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

  • #178,881
  • May 22, 2009 9:23am May 22, 2009 9:23am
Quoting Iphonetrader
I do not judge others and i am not saying you looking for accounts to manage, all i am getting it that best to stick to what is on the thread, talk trading and set ups.
i definately not looking for manage account here.. ahaha.. ok let get back to business.. looking @ daily, i don't think any possibilities to long until breakout. remember 197?
  • #178,882
  • May 22, 2009 9:26am May 22, 2009 9:26am
Quoting Geppyg
Hi Malcomb,

I have a question.....why do most trader talk about profit taking Fridays is there some kind o stratergy that you adhere to?

Thanks
Geppy G
not really sure to tell you the truth

maybe something to do with not wanting to hold over the weekend and having a clean slate on 1st trading day of the week
Blogging daily now at www.volume.zone
  • #178,883
  • May 22, 2009 9:28am May 22, 2009 9:28am
Quoting Geppyg
Hi Malcomb,

I have a question.....why do most trader talk about profit taking Fridays is there some kind o stratergy that you adhere to?

Thanks
Geppy G
i would like to ask for your permission malcomb to answer this question..
  • #178,884
  • May 22, 2009 9:29am May 22, 2009 9:29am
Quoting malcolmb14
not really sure to tell you the truth

maybe something to do with not wanting to hold over the weekend and having a clean slate on 1st trading day of the week
Thanks....for that.....Tried to search but the only thing I could find is similar to what you have said.........

What a week.unbelievable.........
Let Price determine your future!
  • #178,885
  • May 22, 2009 9:33am May 22, 2009 9:33am
Quoting A-speculator
i would like to ask for your permission malcomb to answer this question..
I just want to understand as an example why this would not happen on weeks like this were cable has gone upto 800 pips and we saw one massive drop an then recovery within one hour.does that mean that if you missed that golden hour......profit taking is done.....?????
Let Price determine your future!
  • #178,886
  • May 22, 2009 9:40am May 22, 2009 9:40am
Quoting A-speculator
what's your problem? can i win money if i reach 1000 post?
it's lunch time and the BS does'nt get a break,am begining to consider this part of BOE,BOJ,FEDS intervention plan..fix some bugs in the forum..and b/4 you look at your platform..oh!!!what a tsunami...
Imanuel Parsifal
  • #178,887
  • May 22, 2009 9:41am May 22, 2009 9:41am
Quoting Geppyg
I just want to understand as an example why this would not happen on weeks like this were cable has gone upto 800 pips and we saw one massive drop an then recovery within one hour.does that mean that if you missed that golden hour......profit taking is done.....?????
hi & welcome. ok let me explain to you how swinger trade their strategy. all these trader always like to have some control in the market so that in case anything bad happen, they can do some action to their pos so they come up with this so called 5 days strategy. they will always take out their pos b4 the market closed (so this will be on friday, at most before the us market close). Hope this helps.
  • #178,888
  • May 22, 2009 9:41am May 22, 2009 9:41am
Quoting malcolmb14
not really sure to tell you the truth

maybe something to do with not wanting to hold over the weekend and having a clean slate on 1st trading day of the week
Adding to the above correct statement:

It means they are locking in their profits, taking money of the table.

Normally gets referred to in a "borring" bull market when the market moves up slowly and then "they take profit" - ie the market "corrects" and then start the next leg up...
  • #178,889
  • May 22, 2009 9:47am May 22, 2009 9:47am
Quoting sycho
it's lunch time and the BS does'nt get a break,am begining to consider this part of BOE,BOJ,FEDS intervention plan..fix some bugs in the forum..and b/4 you look at your platform..oh!!!what a tsunami...
ahaha.. "some wrong answer lead to the correct one"- Dr. House M.D.
  • #178,890
  • May 22, 2009 9:49am May 22, 2009 9:49am
Quoting msniper
easy pips with EJ now

bullish closed at 4h chart

long at 131.50

target is 133.40

EU will support EJ since its targeting 1.4700

UJ might go up once it close above 94.20 in 1h chart

might keep my trades open during weekend if EJ closed above 132 on daily


guys who took the trade with me we have bearish harmonic pattern the funny thing the rejection point is equal to my target 133.40

so we should close before that number and buy again cheaper
Attached Image
  • #178,891
  • May 22, 2009 9:52am May 22, 2009 9:52am
Quoting sycho
it's lunch time and the BS does'nt get a break,am begining to consider this part of BOE,BOJ,FEDS intervention plan..fix some bugs in the forum..and b/4 you look at your platform..oh!!!what a tsunami...

u too get mouth
MY OPINION NOT FINANCIAL ADVISE
  • #178,892
  • May 22, 2009 9:55am May 22, 2009 9:55am
Quoting msniper
guys who took the trade with me we have bearish harmonic pattern the funny thing the rejection point is equal to my target 133.40

so we should close before that number and buy again cheaper

Thank you for posting charts in the past 3 hours you are the only person who has posted any. This thread is to share ideas lets get back to that.
  • #178,893
  • May 22, 2009 9:57am May 22, 2009 9:57am
Finally seems that GY has broken out taking a small long here for 50 pips an then will close my trade.....
Long at 150.15 My stop is at 149.80 and Target is 150.65
Let Price determine your future!
  • #178,894
  • May 22, 2009 10:03am May 22, 2009 10:03am
Quoting PipTreidar
Thank you for posting charts in the past 3 hours you are the only person who has posted any. This thread is to share ideas lets get back to that.
u welcome
  • #178,895
  • May 22, 2009 10:10am May 22, 2009 10:10am
Quoting Geppyg
Finally seems that GY has broken out taking a small long here for 50 pips an then will close my trade.....
Long at 150.15 My stop is at 149.80 and Target is 150.65
watch out bro..volume shows heavy selling at that level...mm are all in for sell...
Attached Image (click to enlarge)
Click to Enlarge Name: gb.gif Size: 38 KB
Imanuel Parsifal
  • #178,896
  • May 22, 2009 10:13am May 22, 2009 10:13am
oh, can anyone say me what the price is now? , oh guys seems some of our friends most throw away their strategy
Making money not by predicting just by following ...
  • #178,897
  • May 22, 2009 10:27am May 22, 2009 10:27am
Quoting sycho
watch out bro..volume shows heavy selling at that level...mm are all in for sell...
does mm stand for money managers, or market manipulation
  • #178,898
  • May 22, 2009 10:33am May 22, 2009 10:33am
Quoting Geppyg
Finally seems that GY has broken out taking a small long here for 50 pips an then will close my trade.....
Long at 150.15 My stop is at 149.80 and Target is 150.65
+40 pips at present who whoooooo
Let Price determine your future!
  • #178,899
  • May 22, 2009 10:34am May 22, 2009 10:34am
5 min chart we have a nice down candle on a large increase in volume, could be the top for the short term.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Volume 2.jpg Size: 160 KB
  • #178,900
  • May 22, 2009 10:35am May 22, 2009 10:35am
seems i'm the only one here that enjoying this upward moves, are you eyes locked on the screen and praying to god? ,i hope not, any body on short or long?
Making money not by predicting just by following ...
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