 6:25pm
At the mo, we're inching upwards, so I think all will be well....

Regards, kenfen
  • #178,159
  • May 19, 2009 6:29pm May 19, 2009 6:29pm
Quoting Kenfen FX
At the mo, we're inching upwards, so I think all will be well....

Regards, kenfen
And with some terrible JPY GDP data.....off we go (hopefully)
  • #178,160
  • May 19, 2009 6:43pm May 19, 2009 6:43pm
I'm a scalper, so, 24 pips is great for me.... I'm out with a stress free trade.

.78 to .05

Looking for more as time goes on here.... I love this pair so very much! So many opportunities to make money....

Regards, Kenfen
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