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

... looking for retracement to 154 - 154.30 possible support turned resistance.

The 4hr TL finally broke and PB is expected before a massive run to the next support..I hope everyone follow the trend..

I managed to lock in over 350 pips in less than 24 hrs before consolidation.

PA was crazy but overall it almost hit my 76.8% target before reversing.

DJ and FX market are not correlating well.

Trade your charts..

More pips to come..


Trend is your friend..

Here is an updated chart..

Have fun trading...





http://www.forexfactory.com/showpost...stcount=185032

However with the bearishness of it all... IMO good chance we won't even get there..

anyone think it may go up during asia from profit taking?

gj seems to have lost its link to ES. when GJ was at 162.50 ES was at 946. Now GJ is practically 1000 pips lower......and ES is on 946, exactly the same

Based on my 4hr chart, it looks like the H&S is forming if another rally occur tommorrow. If Mr. Ben say something to get the market to bear rally again, than another possible position to sell at a higher area

Bearish bias today. Selling all rallies to my TP 152.00(Neckline)

IMHO 152.00 is the neckline before another bear rally to form the right shoulder..

This is only a plan...

Good Luck

Hi rg!

I like this setup

Like Q said, the 5 weekly sma is turning on resistance now



Jhon

..
nice chart boss...still valid until we break the 152 support http://www.forexfactory.com/showpost...stcount=185243
http://www.forexfactory.com/showpost...stcount=185309

ES bounced off the critucal 940 level. It took a while to break above it, so it may take some effort to break below it again.

I'm still not entirely convinced by talk of a sustained downmove..... yet. GBP was always going to be weaker today after such bad government borrowing figures and until later in the day AY and ES were holding up well. That said, a 350 pip drop is not to be sniffed at.

okay quick post then i get some sleep...
GJ have not prove me wrong this week and i am happy abt that even my capital is cent but in the long run victory will be mine till big capital..

update from my previous post ...just a label to explain some key levels to help those who need clue about the next direction.
this is what 4hrs look like and only breakout broken this wrong , i like breakout since it is the only way to confirm trend direction..
play some game and get some rest with some food, i think i deserve it my eyes burning on cent ...omg Hmmm God time is the best, with God all things are possible ....c ya later everyone

Take Those Losses !!


One of the toughest thing to do for any trader, novice or professional is to accept losses and take the losses. Lot of the time, we have this tendency to hang on to the losses that somehow, just somehow, things would turn around and we can then get out at break even. And to further add fuel to the fire, occasionally, we find that after holding even after huge losses, sometimes the trade turns around and it comes back to our price and helps us get out at break even. Or most of the time, what happens is that we get out of a trade with huge losses only to see the price turn around and come right back to our price making us feel 'if only i had held for just 50 more pips !!'...sigh....

Though, on the face of it, the above 2 scenarious point to the situation where you might feel that it is good to hold on to losing trades, lets consider these points. Usually, when we hold on to losing trades, it most probably means that our system and strategy has gone for a toss, our money management is all screwed up and in effect, we are no longer in control of the trade. We allow our drawdown to pile up, the loss is way more than the stop loss. What this does is that it stops us taking other trades, either because we dont have the money due to large drawdown or we are simply too focussed on getting out of the losing trade that we dont see obvious setups or we are too scared that we might increase our losses by taking more trades and hence refrain from taking trades.

So, the losing trade not only makes us lose a lot of money but also stops us taking trades which could have given us some easy money. We could have simply cut our losses at say, 100 pips or so and easily made that amount by taking 2-3 good trades in a couple of days rather than hold on to the drawdown, lose good trades and finally lose on this trade as well.

Then comes the emotional content where we sit on the computer for long hours hoping and praying that things would somehow turn around increasing the pressure on us and making us a nervous wreck. Believe me, its not worth it. Trading is meant to be simple, easy and straightforward if you do it the right way. Just stick to your system that works, no matter what, take losses, as they are a integral part of trading and that will go a great way in making you a much better trader and a successful one at that. It saves you a lot of money and a lot of tension if you take your losses. It might sound a bit contradictory but try it...It Works !!

Does anyone know around what time Apple comes out with its results?

Just did

http://www.cnbc.com/id/32029614

tHANKS VERY MUCH FRIEND!

good job you are doing Auslanco, Gud bless you, please i need your help especially fundamental help to trade fx. my e-mail; [email protected], [email protected] or [email protected]. please help me good will help you.

good job you are doing Auslanco, Gud bless you, please i need your help especially fundamental help to trade fx. my e-mail; [email protected], [email protected] or [email protected]. please help me good will help you.

stop spam u will get banned okay....

It will only work if someone didn't buy @ 251.11 or sell @ 118.81

retest 153 .. but never ..

Next 158 ..go on


EJ retest 132.xx and today go on 135 ...

Any reason you think that?

Yes, I wonder as well...sounds a bit vague or dreamy.....