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

  • #185,441
  • Jul 22, 2009 12:19pm Jul 22, 2009 12:19pm
Quoting Tataocb
My TP is currently at 153.00

i call that gambling, there is no reversal and the entry as been made from the bottom 1hr macd above 0 line ...
dont give out ur cash take there cash
MY OPINION NOT FINANCIAL ADVISE
  • #185,442
  • Jul 22, 2009 12:30pm Jul 22, 2009 12:30pm
Quoting donfriday
i call that gambling, there is no reversal and the entry as been made from the bottom 1hr macd above 0 line ...
dont give out ur cash take there cash
I use naked trading...S/R, trendlines and every now and then Fibs or "volume". So I dont really pay attention to MACD or any of those type of indicators. I also look at UJ and GU. IMHO GU looks toppy right now and UJ is having trouble breaking the 93.80 resistance zone (neckline of the H&S pattern). That's what made me want to enter. But I see your predictions are way better than mine, so I will take what you say into account. I also believe 155.00 is reachable to form a H&S. That's my analysis.

I agree with you 110% that I shouldnt give out my cash.

Maybe I'll close it now at +10 and wait and see if it does in fact get to 155.00-155.20 and short it from there. Because that would be a much "lovelier"(if such a word exists) ride.

EDIT: Moved my SL to BE+2...I dont like going against what the guys with vouchers say....makes me feel uneasy
On a journey to consistency.
  • #185,443
  • Jul 22, 2009 12:43pm Jul 22, 2009 12:43pm
Quoting Tataocb
I use naked trading...S/R, trendlines and every now and then Fibs or "volume". So I dont really pay attention to MACD or any of those type of indicators. I also look at UJ and GU. IMHO GU looks toppy right now and UJ is having trouble breaking the 93.80 resistance zone (neckline of the H&S pattern). That's what made me want to enter. But I see your predictions are way better than mine, so I will take what you say into account. I also believe 155.00 is reachable to form a H&S. That's my analysis.

I agree with you 110% that I shouldnt give out...
i have over 1000 indicators with me on my mt4..lol those are my newbie experience before i stayed focus on this thread and saw some of the great traders here using trendline and fibo, mostly my boss rggit05..i've read over 20 trading books, sometime i finish sometime i dont..but the amazing thing now is that i get confuse alot and this have real burn me and put me on bad shape so i learn from it, trendline and fibo are great if u draw them correctly...do you know that macd can be used as volume? they are all oscillartor, i have notice and i find macd very powerful and i use macd 5,34,5 for divergence and cross over..so much on my head.
still learning and lerning...do you know how to check fibo confluence and convergence with the abc parttern?
MY OPINION NOT FINANCIAL ADVISE
  • #185,444
  • Jul 22, 2009 12:52pm Jul 22, 2009 12:52pm
Quoting donfriday
do you know that macd can be used as volume? they are all oscillartor, i have notice and i find macd very powerful and i use macd 5,34,5 for divergence and cross over..so much on my head.
still learning and lerning...do you know how to check fibo confluence and convergence with the abc parttern?
I will read into that. I use fibs with my S/R lines. For example, on the big fall, the .618 landed right on a S/R area of 156.40-156.60, so I was expecting a top there, however, most guys here were talking about 157.00, so I decided to wait until 157.00 and that never happened. On the demo account, I shorted the 156.40 line and earned 400 pips...but what's the use of fake pips?!!! I'll place an entry order at 155.00. However, the bounce could happen at the .50 fib which I have at 154.70. So I'll place all kinds of price alerts around that area to be ready to short it. If GU makes a double top at 1.65 and UJ makes another try at the 93.80 line, we could easily see 155.00
On a journey to consistency.
  • #185,445
  • Jul 22, 2009 1:04pm Jul 22, 2009 1:04pm
Quoting Tataocb
I will read into that. I use fibs with my S/R lines. For example, on the big fall, the .618 landed right on a S/R area of 156.40-156.60, so I was expecting a top there, however, most guys here were talking about 157.00, so I decided to wait until 157.00 and that never happened. On the demo account, I shorted the 156.40 line and earned 400 pips...but what's the use of fake pips?!!! I'll place an entry order at 155.00. However, the bounce could happen at the .50 fib which I have at 154.70. So I'll place all kinds of price alerts around that area to...
u mention listening to guys with vouches....dont even listen to anyone, trade your chart and accept the winning and the losses...vouch only tell u that this person have some or enough experience in the fx, it does not put money in your pocket, so anyone with vouch should know what is saying if u dont use the vouch wisely twee will banned ur membership. so this vouch thing is like a tie in hot weather very stressful to contribute so much in FF..
157 was not really the resistance 156 was first resistance if u draw ur trendline correctly u would have short and sl at 157.55 and the was a strong confluence at 156 so that was a good sell entry with good risk ratio.
MY OPINION NOT FINANCIAL ADVISE
  • #185,446
  • Jul 22, 2009 1:12pm Jul 22, 2009 1:12pm
Formation of the H&S looks clear as long as the 155.00-156.00 is contain for the right side..

