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

  • #179,641
  • May 27, 2009 9:03pm May 27, 2009 9:03pm
Come on malcolmb14 you've been in this game long enough to know government is only manipulating the newbies to buy into the fear..



Quoting malcolmb14
I thought BOJ said they would not intervene in the fx market ... liars !!!!

volume last 2 hour uj has been highest it has been in last 48 hours
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  • #179,642
  • May 27, 2009 9:05pm May 27, 2009 9:05pm
Quoting rgitt05
I am mainly focus on GJ,GU..

Focus on GJ and you will be a better trader..

When you are driving, do you look at other traffic lights to make a decision to go or stop...Stay focus on my pair and master it...

Look for the major S/R, TL's for PA reversal or BO..

Thank you,

Yes best to focus these crosses for scalping - but I am not a "complete / full" trader yet and trying to understand uj in context of carry trade (now faded) vs $ weakness, etc. Somehow find this cross the same as EURGBP - technically not very sound to trade.
  • #179,643
  • May 27, 2009 9:09pm May 27, 2009 9:09pm
Quoting malcolmb14
I thought BOJ said they would not intervene in the fx market ... liars !!!!

volume last 2 hour uj has been highest it has been in last 48 hours
of course they will intervene. it is absolutely impossible for japan economy to recover while exports are more than 70% of this country economy and to have U/J below 100.
i have no idea if they will succeed but they sure are going to kill a lot of traders in this process.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #179,644
  • May 27, 2009 9:10pm May 27, 2009 9:10pm
Trade your charts..





Quoting grashid
As H1 just above gann...

I believe you shoudl wait ad yesterday close above 152 and fundemenatally weekly 38.2% @ my UTL should completed first before big drop...

am looking my 153.50 first then 155.50 final target..

This week seem like a take too much rest lol...Good luck
Attached Image (click to enlarge)
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  • #179,645
  • May 27, 2009 9:17pm May 27, 2009 9:17pm
Quoting rgitt05
Trade your charts..

Thanks...
  • #179,646
  • May 27, 2009 9:20pm May 27, 2009 9:20pm
It my long term targets if the bulls PA continues..

IMHO

Trade your charts.

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  • #179,647
  • May 27, 2009 9:31pm May 27, 2009 9:31pm
Quoting rgitt05
I would not focus too much into the Dow future because NY doesn't open for at least 12 hrs...Bias can change after the europe market open...Indicators lagg all the time...PA is the best way to predict the direction..If you look at my charts, I predicted the direction of GJ based on the PA on the S/R,TL's..

Trendline are your friends..

Keep it simple.. Keep focus on the trend and S/R area on Higher TF..

Fundamentals are just " Fun" damentals...The news is used as a market maker to move the market..Fear is the biggest factor in trading..
Humans...
Will trade like a robot... thanks for the info, it's truly appreciated.

I like that Volume indicator you have on your charts... Can you provide it here? so I could utilize the indicator as well.
  • #179,648
  • May 27, 2009 9:43pm May 27, 2009 9:43pm
Quoting rgitt05
It my long term targets if the bulls PA continues..

IMHO

Trade your charts.

Nice charts
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #179,649
  • May 27, 2009 9:45pm May 27, 2009 9:45pm
Make sure to turn off the alert ..It will drive you crazy..



Quoting dreed
Will trade like a robot... thanks for the info, it's truly appreciated.

I like that Volume indicator you have on your charts... Can you provide it here? so I could utilize the indicator as well.
Attached File(s)
File Type: mq4 Waddah_Attar_Explosion.mq4   8 KB | 259 downloads
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  • #179,650
  • May 27, 2009 9:45pm May 27, 2009 9:45pm
Quoting dreed
Will trade like a robot... thanks for the info, it's truly appreciated.

