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

  • #183,741
  • Jul 3, 2009 8:48am Jul 3, 2009 8:48am
Quoting OrionsWay
the market will touch 157.48 minimum at some point mate
i miss those your messages i hardly understand..
MY OPINION NOT FINANCIAL ADVISE
  • #183,742
  • Jul 3, 2009 9:00am Jul 3, 2009 9:00am
Quoting gurugs
I m holding long since 157.50 what should i do .
having big loss..shall i hold it or square off @ market price.
pls guide me with levels.
thx in advanced.
How are you trading? Intraday? Scalping? Not swing surely?

If less than -100 pips constitutes a big loss, then you are surely trading the wrong vehicle. OR you are trading using the wrong money management.

Take a look at your position size.
  • #183,743
  • Jul 3, 2009 9:12am Jul 3, 2009 9:12am
what is scalping trading??

Quoting ukdaytrader
How are you trading? Intraday? Scalping? Not swing surely?

If less than -100 pips constitutes a big loss, then you are surely trading the wrong vehicle. OR you are trading using the wrong money management.

Take a look at your position size.
  • #183,744
  • Jul 3, 2009 9:30am Jul 3, 2009 9:30am
A sniper or pip hunter originally....
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  • #183,745
  • Edited 10:51am Jul 3, 2009 10:41am | Edited 10:51am
Quoting grashid
how much i earn i no need to share to all (but definetely a lot ) and its not important to me..but the value of knowledge and a good friend sorrounding here is very important to me....all of you are great ....

Grashid,

I would like to say that if you have learnt well and now enjoy good results, then bravo. There are some very good mentors here, those you mentioned have much respect.

I do however, take offense to the manner in which Donfriday presents himself in a condescending manner. His rantings on this thread are the reason many cannot be bothered to post.

If you have come back from a blown account then you are on the 1st step of the learning curve.

Well done.
  • #183,746
  • Jul 3, 2009 11:01am Jul 3, 2009 11:01am
Quoting direct-trade
Grashid,

I would like to say that if you have learnt well and now enjoy good results, then bravo. There are some very good mentors here, those you mentioned have much respect.

I do however, take offense to the manner in which Donfriday presents himself in a condescending manner. His rantings on this thread are the reason many cannot be bothered to post.

If you have come back from a blown account then you are on the 1st step of the learning curve.

Well done.

dont kill cow because of one man it will get wasted....
MY OPINION NOT FINANCIAL ADVISE
  • #183,747
  • Jul 3, 2009 11:23am Jul 3, 2009 11:23am
Quoting direct-trade
Grashid,

I would like to say that if you have learnt well and now enjoy good results, then bravo. There are some very good mentors here, those you mentioned have much respect.

I do however, take offense to the manner in which Donfriday presents himself in a condescending manner. His rantings on this thread are the reason many cannot be bothered to post.

If you have come back from a blown account then you are on the 1st step of the learning curve.

Well done.
DT there are little snippets of pearls in almost every post from everyone for those who seek this, Everyone should take this forum and any forum with grain of salt, its entertainment for duldrum, so we all must sift through the content light hearted. Many pearls within the texts here, much ignorance as well, sift with a cheese cloth, and discard the dross. It just isnt worth putting any thought into things which dont ring true, I am sure Gashid is on the down lo and congrats for that, this isnt easy business.
"Millionaires don't use astrology, billionaires do"
  • #183,748
  • Jul 3, 2009 11:29am Jul 3, 2009 11:29am
Agreed after a 700-800 pips drawdown to my 150.50-151.00 target first on the weekly lower TL..



Quoting OrionsWay
the market will touch 157.48 minimum at some point mate
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  • #183,749
  • Jul 3, 2009 12:58pm Jul 3, 2009 12:58pm
I look for the GBP/JPY and GBP/USD to stay within a 500-600 pips range for then next month or so.

But it doesn't have to range just because I think it will. I will trade whatever the charts give me.
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  • #183,750
  • Jul 4, 2009 10:34am Jul 4, 2009 10:34am
GBP/JPY ON WEEKLY

Good Luck !!!
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  • #183,751
  • Jul 5, 2009 1:07am Jul 5, 2009 1:07am
Quoting gurugs
I m holding long since 157.50 what should i do .
having big loss..shall i hold it or square off @ market price.
pls guide me with levels.
thx in advanced.
Depend on your trading startegy and your margin level. Good Luck
  • #183,752
  • Jul 5, 2009 2:09am Jul 5, 2009 2:09am
PA is bearish after a week consolidation price close below the 157 resistance..
not sure about the gap so will not mention where it should go...
weekly chart need to form 5ths fractal to rise further and we have a sell rally till now.
this are just my expecting for the week and possible we rise from 150 as the major pull back on fibo level...
till now trend is bearish and bias not changes yet, daily showing know decision as price remain inside alligator, 4hrs bearish price below alligator and weekly should make some corrective at 150 on alligator lips..
you can ask question about this if i make mistake..
trade your chart trend is your friend.
wish you all wonderful weekend.
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MY OPINION NOT FINANCIAL ADVISE
  • #183,753
  • Jul 5, 2009 9:49am Jul 5, 2009 9:49am
Quoting donfriday
PA is bearish after a week consolidation price close below the 157 resistance..
not sure about the gap so will not mention where it should go...
weekly chart need to form 5ths fractal to rise further...
Hmm seems you are a fan of Bill William's profitunity?
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  • #183,754
  • Jul 5, 2009 4:16pm Jul 5, 2009 4:16pm
I hr chart WEDGE.
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Markets are not Random, they are designed!
  • #183,755
  • Edited 4:48pm Jul 5, 2009 4:21pm | Edited 4:48pm
Seems like a BACK TO BACK reversal pattern.. lets see how this candle closes today.

IF Bearish..?.. up to touch of a GANN. or 23% retracement..minimum.152xx.
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Markets are not Random, they are designed!
  • #183,756
  • Jul 5, 2009 8:49pm Jul 5, 2009 8:49pm
Next Target http://3.bp.blogspot.com/_k6F43dJdrX...get%2Bsoon.gif
  • #183,757
  • Jul 5, 2009 9:24pm Jul 5, 2009 9:24pm
Can I wear a Bull mask right now?155.29
  • #183,758
  • Edited 10:05pm Jul 5, 2009 9:43pm | Edited 10:05pm
breakin more...I am looking at 154.76 for something suggestive..

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update !h candle close is just fine, let come again @ London open..
  • #183,759
  • Jul 5, 2009 10:33pm Jul 5, 2009 10:33pm
Quoting Dat7447
breakin more...I am looking at 154.76 for something suggestive..

----------
update !h candle close is just fine, let come again @ London open..
Nice Bro...Same Like Me
  • #183,760
  • Jul 5, 2009 10:36pm Jul 5, 2009 10:36pm
price broke daily channel which is imho a very bearish signal. price stop now at 38% but 50% (152.8 area) look more probable to me.

trade safe
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