Here is my 24-48hr layout for GJ playout..

Plan your trade and trade your plan..

Good Luck.

I managed to lockin over 200 pips from my last post shorting toward my near predicted 152.00 zone..



http://www.forexfactory.com/showpost...stcount=185333

Quoting rgitt05
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

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  • #185,447
  • Jul 22, 2009 1:55pm Jul 22, 2009 1:55pm
Quoting rgitt05
Formation of the H&S looks clear as long as the 155.00-156.00 is contain for the right side..

Here is my 24-48hr layout for GJ playout..

Plan your trade and trade your plan..

Good Luck.

I managed to lockin over 200 pips from my last post shorting toward my near predicted 152.00 zone..



http://www.forexfactory.com/showpost...stcount=185333
YES IT IS Rgitt05
  • #185,448
  • Edited 3:22pm Jul 22, 2009 2:51pm | Edited 3:22pm
I am wondering what timeframe the top guys use the most? I know its good to glance at several but there must be one thats used as the main one?

Ive been using 5min but its not working. ive been told pro's use 1min charts but im not sure about that, surely gj is too volatile for 1min charts. thinking about switching up to 15 or even 1h see if i do any better with that
  • #185,449
  • Jul 22, 2009 3:47pm Jul 22, 2009 3:47pm
Quoting donfriday
so this vouch thing is like a tie in hot weather very stressful to contribute so much in FF..
seriously dude you don't have to post back to every single person in this thread. sometimes when I come on here it's like being in Uncle Don's therapy room

I respect your trading and not trying to have a pop but it seems like you feel you have to respond to everyone and everything. Quality not quantity mate is what we wanna see, no offense intended!
  • #185,450
  • Jul 22, 2009 3:57pm Jul 22, 2009 3:57pm
Quoting rgitt05
Formation of the H&S looks clear as long as the 155.00-156.00 is contain for the right side..

Here is my 24-48hr layout for GJ playout..

Plan your trade and trade your plan..

Good Luck.

I managed to lockin over 200 pips from my last post shorting toward my near predicted 152.00 zone..



http://www.forexfactory.com/showpost...stcount=185333
H&S is looking promising but have to break above 154.25 Fib. Definitely a short in the 155 zone if not before.
History is written by the victors.
  • #185,451
  • Jul 22, 2009 4:08pm Jul 22, 2009 4:08pm
Absolutely around the 155.00 zone for another sell position..Sell all rallies from here on..

Good Luck..

All the BS news is out now..



Quoting Money-RX
H&S is looking promising but have to break above 154.25 Fib. Definitely a short in the 155 zone if not before.
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  • #185,452
  • Jul 22, 2009 4:13pm Jul 22, 2009 4:13pm
Quoting uksnowman
seriously dude you don't have to post back to every single person in this thread. sometimes when I come on here it's like being in Uncle Don's therapy room

I respect your trading and not trying to have a pop but it seems like you feel you have to respond to everyone and everything. Quality not quantity mate is what we wanna see, no offense intended!
I reckoned that Donfriday is the owner and chief moderator of this thread! The "main guy" so to say!
{Promotion Removed}
  • #185,453
  • Jul 22, 2009 4:23pm Jul 22, 2009 4:23pm
Quoting rgitt05
Absolutely around the 155.00 zone for another sell position..Sell all rallies from here on..

Good Luck..

