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

  • #185,501
  • Jul 22, 2009 11:07pm Jul 22, 2009 11:07pm
Quoting dre3029
for some reason every time I trade it goes against me within a day or so. At first I thought it was just coincidence but I think I have some serious bad luck. I'll enter a trade and all of a sudden every piece of data is opposite of what was expected and the trade goes the other way until I get stopped out. I'm not mad but I just think I have the worst luck when I try to seriously trade. Does anyone else have this issue? If anyone does then maybe I don't have bad luck and it's just me.
I am on the same ship mate. a long way to go I believe. But mostly I think I need to tone up my skills not luck
  • #185,502
  • Jul 22, 2009 11:10pm Jul 22, 2009 11:10pm
Unless trendline breaks to the upside I am not too worried, hence sold again at 15550. Am looking for down move.
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  • #185,503
  • Jul 22, 2009 11:14pm Jul 22, 2009 11:14pm
Quoting azibi
Unless trendline breaks to the upside I am not too worried, hence sold again at 15550. Am looking for down move.
you are giving some hope to me mate, I was short at 154 and forgot to set SL.
what to do??????????????
  • #185,504
  • Jul 22, 2009 11:24pm Jul 22, 2009 11:24pm
Quoting hindart
you are giving some hope to me mate, I was short at 154 and forgot to set SL.
what to do??????????????
wait for 50.0 or 61.8 and close your trade with small loss
  • #185,505
  • Jul 22, 2009 11:33pm Jul 22, 2009 11:33pm
Quoting azibi
Unless trendline breaks to the upside I am not too worried, hence sold again at 15550. Am looking for down move.
What charting platform do you use?...I noticed it's in Spanish.
On a journey to consistency.
  • #185,506
  • Jul 22, 2009 11:42pm Jul 22, 2009 11:42pm
Hey rgitt05, thanks for the heads up man. It is indeed a H&S pattern. Went long at 153.88 yesterday night, and it almost made me 150 pips overnight itself! I think H&S is confirmed if the price contains 1.558xx (R1 @ H4). Sadly, I made an early short entry @ 1.5470. Will be looking for a re-entry at the ~1.5530 mark. SL would be at 1.5591.

Best of luck.
~Bhavik
  • #185,507
  • Jul 22, 2009 11:43pm Jul 22, 2009 11:43pm
Quoting Tataocb
What charting platform do you use?...I noticed it's in Spanish.
Yes its a platform of Saxo Bank Spain. The charting platform is very simple, not all colors of the rainbow and it doesnt have 100 indicators either, just a few. I like to keep it simple....
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  • #185,508
  • Jul 23, 2009 12:02am Jul 23, 2009 12:02am
Hi Malcolmb, whjat are the Volumes telling you?
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  • #185,509
  • Edited 12:47am Jul 23, 2009 12:23am | Edited 12:47am
Quoting Beljevina
Thanks for posting Raza - appreciate your constructive input and that of others here. I completely understand your logic on the PA reasoning. I see GJ is now showing good support and perhaps some indecision @ 155.25 and would not be surprised to see it lower to ~154.9 before heading up again, but surpassing 155.8 for the next trip up. I was hoping for it to revisit 154.3 again, but I see the chances as low.

Appreciate if you can followup/post on the hourly candle logic showing the next 48hrs direction, when she's closed; it will help in my learning...
You are welcome

Price Action is loosing steam . it needs to retrace a bit to go higher

It doesnot look like it will go higher than 155.50 - 155.68.for now.

I will keep you posted for angle and chart pattern+ Divergence..

Note 155.00 --154.70 are support now

Think range now for 2 hours .. till next 4 hr Candle opens.... Bull Flag in the Making 15M.
Markets are not Random, they are designed!
  • #185,510
  • Jul 23, 2009 12:27am Jul 23, 2009 12:27am
http://www.forexfactory.com/showpost...stcount=185358

so far so good
  • #185,511
  • Jul 23, 2009 12:29am Jul 23, 2009 12:29am
Quoting azibi
Hi Malcolmb, whjat are the Volumes telling you?
hey azibi , do u believe in this ? lol @ indi, lol @ volume, all indicator repaint themselves , patterns and trend, S & R r the key
my opinion only
good luck
  • #185,512
  • Jul 23, 2009 12:38am Jul 23, 2009 12:38am
Quoting azibi
Hi Malcolmb, whjat are the Volumes telling you?
enjoy this quote bro :
indicator follow the price and show u the past , only price action show u the future move ... .

can you say no ?
am not sure anyone can
  • #185,513
  • Jul 23, 2009 12:47am Jul 23, 2009 12:47am
Quoting warta
enjoy this quote bro :
indicator follow the price and show u the past , only price action show u the future move ... .

can you say no ?
am not sure anyone can
ahh didnt know after 23 years in the markets....thanks for keeping me up to date
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  • #185,514
  • Jul 23, 2009 12:48am Jul 23, 2009 12:48am
Quoting warta
enjoy this quote bro :
indicator follow the price and show u the past , only price action show u the future move ... .

can you say no ?
am not sure anyone can
Yes but, S/R points are also the past. dont ignore the past if you want to know what the future beholds
  • #185,515
  • Jul 23, 2009 12:49am Jul 23, 2009 12:49am
Quoting azibi
ahh didnt know after 23 years in the markets....thanks for keeping me up to date
am not but after a 23 years in the market and u r asking wut the volume say , .... hmmm there is something wrong
  • #185,516
  • Jul 23, 2009 12:50am Jul 23, 2009 12:50am
Quoting Macedonia
Yes but, S/R points are also the past. dont ignore the past if you want to know what the future beholds

S & R dont repaint themselve dear
  • #185,517
  • Jul 23, 2009 12:54am Jul 23, 2009 12:54am
Quoting warta
S & R dont repaint themselve dear
Nor do volumes Dear.
  • #185,518
  • Jul 23, 2009 12:54am Jul 23, 2009 12:54am
Quoting warta
S & R dont repaint themselve dear
but they are broken and respected. who or what can tell if it will be broken. mabe volume indicator

non the less, S/R are historicle just like ma's or other indi's show. and yeh i love ma's. cheers deer.
  • #185,519
  • Jul 23, 2009 12:56am Jul 23, 2009 12:56am
Quoting ukdaytrader
Nor do volumes Dear.

well try it and see dear , take the 1 min chart and check the volume when the price move the volume change and follow
  • #185,520
  • Jul 23, 2009 12:59am Jul 23, 2009 12:59am
Take it to pm fools
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