I like that Volume indicator you have on your charts... Can you provide it here? so I could utilize the indicator as well.
I've recently stopped speculation of price and huge targets. I am just trading from a 15min chart and take 20-50pip over and over, thats the best!
prepare for worst & expect the best
  • #179,651
  • May 27, 2009 9:50pm May 27, 2009 9:50pm
If you think about it.. Let say you are able to get 30pips X 5 trades= 150 pips

Now if you trade two or three pairs targeting 30 pips each trade...

Your account will compound real fast..

I did this in the past when I was focusing building my account margin..



One pip at a time..



Quoting tony_dtrader
I've recently stopped speculation of price and huge targets. I am just trading from a 15min chart and take 20-50pip over and over, thats the best!
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  • #179,652
  • May 27, 2009 9:57pm May 27, 2009 9:57pm
Quoting rgitt05
If you think about it.. Let say you are able to get 30pips X 5 trades= 150 pips

Now if you trade two or three pairs targeting 30 pips each trade...

Your account will compound real fast..

I did this in the past when I was focusing building my account margin..



One pip at a time..
Actually, my main focus is the pair eur/jpy , 20 pip target x 5 is my daily goal. So far Ive hit 2 targets of 20pips on the Tokyo session. 3 more to go.

But, sometimes i also shift my focus into gbpjpy only for high probability trades, cuz my fxdd broker has really nasty spread of 9pip for the pound-yen.

Yup, you read my mind, im trying to compound and building my account margin. Im focusing on turnin it to 100,000$ . Then switch to 5-10% trade size, will be happy with makin 40-80% gains a month of 100k
prepare for worst & expect the best
  • #179,653
  • May 27, 2009 10:02pm May 27, 2009 10:02pm
It shouldn't take long if you use good MM and cut your loss..

Compounding is the key..

Good Luck



Quoting tony_dtrader
Actually, my main focus is the pair eur/jpy , 20 pip target x 5 is my daily goal. So far Ive hit 2 targets of 20pips on the Tokyo session. 3 more to go.

But, sometimes i also shift my focus into gbpjpy only for high probability trades, cuz my fxdd broker has really nasty spread of 9pip for the pound-yen.

Yup, you read my mind, im trying to compound and building my account margin. Im focusing on turnin it to 100,000$ . Then switch to 5-10% trade size, will be happy with makin 40-80% gains a month of 100k
[
  • #179,654
  • May 27, 2009 10:18pm May 27, 2009 10:18pm
Quoting rgitt05
It shouldn't take long if you use good MM and cut your loss..

Compounding is the key..

Good Luck

Thanks, your an inspirational guy.
prepare for worst & expect the best
  • #179,655
  • May 27, 2009 10:21pm May 27, 2009 10:21pm
Atm it looks like a ping pong PA inside the trendline..
I am scalping inside this trend...
BO is limited until London opens later..

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  • #179,656
  • May 27, 2009 10:28pm May 27, 2009 10:28pm
H 4 QQE Still holding above 50

CCI 20 has not broken previouse low

buy on dips

My longs 150.25 and 150.45
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  • #179,657
  • May 27, 2009 10:38pm May 27, 2009 10:38pm
went up early Asian session, going down at the moment, 15min chart. London open might change things though.

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prepare for worst & expect the best
  • #179,658
  • May 27, 2009 11:02pm May 27, 2009 11:02pm
Quoting tony_dtrader
I've recently stopped speculation of price and huge targets. I am just trading from a 15min chart and take 20-50pip over and over, thats the best!

Awesome, and with this pair, thats a reasonable amount of pips to gather using the 15 min time Frame... thanks for the Tip.
  • #179,659
  • May 27, 2009 11:07pm May 27, 2009 11:07pm
Quoting rgitt05
Make sure to turn off the alert ..It will drive you crazy..


Thank you very much... Yes, i will turn off the Alert feature. (thxs for the heads up).
  • #179,660
  • May 27, 2009 11:18pm May 27, 2009 11:18pm
Quoting forex3e
Patterns - Channel - within your Triangle

..

Bingo take profit time .. run up from 14955<>15350 .. ciao
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