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

  • #187,001
  • Aug 2, 2009 5:21pm Aug 2, 2009 5:21pm
160 is on the cards raza .... nothing in this 60 min says sell yet

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Blogging daily now at www.volume.zone
  • #187,002
  • Aug 2, 2009 5:22pm Aug 2, 2009 5:22pm
Quoting cullian
if you close them all at once will you be negative or positive?
In some loss... Otherwise I will close them All..

So take the loss.. I guess Malcolmb....

God I hate this...

Mal... where is your account?? which country I mean? Since you also live in Canada?
Markets are not Random, they are designed!
  • #187,003
  • Aug 2, 2009 5:24pm Aug 2, 2009 5:24pm
[quote=bluemax;2923910]
Quoting azibi

Yeah I tried FXCM years ago and they are the worse or at least one of them
Who do you use?
  • #187,004
  • Aug 2, 2009 5:28pm Aug 2, 2009 5:28pm
Quoting malcolmb14
160 is on the cards raza .... nothing in this 60 mabin says sell yet

Attachment
off topic question, you seem and are very knowlegeable, did you ever dig into algo trading? apparently its a the way of trading in big firms such as GS. I'd like your feedback on this subject, if possible.

Sunny
  • #187,005
  • Aug 2, 2009 5:31pm Aug 2, 2009 5:31pm
[quote=cullian;2923918]
Quoting bluemax
Who do you use?

CFH, one of the very best. ECN broker, excellent service, excellent pricing. But do not expect a handsome tradestation/platform. It's just prices. There main customers are institutional investors, banks, and they are heavily supported by banks in pricing. Very narrow spreads and sometimes no spread at all, but you do pay a small bro fee
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  • #187,006
  • Aug 2, 2009 5:32pm Aug 2, 2009 5:32pm
Quoting azibi
Hi Malcolm good afternoon. Can you give an update on the volumes please?
Thank you very much
loads buyers 157 , nothing showing selling on 60 min charts yet , hence I think we test 160 before any kind of reversal
Blogging daily now at www.volume.zone
  • #187,007
  • Aug 2, 2009 5:36pm Aug 2, 2009 5:36pm
those new rules suck
  • #187,008
  • Aug 2, 2009 5:38pm Aug 2, 2009 5:38pm
Ok.. This 4 hr Candle if Up will go as far as 159.94..97
Markets are not Random, they are designed!
  • #187,009
  • Aug 2, 2009 5:38pm Aug 2, 2009 5:38pm
Quoting malcolmb14
loads buyers 157 , nothing showing selling on 60 min charts yet , hence I think we test 160 before any kind of reversal

Thanks Malcolm but am just looking for a 50/75 point dip in fact but for the week the trend is up I agree. <<Am sure the UK PMI figs will come out "better" as expected as usual. That will do the trick partially.
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  • #187,010
  • Aug 2, 2009 5:39pm Aug 2, 2009 5:39pm
Good Morning folks

We crossed two major support lines and last week high

Now we are headed into last month high @ 159.972
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  • #187,011
  • Aug 2, 2009 5:41pm Aug 2, 2009 5:41pm
Quoting Sunny66
off topic question, you seem and are very knowlegeable, did you ever dig into algo trading? apparently its a the way of trading in big firms such as GS. I'd like your feedback on this subject, if possible.

Sunny
no never doen it .. but GS great at it ..lol

I have a buddy who trades futures using it .. used to be risk analyst programmer for Jp Morgan . He had bad week few weeks back .. i asked him what bed week was ...lol. He only made 750 k
Blogging daily now at www.volume.zone
  • #187,012
  • Aug 2, 2009 5:42pm Aug 2, 2009 5:42pm
Bias is bullish so far with the friday fundamentals GDP..

Weekly resistance R1 160.00 zone, R2 161.70

Good Luck shorts.

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  • #187,013
  • Aug 2, 2009 5:48pm Aug 2, 2009 5:48pm
I'm long right now, but has anybody got any opinions about that monthly doji last month?
  • #187,014
  • Aug 2, 2009 5:53pm Aug 2, 2009 5:53pm
Quoting cullian
those new rules suck
hedging ... highly over rated and used incorrectly more often than not. to protect losing trades.

stops and limits replaced with order cancels order ... no big deal , actually better. If in buy position , place sell limit order at place whre you would set stop for same lot size as open position , and buy limit order at take profit. Nothing that complicated.

also if you do not like new rules set in us then open account off shore
Blogging daily now at www.volume.zone
  • #187,015
  • Aug 2, 2009 5:53pm Aug 2, 2009 5:53pm
Look back on the saturday posts.



Quoting cullian
I'm long right now, but has anybody got any opinions about that monthly doji last month?
[
  • #187,016
  • Aug 2, 2009 5:57pm Aug 2, 2009 5:57pm
Quoting malcolmb14
hedging ... highly over rated and used incorrectly more often than not. to protect losing trades.

stops and limits replaced with order cancels order ... no big deal , actually better. If in buy position , place sell limit order at place whre you would set stop for same lot size as open position , and buy limit order at take profit. Nothing that complicated.

also if you do not like new rules set in us then open account off shore

So pay them more in Commisions...

Think I am going over this Continent SOOn...

Ok closed 2 positions in profit.. one more to Go.. 20 more pips down and I will be ok.
Markets are not Random, they are designed!
  • #187,017
  • Aug 2, 2009 6:02pm Aug 2, 2009 6:02pm
Quoting malcolmb14
hedging ... highly over rated and used incorrectly more often than not. to protect losing trades.

stops and limits replaced with order cancels order ... no big deal , actually better. If in buy position , place sell limit order at place whre you would set stop for same lot size as open position , and buy limit order at take profit. Nothing that complicated.

also if you do not like new rules set in us then open account off shore
I did open UK account, and FIFO is what really sucks, but i like to scalp against trend, and hedging allows me to keep original position open. I think raza probably doesn't like FIFO
  • #187,018
  • Aug 2, 2009 6:14pm Aug 2, 2009 6:14pm
Quoting cullian
I did open UK account, and FIFO is what really sucks, but i like to scalp against trend, and hedging allows me to keep original position open. I think raza probably doesn't like FIFO
fifo never bothered me .. been in futures market for some time now...
Blogging daily now at www.volume.zone
  • #187,019
  • Aug 2, 2009 6:21pm Aug 2, 2009 6:21pm
If its part of your trade plan, i consider my major, my oldest position a long term position, as i add to it during waves, i want to take profit, but still keep my first position open, FIFO would make me change the whole trade plan, i just filled out the online form and switched to sterling.
  • #187,020
  • Aug 2, 2009 6:22pm Aug 2, 2009 6:22pm
Aren't you still holding that long from 118?
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