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

  • #182,801
  • Jun 22, 2009 7:22am Jun 22, 2009 7:22am
Quoting GreySkull
Hi Pirin, Yes, i agree that Scalping is gambling, we need to guess a move with some leads from some leading indicators. But what is right time frame to scalp the GJ or GU . Some say 5mins..pls advise..
Malcolmb's posts will tell you everything you need to know. Trading 5min in direction of 15min is one way I remember him describing. Too tricky for me, good luck!
  • #182,802
  • Jun 22, 2009 7:24am Jun 22, 2009 7:24am
Quoting GreySkull
Hi Pirin, Yes, i agree that Scalping is gambling, we need to guess a move with some leads from some leading indicators. But what is right time frame to scalp the GJ or GU . Some say 5mins..pls advise..

what ever...gambling or casino forex is risky...which ever way scalp can turn to intra-day or swing..the beginning is not the end so it will depend how u trade..
MY OPINION NOT FINANCIAL ADVISE
  • #182,803
  • Jun 22, 2009 7:37am Jun 22, 2009 7:37am
I think that Downtrend is the main trend of EUR and GBP this week. I have put a sell order for gbpjpy @ 157.70 and also put TP @ 155.70. I hope it may hit at the next day.

Pham.
  • #182,804
  • Jun 22, 2009 8:10am Jun 22, 2009 8:10am
Quoting Pirin
Scalping is gambling. GBP is on the cross-road, I expect a drop to 155 and then i might think about buying, but if it shoots up, it's going to be a rally, probably 180 in the next 2 months.
Every trade I enter is a gamble even with the expert opinion on this forum.
If I see an opportunity for some green pips I take it.
  • #182,805
  • Jun 22, 2009 8:32am Jun 22, 2009 8:32am
Quoting forexchequer
Every trade I enter is a gamble even with the expert opinion on this forum.
If I see an opportunity for some green pips I take it.


lol.....scalp is very dangerous if ur sl is more than ur target because it might go against your direction..base on my system for my trading method i can use 5min to scalp ..i have don it today and check at my previous post it work ..
hmm expert opinion in this forum is damn to risky..anyone can be wrong so follow ur chart and trade ur analysis ur acc will grow..
MY OPINION NOT FINANCIAL ADVISE
  • #182,806
  • Jun 22, 2009 8:36am Jun 22, 2009 8:36am
please trade with care ( specially shoters) , this moves Smels nasty, like engineering moves !!
Making money not by predicting just by following ...
  • #182,807
  • Jun 22, 2009 8:44am Jun 22, 2009 8:44am
they may squeezed prices down to manipulate the market, my eyes on 156.50 .
160.2x is still available. (i'm ready for other situations too)
Making money not by predicting just by following ...
  • #182,808
  • Jun 22, 2009 8:48am Jun 22, 2009 8:48am
the shorters who gone short on 157.36 , are now in profits , keep your eyes on prices action, move your SL to 158.20 .
Making money not by predicting just by following ...
  • #182,809
  • Jun 22, 2009 9:03am Jun 22, 2009 9:03am
Quoting gl4di4t0r
the shorters who gone short on 157.36 , are now in profits , keep your eyes on prices action, move your SL to 158.20 .
are you holding a short or are you looking for a bounce (if so when do you consider going long)?
  • #182,810
  • Jun 22, 2009 9:06am Jun 22, 2009 9:06am
Quoting rgitt05
Today seem to be a trending day..
Hi Rgitt05,
could you tell us please how do you determin a potencial trending day ?
Thanks in advance.
Regards
Rem
  • #182,811
  • Jun 22, 2009 9:10am Jun 22, 2009 9:10am
http://s58.radikal.ru/i160/0906/fe/38fb6d1b78cb.gif
06/20/09, 06/21/09
  • #182,812
  • Jun 22, 2009 9:18am Jun 22, 2009 9:18am
Quoting Pirin
Scalping is gambling. GBP is on the cross-road, I expect a drop to 155 and then i might think about buying, but if it shoots up, it's going to be a rally, probably 180 in the next 2 months.
the guys who able to make me smile when he posting something....
  • #182,813
  • Jun 22, 2009 9:23am Jun 22, 2009 9:23am
Quoting uksnowman
are you holding a short or are you looking for a bounce (if so when do you consider going long)?
no no, i'm not shorting , i'm looking for upside , by now a buy stop at 158.20 , SL @ 156.70.
Making money not by predicting just by following ...
  • #182,814
  • Jun 22, 2009 9:31am Jun 22, 2009 9:31am
IMHO.

I looked at the overall trend of the 1hr and 4 hr chart..( both trending downward). Today have no big economic news to change the direction of the PA toward the 155.00 support zone...DJ,S&P may cause another wave of selling later so I would sell all rallies on GJ

Trade your charts

Trend is your friend..





Quoting rem
Hi Rgitt05,
could you tell us please how do you determin a potencial trending day ?
Thanks in advance.
Regards
Rem
[
  • #182,815
  • Jun 22, 2009 10:05am Jun 22, 2009 10:05am
I attach MA_of_RSX to my chart,and it works perfectly alright for some couples of hour,then dissappear.I tried to attach again,but it show blanked on my chart.
Pls what is wrong,how do i rectify the fault pleaseeee.
Your candid assistance is needed.
Thanks.
  • #182,816
  • Jun 22, 2009 10:18am Jun 22, 2009 10:18am
Wilmartfx,
I downloaded the MA_of RSX_Refreshed Fixed version by Andrew Vu which is somewhere in the attachments and have never had a problem.
  • #182,817
  • Jun 22, 2009 10:18am Jun 22, 2009 10:18am
Quoting gl4di4t0r
no no, i'm not shorting , i'm looking for upside , by now a buy stop at 158.20 , SL @ 156.70.
Thanks. I'm out of the market for the moment, waiting for a good opportunity.
  • #182,818
  • Jun 22, 2009 10:27am Jun 22, 2009 10:27am
Hi,

My target for GJ this week is 155.xx. The downtrend is strong as the FA said.

Pham.
  • #182,819
  • Jun 22, 2009 10:28am Jun 22, 2009 10:28am
Thanks,i will look for that in the attachment clip.
Quoting fxgrnwise
Wilmartfx,
I downloaded the MA_of RSX_Refreshed Fixed version by Andrew Vu which is somewhere in the attachments and have never had a problem.
  • #182,820
  • Jun 22, 2009 10:37am Jun 22, 2009 10:37am
Quoting DubaiFX
Anyways bro i sold 158.12 stop 158.90
target 156.70

lets see what happens.
just closed at 156.80
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