All the BS news is out now..

i took short from 154.35, not entirely convinced itll make it near 155, but then im always wrong

ej is also forming h&s along with gu, im not convinced its going to play out without some significant news events to drive it down
  • #185,454
  • Jul 22, 2009 4:25pm Jul 22, 2009 4:25pm
Quoting rgitt05
Absolutely around the 155.00 zone for another sell position..Sell all rallies from here on..

Good Luck..

All the BS news is out now..

BTW look at the H&S on GU - right shoulder in position for a drop.
History is written by the victors.
  • #185,455
  • Edited 4:43pm Jul 22, 2009 4:28pm | Edited 4:43pm
hey guys i came back from swimming , that was nice...

GU got back to the trend line again and that was a fake break out, it's more probablethat we see higher prices on GJ, and as we see on the GJ daily chart we see she came back on the lower trend line too and it was rejected and is going to close on high.
i closed my shorts and longed @ 153.98 with tight SL @ 153.60.

but note that my view is still bearish...
good luck too all
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Making money not by predicting just by following ...
  • #185,456
  • Jul 22, 2009 4:44pm Jul 22, 2009 4:44pm
Quoting uksnowman
seriously dude you don't have to post back to every single person in this thread. sometimes when I come on here it's like being in Uncle Don's therapy room

I respect your trading and not trying to have a pop but it seems like you feel you have to respond to everyone and everything. Quality not quantity mate is what we wanna see, no offense intended!


do you know the meaning of forum and thread? if you do then this is what FF is all about post what u like and sign off...I was having conversation with someone trying to explain some stuffs...if you dont like it go and rest in peace ... can u imagine how many post malcomb or dr geppynius post when mal almost 8500post and dr g over 10,000 post trying to help and learn from other so if u think this forum is for video show then u got it wrong...go back and read what FF is all about so if i am doing it wrong report me or u put be on your ignor list....if u dont have anything to say just go silent and rest in peace okay...the thread is already dead...wish u all good luck.
MY OPINION NOT FINANCIAL ADVISE
  • #185,457
  • Jul 22, 2009 5:06pm Jul 22, 2009 5:06pm
Quoting donfriday
do you know the meaning of forum and thread? if you do then this is what FF is all about post what u like and sign off...I was having conversation with someone trying to explain some stuffs...if you dont like it go and rest in peace ... can u imagine how many post malcomb or dr geppynius post when mal almost 8500post and dr g over 10,000 post trying to help and learn from other so if u think this forum is for video show then u got it wrong...go back and read what FF is all about so if i am doing it wrong report me or u put be on your ignor list....if...
How about we leave the philoshphy for somewhere else and FF for trading only? The cluttering of this thread with ramblings and arguments is the main reason why the senior traders no longer post.

Charts, opinions and reasons are all this thread needs.
  • #185,458
  • Jul 22, 2009 5:14pm Jul 22, 2009 5:14pm
Quoting ukdaytrader
How about we leave the philoshphy for somewhere else and FF for trading only? The cluttering of this thread with ramblings and arguments is the main reason why the senior traders no longer post.

Charts, opinions and reasons are all this thread needs.

3 people just went on my ignore list....if i piss u off ignor me the same way.....I just feel like i respond to you but from tomorrow Auslanco thread bye bye wormboy already offered me his forum so that will be another way of trading with a naked dragon trader....I have done my best and my best have prove me well, the little chance i had in this forum i have used is wisely so is up to the new members or new posters to find there own way...thank you ,...Piters,Q,lil moe, malcolmb, raza, grashid, Godfreh, warta, areza, forexlion, Padora, sych my great Boss rggit05 and God...without u guys i will not be in this level today...
wishing u all safe journey in life..
MY OPINION NOT FINANCIAL ADVISE
  • #185,459
  • Jul 22, 2009 5:19pm Jul 22, 2009 5:19pm
Wait for asian market to open...I have a feeling the market will rally first before the drop..

Stay tune..





Quoting ewokuk
i took short from 154.35, not entirely convinced itll make it near 155, but then im always wrong

ej is also forming h&s along with gu, im not convinced its going to play out without some significant news events to drive it down
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  • #185,460
  • Jul 22, 2009 5:36pm Jul 22, 2009 5:36pm
Rgitt05,

Glad to see you here !
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